The Nigeria Customs Service has officially released a circular announcing the reduction of import duties on both used and new vehicles. Customs National Spokesman, Timi Bomodi, disclosed in a statement that the service new duty rate for both used and new vehicles is now twenty percent as against the thirty five percent usually paid. The statement noted…
The Central Bank of Nigeria has urged Nigerians to avoid business transaction with illegal and unregistered financial operators who entice and scam members of the public with large profits. The Central Bank disclosed this in a circular released on its website signed by the Secretary of the Financial Services Regulation Coordinating Committee. The apex bank told the…
Elon Musk has taken a major stake on Twitter. Musk who is the world’s richest man and CEO of electric vehicle company Tesla, is a frequent Twitter user who often posts controversial messages and announcements about social media companies. Document filed with the US Securities and Exchange Commission showed that the South African-born billionaire acquired nearly seventy-three-point…
All mobile phone lines that have not been linked to the National Identification Number platform will no longer be able to make calls. This move may affect up to seventy-two-point-eight million mobile telecoms subscribers who are yet to comply with the government directive to link their SIM cards to their National Identification Numbers. This is as a…
The new head office of the Bank of Industry, also known as Tower 2 Building, has been opened in the Federal Capital Territory, Abuja. President Muhammadu Buhari commissioned the 15-storey Bank of Industry building through a zoom link from the State House in Abuja. President Buhari said he was impressed that the money that was spent on…
The Association of Licensed Telecommunications Operators of Nigeria has warned about disruption of communication services in parts of the country. Areas to be affected include Kogi, Nassarawa, Benue, Enugu, Anambra, Edo, Ondo, Ekiti, Kwara, and Niger states, as well as parts of Abuja. The association said this is because of pressure by the Kogi State Internal Revenue…