The Central Bank of Nigeria (CBN) has once again increased the rate to calculate customs import duties at the nation’s ports and airports. Customs duties are taxes and levies paid on goods imported into the country. The duties are paid through a commercial bank to the Nigeria Customs Service, which …
Read More »NCC Suspends Issuance Of Network Licences Over Market Competition, Others
The Nigerian Communication Commission (NCC) has announced the temporary suspension of three communication licenses. The suspended categories namely Interconnect Exchange License; Mobile Virtual Network Operator License and Value Added Service (VAS) Aggregator License will seize operation over market competition, saturation amongst them. The commission in a post on its X …
Read More »Tinubu, Shettima, Other VIPs To Start Paying Access Fees At Nigerian Airports From Today – FAAN
The Federal Airport Authority of Nigeria (FAAN) has commenced tollgate payment or E-Tags payment for all travellers at the 24 Federal Airports nationwide, starting from Friday, May 17, 2024. The authority disclosed this on its official X handle at midnight Thursday, May 16, 2024. According to FAAN, the development complies …
Read More »Abbey Mortgage Bank Cleared of Insider Trading Allegations
Abbey Mortgage Bank Plc has been cleared of allegations regarding insider trading during a closed period, as initially stated in the Nigerian Exchange’s X-Compliance Report. After a review of the circumstances surrounding the case, the Nigerian Exchange (NGX) has decided not to enforce any penalties against the bank. The initial …
Read More »Emirates returns to Nigeria from 1 October
Emirates will resume services to Nigeria from 1 October 2024, operating a daily service between Lagos and Dubai, and offering customers more choice and connectivity from Nigeria’s largest city to, and through, Dubai. The service will be operated using a Boeing 777-300ER. EK783 will depart Dubai at 0945hrs, arriving in …
Read More »PenCom: Ensuring Exceptional Service Delivery Through Consumer Protection Framework (Part 2)
As reported on this page last week , the National Pension Commission (PenCom) recently issued the maiden Consumer Protection Framework for the Nigerian pension industry. Previously, we highlighted pension consumer rights and enforcement mechanisms as captured in the Framework. In this publication, we continue the discussion on the key highlights of the …
Read More »Adeleke wants stronger ties with Glo, others
Governor of Osun State Governor, Senator Ademola Adeleke, has advised Globacom and other telecoms companies to strengthen ties with the states, which he describes as subnational entities where the company’s market lies. The Governor who made the remarks when he received a Globacom team in his office in Osogbo, also …
Read More »Emirates Group announces 2023-24 results
Group reports best-ever financial performance with record profit of AED 18.7 billion (US$ 5.1 billion), up 71% from last year, record revenue, and record level of cash assets. Group revenue increased 15% to a new high of AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its businesses. …
Read More »SIFAX Group Chairman Identifies Blue Economy Potential at LAUTECH Lecture
LAUTECH Convocation lecture 1: Bode Ojeniyi, Group Managing Director, Sky Capital & Financial Allied Company Limited, representative of Dr. Taiwo Afolabi, Chairman, SIFAX Group delivering the 16th LAUTECH Convocation Lecture recently. LAUTECH Convocation lecture 2: L-R: Prof. Funke Olagunju, Head of Department, Agric Economics and Extension, LAUTECH; Oliver Omajuwa, Deputy Director, Strategic …
Read More »Genesys Engineering takes lead in providing reliable, affordable power solutions for Nigerians
Genesys Engineering Services Limited, GESL, an indigenous power solutions provider in Nigeria is a leading power firm in Nigeria. Over the years, it has become widely known that Nigeria faces a pressing challenge – Energy Poverty. It is no longer news that millions of Nigerians, up to 55% of our …
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