Business

MTN Closes Stores Across Nigeria After Subscriber Outrage

Published

5 months ago

July 30, 2024

Photo source: Google

Telecom giant MTN has decided to shut down all its stores and service centers across Nigeria today in response to significant subscriber backlash.

This action follows a controversial decision made on Sunday, when MTN suspended services for users due to inconsistencies between their National Identification Number and SIM registration details.

The situation escalated dramatically when a viral video emerged showing a mob attacking an MTN office in ‏FESTAC Town, Lagos.

The video depicted the crowd vandalizing the office and damaging barricades outside the building, a reaction triggered by the network’s decision to block affected lines.

In response to the unrest, Lagos State Police Public Relations Officer Benjamin Hundeyin confirmed that order had been restored by the local police, specifically the FESTAC Division Police Officer and his team.

Today, MTN has announced a nationwide closure of all its retail outlets and service centers.

The company issued a statement to customers saying, “Dear customers, please be advised that all our shops nationwide will remain closed today, July 30, 2024.”

This move reflects the company’s effort to manage the situation and ensure safety amid ongoing disturbances.

Business

Dangote Refinery Cuts Petrol Price from N970 to N899.50 for the Festive Season

Published

3 days ago

December 19, 2024

Gift Ogieva

Photo source: Google

Dangote Refinery has announced a fresh reduction in the price of Premium Motor Spirit (PMS), commonly known as petrol.

The company, which is one of Nigeria’s leading oil producers, announced in a statement shared by its spokesperson, Anthony Chiejina, on its official X account on Thursday.

Effective immediately, Dangote Refinery has lowered the ex-depot price of petrol to N899.50 per litre, down from the previous rate of N970.

In his statement, Chiejina mentioned the company’s commitment to helping alleviate the financial burden on consumers during the holidays.

“We have now announced a new price of N899.50 per litre.

This reduction is designed to ease transport costs during the festive period,” he said.

“To alleviate transport costs during this holiday season, Dangote Refinery is offering a holiday discount on PMS.

From today, our petrol will be available at N899.50 per litre at our truck loading gantry or SPM.”

In addition to the price reduction, Dangote Refinery has introduced a new incentive to make fuel more accessible for consumers.

Chiejina explained that for every litre of petrol purchased on a cash basis, buyers will have the opportunity to acquire an additional litre on credit.

This offer is backed by a bank guarantee from Access Bank, First Bank, or Zenith Bank, providing customers with more flexible payment options.

Business

Price of Beans in Nigeria Drops to ₦100K-₦120K, Traders Show Excitement

Published

1 week ago

December 13, 2024

Ese Ohwofa

Price of beans drops and news excites traders and consumers. Residents as well express joy with price drop amid the upcoming Christmas holiday. According to a report, the price of beans has sustained a slight drop as 100kg bag of beans is sold for 150k Naira to 140k.

The price of a bag has now dropped to 100k to 120k, depending on the type of beans. It was reported that the price of beans has been dropping for the past two weeks unlike the past months.

Business

Nigeria Reclaims Top Spot as Africa’s Leading Oil Producer in 2024

Published

1 week ago

December 12, 2024

Ese Ohwofa

Nigeria’s Oil Production increased in November 2024 and has reached 1.69 Million per day going 10% increase compared to that of October production.

This now secures Nigeria’s oil production as the top in the Africa Oil Production.

The crude oil production rose with 11.42% but the condensation production reduced. Despite the great progress of the production, Nigeria’s oil production still has not reached their 2024 goal of 1.78mbpd.