Business Hilights

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Business Hilights

Merger of Customs, FIRS imminent–Report

If the recommendations of the National Tax Policy Review Committee are anything to go by, indications are rife that the Federal Government will merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). This, according to the Committee,…

NCAA, Emirates, others to meet over naira rejection for airfare

Following the rejection of Nigerian Naira by Emirates Airline for air fare payments for a flight from Lagos to Brazil on Monday night, the Nigerian Civil Aviation Authority (NCAA) has concluded plans to meet with foreign airlines operating in the…

We don’t get 60% forex, MAN tells CBN, seeks sale of assets

The Manufacturers Association of Nigeria (MAN) has disclosed that barley two weeks after the Central Bank of Nigeria (CBN) said foreign exchange allocation to the real sector would be increased to 60 per cent, banking are not complying with the…

Transport

Resuscitate Warri port, Olu of Warri charges NIMASA DG

The Olu of Warri, Ogiame Ikenwoli Emiko has appealed to the Nigerian Maritime Administration and Safety Agency, (NIMASA) to facilitate the effective utilisation of the Warri Port and the Koko Port with a view to reviving the economic activities in…

Transport

We are Strengthening Zonal Operations to Enhance Efficiency – Dr. Peterside

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has expressed the Agency’s determination to strengthen its Zonal operations to become the centre of the Agency’s activities. By so doing the Agency plans to…

Banking/Investments

Budget Padding: Twist as Reps Suspend Jibrin For 180 Days

The House of Representatives on Wednesday suspended the immediate former Chairman, Committee on Appropriation, Abdulmumin Jibrin, for 180 legislative days following the adoption of the recommendations of the Nicholas Ossai-led Ethics and Privileges Committee. The Committee laid the report earlier…

ICT

BlackBerry seals Joint Venture Deal with BB Merah Putih, ends device manufacture

BlackBerry Limited, a global software leader in securing, connecting and mobilizing enterprises, announced an agreement with newly formed joint venture PT BB Merah Putih to license BlackBerry software and services for the production of handsets for the Indonesian market.This partnership…

ICT

MTN replies Melaye, Denies Illegal Transfer of $14 Billion from Nigeria

South African telecoms giant MTN on Wednesday denied an allegation that it had illegally repatriated $13.92 billion from Nigeria, saying the claim was without merit. Senator Dino Melaye had at plenary on Tuesday, opened up the allegation, fingering a senior…

ICT

ATCON Points Way forward on Local Content in Telecoms sector

The Association of Telecommunications Companies of Nigeria (ATCON), yesterday in Lagos gave panacea to the best way to deepen local participation in the growing telecoms industry in Nigeria. It his presentation at a one summit put together by the Nigerian…

ICT

Tecno Mobile Releases Phantom 6 & Phantom 6 Plus

Mobile technology giant, TECNO has Telecoms launched its flagship devices the Phantom 6 and Phantom 6 Plus, in one of the most beautiful venues in the world, the prestigious Armani Hotel located in Burj Khalifa, Dubai. Before now, the dynamic…