NIGERIA HAS GAINED OVER $5BN PROJECTS FROM CHINA – BUHARI
President Muhammadu Buhari said on Tuesday that Nigeria had gained from China the execution of infrastructure projects worth $5bn across the country.

The President said under the partnership with China through the Forum on China-Africa Cooperation, the projects had been executed in the last three years of his administration.

A statement by the Senior Special Assistant to the President on Media and Publicity, Mr Garba Shehu, quoted Buhari as saying this on Tuesday in Beijing at the FOCAC round-table attended by African leaders and the Chinese President, Xi Jinping.
Read more at; https://newsbreakers.ng/nigeria-has-gained-over-5bn-projects-from-china-buhari/


MORE TROUBLE FOR MTN AS TELECOM GIANT FACES FRESH $2 BILLION TAX DEMAND
The Nigerian government has slammed South African telecoms giant, MTN Group, with a $2 billion tax demand.

The new tax bill incurred by the telecom firm over the last decade comes amid controversies generated by the government’s directive to MTN to hand over $8.1 billion it accused the firm of illegally sending abroad with the collusion of four banks.

MTN said it had been in talks with Nigeria’s Attorney-General, Abubakar Malami, over concerns around tax compliance; but it was billed all the same.
Read more at; https://newsbreakers.ng/more-trouble-for-mtn-as-telecom-giant-faces-fresh-2-billion-tax-demand/


NIGERIA AIR: DECEMBER COMMENCEMENT DATE STILL FEASIBLE – NCAA
The Director-General, Nigerian Civil Aviation Authority, Capt. Muhtar Usman has said the proposed national carrier, Nigeria Air, will begin operations by December this year as proposed by the Federal Government.

Usman told journalists on Tuesday that as far as the NCAA could deliver on the two major certificates, the Air Transport Licence and the Aircraft Operators Certificate, within the 90 days stipulated by law, the airline was still on track for the December take-off.

“We still have more than 90 days to the end of the year, so, it is still feasible, all things being equal. I am just talking from the regulatory point of view,” he added.
Read more at; https://newsbreakers.ng/nigeria-air-december-commencement-date-still-feasible-ncaa/


NIGERIAN AUTOMAKERS STRUGGLE WITH ELECTRIC VEHICLES EVOLUTION
Despite the challenges bedevilling Nigeria’s automotive sector, some assemblers have expressed interest to invest in the production of electric vehicles (EVs) in the country.

Experience has shown that Nigeria usually turned out to be a dumping ground for a variety of banned products. Given its preference for used vehicles over brand new ones due to the very poor purchasing power of the masses, it stands at a higher risk of dumping when other countries eventually phased out the use of conventional fuel cars.

Electric vehicles are a novel and eco-friendly technology designed to reduce man’s dependence on fossil fuel, and potentially a threat to the conventional fuel car market. Top auto assemblers like Volvo, a Swedish vehicle manufacturer, has committed to fitting every car it produced by 2019 with electric or hybrid e
Read more at; https://newsbreakers.ng/nigerian-automakers-struggle-with-electric-vehicles-evolution/


CUSTOMS INTERCEPTS N1.5BN PETROL SET FOR BENIN REPUBLIC THROUGH OGUN CREEK
The Nigerian Customs Service, Federal Operations Unit, (FOU), Zone ‘A’ Ikeja at the weekend intercepted N1.5 billion worth of petroleum products on the verge of being smuggled to Benin Republic.

The petroleum products, loaded in about 12 wooden speedboats, had about 50,000 jerry-cans set to be smuggled from Ijofin creek in Ipokia Local Government Area of Ogun State.

Speaking to newsmen yesterday at the creek where the products were intercepted, Assistant Comptroller General of Customs, Zone ‘A’, Aminu Dahiru, who was accompanied by the Customs Area Controller of FOU Zone A, Mohammed Aliyu and Controller of Ogun Command, Michael Agbara, said the arrest was made after days of intelligence gathering by officers of the unit.
Read more at; https://newsbreakers.ng/customs-intercepts-n1-5bn-petrol-set-for-benin-republic-through-ogun-creek/