SANWO-OLU DIRECTS FULL EXCISION ON UNTITLED LAND IN LAGOS TO CURB LAND GRABBING • Governor: ‘Those sabotaging e-GIS system to be purged out of Govt’ • Monthly tenancy set to kick off in Lagos The incessant issue of land grabbing may become a thing of the past anytime soon in …
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Users say Amazon Web Services is suffering a major outage. The company provides cloud computing services to individuals, universities, governments and companies including The Associated Press. Amazon has yet to comment on the outage and few details are available. Amazon said in a post an hour after the outage began …
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Igbo traders under the auspices of the South East Amalgamated Markets Traders Association (SEAMATA) has sent a Save Our Souls (SOS) to the Central Bank of Nigeria (CBN) lamenting of multiple and indiscriminate charges and deductions on customers by commercial banks in the country. In an open letter addressed to …
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The Central Bank of Nigeria (CBN) has injected N7 trillion into the economy as loans in three years, it was learnt yesterday. CBN Deputy Governor, Financial Systems Stability, Mrs. Aishah Ahmad, dropped the hint at the 40th anniversary summit of the Financial Institutions Training Centre (FITC) in Lagos. Significant developments, …
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The Federal Inland Revenue Service said it generated the sum of N4.9trn between January and November from taxes for the Federation. Out of the N4.9trn collected since the beginning of the year, 77 per cent representing N3.77trn was from non-oil sources, while oil revenue is 23 per cent or N1.23trn …
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MainOne, a West African data centre and connectivity solutions provider with a presence in Nigeria, Ghana, and Côte d’Ivoire is set to be acquired for $320 million by American multinational Equinix Inc., the US company said in a statement Tuesday. The all-cash transaction is expected to close in the first …
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The Executive Chairman of the FIRS, Muhammad Nami has highlighted the need to include all revenue generated at the national and sub-national levels in order to properly determine the accurate computation of Nigeria’s tax-to-GDP ratio. He stated this in his welcome remarks at the “National Symposium On Taxation And Challenges …
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Nigeria got no revenue from crude oil export in the month of October despite an average daily oil production of 1.417 million barrels in the month of September, latest report by the Nigeria National Petroleum Corporation (NNPC) has shown. NNPC on its report to the Federation Account allocation Committee (FAAC) …
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Emirates has today touched down in both Abuja and Lagos, marking the restart of daily services to Nigeria from Dubai. It received a spectacular water canon welcome at Murtala Mohammed Airport, Lagos. Both flights from Dubai, EK 785 to Abuja and EK 783 to Lagos, were welcomed to Nnamdi Azikiwe …
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Marketers of petroleum products in the downstream oil sector have lamented their inability to access the N250bn intervention facility of the Central Bank of Nigeria for the National Gas Expansion Programme, more than one year after its introduction. Dealers of Liquefied Petroleum Gas, popularly called cooking gas, and Premium Motor …
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