House of Reps directs the FIRS to refund the Federal Capital Territory IRS, Here’s Why

Advertisement

Port Authority Decries Exportation Transport

The Nigerian Ports Authority (NPA) has decried a situation whereby over 95% of cargoes are exiting seaports through trucks, expressing its commitment to embrace multimodal transportation through the use of locomotive trains and barges. The Managing Director NPA, Hadiza Bala Usman, also reiterated the Authority’s determination to ensure effective service delivery in all Nigerian Ports[...]

Read More

Imam urges Nigerians to be trustworthy and selfless- Eid-el-Malaud

Sheik Abdul Isola, Chief Imam of Islamic Centre, Uwani, Enugu, has urged Nigerians to emulate the exemplary lifestyle of Prophet Muhammad Peace Be Upon Him (PBUH) by exhibiting trust and selflessness. Isola gave the admonition on Sunday in Enugu while speaking with the News Agency of Nigeria (NAN) on the celebration of 2019 Eid el-Maulud.[...]

Read More

Nigerians will enjoy Christmas Rice this year as well- NFSC

The National Food Security Council (NFSC), chaired by President Muhammadu Buhari, will make rice available before the Christmas festivity. The Deputy Chairman of the Council, Gov. Atiku Bagudu of Kebbi, stated this in an interview with News Agency of Nigeria (NAN) in Makkah, Saudi Arabia. He stated that the Council was aware of the current[...]

Read More

Impeachment Enquiry takes new turn as Former Vice President’s Son testifies

Republicans have asked that former Vice President Joe Biden’s son and the whistleblower whose complaint triggered the impeachment inquiry into U.S. President Donald Trump be called to testify in public hearings that begin next week. Democrats who control the U.S. House of Representatives, however, likely will reject appearances by Hunter Biden and the unidentified whistleblower[...]

Read More

Lagos State Budget is 11% of the National Budget, Here’s Why

Lagos State Governor, Babajide Sanwo-Olu on Friday presented a budget of N1.168 trillion to the Lagos State House of Assembly for approval for the 2020 fiscal year. The proposal represent 11.3 per cent of the proposed 2020 budget of the entire country which is put at 10.22 trillion. The proposed budget is to be funded[...]

Read More

Pope Appoints new ArchBishop of Abuja Catholic ArchDiocese

His Holiness Pope Francis has appointed a new ArchBishop for the Abuja ArchDiocese in the person of ArchBishop Ignatius Kaigama. The Holy Father has also accepted the retirement of His Eminence John Cardinal Onaiyekan. The statement was made available today by the Catholic Secretariat.

Read More

Dangote to renovate National Stadium

Sunday Dare, minister of youth and sports development, says Aliko Dangote, billionaire businessmen, has agreed to renovate some parts of the MKO Abiola Stadium, Abuja. In June, The Cable reported how the 60,000 capacity stadium had morphed into a shadow of its former self, with dilapidated facilities, grass and refuse littering virtually at every spot.[...]

Read More

Federal Government orders Termination of Cash Payments

The federal government has ordered immediate termination of cash payments in all Nigeria Postal Services (NIPOST) offices. Isa Pantami (pictured), minister of communications and digital economy, announced this in a statement issued by Uwa Suleiman, his spokesman on Thursday in Abuja. The statement quoted the minister as saying that some members of staff of NIPOST[...]

Read More

New Tech Startups to face Challenges finding Finances, Here’s Why

LISBON, Portugal — For tech start-ups trying to secure funding and go public, being in the black is the new black. At the Web Summit tech conference in Lisbon, Portugal this week, more than 2,000 start-ups vied for the attention, and pocketbooks, of venture capitalists, big tech companies and investment firms. Potential investors responded with[...]

Read More

Security officials flood Lagos as Governor presents Budget

There is a massive security presence in strategic positions of the Lagos House of Assembly ahead of the 2020 budget estimate presentation on Friday by Gov. Babajide Sanwo-Olu of the state. Security operatives who were already at their respective positions at about 7 a.m. included officers from the military personnel, Nigeria Police and the Lagos[...]

Read More

Chinese Economy in Trouble, Here’s Why!

China’s exports and imports declined in October, Reuters reported citing data from the country’s customs released on Friday. In dollar terms, exports fell 0.9% while imports fell 6.4% from a year ago in October, but beat analysts’ forecasts. Trade balance for October was $42.81 billion, compared to analyst forecasts of $40.83 billion. Economists polled by[...]

Read More

Osinbajo explains the need for Foreign Investments in Nigeria

THE Vice President, Prof. Yemi Osinbajo, has emphasised the need for mobilisation of domestic savings and foreign capital to finance the country’s needs in infrastructure, agriculture, housing and mining, among others. Osinbajo stated this at the FMDQ Securities Exchange Plc’s 2019 Nigerian Capital Market conference in Lagos. Represented by Ms Mary Uduk, Acting Director-General, Securities[...]

Read More

70% of West African seeds originate from Nigeria- Expert

Nigeria’s National Seed Council (NSC) has now emerged the dominant force in the West Africa seed industry, controlling about 70 percent of the agricultural seeds used in the sub-region. This was disclosed by the Director General of the Council, Dr Philip Olusegun, who said that the feat was a result of the transformation programme embarked[...]

Read More

Shocking way people now smuggle fuel at Borders and Government Response!

The federal government, through the Nigeria Customs Service, has directed that petroleum products should not be supplied to fuel stations within 20km of the borders. Hameed Ali, Customs comptroller general, issued the directive in a memo dated November 6 and seen by TheCable on Thursday. This directive would also be carried out under the ongoing[...]

Read More

N41billion worth of Crude oil has been stolen in Nigeria over the past Ten Years

The Nigeria Extractive Industries Transparency Initiative (NEITI) said that the country lost 41.9 billion dollars to stolen and refined crude oil products in ten years. NEITI disclosed this in its policy brief titled, “Stemming the Increasing Cost of Oil Theft to Nigeria” released in Abuja on Wednesday. A breakdown shows that the nation lost 38.5[...]

Read More

Lenovo amongst the Companies benefiting from the rise in Demand for Personal Computers

Chinese personal computer maker Lenovo Group reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts’ estimates, on the back of strengthening demand for its products. Lenovo’s net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv[...]

Read More