Local Technology FG, Huawei invest in cyber security, eGovt, 5G for 1000 civil servants March 11, 2022 akintunde The Federal Government has signed a Memorandum of Understanding with Huawei Technologies to train 1000 civil servants on cyber security strategies, ICT development trends; E-Government and 5G Motivation and industry…
Banking Finance Local CBN increases currency in circulation by N418bn over cash transactions March 11, 2022 akintunde THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures obtained from the Central Bank of Nigeria. The CBN data…
Features Local These are the four largest sectors of the Nigerian economy March 11, 2022 akintunde The Nigeria economy expanded by 3.4% in real terms in 2021, with an estimated value of N72.39 trillion, increasing from N70.01 trillion recorded in the previous year. Nigeria’s real GDP…
Local Minister: Why Nigeria can’t meet OPEC quota March 11, 2022 akintunde Minister of State for Petroleum Resources Chief Timipre Sylva has attributed the inability of Nigeria to meet the Organisation of the Petroleum Exporting Countries (OPEC) to lack of investments in…
Local LIRS Reaffirms March 31 Deadline for Filing Individual Annual Tax Returns March 11, 2022 akintunde The LIRS has notified all individual taxpayers, under the PAYE scheme to file their Annual Tax Returns. LIRS Executive Chairman Mr Ayodele Subair urged all individual taxpayers, including self-employed persons.…
Local Technology 5G: Telcos mull phased rollout, fear consumers’ weak purchasing power March 11, 2022 akintunde TELECOMMUNICATION companies may delay the commercial rollout of fifth-generation technology due to the weak purchasing power of their customers as a result of inflation. In a panel session during The…
Features Local IWD22: Nigerian women “breaking the bias” in the tech industry March 11, 2022 akintunde Looking back to some 20 years ago, you will probably find only a handful of women leading or sitting at top executive positions in major companies across industries. But things…
Local Technology FinTechNGR targets startup growth with new platform March 11, 2022 akintunde The FinTech Association of Nigeria has unveiled The Start-Up Marketplace – a platform designed to provide start-ups with the necessary support to thrive. This scheme would be supporting start-ups in…
Energy Local Blending off-spec fuel near completion, says MOMAN March 11, 2022 akintunde The Major Oil Marketers Association of Nigeria (MOMAN) says its members are close to the completion of blending the off-spec petrol imported into the country. MOMAN’s Executive Secretary, Mr Clement…
Local Russia-Ukraine: Higher food, fuel prices loom in Nigeria, others, says IMF March 11, 2022 akintunde The International Monetary Fund has said Nigeria and other African countries are vulnerable to higher food and fuel prices, low tourism revenues, and difficulty accessing the international capital market This…
Investing Local FG seeks U.S funding for gas supply to Europe amid Russia boycott March 11, 2022 akintunde The Federal Government on Thursday called on the United States Government to support Nigeria with funds to develop Nigeria’s natural gas resources so as to serve as alternative source of…
Local Buhari writes Reps, requests amendment of Electoral Act March 9, 2022 akintunde President Muhammadu Buhari sent a letter to the House of Representatives yesterday, requesting that the Electoral Act, to which he recently consented, be amended. Specifically, the President is requesting that…
Local FG Urges Turkey to Invest in Nigeria’s Onshore Oil Assets March 9, 2022 akintunde The Nigerian government yesterday urged Turkish authorities to consider funding major oil and gas projects in the West African country, in light of the planned exit of major international oil…
Local IWD: Buhari, Others Extol Virtues of Nigerian Women, Call for Better Appreciation March 9, 2022 akintunde As the world celebrated International Women’s Day (IWD) yesterday under the theme “Gender Equality Today for a Sustainable Tomorrow,” President Muhammadu Buhari praised Nigerian women. According to a statement issued…
Local Global Women Network to Hold Tech Seminar in Abuja March 8, 2022 akintunde Global Women Network, a nongovernmental organization based in the United Kingdom with roots in Nigeria, is hosting a seminar to coincide with the launch of its information and communication technology-related…
Local Fintech company inaugurates programme for regulators, providers March 8, 2022 akintunde EMTECH, a fintech firm for central banks and regulators, and Global Infoswift Consulting have launched FINREG Learn, a capacity-building program to assist financial services regulators and players in navigating the…
Local Nigeria Google customers to pay 7.5% VAT from April 1 March 8, 2022 akintunde Google, the technology giant, has announced that Nigerians who use its platform to conduct business will be required to pay 7.5 percent VAT beginning April 1, 2022. Google stated in…
Local Oil-producing communities kick, want Senate to review PIA March 8, 2022 akintunde Members of the Host Communities Producing Oil and Gas are fighting identified loopholes in the Petroleum Industry Act and urging the Senate to make the necessary changes. This was disclosed…
Local Investors lose N4 billion as NGX reopens bearish March 8, 2022 akintunde The Nigerian Exchange Limited (NGX) sustained a sliding profile at the reopening of transactions, yesterday, as many blue-chip stocks, especially Niger Insurance and AIICO depreciated in price, resulting in a…
Local Customs bow to pressure, suspend e-valuation of imported vehicles March 8, 2022 akintunde The Federal Government through the Nigeria Customs Service on Monday announced a 31-day suspension of the controversial electronic valuation system for imported vehicles, also known as Vehicle Identification Number valuation.…
Local FIRS, others’ revenue collection cost rises by 49%, hits N329bn March 8, 2022 akintunde The cost of revenue collection by key revenue-generating agencies of the Federal Government rose by N108.98bn between 2019 and 2021. Specifically, data from the National Bureau of Statistics revealed that…
Local CBN’ll boost local production with agric initiatives, says Emefiele March 8, 2022 akintunde The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has expressed satisfaction with what he described as the high interest of Nigerians in the agricultural sector, expressing the bank’s commitment…
Local Russia-Ukraine Conflict: Implications for Nigeria’s Wheat Importation March 8, 2022 akintunde The invasion of Ukraine by Russia could affect Nigeria’s importation of wheat, a major ingredient used for the production of a wide range of food including bread, noodles, pasta, cakes…
Local FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident March 8, 2022 akintunde Despite the growing queues across the country, the federal government has maintained that there is enough petrol in the depots to meet the rising demand. Updating the press, after receiving…
Local Qatari Investments In Nigeria to Hit N500bn, Says Envoy March 8, 2022 akintunde With current renewed efforts at strengthened bilateral relations, the State of Qatar has forecasted that its level of investment in Nigeria will reach around N500 billion by the end of…
Local NEITI: Companies Owed FG N1.32trn in 2020, Oil Revenue Dipped by 40% March 8, 2022 akintunde The Nigeria Extractives Industries Transparency Initiative (NEITI) revealed yesterday that oil companies’ liabilities to the federation as of December 31st, 2020, were N1.32 trillion or $3.17 billion, up from N2.6…
Local US Firm, Kimberly-Clark Expands Investment in Nigeria to over $100m March 8, 2022 akintunde The United States has stated that it is proud to be one of the largest foreign investors in Nigeria, as leading American brands expand their investment portfolios, creating job opportunities,…
Local World Bank approves $723 million emergency financing package for Ukraine March 8, 2022 akintunde The World Bank has approved a $723 million grant package for Ukraine, which would help the country’s government budget while it fights a Russian invasion. According to a statement posted…
Local Fed Govt, Ukraine turn back volunteer fighters March 8, 2022 akintunde The Federal Government has stated its opposition to the recruitment of Nigerians as mercenaries to fight in Ukraine or elsewhere in the world. This is as the Ukrainian government denied…
Local APC crisis: Why Buhari approved Buni’s sack March 8, 2022 akintunde Prominent leaders of the All Progressives Congress (APC) confirmed yesterday that President Muhammadu Buhari approved the removal of the chairman of the party’s Caretaker/Extraordinary Convention Planning Committee (CECPC), Governor Mai…
