Tag: Fines
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NBC and Fines: Is there still a National Assembly? – By Okoh Aihe
For the writer it can be a punishing ordeal to write on issues nobody seems to care about or looks the writer is totally ignored with his writings destined for a contemptuous place in the newspaper heap, until somebody with love for letters and reason climbs the stage.
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Overloaded trucks: Offenders to pay between N1m to N10m fine, Fashola tells truckers
Emman Ovuakporie Trucks carrying cargoes more than 12 tonnes on federal roads across Nigeria, will henceforth pay between N1 million and N10 million fine. The Minister of Works and Housing, Babatunde Fashola, said this on Thursday while inspecting the refurbished Digital Truck Weigh Bridge at Old Toll Gate along Lagos-Ibadan Expressway. Fashola said the measure…
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BREAKING: FG increases hate speech fine from N500,000 to N5m
The Federal Government on Tuesday raised the fine for hate speech from N500,000 to 5 million naira. The government also mandated broadcast stations to devote airtime for public education on emergencies such as the Covid-19 pandemic. The Minister of Information, Lai Mohammed, made this known in Lagos on Tuesday while unveiling the Reviewed Broadcasting Code.…
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NSE listing: MTN likely to scrap Nigerian IPO after CBN, FG fines
The management of MTN Group Limited is considering cancelling its much-awaited listing on the Nigerian Stock Exchange (NSE) via an Initial Public Offering (IPO). Some weeks ago, the Nigerian Communications Commission (NCC) said MTN agreed to list its shares on the local bourse before May 2019. This was part of an agreement reach to reduce…
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MTN speaks on alleged illegal repatriation, fines by CBN
MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were done…