From WLF to TVT, LASG set to milk vehicle importers with new tax
Fresh indications have emerged on why the Lagos State Government (LASG) is struggling to be developing seaports here and there. The target is simply; to continue to make money through imposition of all manner of taxes on imports without recourse…
Just in: MTN Plc Q1-23 shows 3.8% y/y increase in EPS to N4.94
Continental giant in telecoms, MTN Nigeria Communications Plc (MTNN) released its Q1-23 unaudited results this morning (Thursday, April 27, 2023), showing a 3.8% y/y increase in EPS to NGN4.94. The growth in earnings was driven mainly by the robust expansion…
NCDMB, IOCs To Grow Orbit Galvanizing Plant
Pursuant to its official mandate and efforts of the Nigerian Content Development and Monitoring Board (NCDMB) to support the development of in-country capacities that would serve the Nigerian oil and gas industry and allied sectors, the Executive Secretary, Engr. Simbi…
NITDA seeks Development of International Cyber-Norms
The need for robust cyber-norms and confidence-building measures has become a pressing issue, therefore global leaders from governments, international organisations, and cybersecurity experts gathered at International Conference on Cyber Diplomacy (ICCD), organised by Cyber Diplomacy Center, Bucharest, Romania. Otherwise, as…
Inter-agency synergy critical to Maritime security—NIMASA DG
The Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Bashir Jamoh, OFR has stated that inter-agency collaboration is critical to sustaining the efforts to curb criminal activities in the Nigerian waters and the Gulf of Guinea…
At first 100 days, Emechebe reechoes Sanwo-Olu’s promises to ASPMDA
The President of the largest auto trading centre in sub-Saharan Africa, Auto Spare Parts and Machinery Dealers Association (ASPMDA), Hon. Ngozi Emechebe, Wednesday April 26, 2023, marked his 100 days in office at the Lagos International Trade Fair complex. Addressing…
CBN’s naira redesign policy worsened the informal sector—UN Report
Fresh revelations have emerged from the recent currency abracadabra carelessly stage-managed by the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele in the name of currency redesign policy which did not only fail, but pushed the ailing economy further…
FG seals $15bn MoU for railway link of NDDC States
The Ministry of Niger Delta Affairs, has signed a deal with a United States (US) based firm, Atlanta Global Resources Inc, for the construction of a $15 billion rail project that will stretch across the oil-producing states in the country….
Openness, Fresh Master Plan Vital For Niger Delta Development- Wabote
The need for openness, prudent management of financial resources, and deployment of a new master plan are some of the strategies that would attract the private sector to support the Niger Delta Development Commission (NDDC) and return the agency to…
2022: Lagos leads in States active phone users list as subscribers hit 222.6m
Lagos State has continued to dominate the rant of being the state with the highest number of active telephone lines year-on-year. According to the National Bureau of Statistics (NBS), as of the end of 2022, whereas there were 222.6 million…
