Vandalism, hostile community, setbacks to telecoms industry – NCC
The Nigerian Communications Commission has urged Nigerians to protect telecommunications infrastructure, saying that vandalism, theft, and hostility from the host community are among the major setbacks to the telecoms industry.…
Inflation hits 15.92%, highest in five months
Nigeria’s Consumer Price Index rose to 15.92 per cent in March, latest figures from the National Bureau of Statistics show. This new rate is the highest the country has recorded…
FG probes Indorama, Total, 10 others over expatriate quota
The Federal Government has identified Indorama Eleme Petrochemical Limited, International Business Machines West Africa, Stallion Motors Limited, Liaoning-Efacec Electrical Equipment Co. Nig. Ltd; and Total Nigeria Plc, for allegedly abusing…
LCC postpones resumption of tolling at Ikoyi Link Bridge
The Lekki Concession Company Limited, the operators of the Ikoyi Link Bridge and the Admiralty Circle Plaza, has postponed the resumption of tolling at the Ikoyi Link Bridge. LCC Managing…
Heavy security as tolling resumes at Lekki-Ikoyi bridge
There was heavy security at the Lekki-Ikoyi Link Bridge on Friday ahead of the resumption of toll payment on the bridge. It was gathered that no fewer than five security…
NNPC to deliver $2.6bn gas pipeline Q1 2023
The Nigerian National Petroleum Company Limited and its contractor handling the bulk of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, Oilserv Limited, on Thursday stated that natural gas would be transported…
Naira exchanges 590 to dollar ahead of Easter
The naira slumped further and exchanged to the dollar at 590 on Thursday at the parallel market ahead of the Easter festive period. Some Bureau de Change operators who spoke…
How Nigeria can lower debt service-to-revenue –DMO
The Debt Management Office has said that Nigeria can lower its debt service-to-revenue ratio if it generates higher revenue like Ghana, Kenya, and Angola. According to the DMO, while Nigeria…
Clearing agents reject Customs’ 15% levy on imported vehicles
CLEARING agents have rejected the imposition of 15 per cent levy on imported vehicles by the Nigeria Customs Service. The NCS had, last weekend, introduced a 15 per cent National…
Airlines, agents to begin sale of tickets in dollar
Some of the foreign airlines flying into Nigeria will on April 19 begin the sale of their tickets in dollar amid the worsening shortage of foreign exchange in the country.…
Two Ikoyi high-rise buildings fail integrity test, risk collapse
Two high-rise buildings in Ikoyi, Lagos are at risk of collapse after failing experts’ integrity test, The PUNCH has learnt. A high-rise building under construction by Fourscore Heights Limited along…
NASS to pass Buhari’s revised 2022 fiscal framework today
The Senate and the House of Representatives will on Thursday (today) pass the revised 2022 fiscal framework of the Federal Government. The President of the Senate, Ahmad Lawan, made this…
