Telecom Operators Invested N471.9bn In 2019 - NCC       The capital investment of mobile network operators and other telecom service providers in 2019 stood at N471.91bn, growing by seven per cent; the latest report by the Nigerian Communications Commission has shown. The capital investment of operators increased...

Freight Forwarders Decry High Debt Notes By Customs       Freight Forwarders in Lagos have called on the Comptroller General of the Nigeria Customs Service (NCS), Col. Hameed Ali (rtd) to curb the indiscriminate issuance of Debit Note (DN) by the compliance team at the Tin-Can Island...

LCCI Concerned About Food Security, Inflation As Floods Hit States       With food inflation already spiralling out of control, thus putting pressure on disposable income of many households, the Lagos Chamber of Commerce and Industry (LCCI), has expressed concern over the recent incidents of flooding in...

Nigeria’s Debt Fast Becoming Unsustainable, May Reach N34trn – LCCI       The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end. The President,...

Stocks Hit More Than Five-year High, Gain N710bn       The Nigerian stock market sustained its positive outlook on Tuesday for the 12th trading session as the All-Share Index rose by 4.92 per cent to its highest in more than five years. The market capitalisation of equities appreciated...

‘18 Unviable Airports Account For N65bn Revenue Shortfall’       The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion. Management of FAAN, while appearing before the House of...