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Emirates Airlines has vowed to contest the judgement of a Federal High Court in Lagos which ordered it to pay $1.63m to a businessman, Orji Ikem. Ikem had accused the airline of losing his hand luggage, which went missing during his trip to China in 2007. According to a statement from the public relations firm for the carrier made available ...
Business
January, 2021
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13 January
Confusion as NIMC says “You can’t link SIM with BVN-generated NIN”
Nigerians are wondering about the next step after identification registration. The confusion is coming in as National Identity Management Commission on Tuesday said Subscriber Identification Modules would not be linked with National Identity Numbers generated through Bank Verification Numbers. It disclosed this in tweets via its official Twitter handle, stressing that individuals with BVN-generated NINs should visit NIMC offices to ...
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12 January
COVID-19: Jan 18 School Resumption Date no longer feasible – FG
The Federal Government has said the planned 18th January resumption date for schools is not sacrosanct and a new date might be announced soon. The Minister of Education, Mallam Adamu Adamu, said this on Monday in Abuja at the joint national briefing of the Presidential Task Force (PTF) on COVID-19. According to him, the the ministry would meet on Tuesday ...
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12 January
Oyedepo’s son outlaws tithe, says ‘offer what you can afford’
In a very surprising move, diametrically opposed to his father’s view on paying 10% as offering, Isaac Oyedepo, son of David Oyedepo of Living Faith Church, has said Christians should give only what they can afford as offering. He urged them not to allow any pastor make them give more than they are able. He said this in a sermon ...
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12 January
Court Slams $1.6m, N50m On Emirates Airlines for unlawful act
A Lagos Federal High Court, has ordered the airline to pay back money and properties lost by a businessman. The court also awarded the sum of N50 million against Emirates Airlines, for the untold hardship it subjected the businessman to, as a result of the said illegal and unlawful conversion of the businessman’s hand luggage that warehoused the said $1, ...
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12 January
Amaechi signs Kano-Dutse railway to Niger Republic, Critics punch holes
Chibuike Amaechi,the honorable minister has signed the contract documents for the commencement of the Kano-Maradi, Kano-Dutse railway project. The contractor, Mota-Engil Group, a Multinational Construction firm has also agreed to build a University as part of their CSR for the project .” Minister of Transportation, Rotimi Amaechi, signed on behalf of the Federal Government, while the Managing Director, Mota-Engil, Antonio ...
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12 January
FG Loses N5.4tr To Tax Evasion By Multinationals In 10yrs
The Federal Inland Revenue Service (FIRS) has said Nigeria lost over $178 billion (about N5.4 trillion) through tax evasion by multinational firms between 2007 and 2017. Executive Chairman, FIRS, Mr. Muhammad Nami, disclosed this in Abuja on Monday at a ‘Workshop on Effective Audit of Multinational Corporations for Domestic Revenue Mobilisation in Nigeria,” organized by FIRS and the Tax Justice ...
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12 January
DisCos Install Only 525,000 Meters In 2 Yrs
The 11 electricity Distribution Companies (DisCos) have installed only 525,120 meters in the last two years, just as about six million power consumers languish under estimated billing as of 2020. The low installation figure is 7.5 per cent of the DisCos’ contracted supply of 7.6m meters between 2019 and November 2020. According to a statistics report on the metering status ...
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12 January
CAC begins sanction from April 1 on annual return defaulters
The Corporate Affairs Commission (CAC) has given registered companies till April 1 to validate their bank accounts or get sanctioned. Its Registrar General Garba Abubakar vowed firms who have refused to revalidate their accounts will not be accredited. Abubakar told reporters in Abuja of needs by firms to update their information as the commission is considering an amnesty for a ...
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12 January
Amotekun crisis in Oyo :Police probe 47 armed Fulani
Forty-seven Fulani men armed with guns and other weapons have been arrested in Igangan, Oyo State, by men of Operation Burst, which is a joint security team of soldiers and policemen. The suspects were arrested in the early hours of Sunday by the Ofiki River along the Tapa/Igangan Road in the Ibarapa North Local Government Area of the state. ...
