Business Slider 

NCC sets fresh operational fees, spectrum prices for telecom operators

The Nigerian Communications Commission has set up an annual operating regulatory levy to ensure that all licencees are properly and equitably assessed to meet statutory and regulatory expectations. This was disclosed by Prof. Umar Danbatta, Executive Vice-Chairman of the Nigerian Communications Commission, during the Public Inquiry on two regulatory instruments draft held on Thursday in Abuja. Danbatta explained that the two key regulatory instruments were tailored to meet the challenges and to further strengthen the market structure of the industry. The instruments are: Annual Operating Regulations and the Frequency Spectrum…

Read More
Business Slider 

Nigeria, Cote D’ Ivoire to strengthen maritime trade- NPA MD

The Nigerian Ports Authourity on Thursday expressed its readiness to strengthen relations with the Republic of Cote d’Ivoire in the areas of port and shipping operations. Mohammed Bello-Koko, Acting Managing Director of NPA, stated this in a statement signed by Mr Olaseni Alakija, NPA’s General Manager, Corporate and Strategic Communications, in Lagos. Bello-Koko made the statement when he received a delegation from the Republic of Cote d’Ivoire, who paid him a courtesy visit at the NPA corporate headquarters in Marina, Lagos. He said the relations would focus more on strengthening…

Read More
Business Slider Uncategorized 

Forex: CBN urged to exercise caution on BDCs ban

Financial Expert, Mr Okechukwu Unegbu, has urged the Central Bank  of Nigeria (CBN) to be cautious of its recent “blanket’’  ban placed  on Bureau de Change (BDC) operators from foreign exchange (forex) trading. Unegbu, a past President of the Chattered Institute of Bankers of Nigeria (CIBN), made the call in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. He said that the ban would create some challenges in the market as commercial banks might not be able to meet the forex demands of importers. According to…

Read More
Business Slider 

We’ll make our seaports world class – NPA boss

Mr Mohammed Bello-Koko, Managing Director, Nigerian Ports Authority (NPA), said the Authority would apply international standards and best practices in handling ships and cargoes at the country’s seaports. He said this in a statement on Tuesday in Lagos signed by Mr Olaseni Alakija, General Manager, Corporate & Strategic Communications, NPA. Bello-Koko made the remark while addressing members of the Senate Committee on Privatisation and Commercialisation led by Senator Theodore Orji, on a oversight visit to the NPA. According to Bello-Koko, the Authority has created an enabling environment for a well-structured…

Read More
Business Slider 

Dangote Emerges Nigeria’s Most Impactful Local content Company of the Year 

For its strict adherence to the local content policy of the federal government,  Dangote Oil Refinery has been awarded the National Oil Company of the year with the most impactful Local Content Development initiative and opportunity presenter in the downstream sub-sector of the oil and gas industry in Nigeria. The award was presented to the company virtually at the 2021 edition of the Nigerian Oil and Gas Opportunity Fair (NOGOF) with the theme: “Leveraging Opportunities & Synergies for Post Pandemic Recovery of The Nigerian Oil & Gas Industry,” held in…

Read More
Business Slider 

Overland Airways Dismisses Reports Of Plane Crash In Ilorin

Overland Airways has dismiss  reports that one of its flights crashed in Ilorin, Kwara State capital and passengers escaped death. In a statement, the airways said: “Our attention has been drawn to malicious use of Overland Airways photograph in a report by The Nation Newspaper online depicting that Overland Airways aircraft was involved in an accident at Ilorin airport on Friday, July 23rd 2021, irrespective of the fact that the report also stated that the incident involved a different airline. “We want to state clearly that Overland Airways was not…

Read More
Business Slider 

FIRS, SystemSpecs Partner to Ease Tax Remittances via TaxPro-Max Platform

As part of efforts to simplify tax remittances in Nigeria, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS) to strengthen tax administration through its Remita Payment Gateway which powers payments on TaxPro-Max, a solution newly introduced for filing tax returns. The Remita Payment Gateway platform for private sector and government payments, has been integrated with the FIRS’s new TaxPro Max e-filling platform to automate tax filing, enable hassle-free registration, ease tax payments as well as provide a single-view of transaction records. Tax Payers can now register online at www.taxpromax.firs.gov.ng or visit the FIRS tax office nearest…

Read More
Business Slider 

48yrs Jail For 10 Pirates Means Victory For Maritime Industry – Jamoh  

A Federal High Court sitting in Lagos on Friday sentenced ten (10) pirates to a total of 48 years each in prison under the Suppression of Piracy and Other Maritime Offences, SPOMO ACT, for hijacking a Chinese fishing vessel, FV Hai Lu Feng II, in May 2020. Justice Ayokunle Faji convicted the defendants 12 years each on all four counts as charged. The 48 years imprisonment is however to run concurrently. In addition to each of the convicts spending 12 years behind bars, they would also pay a cumulative fine of N10m. The convicts, who reside in Nigeria,…

Read More
Business Slider 

Market formation framework, driver to optimally develop solid mineral sector- Sekibo 

The Managing Director, Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has said that market formation framework is the key to optimally exploit Nigeria’s precious metal and solid minerals endowments. He disclosed this during a webinar organised by the Securities and Exchange Commission (SEC) in collaboration with the Federal Ministry of Mines and Steel Development with the theme, “Financing the Solid Minerals Sector through the Capital Market and the Critical Role of Commodity Exchanges.” Sekibo explained that a fully established market formation process that would lead to having a…

Read More
Business Slider 

21 ships discharge petroleum products, others at Lagos ports – NPA

The Nigerian Ports Authority (NPA) said 21 ships at the Lagos ports were discharging bulk wheat, general cargo, frozen fish, container, bulk salt, bulk soya, petrol and butane gas. The NPA disclosed this in its publication, ‘Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos on Tuesday. The NPA said it was also expecting 20 other laden with petroleum products, food items and other goods from July 20 to 30. According to it, the ships are expected to arrive at the…

Read More