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Monthly Archives: August 2017

DPF: Is NCC really practicing the governance code it handed to operators?

NCC head office, Abuja

In the first instance, Data price Floor (DPF) is the official minimum price set by a telecom regulator to drive healthy competition and protect either new entrants or smaller operators so as to limit chances of monopoly and poor quality of service. Earlier this week, the telecoms regulator, the Nigerian Communications Commission (NCC), in Lagos addressed industry stakeholders on the ...

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NITDA named ‘Outstanding Government Agency of the Year’


Lead controlling parastatal for the federal government on issues of ICT, the National Information Technology Development Agency (NITDA) has won the Outstanding Government Agency of the year Award. In the recently organized Titan of Technology Awards, an annual event organized by Technology Africa, NITDA picked the award based on its resilience in driving technology development in the country. Mrs. Tarelisa ...

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Heritage Bank in trouble as FG begins audit of TSA remittances by banks

Kemi Adeosun

Indication has emerged that even though the federal government recently sought and got out of court settlement in a suit it instituted against seven banks over their alleged infractions in their compliance to the Treasury Single Account (TSA), it has made a U-Turn to begin an independent audit to ascertain true compliance. TSA, a platform which was used by the ...

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Nigerians pay average of six bribes in one year, one in 2 months—NBS

NBS kale

Apart from revealing that a total of N400bn was received in bribes by public officials within a period of one year, the National Bureau of Statistics (NBS), in its latest National Corruption Report (NCR), averred that bribe payers in Nigeria pay an average of six bribes in one year, or one bribe every two months. The new report, released in ...

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Dangote shares N850m in compensation for refinery land owners

Dangote meeting

As part of compliance for extant laws, Dangote Group has commenced the disbursement of more than N850m as compensation to land owners affected by its sugar refinery project in Tunga, Awe Local Government Area of Nasarawa State. Business Hilights gathered that the site, a 60,000 hectare, was acquired by the group for the construction of the refinery. Deputy Governor of ...

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How Nigeria’s auto policy is frustrating IVM, prospective investors


…Now prices of new cars up 200% That prices of brand new vehicles sold in Nigeria have risen by more than 200 per cent since 2014 to date, and now out of the reach most individuals and corporate buyers is no more news. Rather, the recurring news is that since the introduction of the auto policy, there has been no ...

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FG hands over State House Marina to Lagos, silent on other decaying assets


It was dream come true in Lagos on Thursday, as months of delayed promise by the presidency to release the State House, Marina, to Lagos State, both parties signed a Memorandum of Understanding (MoU) formally ceding the House to Lagos State Government. Other hanging dreams include the handing over of other federal buildings including federal secretariat, and Communications House both ...

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Customs FOU, Owerri hits sumgglers, seizes used tyres, other banned items worth N207m

NCS Owerri Amajam

Officers and men of the Nigeria Customs Service (FOU), Federal Operations Unit Zone ‘C’ Owerri has stepped up monitoring and compliance on war against smuggling and recorded strides while carrying out its operations. The Comptroller FOU ‘C’ Owerri, Amajam Bukar who made this known in a press briefing on the successes of anti-smuggling operations in the Zone, said the Unit ...

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More trapped Nigerians arrive from Libya, 135 lands in Lagos after 127 last week

Libya 140-returnees

After about 85 Nigerians on voluntary and some criminal issues were repatriated back to Nigeria last week, Libyan authorities on Thursday repatriated 135 Nigerian migrants. This set includes women and children, who had made failed attempts to cross the Mediterranean to Europe, an official said. On arrival, Hosni Abu Ayanah of the Libyan government immigration agency tackling illegal migration said ...

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Cyber attack to cost Maersk Line over $300m in Q4 for final cleanup

Maersk Nigeria Limited

Indications have emerged showing that the Danish-based A.P. Moller – Maersk, is yet to fully recover from the cyber attack that hit it on June 27. This is based on the revelation that the attack may still cost the company’s business performance by up to USD 300-million in the upcoming quarter. Maersk group’s CEO Søren Skou said “Business volumes were ...

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