NCC mulls another round of heavy fines on MNOs over SIM breaches
More reasons why the telecoms regulator, the Nigerian Communications Commission (NCC) is set to wield the big stick on defiant Mobile Network Operators (MNOs) over continued service access of unregistered SIM cards on their systems have emerged. The Chief of…
Former MTN Nigeria CFO, Bing joins Terragon Group’s board
The Board of Directors of Terragon Group has announced the appointment of Mr. Andrew Bing, former Chief Financial Officer of MTN Nigeria, as an independent non-executive director (NED) at the last board meeting which was held in London. Bing joins…
AfDB refutes calling off loans to Nigeria, says it supports ERGP
Barely 24 hours after it was widely reported that African Development Bank (AfDB) has called off delivery of $400m loan to Nigeria, the bank has refuted the news first broken by Reuters, saying it strongly supports Nigerian Government’s economic recovery…
IMF traces weak economic growth in Nigeria, S’Africa to political risks
More facts have emerged on why several frantic efforts so far made by the present administrations in Africa’s largest economies to attract credible deep pocket foreign investors have failed to yield results. The International Monetary Fund (IMF), earlier in the…
Only technology can capture SMEs into Nigerian tax basket—IMF
The International Monetary Fund (IMF) has argued that beyond tax reforms targeting mega businesses, “Another way Nigeria’s Federal and State Governments could enhance compliance is by encouraging businesses of all sizes to use technology to streamline capturing of transactions and…
Customs adopts WCO idea, introduces AEO in cargo clearance
Poised to sanitise cargo clearance procedure, safety and security of imported goods into the country, the Nigerian Customs Service (NCS) has given an indication that it will adopt Authorized Economic Operators (AEO) in port operations. AEO is a programme introduced…
Now it’s clear that 2013 Auto Policy is not working, review it—LCCI
The leadership of Lagos Chamber of Commerce and Industry (LCCI), has called on the federal government to quickly review the 2013 Auto Policy which raised tariff on imported cars from 20 per cent to 70 per cent to grow local…
Why FG exported $195m maritime security job to Israel
The Minister of Transportation, Rotimi Ameachi has explained the nature of the maritime security and surveillance agreement sealed with an unnamed Israeli firm. In an interview in Lagos, he said government has approved the security contract valued at $195 million…
Refinancing local loans with foreign facility’ll kill forex—IMF
The International Monetary Fund (IMF) has warned the federal government any attempt to refinance local debts with low interest foreign facility will expose the economy to exchange rate risks. Already, the economy has been suffering forex crisis since the last…
Investment requests by IOCs now in excess of $15bn
Investment requests by multinational oil firms seeking to invest in Nigeria’s oil and gas sector are currently in excess of $15bn. This is the revelation of the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, adding that fresh plans…
