Shola Shittu

Nigeria Customs Insists on Payment of Duty by All Vehicle Owners

• Grants 60% rebate on vehicles imported before 2016 Despite the Senate resolution directing the Nigeria Customs Service (NCS) to stay action on its month-long grace to owners of all vehicles in the country whose customs duty had not been...

Federation Account allocation dips by N31.8b in October

The 36 states of the federation shared N111.8 billion in October. It is less than the N143.6 billion shared in September from the Federation Account by N31.8 billion. The breakdown forms part of a report yesterday by the News Agency of...

Probe: CJNs, Justices, Staffs Receive Special Allowances

Detectives have uncovered huge cash payments to Supreme Court Justices, members of the management and staff of the apex court. The Nation reports that some of the payments, which were effected through a secret/ Operation Account, are alleged to be...

Buhari Vows to Revamp Agriculture in N’Delta

  President Muhammadu Buhari at the weekend in Yenagoa, the Bayelsa State capital, vowed to revamp the economy of the Niger Delta to ensure that in the next few years, agriculture would coexist and compete favourably with proceeds from the...

Fitch Revises Nigerian Banks’ Issuer Default Ratings Downward

Fitch Ratings has revised downward the Long-Term Issuer Default Ratings (IDRs) of First Bank of Nigeria Limited, FBN Holdings Plc (FBNH), Diamond Bank Plc, Fidelity Bank Plc, First City Monument Bank Limited (FCMB) and Union Bank of Nigeria Plc...

Emefiele seeks Cabotage Act, phone tax to raise N2trn

As Nigeria’s economic recession bites harder and unemployment rate soaring, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised the Federal Government to cut its losses by fully implementing the 2003 Cabotage Act to turn...
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