House of Representatives speaker, Hon Femi Gbajambiamila has opened up on those responsible for failure in power sector of the country. According to him, the unpatriotic activities of past and serving political office holders are responsible for the socio-economic failure in the power sector. He made this known while declaring open the investigative hearing into […]
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Transcorp Hotels Plc, the hospitality subsidiary of Transnational Corporation of Nigeria Plc (Transcorp) and owner of the iconic Transcorp Hilton Abuja and Transcorp Hotels Calabar, has retained its national scale ratings at A-(NG) and A2(NG) in the long term and short term respectively, with the outlook accorded as Stable. Concurrently, the national scale ratings accorded […]
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United Bank for Africa (UBA) Plc and the Lagos Chamber of Commerce and Industry(LCCI), have assured small medium enterprises (SMEs) that the 2019 Lagos International Trade Fair will bring far reaching benefits that will help transform their businesses and take it to the next level. UBA’s Head Group Consumer Retail Business, Mr. Jude Anele, who gave […]
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The President of Nigeria, Muhammadu Buhari and other Nigerians spend about $12 billion on fuel for generators, a report by Bloomberg, an American media company, has said. According to the report, a survey by NOI Polls, shows that households only get an average of 9.2 hours daily power supply in the first half of 2019. […]
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Leading human rights lawyer, Femi Falana, says the proposed value-added tax (VAT) increase by the federal government is in violation of the law if the national assembly has not passed a bill to that effect. Zainab Ahmed, minister of finance, had announced that the federal executive council (FEC) approved an increase in VAT from 5% […]
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The Central Bank of Nigeria (CBN) has introduced a new policy, thereby transaction fees will be paid on deposits and withdrawals above 500,000 Nigerian naira. This was disclosed the CBN Payments System Transaction Management Department Director, Sam Okojere. The policy has taken immediate effect on Wednesday 18th September, which it was announced. Okojere said “The […]
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A report by PremiumTimes has revealed how Alfa Belgore, a former Chief Justice of Nigeria, helped Process and Industrial Developments (P&ID), an Irish company, to win a $9.6 billion compensation against the Federal Government of Nigeria. Belgore, who acted as a legal consultant to P&ID, analysed Nigeria’s laws, “exploited their shortcomings” and cited case laws […]
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At the just concluded Forum organised by the International Committee of the Red Cross (ICRC), key speakers Tony O. Elumelu, Founder of the Tony Elumelu Foundation (TEF) and Peter Maurer, President of the International Committee of the Red Cross (ICRC) proffered entrepreneurship as the most sustainable solution to accelerating Africa’s transformation. During a one-on-one conversation […]
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The federal executive council (FEC) on Wednesday approved an increase in value added tax (VAT) rate from 5 percent to 7.2% percent Nigeria’s minister of finance, budget and national planning, Zainab Ahmed, disclosed this to state house correspondents at the end of the cabinet meeting. However, this is subject to an amendment of the VAT […]
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The Central Bank of Nigeria (CBN) has injected 210 million U.S. dollars into interbank segment of the Foreign Exchange Market following sales concluded on Tuesday. The bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, made this known in a statement in Abuja on Tuesday. Okorafor explained that the figures released by the CBN indicated that […]
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