Nigeria’s tax structure squeezing investors,’ silent on consumers—LCCI decries
The leadership of the Lagos Chamber of Commerce and Industry (LCCI), has again, called for a total restructuring of the nation’s tax system to give breathing space for manufacturers and production entities. In an agenda setting document for the Federal…
Gas-to-power scheme for industries best for economic diversification—NGA boss
President of the National Gas Association (NGA), Mrs Audrey Joe Ezigbo, has argued that the gas sector can drive Nigeria’s diversification agenda if government is deliberate about the gas-to-power initiative, especially for industries. Explaining more in an interview on the…
Jumia Report on 4G forces NCC to mull fresh Internet Industry Code of Practice
Barely few days after leading online marketing conglomerate, Jumia launched its latest Mobile Report 2019, revealing infinitesimal penetration of 4G LTE in the country; the Nigerian Communications Commission (NCC) has signalled readiness to establish “Internet Industry Code of Practice”. Though…
Ivory Coast seals DSO deal with SES ahead of meeting 2020 deadline
Ivory Coast’s public broadcasting company, the Société Ivoirienne de Télédiffusion (SIDT) has selected SES as its digital partner in a major move to meet the country’s 2020 deadline for Digital Switch Over (DSO) from analogue to digital broadcasting. Under this…
Non involvement of shippers’ casts doubts on NIWA, NEXIM, Sealink deal
Leading indigenous shipping companies have received the recent Memorandum of Understanding between the Nigeria Export Import Bank (NEXIM Bank), National Inland Waterways Authority (NIWA) and Sealink Promotional Company Ltd with mixed feelings. Some of them that barred their minds, said…
Nigeria, Ghana seal pact on sharing aviation search, rescue information
As part of deepening regional aviation intelligence and safety, the Nigerian Airspace Management Agency (NAMA) and the Ghana Civil Aviation Authority (GCAA), have sealed an agreement to drive cross-border joint search and rescue exercise in air traffic-related emergencies. In his…
Forex rate multiplicity inimical to sustainable economic diversification—LCCI
Lagos Chamber of Commerce and Industry (LCCI), has joined the league of business groups calling for end to the current multiplicity of rates for foreign exchange in Nigeria, saying, “The current multiplicity of rates is inimical to sustainable economic diversification.”…
Atiku, PDP see delay tactics, seek immediate replacement of tribunal chair
Following observed delays in the replacement of the self-recused chairman of the Presidential Election Petition Tribunal, Justice Zainab Bulkachuwa, the presidential candidate of the Peoples Democratic Party, PDP, in the 2019 presidential election, Alhaji Atiku Abubakar, has petitioned the Court…
SEC ambushes Oando’s court action plot, appoints interim management team
Just as strong indication emerged weekend that the embattled management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit at a competent court of jurisdiction from today (Monday), the…
Honeywell: Ecobank erred to already sealed understanding—Court rules
A Federal High Court in Lagos, last week ruled that Honeywell’s payment of N3.5 Billion between 2013 and 2014 constitutes the full and final settlement of its indebtedness to Ecobank Nigeria Limited. Trouble had started in August 2015, when two…
