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Lagos airport holds emergency simulation exercise

The Federal Airports Authority of Nigeria (FAAN) said on Friday an emergency simulation exercise is presently taking place at the Murtala Muhammed International Airport, Lagos.
Manufacturers Association of Nigeria (MAN)

MAN raises concern over Nigeria’s GDP growth

The Manufacturer Association of Nigeria (MAN) has described the lean 0.14 per cent GDP growth rate recorded in the fourth quarter of 2019 as a strong indications that Nigeria was not be ready for the AfCFTA commencing in July 2020.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Dangote supports Nigeria’s border closure policy

Dangote Cement Plc will soon boost its export sales as it prepares to inaugurate its Apapa, Lagos, export terminal. This will be followed by Onne, Rivers State, export terminal. The company disclosed this while commenting on its future plans following the release of its 2019 financial results.
The Executive Chairman of the FIRS, Mohammed Nami, who was guest on a breakfast programme of the Nigerian Television Authority, urged all businesses to ensure that they register with the FIRS for VAT purpose.

House of Reps queries FIRS boss over non submission of audited funds

Public Accounts Committee, PAC, of the House of Representatives on Thursday queried the Executive Chairman of the Federal Inland Revenue Commission, FIRS, Alhaji Mohammed Nami, over late and non submission of the audited accounts.
Steven Seagal, best known for fighting off bad guys with roundhouse kicks in movies like Above the Law, has settled a case with the Securities and Exchange Commission over promoting a cryptocurrency on social media.

Steven Seagal settles with SEC over 2018 cryptocurrency promotion

Steven Seagal, best known for fighting off bad guys with roundhouse kicks in movies like Above the Law, has settled a case with the Securities and Exchange Commission over promoting a cryptocurrency on social media. The action star will pay $314,000, and won’t be allowed to promote any security — digital or otherwise — for three years.

SEC: New initiatives to reduce market time

The Securities and Exchange Commission, SEC, has embarked on a number of initiatives to address time to market and promote ease of doing business.
President Muhammadu Buhari has appointed Mr. Mele Kolo Kyari as the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).

NNPC to double Nigeria’s domestic gas supply, export fuel by 2023

The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF.

New tariff: AEDC plans 330,000 meters, N43 billion network investment

The Abuja Electricity Distribution Company (AEDC) has assured customers of providing 330,000 meters this year and an investment of N43 billion in networks with the new tariff to boost electricity supply.

Tax tribunal orders Ecobank to pay N1.6 billion to FIRS

The Tax Appeal Tribunal has declared as illegal, null and void the decision of Ecobank Nigeria Limited to pay N5, 545,000,000 as dividends to its shareholders in 2016.
Singapore, on Tuesday announced its 2020 budget, pledging 5.6 billion Singapore dollars (or 4.02 billion U.S. dollars) to assist businesses and households affected financially by the coronavirus outbreak.

Expert: Coronavirus may cause global recession

Coronavirus and heightening geopolitical and trade tensions can be expected to drive the world to the brink of a global recession this year. Investors must take action sooner rather than later to build and safeguard their wealth.

US regulators criticize Tesla over Autopilot role in fatal crash

The National Transportation Safety Board on Tuesday sharply criticized Tesla Inc.’s lack of system safeguards in a fatal 2018 Autopilot crash in California and called U.S. regulators’ approach in overseeing the driver assistance systems “misguided.”

Electricity: Don’t pay for what you didn’t use – NERC tells consumers

The National Electricity Regulations Commission (NERC), on Tuesday, declared that no electricity consumer should be made to pay for energy he/she did not consume.

Ondo targets N500 billion investment through deep seaport project

Ondo State Governor Rotimi Akeredolu has said the development of a deep seaport project in the state will generate more than N500billion investment to the host communities in Ilaje Local Government Area where government is proposing to establish the port.

Experts train 8000 youths on agribusiness in Kwara

A group of young agribusiness experts in Kwara State has disclosed that it trained over 8,000 unemployed youths in the last two years.

NERC orders metering of electricity consumers by April 30

The Nigerian Electricity Regulatory Commission (NERC) has directed the Distribution Companies (DisCos) to ensure that electricity consumers are metered by April 30.
Nigerian authorities have selected a consortium to set up an aviation leasing company as part of plans to overhaul the country’s aviation sector.

Nigeria picks Egypt Air consortium for aviation partnership

Nigerian authorities have selected a consortium to set up an aviation leasing company as part of plans to overhaul the country’s aviation sector.

Tax tribunal orders firm to pay N1.7 billion to FIRS

The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful an assessment in additional tax liability of N1.738,481,875.33 issued to Prime Plastichem Nigeria Limited (PPNL) by the Federal Inland Revenue Service (FIRS) as the correct income tax which the PPNL should pay on its profit for doing business in Nigeria under the provisions of Transfer Pricing Regulation No1 2012.
Alhaji Aminu Goronyo, the National President of Rice Farmers Association of Nigeria (RIFAN), on Tuesday said that the economic diversification efforts of President Muhammadu Buhari has begun to yield huge results especially in the areas of rice production.

RIFAN: President Buhari’s economic diversification yielding huge results

Alhaji Aminu Goronyo, the National President of Rice Farmers Association of Nigeria (RIFAN), on Tuesday said that the economic diversification efforts of President Muhammadu Buhari has begun to yield huge results especially in the areas of rice production.

Recent Stories

Ethiopia's Prime Minister Abiy Ahmed announces a failed coup as he addresses the public on television, June 23, 2019. The failed coup in the Amhara region was led by a high-ranking military official and others within the country’s military, he said.

Ethiopia’s Ahmad Abiy faces outcry over crackdown on rebels

Desta Garuma, a 27-year-old rickshaw driver, never showed much interest in politics, so his family has no idea how soldiers concluded he was involved in a rebel movement active in Ethiopia’s Oromia region.
A Turkey-backed Syrian fighter fires a truck-mounted gun towards the town of Saraqeb on Wednesday [Omar Haj Kadour-AFP]

33 Turkish soldiers killed in Syrian air raid in Idlib

At least 33 Turkish soldiers were killed in an air strike by Syrian government forces in northwestern Idlib province as Turkey vowed "to respond in kind" with attacks on "all" their positions.
The UN Security Council will hold a first informal meeting on Cameroon this month to discuss a worsening humanitarian crisis that has left three million people struggling for food.

Countries criticise Russia, Syria at UN over killing of Turkish soldiers

Russia and Syria on Friday came under strong criticisms from western countries in the UN Security Council over the killing of 33 Turkish soldiers in Syria on Thursday.
SEYI MAKINDE

Coronavirus: Oyo expresses high level of preparedness

Oyo State Commissioner for Health, Dr Bashir Bello, has disclosed that the state government is on a high level of preparedness for any possible outbreak of coronavirus in the state.
“Governor Nasir El-Rufai has also intervened to ensure prompt settlement of the salary arrears that the local government councils owe to about 8500 primary school teachers that were employed in the second batch of recruitment of new teachers.

Southern Kaduna: We’ve suffered greatest social disruption, economic deprivation, insecurity under Governor El-Rufai

The Southern Kaduna people have expressed concern that since the inception of Mal. Nasir Ahmad El-Rufai’s government in 2015, Adara people and indeed Southern Kaduna communities have suffered the greatest social disruptions, economic deprivations and insecurity.