News
Federal Court Orders Rivers State to Halt Fund Allocations
The Nigerian Federal High Court orders Rivers Sate to no longer receive funds until the allocation case has been resolved. This order was made by Justice Joyce Abdulmalik,who is in charge of the Rivers House of Assembly case.
The Senior Advocate of Nigeria Mohammed Ndarani comments on the case and stats that Rivers state is living on borrowed time, financially. And the ruling states that a state can no legally function without a proudly formed Assembly.
Entertainment
MrBeast Claims Multiple Billionaires Have Approached Him to Buy TikTok
Popular YouTuber, MrBeast has revealed that he has been approached by many to buy TikTok with their assistance. Tiktok has recently made headline in the United States as the government plans to ban the application on the 19th of January 2025.
The influencer first stated in a post and agreed to buy Tik Tok for the Americans sake. “Okay fine, I’ll buy TikTok so it doesn’t get banned.”
Fans thought if he was being by serious or not till he later posted that since he made that post he has been approached by many.
“Unironically I’ve had so many billionaires reach out to me since I tweeted this, let’s see if we can pull this off.”
Business
Tijani Rejects 100% Telecom Tariff Hike, Says Increase Should Be Between 30-60%
Bosun Tijani, Nigeria’s Minister of Communications, Innovation, and Digital Economy, has assured the public that telecom operators will not be allowed to raise tariffs by 100 percent, despite their ongoing calls for increases.
In a recent interview on Channels Television’s Politics Today, Tijani addressed the telecom companies’ request for higher tariffs, which they attribute to rising operational costs, inflation, and the devaluation of the naira.
While acknowledging the need for a tariff hike, Tijani emphasized that any increase should be manageable for the people.
“I think it should not exceed 30 to 60 percent,” he stated.
“We are not going to approve a 100 percent increase,” Tijani clarified. “The companies are asking for it, believing it is what they need to stabilize. But as a government, we must ensure the growth of the sector does not come at the expense of the people.”
He also mentioned that the Nigerian Communications Commission (NCC) is still evaluating the tariff increase, working carefully to balance the needs of the telecom sector with the economic impact on Nigerians.
According to Tijani, this will involve closely examining the figures and considering how the increase might affect consumers while ensuring the sustainability of the telecom industry.
News
Nigerians to Pay More for Calls and Data as Telecom Costs Rise
The Minister of Communications and Digital Economy, Bosun Tijani, has announced that Nigerians may face a 30 to 60 percent increase in the cost of calls, data, and other telecommunications services.
Tijani shared this during an interview with Channels Television, explaining that the hike is necessary to sustain growth in the sector and keep up with global technological advancements.
He emphasized that the telecommunications industry relies heavily on continuous investments to drive economic development.
With rising inflation and the rapid evolution of technology, operators must upgrade their infrastructure to remain competitive.
“The tariff increase shouldn’t exceed 30 to 60 percent,” Tijani explained. “This sector is built on investment.
Technologies like 3G will eventually be phased out, so telecom companies need to keep upgrading their equipment. Inflation is a challenge, and we must ensure they can attract the capital needed to grow.”
Tijani cited a significant jump in foreign investments. “In the first quarter of 2024, the telecommunications sector attracted nearly $199 million in foreign direct investment, primarily from telecom operators.
That’s already higher than the total inflow for 2023. If we want to build a $1 trillion economy, we need telecom operators investing at a faster pace,” he added.
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