Customs awaits finance ministry’s nod to begin 25% slash on imported vehicles’ duties

imported vehicles' duties

Customs awaits finance ministry’s nod to begin 25% slash on imported vehicles’ duties   The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next week, the Nigeria Customs Service (NCS) said on Tuesday. Comptroller-General of Customs, Hameed Ali, who disclosed this to journalists in Abuja, said the management of the service was only waiting for an official communication from the finance ministry on the matter any moment from now. He said the vehicle tariff reduction, as contained in the 2020…

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NIMC empowers MTN, Glo, Airtel, 9Mobile to issue NIN

NIMC empowers MTN, Glo, Airtel, 9Mobile to issue NIN

NIMC empowers MTN, Glo, Airtel, 9Mobile to issue NIN   Telecommunications companies have been licensed to register people who do not have National Identity Numbers (NIN) so as to reduce the large crowds at the offices of the National Identity Management Commission (NIMC). Aliyu Aziz, the director-general of NIMC, said some other private and public organisations had also been licensed by the commission to provide NINs in order to address the crowds at commission’s offices. This came as workers of the commission told the press on Tuesday that the Minister…

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How Nigeria loses 41% in oil export proceeds

oil export proceeds

How Nigeria lost 41% in oil export proceeds   Proceeds from oil export fell by a whopping 41.44 per cent to $2.033 billion in the first nine months of 2020, compared to $3.47 billion received in the corresponding period of 2019, data from the Nigerian National Petroleum Corporation, NNPC, has revealed. NNPC had, in its September 2020 edition of the Monthly Financial and Operations Report (MFOR) disclosed that revenue from oil and gas export for the month of September, 2020, rose by 16 per cent to $120.49 million. But a…

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NIMC arrests illegal NIN enrolment agents in Kano

NIMC empowers MTN, Glo, Airtel, 9Mobile to issue NIN

NIMC arrests illegal NIN enrolment agents in Kano   The National Identity Management Commission (NIMC), last week, raided illegal operators of the National Identification Number (NIN) in Kano and made some arrests with the support of its legal team. NIMC, which gave the information on its official twitter handle explained: “We have arrested some illegal operators of NIMC activities by some Business Centre operators in Kano metropolis. For three days we went round Kano and we successfully made arrest of some illegal NIN enrolment agents, who pretend to be licensed…

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64 million SIM cards still lacking NIN as Buhari extend deadline

64 million SIM cards still lacking NIN as Buhari extend deadline

64 million SIM cards still lacking NIN as Buhari extend deadline   A total of about 143 million Subscriber Identification Modules (SIM) are now identifiable to the National Identity Management Commission (NIMC) for registration with their respective National Identity Numbers (NINs), telecommunications operators have said. Mobile operators also explained that the number of subscribers without NINs was about 21 million, as the deadline for the registration of SIMs with valid NINs draws near. Speaking on behalf of the firms, the Chairman, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Gbenga…

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FAAC disburses N619.343bn to FG, states LGs

FAAC disburses N619.343bn to FG

FAAC disburses N619.343bn to FG, states LGs   The Federation Accounts Allocation Committee (FAAC) on Wednesday at its virtual meeting shared a total sum of N619.343 billion as federation allocation for the month of December 2020 to the three tiers of government. From this amount, the Federal Government received N218.297 billion; states received N178.28 billion; Local Government councils got N131.792 billion; while the oil producing states received N31.827 billion as 13 per cent derivation of mineral revenue. A statement issued in Abuja by the spokesperson of the Federal Ministry of…

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AMCON set to launch national carrier with Arik, Aero planes

AMCON set to launch national carrier with Arik

AMCON set to launch national carrier with Arik, Aero planes   The planned takeoff of the national carrier, Nigeria Eagle, has reached an advanced stage as the Asset Management Corporation of Nigeria (AMCON) is reported to be pooling together its aviation assets, largely from the seized aircraft from Arik Air and Aerocontactors Airlines. According to an anonymous source who is familiar with the development, the national carrier is likely to commence operations in June this year and will have in its fleet a minimum of 10 aircraft. AMCON is expected…

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ATCON president, Nnanmani reacts to lost 1.65m broadband connections

ATCON President

ATCON president, Nnanmani reacts to lost 1.65m broadband connections   Engineer Ikechukwu Nnamani, the president of the Association of Telecommunication Companies of Nigeria (ATCON) has reacted to a reported decline in broadband connections in Nigeria. Business Metrics had reported that telecoms operators in Nigeria lost 1.65 million connections to broadband services on their networks in November, 2020, according to data obtained from the Nigerian Communications Commission (NCC). Reacting to the development, Nnamani said it would be misplaced to use the performance report of just one month to judge general performance…

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Nigeria still faces 500,000MT rice production shortage

Rice Production

Nigeria still faces 500,000MT rice production shortage   The Federal Government of Nigerian has disclosed that the country still faces 500,000 metric tonnes gap in rice production. It, however, stated that the country would soon close the gap and meet the seven million metric tonnes production capacity required to attain self-sufficiency. The Federal Ministry of Agriculture and Rural Development disclosed this in a statement issued in Abuja by the Deputy Director, Information, Eno Olotu. The statement quoted the Director, Federal Department of Agriculture, Karima Babaginda, to have said this while…

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NCC mourns loss of staff, family in road accident

NCC mourns loss of staff

NCC mourns loss of staff, family in road accident The Nigerian Communications Commission (NCC) has expressed shock and deepest grief over the loss of its staff, Mr. Nuhu Hamman’Gabdo in a road accident. Hamman ’Gabdo died alongside his wife, four children, his niece and driver in an accident that occured on Saturday, January 9, 2021 along Nasarawa-Abuja Expressway while the deceased and his family were returning from his country home, Serti in Gashaka Local Government Area of Taraba State. Until his death, Hamman ’Gabdo was a Principal Manager in the…

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