The Presidency has promised to vigorously implement the new executive orders in its determination to significantly transform the business environment in the country. The spokesman to the Acting President, Prof. Yemi Osinbajo, Mr Laolu Akande, made this known in a statement he issued on Sunday to give update on the new orders signed last Thursday. […]
Ogun Command of Nigeria Customs Service, NCS, has intercepted expired imported Croaker fish, loaded in two buses from the creeks at Idiroko, the border between Nigeria and Republic of Benin. The Command also seized a Mercedes Benz 2015 model S550, a Toyota Corolla 2009 model, Volvo truck and 483 bags of foreign rice along the […]
Kaduna State Internal Revenue Service (KDRIS) has said that it has obtained a court order to seal off the premises of Kaduna Electric and five other companies over failure to pay tax amounting to N216,367,453.64. The Executive Chairman of KDIRS, Muktar Ahmed, made this known during a press briefing on Saturday in Kaduna and explained […]
The Chartered Institute of Bankers of Nigeria (CIBN) says its Ethics and Professionalism Division received 136 petitions with claims that amounted to N27.6 billion from bank customers in 2016. The institute made this known in its 2016 Annual Reports and Accounts signed by the Registrar, Mr Seye Awojobi. The report was released on Saturday in […]
Governor David Umahi of Ebonyi State has challenged banks in Nigeria to create wealth rather than concentrate on acceptance of deposits. Umahi made the call during an interactive meeting with the Financial Inclusion Strategy Implementation team of the Central Bank of Nigeria (CBN) at the Government House, Abakaliki on Thursday. The Governor, who was visibly […]
Acting President Yemi Osinbajo, SAN, has directed the resumption of 24-hour operations at the Apapa Port and outrightly banned touting by officials or unofficial persons at any port; be it air, land and sea ports in Nigeria. Prof. Osinbajo had on Thursday signed three Executive Orders dealing with the business environment, local content in public […]
General Electric (GE) has completed work on its $100 million gas turbine assembly plant in Nigeria. The plant which is expected to come on stream next year will boost electricity supply in the nation. Chief Executive officer of the company, Mr. Lazarus Angbazo, who confirmed the development in Lagos, yesterday, said GE wants to support […]
Med-View Airline, yesterday, said that contrary to reports, its London flights have not been banned by the European Union (EU). The airline noted that the European Union’s operational restriction had been misunderstood by the public as a total ban on its UK operations. In a statement, yesterday, signed by its Executive Director, Business Development and […]
The Shell Petroleum Development Company of Nigeria Ltd (SPDC) operated Joint Venture (JV) says it contributed $29 billion to the Nigerian government between 2012 and 2016. Country Chair, Shell Companies in Nigeria (SCiN), Mr. Osagie Okunbor, gave the statistics in a review of Shell operations in Nigeria for 2016 while unveiling the 2017 Shell Nigeria […]
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018. Kachikwu stated this at the Rainoil 20th Anniversary Lecture organised by the company in Lagos on Wednesday. The theme of the anniversary was: […]