ALTON lists impact of prevailing forex regime on telecoms industry
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has once again, opened up on the frustrations facing its members in accessing foreign exchange (forex) since the beginning of the current policy by the Central Bank of Nigeria (CBN), saying…
Naira not as weak, unstable as speculated at parallel market, Emefiele insists
The Governor of the Central Bank of Nigeria (CBN), Dr. Godwin Emefiele has revealed that contrary to the permutations of currency speculators at the parallel market, the Nigerian naira is never as weak as they place it, rather the only…
DMO opens first FGN savings bond today at Nigeria Stock Exchange
The Federal Government of Nigeria Savings Bond (FGNSB) will open today, Monday, March 13, 2017 at the floor of the Nigerian Stock Exchange The opening will serve as window of opportunity for Nigerians to harness the huge benefits derivable from…
Poor accountability, weak capacity spurred use of tax consultants by govts—NTP report
Startling revelations have emerged on why three tiers of governments have been making use of consultants in the collection of taxes. The new report of the National Tax Policy (NTP), which was approved by the Federal Executive Council last month,…
Expert raises issues on Senate, Customs positions on VDT/VEP dichotomy
More stakeholders have continued to join in the trending differences on Vehicles Duty Tariff (VDT)/Valuation ex-factory Price (VEP). This time, former chairman of NAGAFF, Dr. Eugene Nweke has given thought-provoking explanations and questions arising from the controversy. In an addendum…
Investment consultancy firm to fund SMEs in Nigeria, others
Emerging investment and business management consultancy firm operating from Europe, Gradient Consulting Africa (GCA), has set out plans to provide financial access for Small and Medium Scale Enterprises (SMEs) in Nigeria and the entire sub-Saharan Africa. In a statement, founder of,…
2 weeks after presidential directive, IOCs adamant to relocate headquarters to Niger Delta
Barely two week after Acting President, Prof Yemi Osinbajo handed down a presidential directive mandating all International Oil Companies (IOCs) to relocate to their host communities in Niger Delta, undercover investigations in four leading IOCs, (names with held) has not…
EC deepens Africa Renewable Energy Initiative, votes $5bn on energy schemes
As part of its renewed efforts to grow renewable energy initiatives in Africa, the European Commission (EC) has announced its continued support to the African continent by promoting renewables through the Africa Renewable Energy Initiative. The initiative is in line…
Eko Disco sets up taskforce, N1m fine for proven energy theft via meter bypass
Worried by rising cases of electricity theft via connection bypass on prepaid meters in parts of its jurisdiction, the Eko Electricity Distribution Company Plc (EKEDCP) has not only set up a taskforce to deal with defaulters, but has slammed a…
