Monetary Policy Committee explains rate hike to 26.25% - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has hiked the Monetary Policy Rate (MPR) to 26.25 per cent, reports ITREALMS.

The Committee arising from its 295th meeting on the 20th and 21st of May 2024 to review recent economic and financial developments and assess risks to the outlook decided that to raise the MPR by 150 basis points to 26.25 per cent from 24.75 per cent; retain the asymmetric corridor around the MPR to +100/-300 basis points; retain the Cash Reserve Ratio of Deposit Money Banks at 45.00 per cent; and retain the Liquidity Ratio at 30.00 per cent.

Eastern Maritime stakeholders reject haulage hike, give 7 days ultimatum - ITREALMS

ITREALMS ... making leadership SENSE with digital news!

Importers/Exporters, Shippers and Freight Forwarders operating in the Eastern ports of the country have unanimously rejected an alleged 200 percent increase in Haulage Fare by the Nigerian Shippers council (NSC) in connivance with the transport unions, Maritime flat and cargo and the Freight Forwarding transport, lamenting its impending inflationary effect should the alleged hike is allowed to stand.

The body unanimously threatened operational shot down as they declared a 7 day ultimatum during which the NSC is expected to return to status quo ante by reversing the hiked rate.

Fashion designer, Wells, peeps into 2024, advises FG on exchange rate - ITREALMS

ITREALMS ... making leadership SENSE with digital news!


A Port Harcourt-based fashion designer, Angela Wells has said that she was optimistic 2024 would be a good year for business even as she admonished the federal government to redouble efforts to ensure exchange rate stability, reports ITREALMS.

Speaking to ITREALMS on the sideline of her annual event tagged "Shop and Chop" in Port Harcourt the Rivers State capital recently, Wells maintained that 2023 was a turbulent year for business stressing that it was by the grace of God that many businesses survived.

PhotoSpeaks @ITREALMS: NCC concludes on International Termination Rate - ITREALMS

PhotoSpeaks@ITREALMS ... making leadership SENSE with digital news!

Termination rate: NCC to unveil study outcome to stakeholders

ITREALMS:

The Nigerian Communications Commission (NCC) has concluded plans to unveil the study on Cost based Study for the Determination of Mobile Voice Termination Rates in Nigeria to the stakeholders, reports ITRealms.

The study, ITRealms gathered, was conducted by PricewaterhouseCoopers (PwC) and would be unveiled to Stakeholders at the Digital Bridge Institute (DBI), Cappa, Oshodi, Lagos, on Thursday, February 1, 2018.

ITRealms reports that the forum would avail stakeholders the opportunity to listen to the findings of PwC in the study and discuss issues of concern to all parties.

Also, ITRealms reports that the forum would serve as a prelude to the release of the report and the Determination of the Mobile Termination Rates (MTR) by the Commission.

ITRealms further gathered that the Executive Vice Chairman (EVC) of the NCC, Prof. Umar Garba Danbatta and other Directors of the Commission would host stakeholders at the forum.

Nonye Dom/GEE

ITREALMS ... everything news digitally!

Airtel slashes roaming rate by 90%

ITRealms:

The Airtel Nigeria has slashed its roaming rates by 90% and other amazing discounts on its newly repackaged Roam & Home Bundle plan, reports ITRealms.

The company’s Chief Commercial Officer (CMO), Ahmad Mokhles, said the Roam & Home Bundle plan, has been specifically designed to make travelling more enjoyable and empower consumers to stay connected with business associates, family and friends while overseas.

As said by the CMO, the new value offering allows customers to roam at a hugely discounted rate on 33 selected networks in 27 countries, also offering bundle balance that can be used locally or when a customer returns home.

With the Airtel Roam & Home, customers can receive calls and SMS without charge and account balance can be requested by dialling *123*3#.

He explained that customers can subscribe to the Roam & Home Bundle by dialing *789#. The service could be activated either at home or abroad by dialing the Shortcode.

Mokhles also said the minimum bundle of N5,000 comes with 7 days validity while subscription with validity of 30 days begins from N10, 000. Customers get daily notifications on usage after subscription.

The CMO further explained that customers can make calls back home to Nigeria while abroad (roaming) across the 27 countries for as low as N60/20secs. In addition to this, customers also receive calls and SMS free (T&C apply). And when back in Nigeria, customers can also use the balance in their Roam and Home bundle to make calls at local rate.

The CMO noted that Airtel is committed to partnering Nigerians on every international trip, ensuring that they get real value and also enjoy seamless telephony experience at the best tariff.

“With Roam & Home Bundle, customers remain seamlessly connected to their families, friends and business associates and at the same time benefit amazing discounts on the Airtel network,” Mokhles said.

ITREALMS ... everything news digitally!