MTN Nigeria's 50% Tariff Hike on Calls and Data Sparks Outrage
MTN Nigeria is under fire for implementing a 50% tariff hike on calls and data, citing economic pressures like inflation. While the NCC approved the increase, customers are outraged, accusing the telecom giant of exploiting the current climate. Increased charges have sparked online protests and potential legal battles, putting MTN at the center of a growing controversy.
Aston Martin Seeks Financial Stability: New Fundraising Initiatives Announced
Aston Martin Lagonda Global Holdings Plc is set to raise £210 million through new shares and debt issuance after issuing its second profit warning in months. Known for its luxury cars and James Bond association, the company faces pressing financial challenges. The fundraising is crucial for stabilizing its finances and addressing ongoing profitability concerns, highlighting its proactive approach amid financial adversity.
Landmark Achievement: Dangote Refinery Launches First Domestic Petrol Shipment
Dangote Refinery is launching its first shipment of domestically produced petrol, moving Nigeria towards energy self-sufficiency. The 650,000-barrel-per-day facility is set to alleviate petrol shortages and potentially enable exports to neighboring countries. The Federal Executive Council supports this move, allowing financial transactions in local currency.
Luxury Cars of Controversial Businessman Hamilton Ndlovu to Go Under the Hammer in Johannesburg
A fleet of luxury cars once belonging to Hamilton Ndlovu, a businessman embroiled in a PPE tender scandal, will be auctioned on August 28, 2024, in Johannesburg. The auction, led by Park Village Auctions, aims to recover funds allegedly misappropriated by Ndlovu. The vehicles, including high-end brands like Lamborghini and Porsche, are expected to fetch around 7 million Rand but won't cover the total owed.