February 1, 2019

National Identity Management Commission (NIMC) has said registration and issuance of national identity card would attract payment as from 2022.

Director-General, NIMC, Aliyu Aziz, made the disclosure at the Lunch Time Reform Seminar on “The National Digital Identity Ecosystem Strategic Road Map for the Enrolment of Nigerians and Legal Residents into the National Identity Database (NIDB)” organised by the Bureau of Public Service Refo...

January 25, 2019

The Seme Area Command of the Nigeria Customs Service (NCS), said it generated about N6.3 billion into the Federal Government coffers through cross-border operations in 2018.
Spokesman for the Customs, Saidu Nuruddeen Abdullahi, who confirmed this on Tuesday, said the figure represents about 76 per cent of the revenue target allocated to the Command in the year under review.

Abdullahi said the Command’s enforcement unit, in a...

January 23, 2019

The Central Bank of Nigeria (CBN) has said that the telecommunications firm, MTN, has paid the $53 million to settle money transfer dispute with it.

CBN Governor, Godwin Emefiele, who disclosed this yesterday in Abuja, also said that the matter had been withdrawn from court.

The apex bank had ordered MTN and its lenders in August 2018 to bring back a total of $8.1 billion it alleged the company had illegally repatriated using improper...

January 16, 2019

Gunmen blasted their way into a hotel and office complex yesterday in Nairobi, killing at least seven persons and sending workers diving under desks from an attack claimed by Somali Islamists al Shabaab.

The attack comes on the third anniversary to the date of when dozens of Kenyan soldiers at an African Union base in the southwestern Somali town of El Adde were killed while others reportedly ran away into the bush.

Also in 2013, gun...

September 28, 2018

Senior EU official Michel Barnier said Friday he would not to seek his political group’s nomination to become president of the European Commission and instead will focus on negotiating Brexit.

Barnier, a 67-year-old former French agriculture minister, has taken the lead in drawing up terms for Britain’s European divorce with representatives of Prime Minister Theresa May’s government.

But he had also been seen as one of the possible c...

September 21, 2018

Seaports are major facilitators of trade, and often described as the engine of economic growth. They are also major generators of employment. The critical socio-economic and strategic importance of ports is even more pronounced in Africa, where over 60 per cent of the government’s revenue is generated through Customs duty and taxes.

However, the efficiency of seaports is not guaranteed until there is easy movement of cargoes in and...

September 10, 2018

The National Mushroom Association of Nigeria (NAMAN) has said that Nigeria stands to earn as much as over $4 billion yearly from local mushroom production and export if properly harnessed.

It said if the cultivation of mushroom is given serious attention, it could equally create at least 50,000 jobs yearly and remove over 50 million families out of poverty.

National President of NAMAN, Chief Michael Awunor, who disclosed this to The G...

September 5, 2018

Nigerian ports are currently experiencing dwindling fortunes, and recorded about 8.6 per cent increase in cargo throughput, while ship traffic slides 2.3 per cent and container traffic decreased by 7.1 per cent in the first quarter(Q1) of 2018 against the fourth quarter 2017.

According to a first quarter 2018 performance report released by the Nigerian Ports Authority (NPA), through the Nigerian Port Consultative Council (PCC) at a...

August 29, 2018

As part of her visit to Nigeria on a three-day, three-nation trip to Africa, the British Prime Minister, Theresa May will visit Lagos.

The premier, who is currently in a meeting with President Muhammadu Buhari at the presidential villa, Abuja, will fly to Lagos where she will meet with business leaders and announce the formation of a U.K.-Nigeria fintech partnership.

The fintech partnership which is 2 million pounds ($2.6 million) is...

August 23, 2018

Britain’s Brexit secretary said on Thursday that London will take unilateral action and respect EU rules in some sectors to keep trade flowing if Brussels refuses to cooperate and strike a deal.

Dominic Raab insisted he was “still confident” of reaching a deal with the European Union — but is nonetheless due to set out the government’s advice about planning for a departure without an agreement.

London and Brussels are yet to reach a...

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