Business News In Nigeria Today 2nd February 2019

iDONSABI presents the business news in Nigeria today 2nd February 2019.

Airtel Promotes Giving Culture

Airtel Nigeria has said that courtesy of its Touching Lives initiative, it aims to promote the culture of giving among Nigerians.

The Managing Director and Chief Executive Officer, Airtel Nigeria, Mr. Segun Ogunsanya, stated  this  in Lagos while announcing the fifth season of the Airtel Touching Lives programme.


Nigeria’s Debt Still Within Acceptable Limit – Finance Minister

The Minister of Finance, Mrs Zainab Ahmed, has said that Nigeria has enough capacity to repay its debt obligations which stands at about $22.08bn.

A statement from her Media Adviser, Paul Abechi, stated that the minister said this at the Deloitte Economic Outlook conference, where she presented a paper titled, ‘Revenue growth and economic development: Expectations for 2019.’


Stakeholders Protest NSC’s Registration Fee

Importers, freight forwarders, shipping lines and other port service providers, have registered their displeasure about the introduction of a new registration fee by the Nigerian Shippers’ Council.

At a sensitisation workshop organised by the NSC on Thursday, the stakeholders said there were too many charges in the sector from various government agencies.


States Recorded N264.38bn IGR Growth In Q3 2018

States and Federal Capital Territory recorded N264.38bn as Internally Generated Revenue in the third quarter of 2018, compared to N279.78bn recorded in the half-year of 2018.

The National Bureau of Statistics disclosed this on Friday in its states level IGR records for Q3 2018.

This indicated a negative growth of -5.08 per cent quarter on quarter, the NBS stated.


FAAN Moves PH Airport’s Local Operations To Old International Terminal

The Federal Airports Authority of Nigeria has dismantled the makeshift tent at the Port Harcourt International Airport, following the recent inauguration of the new terminal.

The agency has also moved local flight operations from the tent to the old international terminal.


NBML To Continue Operation –AMCON

The Asset Management Corporation of Nigeria has said that the Nigerian Braiding Manufacturers Limited will continue operations.

In a statement on Friday, AMCON said it recently took over the NBML, a Kano State-based textile company, because of the company’s non-performing loans purchased from the banks by the government agency.


Foreigners, Others Quit Contributory Pension, Withdraw N24.95bn

Foreign nationals have opted out of the Contributory Pension Scheme and withdrawn all their contributions from their respective Retirement Savings Accounts.

The foreigners decided to return to their countries after working in Nigeria.

Similarly, some retirees under the CPS, who could not be entitled to monthly pensions due to low savings in their RSAs, have also withdrawn their contributions in their RSAs and left the scheme.


Manufacturers Spent N246bn On Fuelling Generators In Two years —MAN

Against the backdrop of the worsening public power supply, new data have emerged showing that manufacturers in Nigeria spent a total of N246.38bn generating their own electricity between 2016 and 2017.

Further analysis of the data compiled by the Manufacturers Association of Nigeria showed that the operators spent N129bn in 2016 and N117.38bn in 2017 on private power generation.

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