Business

MTN met deadline to respond to $2 billion Nigerian tax demand –judge

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A Nigerian judge ruled on Tuesday that South African telecoms firm MTN had met a deadline to respond to a $2 billion tax demand from the country’s attorney general. Reuters

Isaac Umunna

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Nnamdi Azikiwe International Airport records 3.36m passengers in 9 months

Isaac Umunna

The Federal Airports Authority of Nigeria (FAAN), says a total of 3.36 million passengers traveled through the Nnamdi Azikiwe International Airport (NAIA), Abuja between January and September. FAAN disclosed this in its 2018 Passengers Traffic Statistics obtained by the News Agency of Nigeria (NAN), on Tuesday in Abuja. The report showed that a total of […]
Business

ABIA: 100 bank accounts allegedly traced to former governor’s son

Isaac Umunna

A former governor of Abia State, Senator Theodore Orji, is under investigation by the Economic and Financial Crimes Commission (EFCC) over billions of Naira allegedly traced to his son. Orji is also accused of diverting, while in office, N383 billion revenue from the Federation Account, N55 billion Excess Crude revenue, N2.3 billion Sure-P revenue, N1.8 […]
Business

Uncertainty still surrounds FID on $4.3bn NLNG Train 7

Isaac Umunna

Eight months after the signing of the Front End Engineering Design contract for Train 7 of the Nigeria LNG Limited, there is still uncertainty as to when the shareholders will take the final investment decision on the project. The Nigeria National Petroleum Corporation, which is one of the shareholders, said in July last year that […]