Customs generates N239bn in Q1 2017

Customs generates N239bn in Q1 2017

The Nigerian Custom Service (NCS) generated a total sum of N239.4billion in the first three months of this year, figures obtained from the Federal Ministry of Finance have revealed. The figure is contained in a document showing activities in the Ministry of Finance in the last two years. According to the document, Customs revenue performanceRead Mo...
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NAFDAC advises exporters to stop embarrassing Nigeria

NAFDAC advises exporters to stop embarrassing Nigeria

The National Agency for Food And Drug Administration and Control (NAFDAC) has advised Nigerian exporters to stop embarrassing the country by obtaining the agency’s certification of products. The Spokesman of NAFDAC, Dr Abubakar Jimoh, gave the advice while f...
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Barkindo welcomes new Saudi prince to OPEC

Barkindo welcomes new Saudi prince to OPEC

Mohammad Barkindo, OPEC secretary-general, has congratulated Mohammed bin Salman Al Saud on his appointment as the new crown prince of the Kingdom of Saudi Arabia. He welcomed the prince toThe post Barkindo welcomes new Saudi prince to OPEC appeared first...
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Startup secures $2.1m funding to offer unlimited wifi in Lagos

Startup secures $2.1m funding to offer unlimited wifi in Lagos

Tizeti and its consumer facing brand, Wifi.com.ng, which offers unlimited, uncapped internet service across Lagos, Nigeria, have announced the closure of a $2.1 million seed funding from international investors. TheThe post Startup secures $2.1m funding to off...
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CBN’s intervention in forex market temporal – Prof. Nwaekeaku

CBN’s intervention in forex market temporal – Prof. Nwaekeaku

Prof. Charles Nwaekeaku of Nassarawa State University, says the Central Bank of Nigeria’s (CBN) interventions in the Foreign Exchange Market (FOREX) is a temporary relief. Nwaekeaku, a lecturer at the Pubic Administration Department, told the News Agency of ...
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Electricity consumers may protest over meters scarcity

Electricity consumers may protest over meters scarcity

Electricity consumers in the  Southwest zone are planning to protest  the failure by the power distribution companies (DisCos) to supply them with meters. A group, Electricity Consumers Mega Forum (ECMF), said the association is relying on the protest to dri...
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Investors to lose N45b unclaimed dividends, shares

Investors to lose N45b unclaimed dividends, shares

About N45 billion unclaimed dividends and millions of shares may be forfeited by investors who used fictitious names and other secret means to buy shares through public offers. The 2005-2008 boom in the capital market witnessed significant increase in public o...
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NIMASA urges review of oil trade policy

The Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA) Dr Dakuku Peterside, has called for the review of oil trade business in the country, saying the Free-on-Board (FoB) policy is causing huge financial losses to the country. FoB is...
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AfDB spends $1.6b on transport, ICT projects

AfDB spends $1.6b on transport, ICT projects

THE African Development Bank (AfDB) has spent $1.6million on transport and Information Communication Technology (ICT) projects, designed to improve the lives of about  20 million Africans in the next few years. This was made known in its Annual Report on Infr...
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Wabba advises workers against hate speeches

Wabba advises workers against hate speeches

The Nigeria Labour Congress (NLC) President Comrade Ayuba Wabba has called on workers not to allow any body or group to use them to disintegrate the country. In an interview,  he said persistent hate speeches tend to threaten the foundation and integrity of t...
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