• NCC to sanction various operators over unsolicited telemarketing

    NCC to sanction various operators over unsolicited telemarketing

    The Nigerian Communications Commission (NCC) on Monday said it would sanction 13 telecommunications operators for failing to comply with the ‘2442 Do Not Disturb (DND)’ directive on unsolicited telemarketing.

    According to a statement signed by the NCC’s Director of Public Affairs, Mr Tony Ojobo, the directive was issued on April 20, 2016.

    Ojobo said that the 13 operators included: Airtel Network Ltd., MTN Nigeria, Globacom Nigeria, Smile Communication, Visafone Communications, Ntel, Etisalat, Multi-Links, Starcomms, Danjay Telecoms, Gamjitel Ltd., Megatech Engineering Ltd. and […]

  • Fraud: Court grants 2 bureaus de change operators N1m bail

    Fraud: Court grants 2 bureaus de change operators N1m bail

    A Wuse Zone 2 Chief Magistrates’ Court on Thursday in Abuja granted two bureaus de change operators N1million bail each for allegedly defrauding a man of N17million.

    The defendants are Abdullahi Garba and Musa Abba, both of Wuse Zone 4, Abuja.

    The duo is facing a three-count charge of a joint act, criminal breach of trust and cheating.

    The prosecutor, Asa Oyeyemi, told the court that one Abuh Danjuma of Mararaba, Abuja, reported the case at the Wuse Police Station on November 1

    Oyeyemi, […]

  • CBN warns against patronage of illegal money transfer operators

    CBN warns against patronage of illegal money transfer operators

    According to reports, the Central Bank of Nigeria on Tuesday again warned against the patronage of illegal money transfer operators stating that the development is undermining the efforts of the apex bank in sanitising the system.

    The bank in a statement issued by the Acting Director, Corporate Communications Department, Mr Isaac Okoroafor, said Nigerians in the Diaspora stand the risk of being defrauded by the illegal operators.

    The statement reads in part, “The attention of the Central Bank of Nigeria has been […]

  • Commuters stranded in Lagos as LAGBUS operators embark on strike

    Commuters stranded in Lagos as LAGBUS operators embark on strike

    Hundreds of commuters in Lagos were on Monday stranded at various bus stops in due to strike embarked on by operators of Lagbus Asset Management Ltd. (LAGBUS).

    LAGBUS manages the Lagos State owned branded red luxury commercial buses on some routes in Lagos.

    The News Agency of Nigeria (NAN) reports that some commuters, who were caught unawares by the strike, said they would return home as they could not afford the sudden hike in transport fares by other commercial buses.

    Mr Amusa Johnson, […]

  • Damaged airport runways may cause major accident – Operators

    Damaged airport runways may cause major accident – Operators

    Airline operators have called on the Federal Airports Authority of Nigeria (FAAN) to avert imminent tragic accident by urgently rehabilitating the runways at the Murtala Muhammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja, which have degenerated over the years and are now damaging aircraft gears on landing and take-off.

    The latest aircraft involved is a private jet with registration number VQBRZ, which landing gear was damaged at the domestic runway of the Lagos airport, R18L yesterday and […]

  • 47 airlines have folded up in Nigeria — Operators

    47 airlines have folded up in Nigeria — Operators

    Airline operators on Wednesday blamed the dwindling fortunes of some airlines in the country on the harsh operating environment.

    They told the House of Representatives Committee on Aviation that 47 airlines had folded up in the last 30 years owing to the unfavourable operating environment.

    The Secretary General, Airline Operators of Nigeria, Capt. Mohammed Joji, who spoke on behalf of his colleagues, attributed the development to “policy formulation, policy deviation and policy contradictions on the part of the executive arm of government.”

    The […]

  • CBN approves special forex window for airline operators, manufacturers

    CBN approves special forex window for airline operators, manufacturers

    It was gathered that the Central Bank of Nigeria (CBN), Friday approved a Special Secondary Market Intervention Retail Sales (SMIS) forex window for domestic airline operators and manufacturers to stimulate ease of doing business in the sectors.

    The Minister of State for Aviation, Mr. Hadi Sirika, said the important one-off-stop-shop would fast track easy clearance of the backlog of matured Foreign Exchange (FX) obligations.

    The disclosure made public in a statement signed by Mr. James Odaudu, the Deputy Director, Public Affairs in […]

  • Reps seek severe penalties for baby factory operators

    Reps seek severe penalties for baby factory operators

    It was gathered that the house of representatives has read for a second time a bill for an act to amend Trafficking in Persons (prohibition) law enforcement and administration act of 2005 seeking severe penalties against baby factory operators.

    Sponsor of the bill, Hon. Enitan Dolapo Badru in his lead debate said the bill intended to prescribe punishment for those involved in the obnoxious act of racketeering with human pregnancy, operation of baby production factory, persons harbouring pregnant persons under the […]

  • Illegal gun factory operators arrested in Benue

    Illegal gun factory operators arrested in Benue

    The Police in Benue on Tuesday said they arrested two persons suspected to be operating an illegal gun factory in the state.

    The Police Public Relations Officer (PPRO) in the state, Moses Yamu, an Assistant Superintendent of Police, told the News Agency of Nigeria (NAN) in Makurdi that the suspects were nabbed by the command’s “Operation Zenda’’.

    Yamu said that the squad was on stop-and-search duty along Vandiekya-Adikpo road, when the suspects were caught, adding that at the men had a locally-made […]

  • CBN directs banks to sell forex to Bureau De Change operators

    CBN directs banks to sell forex to Bureau De Change operators

    The Central Bank of Nigeria (CBN) has directed agent banks to approved international money transfer operators to sell foreign currency accruing from inward money remittances to licensed Bureau De Change operators (BDCs).

    The directive is in a circular with reference number, “TED/FEM/ FPC/GEN/01/004, dated July 22, 2016 and posted on its Website’’.

    The circular by the Acting Director, Trade and Exchange Department, Mr W.D. Gotring, is part of efforts to ensure the stability of the Naira exchange rate.

    It also said that the […]

  • CBN orders fund transfer operators to sell forex to BDCs

    CBN orders fund transfer operators to sell forex to BDCs

    AS past of efforts to ensure the stability of the naira exchange rate and to encourage all criti­cal stakeholders to participate in the foreign exchange market, the Central Bank of Nigeria (CBN), yesterday directed authorised dealers who are agents to approved international money transfer operators, to sell foreign currency accru­ing from inward money remittances to licensed bureau de change operators in the country.

    The bank in a circular referenced, TED/FEM/ FPC/GEN/01/004, dated July 22, 2016, and signed by Acting Director, Trade […]