BT Business

MTN Bars Subscribers From Buying Airtime Via USSD

MTN Nigeria has blocked its subscribers from recharging their mobile phones or buying data using the Unstructured Supplementary Service Data (USSD) codes. This means that subscribers cannot recharge their lines or buy data plans using the USSD codes particular to their banks. When patrons make efforts to recharge via USSD code, My MTNapp, and FinTech […]

Atiku Blasts Buhari’s Economic Policies, Laments High Unemployment

Atiku Abubakar, former Vice President of Nigeria has reacted to Nigeria’s new rating of having the highest number of jobless people in the world. Atiku on Sunday said the Muhammadu Buhari led administration lacks the capacity to address issues facing the country. The former Vice President also called on stakeholders and elder statesmen to help […]

We Disburse Not Less Than $80m To Banks Weekly For School Fees, BTAs — Emefiele

There is enough forex for business owners, travellers and parents with students abroad to meet their obligations, the Central Bank of Nigeria (CBN) has said. Godwin Emefiele, CBN Governor, who stated this yesterday at the 278th Monetary Policy Committee press briefing, held in Abuja, also said that at least $80m were disbursed to banks on […]

CBN Approves 100 International Transfer Operators

Nigeria’s Financial regulator, the Central Bank of Nigeria, CBN, has listed the approved 100 International Money Transfer Operators in the country. The apex bank disclosed this via its Twitter handle on Monday. List of Approved International Money Transfer Operators… — Central Bank of Nigeria (@cenbank) March 22, 2021 The money transfer operators, according to the […]

Inflation At all Time High as Consumers Groan

The Consumer Price Index, CPI, which measures inflation, increased by 17.33 percent (year-on-year) in February 2021, the highest in four years in Nigeria, according to the National Bureau of Statistics, NBS. The rate is 0.86 percent points higher than the rate recorded in January 2021 (16.47 percent).NBS said increases were recorded in all COICOP divisions […]

COVID-19 Variant: Saudi Arabia Reopen Borders; Resumes International Flights

By Onwuka Gerald Saudi Arabia has on Sunday declared the reopening of land and sea borders as well as the resumption of international flights after a 2 week suspension that was aimed to contain the fast spreading new COVID-19 strain. The Ministry of the Interior stated that the government directed the lifting of precautionary measures […]