Business Hilights

Tracking Nigeria's Headline Business News Online

Day: September 16, 2019

NCC MNP rates
ICT

MTN lost more subscribers in 2018 to porting than other networks—NCC

…As network leads in 4G uptake, outgoing mobile to international traffic Whereas the 2018 Subscribers/Network Data Report on Mobile Number Portability (MNP) showed that 9Mobile had the highest count of port-in subscribers, on port-out, MTN had the highest number of…

How Customs confuse, lie to Nigerians on rice smuggling statistics at borders

Fresh official complacency and reckless abuse of statistics on rice smuggling by top officials of Nigerian Customs Service (NCS) at the Seme Border since the August 21st border closure made by the Controller, Federal Operations Unit (FOU) Zone ‘A’, Compt….

I completely abandoned maritime sector in my first term—Amaechi confesses

More facts have emerged on why activities in the Nigerian maritime industry were grounded during the first term of President Muhammadu Buhari under the ministership of the former and current Minister of Transportation, Hon. Rotimi Amaechi. This is coming on…

Analysts raise issue that must be resolved ahead of new VAT regime in 2020

Whereas after long speculation surrounding the Value Added Tax (VAT) hike, the Federal Executive Council (FEC) last week approved a 220bps increase in VAT from 5.0% to 7.2%, development economists have started asking questions on the sanity in allowing states…

Am ashamed Nigeria only maritime nation without Single Window port system—Minister

The Minister of Transportation, Hon. Rotimi Amaechi weekend revealed that he has always been ashamed over his country being the only African maritime nation without a Single Window platform for port operations. It was not however, clear if it was…

Ihedioha silent on Dana Air deal with Imo as first Boeing 737 aircraft lands

More than 100 days after being sworn in as Imo State Governor, Rt. Hon. Emeka Ihedioha has maintained silence on the purported air partnership with Dana Air brokered by the former governor, Mr Rochas Okorocha. This is as the carrier…

Energy

NGFCP boss to explain gas flare commercialization to US investors’ in Texas

Fresh strategic opportunity to speak to the gathering of gas flare commercialization investors in the United States of America (USA) has emerged for the Program Manager, Nigeria Gas Flare Commercialization Programme (NGFCP), Mr. Justice Derefaka. This stemmed from the invitation…

Chevron, others join NIMASA in new Gulf of Guinea security initiatives

Chevron Group and other members Oil Companies International Marine Forum (OCIMF), International Association of Independent Tanker Owners (INTERTANKO), International Chamber of Shipping (ICS), and International Association of Dry Cargo Shipowners (INTERCARGO), have jointly thrown their weight behind the emerging collaboration…

PDP decries delays in release of PEPT’s CTC, warns against tampering

The Peoples Democratic Party (PDP) weekend, raised fresh alarm over the undue delay by the Presidential Election Petition Tribunal (PEPT) to release the record of its widely criticized judgment to enable the party and its Presidential candidate, Alhaji Atiku Abubakar,…