Telcos renew push for tariff hike, others Mobile network operators (MNOs) have renewed the push to hike the end-user tariff of telecom services in the country, citing high cost of doing business. They urged President Bola Tinubu to cancel the recently suspended 7.5 per cent Value Added Tax (VAT) imposed[Read More…]
NUPRC introduces advanced cargo declaration to curb oil thieft The Nigerian Upstream Regulatory Commission (NUPRC) has introduced an Advanced Cargo Declaration regime in upstream petroleum operations to curb the incessant oil thieft. The commission also announced plans to reactivate shut-in wells as part of initiatives to increase oil and[Read More…]
Heirs Insurance Group unveils digital centre Heirs Insurance Group has announced the launch of Nigeria’s first-ever digital insurance centre – the Heirs Insurance Experience Centre. Based in Transcorp Hilton, Abuja, the centre provides one-stop shop for the group’s products and services. The centre features an interactive screen, enabling users[Read More…]
SON urged to check sub-standard steel The House of Representatives has urged the Standards Organisation of Nigeria (SON) to check the proliferation of sub-standard steel production. It called on SON to commence massive enforcement of its mandate to prosecute anyone dealing in sub-standard steel products to face the law[Read More…]
Air Peace clarifies international operations’ status Air Peace at the weekend offered clarifications on the status of its international flights, saying it has enlisted in the global airlines’ clearing house: the International Air Transport Association (IATA), with the requisite equipment and personnel to discharge such international service. The carrier stated[Read More…]
Nigerian Exchange appoints New Chairman, Ahonsi Unuigbe Nigerian Exchange Limited (NGX) has appointed Mr. Ahonsi Unuigbe as its new Board Chairman, effective 27 September 2023, following the retirement of Mr. Abubakar Mahmoud. The shareholders of NGX also approved the appointment of Mr. Jude Chiemeka as Executive Director, and[Read More…]
FG to fund 53 road projects with N150b Sukuk bond The Federal Government has said that it will deploy the N150 billion that would be raised from the ongoing Sukuk bond issue to fund the construction of 53 road projects across the country. This was even as it[Read More…]
USAID organises roadshow to introduce American investors to opportunities in Nigeria The United States Government, in partnership with the U.S. Agency for International Development (USAID) Mission in Nigeria and the U.S. Prosper Africa and Power Africa initiatives, is organizing a roadshow scheduled from October 9 to 13 to introduce[Read More…]
Africa will earn over $70bn from internal trading – AfCFTA The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance. The Chief of Staff of the AfCFTA Secretariat, Silver Ojakol, made the assertion at the 2023 Regional Integration Issues Forum[Read More…]
Kerosene prices rise by 57.18% in August — NBS Household kerosene prices surged by 57.18 per cent, reaching N1,272.40 per litre in August, according to the National Bureau of Statistics. The NBS’ National Household Kerosene Price Watch report noted that this sharp increase from last year’s N809.52 in August 2022[Read More…]
