MTN Group, the parent company of MTN Nigeria, which was slammed a record $5.2 billion fine by the Nigerian National telecommunications Commission (NCC), over its delayed disconnection of unregistered mobile phone numbers, has forced Chief Executive Officer, Mr. Sifiso Dabengwa,…
Customs boss pledges to stop permanent posting
The Comptroller-General of Customs, retired Col. Hameed Ali, has pledged to stop reported favoritism in the service. He explained that every officer in customs must work to earn promotion. “All officers are under close watch because if any mistake is done…
‘Nigeria to find oil in Chad basin soon’
Nigeria is on the verge of discovering significant quantity of oil in the Lake Chad area, North-East Nigeria, the Nigerian National Petroleum Corporation (NNPC) has said. In a statement, NNPC explained that it was projecting the inflow of $20 billion…
World Exchanges approves sustainability policies
THE World Federation of Exchanges (WEF) has presented recommendations to its member exchanges on how to implement their sustainability policies, the culmination of a year-long project by its Sustainability Working Group. The guidance, presented at the WFE’s General Assembly in…
Man Utd 2-0 West Brom: Jesse Lingard and Juan Mata earn hosts win
Jesse Lingard’s fine strike and Juan Mata’s penalty earned Manchester United a 2-0 victory at home to West Brom in the Premier League on Saturday. United academy graduate Lingard struck superbly from 20 yards – his first senior goal for…
Stoke 1-0 Chelsea: Marko Arnautovic condemns Blues to seventh defeat as Jose Mourinho banned
Chelsea’s struggles continued as Marko Arnautovic’s second-half volley earned Stoke City a 1-0 victory over the reigning champions on Saturday Night Football. Manager Jose Mourinho was not at the Britannia Stadium due to his one-match stadium ban but his side’s…
NCC to issue new telecom licence in 2016
THE Nigerian Communications Commission (NCC) is to issue new telecom spectrum licences in 2016 as part of measures to create improved infrastructure in all the 36 states in the country. Acting executive vice chairman, NCC, Prof Umar Danbatta, explained that…
Customs generates N1.5b daily
NOT less than N1.5billion is generated by the Nigeria Customs Service (NCS), the Comptroller-General, Col. Hameed Ali (rtd.), has disclosed. Ali stated this on Thursday when he paid a courtesy visit to the Chief of Naval Staff (CNS), Vice Admiral…
Samuel Eto’o brings health promotion messages to West Africa
A FIFA delegation led by FIFA Chief Medical Officer Prof. Jiří Dvořák and supported by Cameroonian superstar Samuel Eto’o has just completed a visit to Sierra Leone and Ghana to experience first-hand the progress of FIFA’s health campaigns. One year…
Court restrains FRC
The Federal High Court sitting in Lagos has restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc. The court order came two days after the Central Bank of Nigeria (CBN)…
MTN seeks review of $5.2b fine by 80%
MTN Group Limited in South Africa has appealed to the Nigerian Communications Communications (NCC) to review downward the $5.2 billion fine by 80 per cent. Bloomberg reported that the head of research of Renaissance Capital (RenCap) in Nigeria, Mr. Adesoji…
FG approves N413b for Oil Marketers
The Federal Government has approved the payment of N413 billion to petroleum products marketers being the outstanding payment for subsidy claims. In a statement, the Nigerian National Petroleum Corporation (NNPC) explained that it has also injected additional volumes of Premium…
VW gets 7-day ultimatum
The Consumer Protection Council (CPC) has issued a seven-day ultimatum to Volkswagen Nigeria to provide information on the status of its vehicles in relation to the emissions cheating software, which has allegedly affected 11 million cars worldwide. In a letter…
CBN clears Stanbic IBTC
REQUEST by the Financial Reporting Council of Nigeria (FRCN) to takes disciplinary action against Stanbic IBTC Holding Company Plc (SIBTCH) has been rejected by the Central Bank of Nigeria (CBN). According to CBN, FRCN did not follow due process in…