Nigeria has reportedly suspended discussions with MTN over the record US$3.9billion fine imposed on the mobile operator’s subsidiary there while the country’s parliament investigates the size of the penalty and the way in which it was imposed.

The National Bureau of Statistics (NBS), on Monday morning released inflation data for the month of April, revealing that the headline rate stood at 13.72 per cent year-on-year, 0.4 per cent rise above the 12.77 per cent recorded in the corresponding period of March.

THE Minister of State for In­dustry, Trade and Investment, Aisha Abubakar, on Wednes­day disclosed that the Federal Government would ban the importation of six commodi­ties by 2018.

A Nigerian firm has said it has started oil production from an offshore field in the commercial city of Lagos, the first output outside the country’s oil hub in the Niger delta.