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Tag Archives: featured

Can Stakeholders’ Stop NASS in passing CST Bill?


Certainly, the massive drop in oil revenue coupled with dearth of business enabling facilities have crippled government’s income base since the beginning of this administration. The development is now forcing government to scout for taxable entities in an economy that is riddled with multiple taxation but weak harmonization and tax data base. NIGERIA BUSINESS HILIGHTS looks at stakeholders’ and government ...

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OPEC to cut output by 750,000 barrels per day


The Organization of Petroleum Exporting Countries (OPEC) has agreed to cut production by 750,000 barrels a day. The surprise news triggered an immediate spike of more than 5 percent in crude prices, as markets had expected the Algiers meeting to end without agreement. In London benchmark Brent North Sea crude for November delivery rose $2.72 to $48.69, while in New ...

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CBN yet to reveal banks audit report

Considering high speculation on the would-be content of the ongoing stress test on commercial banks by the Central Bank of Nigeria (CBN), the apex bank has warned some segments of the press over misleading reports purporting to reveal decisions taken as a result of the ongoing audit of Nigerian banks. In a statement, CBN confirmed that examiners have concluded their ...

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Merger of Customs, FIRS imminent–Report


If the recommendations of the National Tax Policy Review Committee are anything to go by, indications are rife that the Federal Government will merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). This, according to the Committee, is to sustain accountability and improve revenue generation. Presenting draft of the policy at the Committee’s second stakeholders engagement in ...

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Tecno Mobile Releases Phantom 6 & Phantom 6 Plus

Mobile technology giant, TECNO has Telecoms launched its flagship devices the Phantom 6 and Phantom 6 Plus, in one of the most beautiful venues in the world, the prestigious Armani Hotel located in Burj Khalifa, Dubai. Before now, the dynamic mobile multinational has done well for mobile phone consumers in Africa over the last ten years. Their customized product lines ...

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Nigeria has attained 70% Cabotage compliance level—NIMASA DG

Director General, Nigerian Maritime Administration and Safety Agency, (NIMASA), Dr. Peterside Dakuku has said that cabotage compliance level in the country has risen to 70 percent. The Inland and Coastal Shipping Act, otherwise known as the Cabotage Act, was enacted in 2003 to discourage foreign ships from engaging in trades in Nigerian waters while creating an advantageous ground for indigenous ...

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Reverse airport access gate charge now, NASS orders FAAN

In a motion that was unanimously supported and adopted yesterday, the House of Representatives, has urged the Federal Airports Authority of Nigeria (FAAN) to reverse its decision to increase access gate charge slated to commence on Saturday. The house also mandated its Committee on Aviation to engage the management of FAAN for explanation on the purported increment in the face ...

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Africa now dumping ground for aged aircraft

Chief Executive Officer of South Africa’s Air Traffic Navigation Services, Thabani Mthiyane has said Africa has become a scrap yard for aircraft that have outlasted their utility in Europe. He called on leaders on the continent to assure their presence at the table of decision making. He said during his interview in Accra the irony of the situation is that ...

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Dangote excited over Lagos sweet crude oil wells

Leading investor in Africa and Nigeria in particular, Dangote Group has once again lauded speed currently applied by the Lagos State Government in driving the recent discovery and resumption of oil exploration in the state. Speaking in his office during a visit by the leaders of the League of African Development Students (LEADS), the Group Executive Director of Dangote Industries ...

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SMILE bags 4G LTE African Quality Awards


Plaudits have continued to come the way of pace setting broadband service provider, Smile Communications Nigeria Limited following the reception of an award as the Best Premium Quality Super Fast 4GLTE Mobile Broadband Service Provider of The Year 2016. The award was given to the broadband company by The African Best Quality Achievement Award recently at the Sheraton Lagos Hotel ...

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