TransportationTravel & Tourism

The contractor missed the April completion date for the Lagos-Ibadan Expressway

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May 1, 2023
The Federal Government has again postponed the reopening of the Lagos-Ibadan Expressway, saying the April 30 date earlier stated will no longer be feasible. The Minister of Works and Housing, Mr Babatunde Fashola, who dropped the hint, said the development was due to heavy traffic being experienced from toll gate to the Kara Bridge section of the Lagos-Ibadan Expressway. Fashola made the appeal in…
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Technology

FG is exempt from 5% communication tax

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May 1, 2023
The Federal Government is reportedly set to proceed with its implementation of a five per cent excise duty tax on mobile telephone services, fixed telephone, and Internet services. This is despite a recent communication by the Minister of Communications and Digital Economy…
Real Estate

Developers advise governments on building codes.

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May 1, 2023
Developers in the real estate sector have accused the government of prioritising revenue generation over the implementation of policies. The Chief Executive Officer of Darryl Homes Nigeria Limited, Omotayo Odumade, said the government had turned the real estate industry into…
Business Explorer

Femi Otedola Sells His Shares In Transcorp

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April 28, 2023
Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc, Nairametrics can confirm. Otedola had acquired a 6% stake in Transcorp over a series of carefully orchestrated purchases going almost unnoticed until the acquisition was announced. Nairametrics first announced the acquisition. Reliable sources with knowledge of the transaction inform Nairametrics that the…
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Brands & People

Unilever appoints new MD

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April 25, 2023
Fast-moving consumer goods manufacturer, Unilever Nigeria PLC, has announced the appointment of a new Managing Director, Tim Kleinebenne. This followed the resignation of Carl Raymond Cruz, with effect from May 4, 2023. The appointment of Kleinebenne was announced on…
Education

UNILAG student wins EY tax contest.

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April 25, 2023
Moyosoreoluwa Dada, a final year of the University of Lagos, has been crowned the overall winner of the ‘EY Young Tax Professional of the Year 2023’ competition. A statement said she led nine other finalists to come tops in a fiercely contested competition, at the just…
Technology

According to the GSMA, mobile money acceptance rates are lower for women.

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April 24, 2023
Women are less likely than men to use mobile money services, GSMA has stated. According to the global body of telecommunication firms, the reason for this includes not owning a mobile phone, not being aware of mobile money, not perceiving the relevance of mobile money, and having low literacy and digital and financial skills. In its ‘The State of the Industry Report on Mobile Money (2023)’, it…
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Technology

9mobile invests N70billion to upgrade network

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April 22, 2023
A telecommunications company, 9mobile, on Tuesday, said it has invested N70 billion in its ongoing network modernisation. The Chief Executive Officer of 9mobile, Juergen Peschel, in a statement, during its annual Channel Partners Conference held recently in Lagos said additional 600 new sites, equipped with 4G LTE facilities would be deployed alongside the new broadband services to enlarge its…
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