The Transmission Company of Nigeria (TCN) currently has capacity to transmit 8,100mw of the about 13,000mw of electricity generated. “We are supposed to be able to transmit about 15,000mw, but we are unable to meet this capacity due to weak…
The Federal Government has removed VAT and customs duty payments from cooking gas imports. This is according to a letter written to several government agencies. The federal government has decided to waive customs duty and value-added tax (VAT) on the…
…As agency hosts maiden ‘day of the dockworker’ event By Seun Ibiyemi It was a milestone event for the local maritime industry as the Nigerian Maritime Administration and Safety Agency (NIMASA) hosted the maiden edition of the ‘Day of the…
The Lagos Chamber of Commerce and Industry (LCCI) has implored the government to create a more flexible and transparent foreign exchange policy to address scarcity issues. Its Director-General, Dr Chinyere Almona, gave the advice on Thursday in Lagos, in reaction…
President Bola Tinubu has approved the appointment of Engr. Felix Omatsola Ogbe as Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB). The President in a statement by his Special Adviser on Media and Publicity, Ajuri Ngelale appointed new…
By Adenle Adedeji A circular from the Nigeria Interbank Settlement System Plc (NIBSS) has directed commercial banks in Nigeria to take down every non-deposit-taking financial institution from their NIP fund transfer channels. The non-deposit-taking financial institutions include switching companies, payment…
By Barth Ndubuwah, Port Harcourt The Rivers State Police Command has arrested a 33-year-old man named Baridapdo Igia of Kereken-Boue suspected for kidnapping and burying alive former CDC Chairman of Khana Local Government Area, Praise Daakian. The notorious leader of Iceland…
By Seun Ibiyemi The Nigerian Maritime Administration and Safety Agency, NIMASA, and the Maritime Workers Union of Nigeria, MWUN have begun discussions on how to resolve the lingering issue of terminal benefits of Seafarers whose appointments were terminated due to…
Participants and panelists at the Africa Investment Conference held at the Eko Hotel and Suites on Victoria Island, Lagos organized by CFA Society Nigeria and its partners from Ghana, East Africa, Mauritius and South Africa, among other African countries have…
The Group CEO of Airtel Africa plc, Segun Ogunsanya, has reiterated the importance of an enabling policy environment for sustainable development and climate action in partnership with Africa’s private sector at COP28. Mr. Ogunsanya, a member of the United Nations…
