FG’s VAIDS only achieved 10% success with huge cost—Fasua
Fresh insights have emerged on the failure of the Federal Government’s success target on Voluntary Assets and Income Declaration Scheme (VAIDS), one of the measures instituted by Muhammadu Buhari administration to improve tax collection. It was brought in via executive…
NCAA gives NCC, MNOs 30-day ultimatum on masts’ Aviation Height Clearance
Chances of pulling down well over 8,000 telecommunication masts and towers are imminent should Main Network Operators (MNOs) and the Nigerian Communications Commission (NCC) fail to comply with the statutory Aviation Height Clearance (AHC) of the Nigerian Civil Aviation Authority…
Facebook switching to 100% renewable energy by 2020
Facebook is developing six solar plants to power its data centres. US-based utility Dominion Energy will add to its portfolio 350MW of solar assets in North Carolina and Virginia that will supply power for the social media giant. The capacity…
Chevron contains Ojumole Well inferno, Commits to Protecting People, Environment
Chevron Nigeria Limited (CNL), operator of the joint venture (JV) between the Nigerian National Petroleum Corporation (NNPC) and CNL (NNPC/CNL JV) confirms that at about 10:00 p.m. on Thursday, April 18, 2019, a fire was observed at the Ojumole Well…
Create favourable tax policies for SMEs—Elumelu tells FG
Leading Africapitalism crusader and chairman of United Bank for Africa (UBA), Tony Elumelu has called on the Federal and State government to create favourable tax policies and regime for Small and Medium Enterprises (SMEs) so that startups can grow to…
Assuming Lagos procured all 820 Mass Transit Buses From Innoson Motors…
Part of the major projects executed by the outgoing Governor Akinwunmi Ambode administration in Lagos State, was the commissioning of 820 Mass transit Buses currently parked at the new Oshodi Transport Interchange. However, it was not clear if the procurement…
Is Lagos getting equivalent of its 70% contribution to Nigeria’s tax revenue?
The recent revelation coming from the summit of the Society of Women in Taxation (SWIT) that 70 per cent of the N5.2 trillion taxes collected in 2018 came from Lagos State alone, has continued to raise questions on a number…
New GSMA report on Nigeria doubts NCC’s 31% broadband penetration, others
Fresh controversy has engulfed the entire statistical figures rolled out by the telecoms regulator, the Nigerian Communications Commission (NCC) earlier in January on Nigeria’s achievement of 30.9% broadband penetration following the latest GSMA report on Nigeria and entire West Africa….
Glo records 400,000 new subscribers to become highest gainers in February
Massive ongoing investments on its network nationwide have earned national telecommunication company, Globacom additional 400,000 new subscribers to emerge the number one network on the gainers’ table in the month of February, 2019. Latest statistics released by the regulator, Nigerian…
States’ facing high de-industrialisation, manufacturing dying, MAN cries out
President of the Manufacturers Association of Nigeria (MAN), Engineer Mansur Ahmed, has made a startling revelation that since the narrow exit from recession, “most states were experiencing high de-industrialisation with almost half of its thriving manufacturing establishments becoming obsolete.” Giving…
