Business
NLC threatens to shut down telecom services nationwide on February 4 Over 50% tariffs hike
The rally will serve as a warning on the dangers of imposing such an unfair increase on a struggling population earning a minimum wage of only N70,000.

▪︎ NLC President, Joe Ajaero
The Nigeria Labour Congress (NLC) warns that unless the 50 percent telecom tariff hike recently approved by the Federal Government, is reviewed downward, it will embark on a nationwide mass rally on February 4 .
The NLC therefore urges the Ministry of Digital Economy and Innovation and the Nigeria Communication Commission (NCC), to engage in meaningful dialogue with critical stakeholders to review the proposed tariff adjustment.
Mr Joe Ajaero, NLC President, said that should this not be heeded, the Nigeria Labour Congress will escalate its actions, including the possibility of a nationwide boycott of telecommunication services.
“Others are further mass actions that may involve nationwide withdrawal of our service to resist policies that exacerbate poverty and inequality,” he said.
In a communique issued at the end of the Congress’s National Administrative Council (NAC) meeting held on Wednesday in Abuja, Ajaero said that the NAC in session totally rejected the 50 percent telecom tariff hike as it was considered too harsh for the citizens.
“To express our collective opposition to this arbitrary tariff hike, the NLC will embark on a nationwide mass rally on Tuesday, February 4, 2025.
“The rally will serve as a warning on the dangers of imposing such an unfair increase on a struggling population earning a minimum wage of only N70,000.
“A population that has suffered outrageous hike in the price of petrol, high cost of food, hike in electricity tariff, and general rising inflation.
All NLC affiliates and state councils are directed to begin full mobilisation in preparation for the February 4, 2025, nationwide protest rally.”
Business
JUST IN: MultiChoice Nigeria CEO Faces Arraignment by FCCPC for Obstructing Probe

The Federal Competition and Consumer Protection Commission (FCCPC) will arraign MultiChoice Nigeria Limited, Chief Executive Officer, John Ugbe and other executives of the firm for impeding its investigation and failing to comply with lawful summons.
This is according to a charge sheet marked FHC/ABJ/CR/197/2025, filed by the FCCPC legal team led by Barrister Nsitem Chizenum.
This follows a May 8, 2025 ruling of an Abuja Federal High Court, which dismissed MultiChoice Nigeria Limited’s suit seeking to uphold its DStv and GOtv price increases in Nigeria.
Details later….
Business
FedEx founder and former boss Fred Smith dies aged 80
Born in 1944, Mr Smith started FedEx with 389 staff and 14 small planes that carried 186 packages from Memphis to 25 cities within the US.

Image credit: Getty Images
Fred Smith, founder of the US parcel delivery giant Federal Express, has died at the age of 80, the company has announced.
Mr Smith founded the firm in 1973 having previously served in the US Marine Corps.
He ran the company as CEO until 2022.”Fred was more than just the pioneer of an industry and the founder of our great company.
He was the heart and soul of FedEx,” current boss Raj Subramaniam wrote in a memo to staff.
Born in 1944, Mr Smith started FedEx with 389 staff and 14 small planes that carried 186 packages from Memphis to 25 cities within the US.
(BBC)
Business
BREAKING: NNPC Spokesman, Soneye resigns

The Nigerian National Petroleum Company Limited (NNPCL) is expected to name a new spokesperson soon, following the resignation of the company’s Chief Corporate Communications Officer (CCCO), Olufemi Soneye.
In a statement made available to the press in Abuja on Saturday, Soneye thanked his former employer and colleagues for their support during his tenure as CCCO.
He stated that his decision to step down was to enable him to devote more time to his family and attend to personal responsibilities that require his closer presence.
The statement read: “Dear Esteemed Colleagues, I extend my heartfelt gratitude to you all for the unwavering support, professionalism, and genuine commitment you’ve shown in helping to shape and amplify the NNPC Ltd story over the past 20 months.
“Your role in building a vibrant and effective communications presence for our national energy company has been nothing short of invaluable.
“I wish to inform you that I have stepped aside from my role as Chief Corporate Communications Officer of NNPC Ltd. This decision will allow me to devote more time to my family and attend to personal responsibilities that now require my closer presence.
“It has been a profound honour to serve both the Company and our country and to contribute in my own way to the ongoing transformation of NNPC Ltd.
I am deeply grateful for the trust reposed in me, the opportunities granted, and the incredible professionals—both within and outside the organization—with whom I have worked.
“I remain a steadfast supporter and ambassador of NNPC Ltd wherever I go. I enjoin you, dear colleagues, to continue your robust, balanced, and constructive reportage in support of the Company’s noble mission and strategic role in Nigeria’s energy future.”
Soneye was appointed as NNPCL’s spokesman in October 2023, following a company-wide reorganisation that saw him replace Garba Muhammad.When contacted by Tribune Online, Soneye confirmed the news, saying, “Yes, my bro! E ku weekend.”
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