ICRC boss lauds FG’s commitment toward PPP projects in FCT
Businessam Staff
July 29, 2017
The Infrastructure Concession Regulatory Commission (ICRC) has commended the Federal Government for inaugurating the inter-ministerial implementation committee for the development of engineering infrastructure at Katampe District, Abuja.Chidi Izuwa, Acting Director-General of the commission said this in a statement by the acting Head of Media and Publicity of ICRC, Mr Manji Yarling. Chidi Izuwa, Acting Director-General […]
Activities pick up as CAC staff call off strike
Businessam StaffJuly 27, 2017
The Corporate Affairs Commission (CAC), Thursday resumed official business activities as its staff union called off the weeklong strike over non-payment of entitlements by the management. The offices of the commission at its corporate headquarters, Abuja, officially opened for customers and staff to carry out daily business transactions. The Amalgamated Union of Public Corporations, Civil […]
Ecowas studying ramifications of Morocco membership, Nigeria’s Foreign Affairs Minister says
Businessam StaffJuly 24, 2017
Geoffrey Onyeama Nigeria’s Foreign Affairs Minister said the Economic Community of West African States (Ecowas) is studying the implications of admitting Morocco following its request last month, June, to join the organisation, Bloomberg reports. Morocco’s request was accepted “in principle” by leaders of the group known as Ecowas at a June 4 summit in the […]
Nigeria imports goods worth N6.7 trillion in 2015–Minister
Businessam StaffJuly 15, 2017
Aisha Abubakar, Nigeria’s Minister of State for Industry, Trade and Investment on Friday, July 14 revealed that Nigeria expended more than N6.7 trillion in 2015 on the importation of goods that the country can produce locally, NAN reports. The minister made the statement in Kano during the opening of the North-West zonal sensitisation workshop on the […]
DMO sees $483.4m foreign debt service for Nigeria in 10 years
Businessam StaffJuly 12, 2017
Nigeria’s debt office plans to use $483.4 million to service its foreign debt over a 10-year period and make repayments starting from next year as its dollar debts begin to mature, it said in its annual report. Debt Management Office (DMO) projects debt service repayments to amount to a total of $4.47 billion to be made in 2018, 2021 […]
800 delegates expected as 2017 National Insurance Conference begins Monday
Businessam StaffJuly 10, 2017
No fewer than 800 delegates will participate in the 2017 National Insurance Conference (NIC) which begins on Monday in Abuja. Shola Tinubu, the Chairman, Planning Committee of the conference made this known in an interview with the News Agency of Nigeria (NAN) in Lagos Sunday. The conference, themed “Nigeria Open for Business,’’ will be declared […]
Customs to commence next batch of E-auction bidding Monday
Businessam StaffJuly 7, 2017
The Nigeria Customs Service (NCS) will commence the next batch of another 48 hours of bidding on July 10 as the e-auction committee reloads the portal with more items, NAN reports. Joseph Attah, NSC Public Relations Officer, according to NAN said the announcement of the 43 winners that emerged after the 48 hours of bidding […]
NIMASA, shipping companies urged to partner on sea time training
Businessam StaffJuly 4, 2017
A maritime expert, Chief Kunle Folarin, has advised the Management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to sign agreements with shipping companies on sea time training of cadets. In an interview win NAN, Folarin, the Chairman, National Seafarers Welfare Board, gave the advice in Lagos. “Shipping companies have their schedule of employment […]
Nigeria Customs launches electronic auction initiative
Businessam StaffJuly 3, 2017
The Nigeria Customs Service has launched an Electronic Auction initiative, which will increase the revenue generation and ports decongestion. Hammed Ali, the comptroller general of the Customs launched new initiative in Abuja Monday. According to the Comptroller, the electronic auction bidding process will replace the manual process of auctioning cars with which was characterized by […]
FIRS joins Automatic Exchange of Information to fight tax evasion
Businessam StaffJuly 3, 2017
Federal Inland Revenue Service is planning to partner with the global forum on Automatic Exchange of Information (AEOI) in an effort to reduce tax evasion in Nigeria, Babatunde Fowler, Executive Chairman, FIRS said. In a NAN’s report, Fowler disclosed this on Sunday in Lagos on the sideline of the just concluded workshop on Automatic Exchange of Information […]