Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.
The latest industry data released by the Nigerian Communications Commission (NCC) has revealed that active subscriptions for telecommunications services across the mobile networks of MTN, Airtel, Glo, and 9mobile rose to 218.6 million in November 2022.
According to the data, the increase was driven largely by MTN, which recorded the highest gain of 3.1 million subscriptions in the month. Read more here.
Farmers in Bauchi State have called on the Federal Government to get rid of adulterated fertilisers from the market and to ensure that no firm produces them without the government’s approval.
Some of the farmers who spoke with the News Agency of Nigeria (NAN) on Tuesday urged the government to check fake, substandard production of fertiliser and also urged the government to issue sales permits to operators. Read more here.
Data from the Nigeria Inter-Bank Settlement System has revealed that spending on electronic bills such as power, PayTV, and other utilities increased by N576.41 billion in 2022.
According to the data, N2.63 trillion was spent on e-bills from January 2022 to November 2022, which reflects a 28.14 per cent increase from the N2.05 trillion that was spent in the corresponding period of 2021. Read more here.
As the new naira notes circulate in the economy, the Central Bank of Nigeria has said the use of cash payment will naturally reduce by 2025.
The CBN said this in its Payments Vision 2025 document. Read more here
The management of Eko Electricity Distribution Company (EKEDC) has revealed that the company has made provision for 20 hours uninterrupted daily electricity supply to its customers in 2023.
Dr Tinuade Sanda, the EKEDC Managing Director, disclosed this on Thursday while briefing newsmen. Read more here.
These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.
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