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MTN customers have been reconnected to banking channels after commercial banks had blocked them from using their channels, including the Unstructured Supplementary Service Data and banking apps on Friday. The channels were blocked as a result of MTN reducing the banks’ commission on USSD airtime to 2.5 per cent. However, following the intervention by the Minister of Communications and Digital Economy, Isa Pantami, the Governor of the Central Bank of […]

A total of 2,210 workers have withdrawn N3.18bn from their Retirement Savings Accounts with their respective Pension Fund Administrators in six months after making additional voluntary contributions, the National Pension Commission has said. PenCom said this in its quarterly report obtained on Monday. While 1,286 active contributors withdrew N2.17bn in the third quarter of 2020, another 924 contributors withdrew N1.01bn in the fourth quarter of 2020. PenCom stated that “during […]

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said the publication of the audited financial statements of NNPC facilitated the recent financing for the revamp of the Port Harcourt refinery. The sum of $1.5bn would be expended on the revamp of the Port Harcourt refinery, although there had been concerns as to why the government would spend such funds on a refinery that had been […]