With 24 hours to the deadline issued Nigeria’s most used network, MTN Nigeria, to pay the N1.04trillion ($5.2 billion) fine imposed by the Nigerian Communications Commission (NCC), no leniency has been shown by the Federal Government and NCC neither is there any indication that MTN can pay. NCC imposed the fine on MTN for disregarding […]
Continue ReadingA former Minister of the Federal Republic of Nigeria, Mrs. Diezani Alison-Madueke, who was the Minister of Petroleum Resources, has denied allegations of financial impropriety under her tenure, especially the alleged disappearance of $20billion. She disclosed this in an interview with The Boss newspaper. She was visibly angry at the mention of the $20billion “If there […]
Continue ReadingThe Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has immediately addressed the complaints of oil marketers over the non-payment of the N413 billion subsidy, stating that it has already been approved by President Muhammadu Buhari. He has assured that the payment would be completed next week, explaining that the money needs the […]
Continue ReadingGuaranty Trust Bank (GTBank), has unveiled the SKS Young Inventor Competition which is expected to run between October 27th and November 30th. The SKS Young Inventor Competition is an amazing journey to find the next generation of inventors and forward thinking citizens, committed to the growth of the country. The bank embarked on this initiative […]
Continue ReadingThe newly constituted Senate Committees have already been charged with meaningful responsibilities, as the Committees on Finance, Banking and Financial Institutions and Public Accounts have been ordered to investigate operations of Treasury Single Account in Nigeria. The motion was moved by Senator Dino Melaye (APC-Kogi West) who maintained that choosing a company, Remita, as the […]
Continue ReadingHameed Ali, the Comptroller General of Customs, Today (Tuesday) served a warning to any customs officer caught involved in corrupt practice, stating the such officers would serve the maximum 10-year jail term prescribed by law. The Comptroller General gave the warning in Sokoto when he addressed customs officers of Sokoto/Zamfara/Kebbi Area Command. “The minimum jail […]
Continue ReadingNkem Ndem Nigeria is obviously not a big name when it comes to world-famous bakeries, but one of its mega cities, Lagos, has an intense cake game going on. Forget the designer boutiques around town, what could possibly be more satisfying on a hot afternoon than an outrageously delicious pastry guaranteed to traumatize your bathroom scales? […]
Continue ReadingThe naira continued its downward slide at the parallel market on Monday, as operators of Bureau de Change (BDC’s) suffered low patronage. The Naira exchanged for N232 to the dollar on Monday afternoon as against its previous value of N231. But at the official interbank window, the Naira appreciated as it exchanged for N196.98 to […]
Continue ReadingThe Group CEO of MTN, Sifiso Dabengwa, is expected to resign due to the $5.4billion (N1.04 trillion) fine by Nigerian Communication Commission NCC for failing to deactivate the lines of customers with unregistered SIM cards. The telecoms company said in a statement today that Sifiso Dabengwa will be replaced by non -executive chairman Phuthuma Nhleko […]
Continue ReadingSegun Alabi, spokesperson for the Lagos Chamber of Commerce and Industry said the 10-day Lagos International Trade Fair has provided temporary jobs for about 50,000 youth and another 10,000 artisans. Majority of the people employed work as sales people, dancers and temporary office assistants. Most of the youth, who refused to disclose their pay package, […]
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