A Lagos judge on Tuesday adjourned a hearing in a $10.1-billion dispute between South African telecoms firm MTN Group and Nigeria’s central bank until Dec 4. The central bank has accused the firm of illegally sending $8.1 billion abroad, and the Nigerian government has demanded $2 billion in related taxes from MTN. MTN, which makes […]
By Foster Obi Managing Director Nigerian Port Authority (NPA), Hadiza Bala Usman has reiterated the total commitment of the Authority to achieve the ISO 9001 & OHSAS 18001 certification and compliant especially in its Harbours Services, with a view to accelerating efficiency in the system. She has therefore issued a 90 (Ninety) day marching orders […]
The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings of companies. Gains by 17 stocks, including market leader, Dangote Cement Plc, Zenith Bank Plc, Guaranty Trust Bank Plc and Stanbic IBTC Holdings Plc, lifted the market capitalisation by N105 billion to N12.119 […]
An emergency meeting of the Nigerian Governors Forum is scheduled for Tuesday, October 30, 2018, to discuss the new national minimum wage. This was disclosed by Abdulaziz Yari, Governor of Zamfara State on Tuesday, after a meeting of the Economic Management Team, which had Vice-President Yemi Osinbajo in attendance. According to NAN, Yari spoke after […]
No governing board of a Federal agency or parastatal has the power to remove the chief executive appointed by the President, the secretary to the Government of the Federation, Boss Mustapha declared today. The declaration came amidst controversy over the suspension of the executive secretary of the National Health Insurance Scheme (NHIS). The board may […]
Exposure to toxic air both indoors and out kills some 600,000 children under the age of 15 each year, the World Health Organisation (WHO) warned Monday. Data from the UN health body shows that every day, 93 percent of children under the age of 15 — a full 1.8 billion youngsters, including 630 million under […]
The European Union Naval Force says they have blown up an abandoned boat from which pirates had attempted to hijack a Hong Kong-flagged ship on the Indian Ocean. Suspected pirates shot at the bulk carrier earlier this month but the attack was unsuccessful. The force says the boat was destroyed to deter further attacks. A […]
MTN Group, Africa’s biggest mobile operator, reported a 1.1 percent rise in quarterly user base on Monday, helped partly by strong performances in Nigeria, its largest but increasingly problematic market. The company said its user base increased by 2.5 million subscribers to 225.4 million users in the quarter ended September, and mobile money customers grew […]
Huge cost of servicing new loans amid poor revenue informed the Federal Government’s decision to dispose of 10 state-owned assets to select investors and the public between now and year end, in order to fund the 2018 fiscal plan.This clarification was given by the Minister of Finance, Mrs. Zainab Ahmed, and her counterpart in the […]
Worried by the alarming level of charlatans and quacks in the medical profession, the Nigeria Medical Association (NMA) has appealed to the police for a rescue. NMA also appealed to other security agencies to assist in its efforts to curb quackery in the medical practice. Dr Tunji Omotayo, Chairman, NMA, Ekiti chapter, made the appeal […]