…..As Enforcement Team Clampdown On Other Firms Kaduna Internal Revenue Service (KADIRS) on Thursday sealed six telecommunication masts across the state capital due to the alleged failure of telecom operators to settle N5.8 billion outstanding taxes. The enforcement exercise, which started in the early hours of the day, affected the MTN Nigeria’s mast located at […]
The Minister of State (Gas) Resources, Hon. Ekperikpe Ekpo, on Thursday disclosed that the Federal Government had stopped the issuance of licences to gas companies lacking the capability to construct pipelines for distribution. Ekpo stated this following last Saturday’s gas explosion in Abeokuta, Ogun State capital, involving a compressed natural gas (CNG) truck owned by […]
The National Bureau of Statistics (NBS) has reported that the average Cost of Health Diet (COHD) was cheapest in the North West zone of the country in March this year. The Bureau in its ‘Cost of Healthy Diet March 2024’ report published on Thursday, May 2, disclosed that the National average Cost of a Healthy […]
The Nigeria Deposit Insurance Corporation (NDIC) has announced an increase in the maximum deposit insurance coverage levels for all licensed deposit-taking financial institutions with immediate effect. The corporation’s Managing Director, Bello Hassan, during a media briefing on Thursday in Abuja, said the upward review of the insurance cover was in line with the corporation’s commitment […]
MTN Nigeria has barred 8.6 million subscribers from its network in line with the directive of the Nigerian Communications Commission (NCC) on the linkage of SIMs with subscribers’ NINs. The telecom operator stated this in Q1 2024 financial report, adding that the debarred lines impacted negatively on its performance during the quarter. The company stated […]
The Nigerian Communications Commission (NCC) has reported a surge in 5G subscriptions in March this year to 2.7 million, representing 1.24% penetration rate. The commission stated, however, that despite the 5G subscription growth, 2G remained the dominant service, representing 56.97% of all connections, while 3G had 9.04% share. The industry regulator disclosed that 4G subscriptions […]
…Gov Abiodun Says Over N128.3bn Paid As Pensions, Gratuities Ogun State Governor, Prince Dapo Abiodun, on Wednesday said that his administration would do all in its power to come up with a decision on the new minimum wage. To achieve this, the governor said a meeting with labour leaders in the state would […]
The Centre for the Promotion of Private Enterprise (CPPE) has expressed concern that the frequent changes in the customs duty exchange rate have become a huge burden on the business community. The organized private sector (OPS) advocacy group, in a Note issued on Wednesday by its Chief Executive Officer, Dr Muda Yusuf, noted that the […]
Nigeria has projected to spend about $3 billion in capital investment to fuel projects under the Nigerian Gas Flare Commercialization Programme (NGFCP) and create about 300,000 jobs across the oil and gas industry from the venture. The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, gave this hint during his presentation […]
The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement for the allocation of 6,000 hectares of land by the state government from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc. The deal is in furtherance of the Seplat Tree4Life […]