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Category: Economy

Business Economy

CBN, NCC intervenes in Etisalat/Banks crisis to save jobs, Asset Stripping

Iheanyi Ejiofor June 23, 2017 headline

Following the deepening crisis between Etisalat and a consortium of 13 Nigerian Banks over a syndicated loan of about US$1.2 billion granted the telecom company by the banks, the Central…

Read More CBN, NCC intervenes in Etisalat/Banks crisis to save jobs, Asset Stripping
Business Economy Maritime

Nigeria, Ghana to Sign MoU on Cabotage Implementation

Iheanyi Ejiofor June 23, 2017 headline

In continuation of its quest to make Africa compete favourably with other maritime nations in the world, the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) is…

Read More Nigeria, Ghana to Sign MoU on Cabotage Implementation
Business Economy Maritime

Fuel scarcity looms as Apapa road reconstruction commences

Iheanyi Ejiofor June 23, 2017 headline

…Tanker drivers can’t assess fuel …FG gives drivers 7 days ultimatum to vacate …Depot owners begin strike over $2bn debt Unless government intervenes, Nigerians may soon experience another round of…

Read More Fuel scarcity looms as Apapa road reconstruction commences
Economy

NCC pledges to protect 21m Etisalat subscribers

Iheanyi Ejiofor June 22, 2017

The Nigeria Communication Commission (NCC) has assured millions of subscribers registered with Etisalat, the troubled telecommunications company that they will not in anyway be affected negatively. The commission’s position was…

Read More NCC pledges to protect 21m Etisalat subscribers
Business Economy Maritime

INTELS drags NPA to court over proposed de-categorisation of terminal operations

Iheanyi Ejiofor June 21, 2017

INTELS Nigeria Limited has stated that the proposed de-categorisation of the terminals by the Nigerian Ports Authority (NPA) will not only jeopardise the prospect of recovering its investments under the…

Read More INTELS drags NPA to court over proposed de-categorisation of terminal operations

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