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NIMASA denies responsibility as gunboat sinks in Lagos

The Nigerian Maritime Administration and Safety Agency has denied responsibility for a gunboat that reportedly sank in Lagos on Sunday. The NIMASA/Barugu, a gunboat reportedly in the fleet of Global West Vessels Specialists, was alleged to have been parked at the Kirikiri Terminal, behind the NIMASA Resource Centre. In a video circulating online, seafarers onboard […]

agencyreport
5th April 2022
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Transportation

Train attack: Reps grill security chiefs today

The House of Representatives will on Tuesday grill heads of Nigeria’s security apparatus over the recent attacks on the Kaduna International Airport and the Abuja-Kaduna rail line. Several officials of the House confirmed the rescheduled meeting to our correspondent on Monday. The security chief had last Wednesday failed to appear before the leadership of the […]

agencyreport
5th April 2022
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Ports and Airports Transportation

Food imports exceed exports by N2.23tn in 12 months

The total international trade in agricultural goods in the country stood at N3.24tn in 2021, with the import value exceeding export value by N2.23tn, findings have revealed. Despite interventions by the Federal Government to diversify the economy and increase food production in the country, security concerns have driven a lot of farmers out of their […]

kayode
4th April 2022
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Economy Policy and Regulations

FG grants three-year tax relief to 33 companies, bars 10 firms

The Federal Government approved the application of 33 companies seeking pioneer status under the Industrial Development Income Tax Act in 2021. This was contained in the quarterly PSI reports released by the Nigeria Investment Promotion Commission. The reports also revealed that investments made by the 33 companies during the year amounted to N543.88bn. It also […]

agencyreport
4th April 2022
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Banking

CBN imposes heavy sanctions on banks over mutilated notes

The Central Bank of Nigeria has expressed concern over the increasing amount of mutilated banknotes deposited with the apex bank by Deposit Money Banks. To this end, the CBN has warned banks to stop including composed currency notes in their deposits or risk paying a penalty of 400 per cent of the value of the […]

agencyreport
4th April 2022
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Economy Policy and Regulations

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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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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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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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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40 Views

FG plans 7,000 digital hospitals for rural areas

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FG provides details on Tinubu’s $21.5b external loan

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