Senate cries out after Customs spends N1.6bn to recruit 3,200 people
Samson EchenimJanuary 14, 2020
Ali will run Customs aground, sack him now, Senate tells FG How we spent the money – – Customs By Samson Echenim The Senate committee on Customs has cried out over a whopping N1.6 billion spent by the Nigeria Customs Service to recruit 3,200 men of the service. Hameed Ali, comptroller-general of Customs is currently […]
FG frowns at state govts’ violation of RoW agreement
Omobayo AzeezJanuary 14, 2020
By Omobayo Azeez The federal government, through the Federal Ministry of Communications and Digital Economy has expressed displeasure with state governments in Nigeria for violating agreements on Right of Way (RoW) for rollout of telecoms infrastructure in the country. According to minister Isa Pantami, the ministry had received with dismay the decision of some states of […]
Oil prices surge as US-China trade deal nears
Kenneth AforJanuary 14, 2020
Kenneth Afor with agency report
Concern mounts over failure of N3bn Lagos airport’s aircraft landing aids
Samson EchenimJanuary 13, 2020
By Samson Echenim A diversion of Lagos airport-bound flight from London Heathrow by British Airways to Ghana has exposed the weakness of landing aids in Nigerian airports, amidst denial by relevant agencies that are responsible for managing the country’s airports. Heathrow- Lagos bound British Airways flight 075 was diverted to the Kotoka International Airport, Accra, […]
Buhari signs 2019 finance bill into law
Businessam StaffJanuary 13, 2020
President Muhammadu Buhari has signed the 2019 finance bill into law. The president signed the bill into law on Monday. More to follow…
MTN share price rises after revoked tax case
Businessam StaffJanuary 13, 2020
The share price of MTN increased by 5.3 per cent to 83.67 rand on Friday following the announcement of the revocation of its $2bn tax case in Nigeria. The increase in the share price pushed the company’s market value to 158 billion rand ($11.1bn), according to Bloomberg. MTN, in a letter filed at the Nigerian […]
TCN to push for Discos’ recapitalisation
Businessam StaffJanuary 13, 2020
Power distribution companies must be recapitalised for Nigeria’s power industry to work and the Transmission Company of Nigeria has vowed to push for the Discos’ recapitalisation this year. Speaking on some of the company’s targets for 2020 in the latest Power Wheel interview of the TCN obtained in Abuja on Sunday, the Usman Mohammed, managing director of […]
Nigeria to earn over N7.6bn annually from new import charge
Samson EchenimJanuary 13, 2020
By Samson Echenim Cost of shipping to rise New port charge sets early tone for Nigeria’s international trade Agents’ Practioners Operation Fees (POF) collections at Nigerian ports could exceed N7.6 billion annually beginning from this year, with fears that the new import charge would lead to increased cost of doing business at the country’s ports. […]
Malami drops allegation of N242bn, $1.3bn indebtedness against MTN
Omobayo AzeezJanuary 10, 2020
Asks to FIRS, customs to resolve feud
Nigeria unveils $732m broadband project to boost economy
Businessam StaffJanuary 10, 2020
Nigeria plans to invest 265 billion naira ($732 million) in broadband infrastructure over the next four years as the government sets its sights on nationwide coverage and to boost an economy recovering from a 2016 contraction. The government will provide 65 billion naira for the project and six private infrastructure companies the balance under a public-private […]