The Nigerian government has halted a new telecoms tax in its tracks. The 5% levy was supposed to go into effect this year, but communications and digital economy minister, Isa Pantami, now says Nigeria's telecoms sector is already overtaxed.
Standard Chartered Bank has announced that it will shut down international spend on its naira cards. From August 1, all its customers will no longer be able to use their Naira Visa Debit cards to pay for foreign subscriptions. Read more in TC Daily.