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Monthly Archives: January 2017

Just in: Intercepted 661 pump-action guns, left Apapa port without Customs due checks

Customs impounds arms

It was shock of the century for some Nigerians who saw the displayed cartons and some of the impounded American made Pump-Action riffle guns number 661 at the Lagos State Command of the Nigeria Customs Service (NCS) on Monday. Eagle-eyed monitoring and enforcement unit of the Service intercepted a Mack truck along the Mile 2 Apapa Road containing 49 boxes ...

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Just in: Bharti Airtel denies plans to exit Ghana, other 14 African economies


Emerging conglomerate, Airtel Africa, a leading telecommunications company with operations in 15 countries across Africa, has refuted speculative media reports erroneously stating its possible exit from Africa. The organization has reaffirmed that it remains committed to Africa and will continue to invest in its operations to grow sustainably in Africa. It would be recalled that there were reports by Bloomberg ...

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NCC aware of subscribers challenges over QoS, warns networks

NCC Danbatta

Rising from a recent Consumer Town Hall meeting held in Oye, Ekiti, where subscribers voiced their anger in dwindling Quality of Service (QoS), the Nigerian Communications Commission (NCC) has once again warned networks to rise to the challenge of provisioning or be sanctioned accordingly. Agreeing that it was aware of the frustrations faced by Nigerians in accessing services, NCC said ...

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Etisalat steps up CSR, donates items to Gbagada General Hospital, Lagos

Nigeria’s most innovative and customer friendly telecommunications company, Etisalat Nigeria, has again affirmed its commitment to the development of the Nigerian health sector with the donation of computers to General Hospital, Gbagada,Lagos. Speaking at the handover ceremony, Director, Regulatory and CSR, Etisalat Nigeria, Ikenna Ikeme, said the move was in furtherance of the company’s commitment to continuously support efforts that ...

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New Ghana national ID scheme’ll harmonise all database—-VP

The newly inaugurated President of Ghana, Nana Akufo-Ado has kicked off strategic schemes that will drive development planning for the country. Among the first steps is the take off of national Identity Card project, a top electoral promises during his campaign to build a database of Ghanaians and other nationals’ resident in Ghana. The Ghana News Agency (GNA) reports in ...

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As ex-depot price rises above N139, petrol at N145 per litre no more feasible—Marketers

Another round of fuel price hike related confusion is about to rout the nation as investigations at several depots discharging Premium Motor Spirit (PMS) at Ibru Jetty Apapa Monday revealed that ex-depot price has left the official range between N123.28k to N133.28k and shut to N142. The summary of this according to marketers who spoke to Business Hilights is that ...

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How forex round-tripping landed some banks in CBN’s net

CBn Emefiele

For serious infractions stemming from round-tripping, manipulating foreign exchange (forex) transaction rates and related financial crimes around forex by some banks, the Central Bank of Nigeria (CBN) has queried the affected banks. Build up to the query revealed that the apex bank had detected the rate manipulations following the mandatory rendition of forex returns and compliance with anti-money laundering regulations. ...

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How FCMB’s e-Savings Account stood out of the crowd in driving inclusion

FCMB logo

Taking a look at e-saving accounts across the Nigerian banking industry, it is important to understand that the key reason why the system is expanding is because of the inherent flexibility in service access and stress-free service delivery by the products. But, a cursory look at the platform show that the First City Monument Bank’s (FCMB), e-Savings Account is loaded ...

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Dangote expands coast, plans investment in Zambian energy, agriculture


Indications have emerged that Aliko Dangote has the desire to further consolidate his existing investments in Zambia and other African countries by venturing into energy and agricultural sectors. Dangote currently runs a cement factory in Zambia, which employs hundreds of the citizens of the host country. Zambia’s natural advantage in the export market is the readily available captive market that ...

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‘Compel mall developers’ to sell Nigerian alternatives to foreign fruits’

An indication has emerged revealing that the visibility of foreign agricultural products especially fruits in new and oil mega shopping malls, thus threatening the ongoing agriculture driven diversification of the ailing economy. Some of the leading fruits found in all the malls include orange, banana, mango, pawpaw and even pineapples. Explaining the dangers of the trend in an interview, Mallam ...

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