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Daily Archives: May 6, 2020

COVID-19: FG Exempts Medical Instruments From Customs Duty, VAT

FG adjusts 2020 budget to N10.52tn, adopts $25 oil benchmark

By Kenneth Jukpor   As part of efforts to ease the fiscal cost for importation of medical instruments to combat the COVID-19 pandemic, the Federal Government has stopped the payment of Customs duties on imported medical instruments.   Nigerian Customs ...

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Staff Retrenchment In Aviation Sector Would Be Suicidal – NCAA

16,426 Flights Delays Occur In Six Months- NCAA

By Ayoola Olaitan   Despite the colossal fiscal impact of the COVID-19 pandemic on the aviation sector, the Nigeria Civil Aviation Authority, (NCAA) has warned that staff retrenchment in the air travel industry would be suicidal.   The Public Relations ...

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Group Debunks STOAN’s Claim That Agents Failed To Optimize Storage Waivers

Import bills, supply chain disruptions to spike inflation further

By Kenneth Jukpor Following claims by the Seaport Terminal Operators of Nigeria (STOAN) that all terminals complied to the Federal Government’s directive to suspend storage charges during the recent lockdown, freight forwarders have accused STOAN of misleading the public. The ...

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Senate probes 5G network status

Senate probes 5G network status

The Senate on Tuesday commenced a probe into the planned deployment of the Fifth Generation Network in Nigeria. The red chamber took the decision after it adopted a motion moved by Senator Uche Ekwunife. Ekwunife, who is the Chairman, Senate ...

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Buhari stops import duty on medical equipment

Buhari stops import duty on medical equipment

As part of efforts to combat the COVID-19 pandemic, the President, Major General Muhammadu Buhari (retd.), has ordered the immediate evacuation of all imported medical equipment from Nigerian ports. This is even as the President has given a blanket waiver ...

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GenCos raise alarm over nation’s weak national grid

Gencos petition Presidency, NERC over admin charge

Electricity generation companies (GenCos) in Nigeria, have again raised an alarm over the epileptic performance of the nation’s national grid. Section 15.3.1 of the national grid code states that the Frequency shall be maintained at 50 Hz. This means that ...

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Experts seek review, sustainability measures as airports reopen Friday

Experts seek review, sustainability measures as airports reopen Friday

Aviation stakeholders have urged the Federal Government to constitute a committee to review the aviation sector and its sustainability in the coronavirus era. The experts, under the aegis of the Aviation Safety Round Table Initiative (ASRTI), said the call aligns ...

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Privatise refineries, CSOs tell FG

Privatise refineries, CSOs tell FG

A consortium of 15 civil society organisations on Tuesday asked the Federal Government to privatise Nigeria’s refineries and commit to the sustainability of the no-subsidy regime by articulating it into a law. According to the CSOs, this would help the ...

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NUPENG, PENGASSAN caution oil companies against sacking workers

NUPENG, PENGASSAN caution oil companies against sacking workers

The national leaderships of both the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria have cautioned companies in the oil and gas industry against sacking workers. The unions said ...

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FG’ll offer small oil fields for licensing –NNPC

FG’ll offer small oil fields for licensing –NNPC

The Federal Government will offer marginal oil fields for auction this year despite the crash in crude oil prices, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, has said. The country has not conducted any licensing ...

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Senate dares critics, considers health bill

Senate dares critics, considers health bill

• Gbajabiamila faults opponents of the proposed law • Stop unpopular legislations, CNPP warns N’Assembly • Urges lawmakers to present selves as guinea pigs The Senate yesterday began work on the controversial Health Emergency Bill despite the intense criticisms that trailed ...

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Lagos Airport Crisis: NAHCO, SAHCO Demand Storage Charges For Lockdown

Lagos Airport Crisis: NAHCO, SAHCO Demand Storage Charges For Lockdown

Freight agents protesting at the NAHCO cargo shed as crisis erupted at Lagos airport over storage charges, yesterday.  Business activities at the cargo section of Lagos airports were grounded yesterday as freight agents protested at the ground handling companies over ...

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