Sunday, August 11, 2019

Tag "Intels"

    NPA: Intels decides what to pay to FG from revenue

NPA: Intels decides what to pay to FG from revenue

Hadiza Bala Usman, managing director of the Nigerian Ports Authority, says Integrated Logistics Services Limited (Intels) decides what percentage of revenue generated at the ports to remit to the federal government.The MD made this known when she appeared before a house of representatives adhoc committee on Wednesday.Intels signed an agreement with NPA in 2010, which allowed the firm collect revenue [...]

0 comment Read Full Article
    NPA gives Intels 2-week ultimatum to remit ‘$48m debt’

NPA gives Intels 2-week ultimatum to remit ‘$48m debt’

The Nigerian Ports Authority (NPA) has given Intels Nigeria limited (Intels) a two-week ultimatum to remit an outstanding $48 million that ought to have been paid into the maritime agency's treasury single account (TSA) in 2017.Speaking during an interview with CNBC Africa, Hadiza Bala Usman, managing director of the agency, said Intels' notice of termination will stand if the company failed to [...]

0 comment Read Full Article
    Reps give Intels 24 hours to pay dues owed FG

Reps give Intels 24 hours to pay dues owed FG

The house of representatives ad hoc committee on the treasury single account (TSA) has ordered the management of Intels to remit the funds accrued from its pilotage service contract with the federal government within 24 hours.The lawmakers gave the directive at a public hearing which held on Wednesday.The committee also asked the company to provide full details of the amount [...]

0 comment Read Full Article
    FG: Revoking residence permits of Intels’ expatriates NOT political

FG: Revoking residence permits of Intels’ expatriates NOT political

The federal government says the revocation of residence permits of expatriate workers in Integrated Logistic Facilities & Services (Intels) was not politically-motivated.According to Vanguard,  Umana Umana, managing director of Oil and Gas Free Zone Authority (OGFZA), presented documents which show that the affected companies violated the extant laws guiding operations of the nation’s export free zones.Umana said the companies failed in [...]

0 comment Read Full Article
    Pilotage contract: 46 Intels workers, NOT 11,000, ‘will be affected’

Pilotage contract: 46 Intels workers, NOT 11,000, ‘will be affected’

The claim that at least 11,000 workers at the Integrated Logistics Services (Intels) will lose their jobs as a result of the termination of the company's boats pilotage agreements with the Nigerian Ports Authority (NPA), has been set aside.At a press conference in Lagos, Adewale Adeyanju, president of the Maritime Workers Union (MWUN), had said thousands of workers would be [...]

0 comment Read Full Article
    Intels apologises to FG over termination of pilotage agreement with NPA

Intels apologises to FG over termination of pilotage agreement with NPA

Gabriele Volpi, founder of Intels, has apologised to the federal government over the dispute that resulted in the termination of his company's pilotage agreement with the Nigerian Ports Authority (NPA).The agreement had allowed Intels to receive revenue on behalf of NPA for seven years.Abubakar Malami, attorney-general of the federation and minister of justice, on September 27 directed Hadiza Bala Usman, [...]

0 comment Read Full Article
    Reps ask FG to reverse termination of Intels agreement with NPA

Reps ask FG to reverse termination of Intels agreement with NPA

The house of representatives has resolved to set up an ad hoc committee to probe the termination of the contract between Integrated Logistics Services (Intels) by the federal government.Last week, the Nigerian Ports Authority (NPA) voided the boats pilotage agreement it had with Intels.Discussing the development on Wednesday, the lower legislative asked the government to return to "status quo" to [...]

0 comment Read Full Article
    More trouble for Intels as FIRS accuses company of tax default

More trouble for Intels as FIRS accuses company of tax default

One week after the Integrated Logistics Services (Intels) made the headlines over the termination of its pilotage agreement with the Nigerian Port Authority (NPA), the company is in the news again.This time around, the Federal Inland Revenue Service (FIRS) has accused the organisation co-founded by former Vice-President Atiku Abubakar and Gabriele Volpi, an Italian national, of not paying taxes.On Monday, [...]

0 comment Read Full Article
Advertisement

Advertisement

Advertisement

Exchange Rates

August 08, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement