The Nigerian stock market experienced a significant boost on Tuesday, with the main equity index rising 0.8 percent, adding N472 billion in value. The surge was primarily driven by the Nigerian Communications Commission's approval of a 50 percent tariff increase, which sparked heightened interest in MTN Nigeria's shares. MTN Nigeria, a telecommunications giant and the country's second-largest company by market capitalization, saw its stock jump 10 percent to close at N256.3. This performance was particularly notable, as the company represents 8.5 percent of the market's total value. The insurance sector emerged as the top performer among market indexes, with the…

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Melissa Houston Many are taking the entrepreneurial leap in 2025, and if you have that burning desire to join them but aren’t quite sure if it’s the right move for you, you are in good company. Transitioning from steady employment to start a business is a big decision, and one that shouldn’t be taken lightly. Understanding Your Motivation When it comes to entrepreneurship, you need to know why you want to start a business. Is it because you have a passion for an idea, or maybe you are dissatisfied with your current job, or have a strong desire for independence.…

The Nigerian Communications Commission (NCC) has authorized telecommunications companies to implement their first tariff increase since 2013, though at a lower rate than requested. The approval caps the increase at 50%, falling short of the 100% hike sought by some operators. In an announcement released Monday, NCC Director of Public Affairs Reuben Muoka explained that the decision was made under the commission's statutory authority to regulate telecommunications pricing. The adjustment aims to address the growing disparity between operational costs and existing tariffs while ensuring service quality remains uncompromised. "This measured increase reflects our careful consideration of ongoing industry reforms and…