Blog

Two million people’ll start receiving N20bn monthly from June -FG

Two million people will start receiving about N20bn from June this year as basic cash transfers and conditional cash transfers under the National Cash Transfer Programme, the Federal Government has said. It was gathered that the Federal Government would pay the two million people N5,000 each under the basic cash transfer and an additional N5,000 […]

agencyreport
4th April 2022
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FG halts planned 5% tax on GSM calls, SMS

Telecommunications

NIN: Bar outgoing calls from unlinked SIMs, FG orders telcos

The Federal Government has ordered telecommunications operators including MTN, Globacom, Airtel, and 9mobile to bar all outgoing calls of all Subscriber Identification Module cards not yet linked with the National Identification Number effective today, April 4, 2022. Minister of Communications and Digital Economy, Isa Pantami, announced this in a statement on Monday, saying that the […]

kayode
4th April 2022
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20 Views

Aviation Energy

FAAN apologises over power outage at Lagos airport

The Federal Airports Authority of Nigeria has apologised for the power outage at the Murtala Muhammed International Airport, Lagos. The apology was contained in a statement by FAAN’s acting General Manager, Corporate Affairs, Faithful Hope-Ivbaze. Many passengers were stranded over power outage at the departure lounge of the MMIA. The statement read, “FAAN wishes to […]

agencyreport
2nd April 2022
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Telecommunications

MTN contributed 13.5% of FIRS’ total 2021 tax – Report

Nigerian telecoms giant, MTN Nigeria Communications PLC’s total tax contribution to all government agencies including the Federal Inland Revenue Service amounted to N757.6 billion. The company paid a total of N618.7 billion in direct and indirect taxes to the FIRS in the 2021 tax year, which makes it the largest single biggest contributor to taxes […]

agencyreport
2nd April 2022
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News

I’ll make Nigeria investment haven if elected President -Ohuabunwa

A Peoples Democratic Party presidential aspirant, Sam Ohuabunwa, says he will transform Nigeria into an investment haven if elected. Ohuabunwa, the Convener of the New Nigeria Group, made the promise on Saturday during an interactive session with newsmen in Umuahia. “My aspiration to govern Nigeria has been a burden I have carried for more than […]

agencyreport
2nd April 2022
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20 Views

Economy

Rising govt debt caused by increasing budget deficit - DMO

The Debt Management Office has said that the reason for Nigeria’s rising government debt levels is due to increasing budget deficits over the years. This was disclosed by the Director-General of DMO, Patience Oniha in an interview with the News Agency of Nigeria in Abuja on Friday. She revealed that economic diversification and productivity will […]

agencyreport
2nd April 2022
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20 Views

Flights to South-South most expensive - NBS

Aviation

Passengers stranded as power outage hits Lagos airport

Many passengers are stranded after power outage hit a section of the Murtala Muhammed International Airport, Ikeja, Lagos. It was learnt that the departure lounge of the International Airport, Lagos, was the most affected on Friday night. “I suffered while boarding. Power just suddenly went off,” a passenger identified as Ayodele, said. When contacted on […]

agencyreport
2nd April 2022
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Why oil theft estimates are unrealistic- Navy

Economy Oil and Gas

External reserves loses $313m as oil price fluctuates

NIGERIA’S external reserves fell by $313m in March, according to figures obtained from the Central Bank of Nigeria on Thursday. The CBN’s figures showed that the foreign exchange reserves, which commenced March 1, 2022, at $39.86bn, fell to $39.55bn as of March 30, 2022. Following the invasion of Ukraine by Russian forces, crude oil prices […]

agencyreport
1st April 2022
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12 Views

News

Association seeks govt support to regulate table water industry

The Association of Table Water Producers has asked the federal, state, and local governments to come up with a legal framework to help fight charlatans in the industry. The group said this would enable the industry to carry out its roles as contained in the laws guiding the activities of its operators. In a statement, […]

agencyreport
1st April 2022
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21 Views

Economy Energy

Diesel: Telcos lament high operational cost, seek intervention

Telecommunication providers under the aegis of the Association of Licensed Telecommunications Operators of Nigeria have said the rising cost of diesel has impacted negatively on their operational costs and that they are set to approach the Federal Government for special interventions. The President of ALTON, Mr Gbenga Adebayo, disclosed this during a press conference on […]

agencyreport
1st April 2022
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15 Views

Banking

Nigeria has over 70 online lending apps – FCCPC

THE Federal Government has said there are about 70 to 90 online lending applications currently operated by various firms in Nigeria. The Executive Vice Chairman, Federal Competition & Consumer Protection Commission, Babatunde Irukera, made the disclosure in Lagos on Thursday, during a collaborative engagement with the media to review and analyse the state of the […]

agencyreport
1st April 2022
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17 Views

Banking

Four banks lost N1.77bn to fraud in 2021, says report

Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks’ employees and consumers in 2021. This was contained in the 2021 financial statements of the banks. The banks are Access Bank Plc, Guaranty Trust Bank Plc, First Monument City Bank, and Wema Bank. The Nigeria Inter-Bank Settlement System, a […]

agencyreport
31st March 2022
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19 Views

BUA cement announces revised date for ₦2.05 dividend

Lagos partners BOI, Sterling Bank to boost MSMEs

Disney beats Q2 expectations with strong Disney+ subscriber

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