You Can Now Pay For Facebook Ads In Naira
Chris Cox, chief product officer of Facebook, says the social networking company is now accepting payment for advertisement in naira. According to NAN, Cox disclosed this at an interactive session with journalists in Lagos, on Monday. He said the decision was one of the requests made of Mark Zuckerberg, Facebook’s founder, when he visited Nigeria in 2016. “In response, Facebook has started accepting locally issued Nigerian naira cards from new advertisers for payments on its ads platform,” he said.
No More Seven! CAC Can Now Register Your Business Via A Single Form
This was revealed by Garba Abubakar, the special adviser to the commission’s registrar-general of the commission, at the Lagos stakeholders forum of the Enabling Business Environment Secretariat (EBES). “We now have just one form which has been deployed this week. It contains all the information you need to register and is available for download on the CAC website. This reduces the cost and time needed to register a business,” Abubakar said. Abubakar said the CAC would ensure that business owners are able to upload documents electronically as part of its deliverables in the 60-day national action plan on Ease of Doing Business in Nigeria.
BoI Kickstarts Training Of 1,600 Youths In Gemstone Production
The Bank of Industry (BoI) on Monday began the training of 1,600 youths in gemstones production to aid economic recovery and diversification. Mr Waheed Olagunju, Acting Managing Director, BoI, at the commencement in Kaduna, said that extraction, processing and trading in gemstones would expedite recovery, transformation and diversification of the economy. The News Agency of Nigeria (NAN) reports that gemstone is a piece of mineral (or other rock or organic material) that after been cut and polished, can be made into a piece of jewelry or other accessory.
Arik Air Owes IATA $78m – AMCON
The Asset Management Corporation of Nigeria (AMCON) on Monday said Arik Air, under its previous management, owed the International Air Transport Association (IATA) $78 million. Mr Simon Tumba, Media Consultant to Arik Air, gave the figure while speaking with newsmen in Lagos. The airline was on Feb. 9 taken over by the Federal Government under the auspices of AMCON as a result of its huge debt profile.
FG Appoints New Management For NCAA
The Federal Government on Monday approved the appointment of five new Directors and one General Manager for the Nigerian Civil Aviation Authority (NCAA). NCAA made the announcement in a statement issued by its General Manager, Public Affairs, Mr Sam Adurogboye, in Lagos. Adurogboye explained that the appointment was with immediate effect.
NAGAFF Advises CBN To Introduce More Interventions To Strengthen The Naira
The National Association of Government Approved Freight Forwarders (NAGAFF) on Monday advised the Central Bank of Nigeria (CBN) to introduce more interventions that would further strengthen the naira. Mr Stanley Ezenga, National Publicity Secretary of the association, gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos. He said the 13 per cent appreciation of the naira following the Feb. 20 CBN intervention was good news for the economy.
N8bn CBN Currency Scam: Absence Of Defence Counsel Stalls Trial
The eight billion naira CBN currency scam before Justice Joyce Abdulmaleek of the Federal High Court, Ibadan, suffered another adjournmnt on Monday because of the absence of Mr Olayinka Bolanle, a defence counsel. Bolanle is the counsel to Kolawole Babalola, the first accused person.Abdulmaleek, in his ruling, adjourned the case till March 27. She held that it was the last time she would be adjourning the case at the instance of Bolanle for no reason.
Oil Spill: Ex-Commissioner Urges Shell To Compensate Bayelsa Communities
The immediate past Commissioner for Environment in Bayelsa, Mr Iniruo Wills, has appealed to the Shell Petroleum Development Company (SPDC) to compensate Bayelsa communities for the Seibou oil spillage of 2015. Wills told the News Agency of Nigeria (NAN) in Yenagoa that Shell should adopt the industry’s best practices on the issue and compensate Keme-Ebiama and Azagbene communities. Wills, who led a team of investigators on a visit to the site on Feb. 10, 2015, shortly after the spillage, said that the spillage was beyond the tolerable limits for oil discharge.
Lagos IPMAN Threatens Two-Week Strike Over Alleged DPR Extortion
The Lagos State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has threatened the Federal Government with two weeks warning strike in the next few days over depot owners’ exorbitant prices of fuel products and DPR extortion. The Association also threatened to shut down all its members 2, 000 fuel stations across Lagos State and its environs.
Domestic Airlines Drop From 150 To 8 – NCAA
The number of domestic airlines in the country has dropped from 150 to eight in the last 17 years, the Nigerian Civil Aviation Authority has said. General Manager, Public Relations of NCAA, Sam Adurogboye, said during an interaction with journalists. He maintained that the decline was as a result of lack of proper corporate governance and inability to fulfill safe operations, rather than multiple charges as some of the airlines had claimed.