Marriott to Host Aviation, Cargo Conference in Nigeria
The Lagos Marriott Hotel has announced that it will play host to the first AviaCargo event in Nigeria. The upscale Marriot was opened to the public in May 2021. Located in the heart of Ikeja GRA near the airport, it is well positioned to host aviation events.
FGN Bonds Record N11.75trn Combined Market Capitalisation —Research
Although the Federal Government of Nigeria (FGN) bonds are not the only game in town but they dominate the fixed-income space with a combined market capitalization of N11.75 trillion, according to FMDQ data.
FG will tax profits made by global tech, digital giants in Nigeria — Osinbajo
Legal provisions will be utilised to collect taxes on profits made locally by global technology and digital firms not based in Nigeria, but with significant economic presence in the country. Vice President Yemi Osinbajo stated this during an interaction with a delegation from the Chartered Institute of Taxation of Nigeria (CITN), led by its President, Mr Adesina Adedayo, at the Presidential Villa.
CBN may launch digital currency end of 2021 Official
The Central Bank of Nigeria on Thursday said that its digital currency might be launched by the end of 2021. This was disclosed by an Information Technology Specialist at CBN, Rakiyat Mohammed, during a news briefing at the end of the Bankers Committee meeting held in Lagos.
Buhari appoints Muhammad as Senior Citizens Centre board chair, Habib is new NEMA DG
President Muhammadu Buhari has approved the take-off of the National Senior Citizens Centre and the constitution of a 12-member board. The Centre was passed into law as the National Senior Citizens Centre Act, 2017 to cater for the needs of senior citizens (70 and above) in the country.
FG approves Lagos, Abuja, 2 other international airports as Special Economic Zones
The Nigerian Government announced it has approved four international airports in Lagos, Kano, Abuja and Port Harcourt as Special Economic Zones. This was disclosed in a statement by Aviation Minister, HadiSirika on Thursday morning
CBN removes N379/$1 exchange rate from website
The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the NAFEX rate is now the default reference exchange rate for official and legitimate transactions. A check by Nairametrics confirms it has been removed while sources within the CBN also confirmed it has been officially removed.
Badagry Deep Seaport to commence operations earlier than planned
Lagos State Government is ready to give the necessary support for the timely delivery of the Badagry Deep Seaport project. The Badagry Deep Seaport is expected to commence operations earlier than planned, as the Lagos State Government is ready to give the necessary support for the timely delivery of the project.
Buhari removes Bala Usman as NPA MD, appoints replacement
President Muhammadu Buhari has approved the recommendation of the Ministry of Transportation under Rt. Hon. Rotimi Amaechi for the setting up of an Administrative Panel of Inquiry to investigate the Management of the Nigerian Ports Authority (NPA).
N120b CBN metering intervention timely – Consumers
One of the myriad of challenges bedeviling the Nigerian Electricity Supply Industry (NESI) is metering. On its own, the Nigeria Electricity Regulatory Commission (NERC) in March 2021 directed the 11 Electricity Distribution Companies (DisCos) to replace obsolete and faulty meters. According to Order No. NERC/246/2021, of March 4, seven million customers in the electricity market were un-metered. The commission that alluded to an enumeration that was carried out added that three million meters among the installed ones were faulty. HERE