Stakeholders in the nation’s economy have advised the Nigerian Customs Service (NCS) not implement four per cent Freight on Customs System (FCS) fee it announced on February 5 this year. Rather, they urged the NCS to engage in wider consultation. Yesterday, the Lagos Chamber of Commerce and Industry (LCCI) called on the NCS to suspend…
As Nigerians await the implementation of the 50 per cent telecoms tariff hike approved by the Federal Government through its agency, the Nigerian Communications Commission (NCC); another four per cent hike by the Nigerian Customs Service (NCS) and yet another 65 per cent from the electricity sector, the citizens were dazed with another 15 per…
The Federal Government has announced a N1 trillion real estate funds aimed at facilitating home ownership through the provision of low-interest loans at a 12per cent interest rate. This initiative is designed to make housing more affordable by offering financing options below the prevailing market rates. The fund is expected to stimulate the housing market…
Chairman, United Bank for Africa (UBA) Group Tony Elumelu has disclosed why he diversified from banking sector to oil & gas, power, healthcare, technology among other sectors of the economy. Speaking at the Legacy Builders Palm Beach Conference held in Florida, United States, on the theme: “Democratising Luck”, Elumelu said Africa remained a continent of…
Country Director for Nigeria at the World Bank, Dr. Ndiame Diop, has said Nigeria still remained the largest economy in Africa by Gross Domestic Product (GDP) despite the challenges faced by its private sector. Speaking at the Country Private Sector Diagnostic (CPSD) and Stakeholder Engagement in Abuja on Thursday, Dr. Diop said while Nigeria receives…
Schneider Electric has emerged the World’s Most Sustainable Corporation 2025 by Corporate Knights. It is the only company to rank first in the Global 100 twice, a rare feat. Reputed to be leader in the digital transformation of energy management and automation, the company previously topped this annual list of the most sustainable publicly listed…
To deepen the e-commerce space in the country, Glovo has partnered with the Ministry of Communications, Innovation & Digital Economy through its agency, the Nigerian Postal Service (NIPOST), and other stakeholders in the ecosystem to explore ways of tackling the multiple challenges confronting the sector. The e-commerce industry is at a turning point, driven by…
Human rights lawyer and Senior Advocate of Nigeria (SAN), Femi Falana, has submitted a formal plea to Ekiti State Attorney-General and Commissioner for Justice, Mr. Dayo Apata, SAN, seeking the grant of clemency for Olayinka Afolalu, who has been in prison custody for 23 years. Afolalu was arrested on April 27, 2002, in Ilawe Ekiti…
Kenya Airways officials have tendered an unreserved apology to the Nigeria Civil Aviation Authority (NCAA) and a Nigerian passenger, Gloria Omisore, following a complaint of mistreatment during a recent flight. The airline also retracted previous statements regarding the incident, admitting fault for allowing Omisore to board a flight from Lagos without the necessary transit visa….
