The Federal Airports Authority of Nigeria (FAAN) says it has not increased landing and parking charges for domestic and international airline operators in the nation’s airports. Capt. Rabiu Yadudu, Managing Director, FAAN, made the clarification on Monday in Ikeja while speaking with journalists . The News Agency of Nigeria(NAN)...
BUSINESS
The equity market on the Nigerian Exchange Ltd. extended losses to Monday. It shedded N13.06 billion to close the market capitalisation at N26.614 trillion as against N26.628 trillion traded on Friday. The negative performance was majorly driven by selloffs in banking stocks such as United Bank for Africa (UBA),...
.The Naira on Monday depreciated marginally against the dollar at the Investors and Exporters window, exchanging at N429.43. The figure represented a decrease of 0.09 per cent, against N429. 05 at the close of business on Aug. 19. The open indicative rate closed at N429.07 to the dollar on...
The National Bureau of Statistics (NBS), says prices of selected food items increased in July. It made the declaration in its Selected Food Prices Watch Report for July 2022 released in Abuja on Monday. The NBS stated that the average price of 1kg of white beans rose by 23.22...
First Bank of Nigeria Ltd. has announced plans for the fifth edition of its Corporate Responsibility and Sustainability (CRS) Week. The bank’s Group Head, Marketing and Corporate Communications, Mrs Folake Ani-Mumuney, said this in a statement on Sunday in Lagos. The statement said that the event slated for Aug....
DashMe Foundation, founded by the former Minister of Finance, Mrs Kemi Adeosun, says the Federal Inland Revenue Service (FIRS) has certified corporate organisations’ donations to it as tax deductible. This is contained in a statement signed by Mr Tomisin Akinwunmi, the interim Chief Executive Officer of the charity organisation...
By JOY ADARA, Abuja – The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the...
The Zambian Minister of Commerce and Industry, Mr Chipoka Mulenga, has urged the President of Dangote Group, Mr Aliko Dangote, to collaborate with the Zambian Government to develop its agricultural sector. Mulenga made the appeal during a Zambian team tour of the 3.00 million metric tonnes Dangote Fertiliser Plant...
The Acting Chairman, Federal Capital Territory Internal Revenue Service (FCT-IRS) Mr Haruna Abdullahi says the service is working hard to exceed its 2022 revenue target of N200 billion. He said this when he featured on the News Agency of Nigeria (NAN) Forum in Abuja. Abdullahi said the service was...
A 17-year-old boy in Kano State, Isah Auwal-Barde, has invented a robot that works with robotic exoskeleton remote control. Exoskeleton remote control is a system of controlling a robot by the person operating it through demonstration with parts of his body. Auwal-Barde told the News Agency of Nigeria (NAN)...
Chief Executive Officer of an aviation company, Mr Segun Adewale, has urged the Federal Government to expeditiously repatriate the 600 million dollars ticket revenue belonging to foreign airlines operating in the country. Adewale, also former Vice-Chairman, National Association of Nigerian Travel Agencies (NANTA) gave the charge in a statement...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman/ CEO, Nigerian Communications Commission (NCC) Professor Umar Garba Danbatta has called on Nigerians to explore opportunities in the Digital Economy to eradicate poverty in the country. Professor Danbatta made the call on Thursday while addressing the 9th Lagos Public Relations...
With only about six months to next year’s General Elections in the country, three dominant issues have continued to engage the attention and concerns of many Nigerians. These are: the worsening security situation in the country, the economy and, the controversial Muslim-Muslim presidential ticket of the ruling All-Progressives Congress...
The Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi ,says that the annual bilateral trade volume between Nigeria and Japan stands at one billion dollars. Kazuyoshi said this at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja. The News Agency of Nigeria (NAN) reports that the...
By JOY ADARA, Abuja – The Bureau of Public Enterprises (BPE) will collaborate with Jindal Steel & Power Group (a leading world player in Steel, Mines and Infrastructure) in its areas of interest to invest in Nigeria, The Director General of the reform, concession and privatisation agency, Mr. Alex...
The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market. The Director-General of SEC, Mr Lamido Yuguda, said this at a post Capital Market Committee (CMC) meeting press conference in Abuja on Friday. Yuguda said the commission had been fighting...
The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N190.01 in July 2022. This is according to the NBS Premium Motor Spirit (Petrol) Price Watch for July 2022 released in Abuja on Friday. The report said the...
The Minister of Finance, Zainab Ahmed, has put the projected daily payment for fuel subsidy at N18.39 billion. She stated this during an investigative hearing of the House ad hoc committee which is investigating the petroleum subsidy regime between 2017 to 2021. “The total amount of subsidy per day...
The Central Bank of Nigeria (CBN), digital currency, eNaira has recorded 200,000 volumes and four billion Naira value of transactions since its inauguration in 2021. Mr Godwin Emefiele, the CBN Governor said this on Thursday in Abuja at the grand finale of the “eNaira Hackathon”. The News Agency of...
The Corporate Affairs Commission (CAC) says it is working toward offering two free automatic digital training for newly registered Small and Medium Enterprises (SMEs). The Registrar–General, CAC, Alhaji Garba Abubakar, said this when he received Mr Amu Ogbeide, the Group CEO of Sapphital, who paid him a courtesy visit...