Abuja Disco to procure $3.7m prepaid meters
Businessam Staff
July 4, 2017
The Abuja Electricity Distribution Company (AEDC) is set to procure additional 30,000 prepaid meters worth $3.7 million to intensify mass metering of customers in its franchise locations, NAN reports. The locations are Kogi, Niger, Nasarawa and the Federal Capital Territory. The Managing Director of AEDC, Mr Ernest Mupwaya said this on Tuesday in Abuja, while […]
NIMASA, shipping companies urged to partner on sea time training
Businessam StaffJuly 4, 2017
A maritime expert, Chief Kunle Folarin, has advised the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to sign agreements with shipping companies on sea time training of cadets. In an interview win NAN, Folarin, the Chairman, National Seafarers Welfare Board, gave the advice in Lagos. “Shipping companies have their schedule of employment […]
Nigeria Customs launches electronic auction initiative
Businessam StaffJuly 3, 2017
The Nigeria Customs Service has launched an Electronic Auction initiative, which will increase the revenue generation and ports decongestion. Hammed Ali, the comptroller general of the Customs launched new initiative in Abuja Monday. According to the Comptroller, the electronic auction bidding process will replace the manual process of auctioning cars with which was characterized by […]
FIRS joins Automatic Exchange of Information to fight tax evasion
Businessam StaffJuly 3, 2017
Federal Inland Revenue Service is planning to partner with the global forum on Automatic Exchange of Information (AEOI) in an effort to reduce tax evasion in Nigeria, Babatunde Fowler, Executive Chairman, FIRS said. In a NAN’s report, Fowler disclosed this on Sunday in Lagos on the sideline of the just concluded workshop on Automatic Exchange of Information […]
CBN to support funding of cooperative agency to ensure financial inclusion
Businessam StaffJuly 1, 2017
The Central Bank of Nigeria (CBN) says it will support the Cooperative Financing Agency of Nigeria (CFAN) to ensure financial inclusion in the country, according to NAN. Temitope Akinfadeyi, Head of Financial Inclusion Secretariat, said this at the 2017 United Nations International Day of Cooperatives in Abuja on Saturday. Akinfadeyi stated that one of the […]
NSC begins auction of seized goods on July 1
Businessam StaffJuly 1, 2017
Nigeria Customs Service (NCS) has announced the commencement of auctioning exercise of all seized and contraband goods for Saturday, July 1, 2017, Business Insider reports. According to Joseph Attah, the Public Relations Officer (PRO) of NCS, said the goods would be sold to the highest bidders in a process which would be through online application when […]
Nigeria to generate $10 billion from hives, honey – USAID
Businessam StaffJune 30, 2017
Nigeria can generate over 10 billion dollars from local and international trade in honey and other hive products, David Musa, Team Leader, USAID Bee Keeping Pollination Project said. According to report from NAN, Musa disclosed this during an interview on the sideline of a Capacity Building Workshop for bee-farmers in Goshen, Nasarawa State on Thursday. In […]
Osinbajo gives tax evaders 9 months ultimatum to regularise tax status
Businessam StaffJune 29, 2017
Acting President Yemi Osinbajo on Thursday offered nine months grace period to tax payers to regularise their tax status or face criminal prosecution for tax offences, NAN reports. Osinbajo made the offer in Abuja at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDs), where he revealed that the scheme was specially targeted at […]
Nigeria energy forum to focus on gas-to-power challenges
Businessam StaffJune 29, 2017
The forthcoming Nigeria Energy Forum (NEF) will focus on gas-to-power challenges in the country, Adekunle Makinde, the former Chairman, Nigeria Institution of Electrical and Electronics Engineers (NIEEE) said in Lagos Thursday. According to NAN, the forum, which will be organised by a team of young academics and researchers from the UK, in collaboration with NIEEE […]
Lagos to focus more on environment, power, transport in next two years, says Ambode
Businessam StaffJune 26, 2017
Akinwunmi Ambode, Lagos State governor, has said that his administration would prioritise attention to the power, environment and transportation sectors in the next two years to drive all round development of the state, adding that Lagos is open to assist and learn from other states. Ambode, who spoke during an interview session with journalists, said […]