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Daily Archives: Friday, November 10, 2017

Experts, ACCI disagree with IMF on tax holidays


The Abuja Chamber of Commerce and Industry, as well as some finance and economic experts, on Friday disagreed with the call by the International Monetary Fund that the Federal Government should stop granting tax waivers and exemptions to companies. The IMF had advised the Federal Government to urgently revisit tax holidays and exemptions given to companies. It specifically urged Nigeria ...

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Mambilla: FG, Chinese consortium sign $5.8bn power plant agreement

BEIJING, CHINA - APRIL 12:  President of the Federal Republic of Nigeria Muhammadu Buhari (L) and Chinese President, Xi Jinping (R) shake hands during the signing ceremony at Great Hall of the People on April 12, 2016 in Beijing, China. (Photo by /Kyodo News - Pool/Getty Images)

The Federal Government and a consortium of three Chinese firms on Friday signed an agreement for the construction of the 3,050 megawatts Mambilla Hydroelectric Power Plant worth $5.79bn. According to the government, the project which is being constructed in Taraba State is expected to be completed in six years. Funding for the power plant will come from China and the ...

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Tandoh replaces Tinubu as LSSC boss

L-R Hon. Alderman Roger Gifford, Lord Mayor of the City of London, Gov. Babatunde Fashola of Lagos state and Mr. Peter Carter, Deputy British High Commissioner in Lagos, During the Lord Mayor of the City of London visit Governor of Lagos state in Ikeja. Photo: Bunmi Azeez

A former Director of Sports at the Lagos State Sports Council, Dr. Kweku Tandoh, has been appointed as the Chairman of the Lagos State Sports Commission by the state governor, Akinwunmi Ambode. The governor also appointed Babatunde Bank-Anthony as the new Director-General of the commission. Bank-Anthony was the former Executive Secretary of the Lagos State Sports Endowment Funds. The appointments ...

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Vote and die, IPOB threatens Anambra residents


One week to the governorship election in Anambra State, the proscribed Indigenous People of Biafra has threatened voters with death if they vote. They also vowed to disrupt the election. The members of the group marched around some streets in Onitsha, Anambra State on Friday, vowing a lockdown on the day of the election, which is scheduled to hold on ...

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Trustworthy Nigerians Needed Globally – Yemi Osinbajo Preaches


The Vice President, Professor Yemi Osinbajo has asked Nigerian youths to recommit to the principles of hard work, diligence, and credibility saying the world is in search of a trustworthy Nigerians. Speaking at the 10th convocation ceremony of Lead City University (LCU), Ibadan where 39 students of the institution graduated with first-class Honours, Osinbajo said Nigeria is painted black by ...

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We Are Not Responsible For Paying Whitstblowers – EFCC Reveals


The Economic and Financial Crimes Commission has clarified remarks credited to its Acting Chairman, Mr Ibrahim Magu, concerning the Ikoyi whistleblower on Thursday. Spokesman of the commission, Mr Wilson Uwujaren, said in a statement on Friday that Magu never said the whistleblower had been paid his compensation as being insinuated in a section of the media. The informant had provided ...

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