Business
Customs commences vehicles duty verification today, as NLC, Senate kicks against the exercise
The Nigerian Customs Service will today commence the verification of all vehicles in the country, with the aim of ensuring payment of duties on the vehicles, irrespective of how old they are. Even as the Nigerian labour Congress (NLC) has kicked against the exercise. In a circular released early this…
Read More »N377bn Debt: NCC, CBN and 13 banks meet to save Etisalat from closure
The Nigerian Communications Commission (NCC), Central Bank of Nigeria (CBN) and 13 Nigerian banks will be meeting today over Etisalat Communications N377 billion debt. NCC said in a statement on Thursday that the meeting will be focused on how to restructure the telcos debts. Director of Public Affairs of NCC,…
Read More »Anambra approves N115.5b budget
Anambra House of Assembly has passed the 2017 Appropriation Bill of N115.5 billion. The House, which passed the bill in Awka on Tuesday, added that the budget would ensure quality service delivery and more democratic dividends for the people of the state. Gov. Willie Obiano sent the bill to the…
Read More »Staff verification: Benue weeds 6,500 fake workers, saves more than N200m
The Benue State Government staff verification exercise has brought to the light about 6,500 fake workers in the state’s 23 local Government Area (LGAs). Titus Zam, Special Adviser to Governor Samuel Ortom on Bureau for Local Government and Chieftaincy Affairs, who made the disclosure at an accountability press briefing on…
Read More »12 arrested for selling new Naira notes to party goers
12 women have been arrested for selling new Naira notes to party goers at an event in Lagos. The women were arrested during a raid by officials of CBN and operatives of the State Criminal Investigation and Intelligence Department (SCIID), Panti, Yaba. According to Govt officials, their action contravenes section…
Read More »3 million Nigerian investors lose N18b in MMM
About three million Nigerian investors have reportedly lost N18 billion in the collapsed Popular Phonzi scheme, Mavrodi Mundial Movement (MMM), the Nigerian Deposit Insurance Corporation (NDIC) said on Thursday. Alhaji Umaru Ibrahim, the Managing Director of NDIC said at the 38th Kaduna International Trade Fair organised by the Kaduna Chambers…
Read More »Fidelity Bank threaten debtors Â
Customers of Fidelity Bank who refused to pay their loans have been threatened with court cases. The bank said on Thursday it will challenge in court any of its customers that failed to repay loans given to him. The Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo, who made the…
Read More »Mass sack looms in Arik
There are fears of a looming mass sack in Arik Air, following the takeover of operations of the Africa’s and Nigeria’s biggest airline Asset Management Corporation of Nigeria (AMCON) The airline which used to operate about 120 flights a day now manages to operate less than 30. Daily Trust reported…
Read More »ICT: No basis to compare Nigeria with other countries says Minister
Those who are comparing Nigeria with the European countries in terms of Information Communication Technology (ICT) development may not be fair to the country, because of the times at which they venture into ICT. Minister of Communications, Adebayo Shittu said that Nigeria and others was not expected to progress at…
Read More »FEC approves N701b payment for GENCOs
The Federal Executive Council (FEC) on Wednesday approved a payment guarantee assurance by the CBN for power generating companies (GENCOS) to solve liquidity problems in the energy sector. The Minister of Works, Power and Housing, Mr Babatunde Fashola, who announced this to State House Correspondents, said the CBN would hold…
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