Don't Miss


Latest News

  • Operators await LTE licence auction

    Telecoms operators are waiting for the auction of the operating licences of Long Term Evolution (LTE) of 4G. Chief Executive Officer, Airtel Nigeria, Segun Ogunsanya, said the telco has launched the technology in the country, adding that...

    • Posted May 20, 2013
    • 0
  • Tax evasion: Reps begin probe of 24 banks today

    The House of Representatives has commenced interrogation of officials of 24 banks over tax evasion. The quizzing of the banks on allegations of tax nonremittance holds today at the National Assembly premises. Chairman of the House Committee...

    • Posted May 20, 2013
    • 0
  • FG recovers over N100bn unremitted taxes, as Reps probe NNPC subsidiaries, 23 banks

    Facts emerged at the weekend, that Federal Government has recovered over N100 billion unremitted taxes sequel to the ongoing investigation initiated by the House of Representatives on commercial banks’ tax accrued to the Federal Government. Abdulmumin Jubrin,...

    • Posted May 20, 2013
    • 0
  • AMCON to retire N2tr bonds, refinance another N3.6tr

    Weeks after the call by a call by the International Monetary Fund (IMF) for a wind down of the Asset Management Corporation of Nigeria (AMCON), its management at the weekend announced plans to refinance its initial N5.7...

    • Posted May 20, 2013
    • 0
  • FBN Life partners First Bank over bancassurance

    With the goal to become the biggest retail insurer in the country, FBN Life Assurance Limited, a subsidiary of FBN Holdings Plc, has announced new distribution channels through partnership with First Bank’s over 700 branches nationwide to...

    • Posted May 20, 2013
    • 0
  • NAMA’s automated aeronautical centres ready for test run in October

    Mr Ifeanyi Nwankwo of the Nigerian Airspace Management Agency (NAMA) on Sunday said that the test run of  NAMA’s automated Aeronautical Information Service (AIS) centres in Nigeria, would start in October. Nwankwo, Director, Directorate of Safety Electronics...

    • Posted May 20, 2013
    • 0
  • No management contract with Rivers to operate aircraft – Caverton

    Caverton Helicopters has told  the House of Representative Committee on Aviation, and its counterpart on Justice that they had no management contract with Rivers State government to operate its aircraft and consequently could not have been under...

    • Posted May 20, 2013
    • 0
  • Excess crude account drops to $5.27bn

    The Minister of State for Finance, Mr. Yerima Ngama, has said that the country’s Excess Crude Account (ECA) has dropped to $5.27billion. He made this known after the monthly Federal Accounts Allocation Committee(FAAC) meeting in Abuja. Following...

    • Posted May 20, 2013
    • 0
  • Imposition of 35% import duty on CPO detrimental to industries – Stakeholders

    The recent imposition of 35 percent duty on importation of Crude Palm Oil, CPO, into the country by the federal government is beginning to take a toll on associated food industries, as they have started to experience...

    • Posted May 20, 2013
    • 0
  • Unregistered numbers to go offline on June 30

    Going by NCC directives, unregistered lines would be taken offline from the 1st of July 2013. In essence, what that means is that if your line has not been registered to your home network, service to your SIM...

    • Posted May 19, 2013
    • 0
  • Nigeria, World Bank earmark $659m for erosion control in Nigeria

    Nigeria and the World Bank are to spend 659 million dollars in tackling erosion in 11 states, including Cross River, a World Bank Official said in Calabar on Friday. The Task Team leader of the World Bank...

    • Posted May 19, 2013
    • 0
  • President Jonathan promises free trade zone for South East

    President Goodluck Jonathan has promised to establish a free trade zone in the South East to boost economic activities in the area. Jonathan made the promise at the ground-breaking ceremony of the international wing of the Akanu...

    • Posted May 19, 2013
    • 0
  • Oil firms sue FG over drilling charges

    Three drilling firms on Thursday sued the Nigerian Ports Authority (NPA) challenging charges imposed on them over their activities in the Exclusive Economic Zone (EEZ). The suits instituted before Justice James Tosho of a Federal High Court,...

    • Posted May 19, 2013
    • 0
  • NCS advises LCCI to promote Made-in-Nigeria goods

    Victor Gbemudu, the Zonal Coordinator of Nigeria Customs Service (NCS), Zone `A’, Lagos, has advised the Lagos Chamber of Commerce and Industry (LCCI) to promote Made-in-Nigeria goods at the 2013 Lagos International Trade Fair. The advice was...

    • Posted May 19, 2013
    • 0