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Senate asks customs CG, Hameed Ali to resign

Senate asks customs CG, Hameed Ali to resign

The senate has called for the resignation of Hameed Ali, comptroller-general of the Nigeria Customs Service (NCS). The resolutions of the upper legislative chamber was sequel to prayers moved by Enyinnaya Abaribe, senator representing Abia south. The senate also declared Ali unfit to hold public office and condemned a letter written by Abubakar Malami, attorney-general

BREAKING: Malabu Scandal: Court returns OPL 245 to Shell, ENI

An Abuja Division of the Federal High Court has reversed its previous ruling which retrieved the control of one of Nigeria’s richest oil blocks, OPL 245, from Shell and ENI. The court had on January 26, issued an order, based on a motion by the Economic and Financial Crimes Commission, retrieving the ownership of the

BREAKING: Malabu Scandal: Court returns OPL 245 to Shell, ENI

An Abuja Division of the Federal High Court has reversed its previous ruling which retrieved the control of one of Nigeria’s richest oil blocks, OPL 245, from Shell and ENI. The court had on January 26, issued an order, based on a motion by the Economic and Financial Crimes Commission, retrieving the ownership of the

NNPC calls on NASS to pass PIB bill for stability in oil industry

The Nigerian National Petroleum Corporation (NNPC) has urged the National Assembly to pass the Petroleum Industry Bill (PIB) into law to dispel the air of uncertainty around the industry, create an enabling environment for the industry to flourish and dissuade the International Oil Companies (IOCs) from exiting the country. Group Managing Director of the NNPC,

Topup Africa introduces FCT residents to phone based business

..Urge Nigerian to embrace technology As parts of efforts to cushion the effects of the current economic recession in the country, a firm, Topup Africa limited, has empowered hundreds of residents of the federal Capital Territory (FCT) on how to use their mobile phones to make wealth. The residents who came from various part of

I was not appointed to wear uniform, customs CG replies senate

Hameed Ali, comptroller-general of the Nigeria customs service (NCS), says he was not appointed to wear a uniform. “I was not appointed comptroller-general to wear uniform,” he told TVC in an interview. “Does uniform work or the person behind the uniform? If we suspect that smuggled items are taken into your own house, we have

Oil prices falling again — sink to 3-month low

Oil prices are on the decline again, and this time, they have fallen to a three-month low. West Texas Intermediate is trading below $50, while Brent crude, the global benchmark for oil is hovering around $52 per barrel, its lowest price levels since December 2016. Since the Organisation of Petroleum Exporting Countries (OPEC) decided to

Reps pass bill prescribing 10-year jail term/N10m for violators of consumer rights

As part of efforts to ease the Nigerian business environment for investors and grow the economy, the House of Representatives has passed a Bill that seeks to, among other things, establish the Competition and Consumer Protection Tribunal to promote healthy business competition and strengthen consumer rights, The Nigerian Television Authority. The House adopted the recommendation

Etisalat blames Naira devaluation for its N377bn debt crisis

The Nigerian affiliate of Abu Dhabi-listed telecoms company Etisalat is in talks with 13 Nigerian banks to renegotiate the terms of a $1.2 billion loan it took out four years ago after missing a payment. At current official rate, the loan, without interest stands at N377 billion. Ibrahim Dikko, vice president for regulatory affairs at

FG releases much-awaited economic recovery plan

The federal government has finally released its economic recovery and growth plan (ERGP), which has been in the works since 2016. The document seen by TheCable is a medium term plan aimed at revamping the economy between 2017 and 2020. “The ERGP differs from previous plans in several ways. First, focused implementation is at the

Senate upturns Nigerian Customs vehicle duty ultimatum

The Senate has passed a resolution directing the Nigerian Customs Service to halt its plan to penalise Nigerians who do not pay duties on their vehicles within one month. The resolution, on Tuesday, followed a motion by the Deputy Leader, Bala Na’Allah, who said the new Customs policy was “a serious matter”. In his contribution,

Despite leadership change, Nigerian Customs remains riddled with corruption, inefficiency

On Monday January 30, the Comptroller-General of the Nigerian Customs Service, NCS, Hameed Ali, gathered journalists in Lagos and announced that officers of the agency on “information patrol” intercepted 661 Pump Action handguns concealed inside a 40 foot container. Reading from a prepared speech, Mr. Ali described the seizure as “the new normal” and a

OFFICIAL: 2016 recession is Nigeria’s worst decline since 1987

The National Bureau of Statistics (NBS) has confirmed that the 2016 economic recession was a full year recesssion, and the worst in the country’s history since 1987. In 1987, according to World Bank data, Nigeria had a full year decline in gross domestic product (GDP) was put at 10.8 percent. The country recorded recessions in

REVEALED: 141 domestic airlines have gone into extinction in 17 years

The Nigerian Civil Aviation Authority (NCAA) says from 150 airlines in its register when it started operating in 2000, only eight or nine airlines are operating in the country as of now. Sam Adurogboye, NCAA’s general manager, public relations, said this during an interactive session with reporters in Lagos, on Sunday. He said the agency

FG ‘still owing oil marketers N300bn subsidy arrears’

The federal government is yet to pay over N300 billion subsidy claims of major oil marketers for fuel imports between 2014-2015, says Akin Akinfemiwa, group chief executive officer of Forte Oil Nigeria. Akinfemiwa made the disclosure on Thursday when he appeared before the house of representatives ad hoc committee investigating debts owed to the Petroleum

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