FG, Huawei invest in cyber security, eGovt, 5G for 1000 civil servants
The Federal Government has signed a Memorandum of Understanding with Huawei Technologies to train 1000 civil servants on cyber security…
Month: March 2022
CBN increases currency in circulation by N418bn over cash transactions
THE currency in circulation rose by N418bn from N2.91tn in December, 2020, to N3.33tn in December, 2021, according to figures…
These are the four largest sectors of the Nigerian economy
The Nigeria economy expanded by 3.4% in real terms in 2021, with an estimated value of N72.39 trillion, increasing from…
Minister: Why Nigeria can’t meet OPEC quota
Minister of State for Petroleum Resources Chief Timipre Sylva has attributed the inability of Nigeria to meet the Organisation of…
LIRS Reaffirms March 31 Deadline for Filing Individual Annual Tax Returns
The LIRS has notified all individual taxpayers, under the PAYE scheme to file their Annual Tax Returns. LIRS Executive Chairman…
5G: Telcos mull phased rollout, fear consumers’ weak purchasing power
TELECOMMUNICATION companies may delay the commercial rollout of fifth-generation technology due to the weak purchasing power of their customers as…
IWD22: Nigerian women “breaking the bias” in the tech industry
Looking back to some 20 years ago, you will probably find only a handful of women leading or sitting at…
FinTechNGR targets startup growth with new platform
The FinTech Association of Nigeria has unveiled The Start-Up Marketplace – a platform designed to provide start-ups with the necessary…
Blending off-spec fuel near completion, says MOMAN
The Major Oil Marketers Association of Nigeria (MOMAN) says its members are close to the completion of blending the off-spec…
Russia-Ukraine: Higher food, fuel prices loom in Nigeria, others, says IMF
The International Monetary Fund has said Nigeria and other African countries are vulnerable to higher food and fuel prices, low…
FG seeks U.S funding for gas supply to Europe amid Russia boycott
The Federal Government on Thursday called on the United States Government to support Nigeria with funds to develop Nigeria’s natural…
Buhari writes Reps, requests amendment of Electoral Act
President Muhammadu Buhari sent a letter to the House of Representatives yesterday, requesting that the Electoral Act, to which he…
FG Urges Turkey to Invest in Nigeria’s Onshore Oil Assets
The Nigerian government yesterday urged Turkish authorities to consider funding major oil and gas projects in the West African country,…
IWD: Buhari, Others Extol Virtues of Nigerian Women, Call for Better Appreciation
As the world celebrated International Women’s Day (IWD) yesterday under the theme “Gender Equality Today for a Sustainable Tomorrow,” President…
Global Women Network to Hold Tech Seminar in Abuja
Global Women Network, a nongovernmental organization based in the United Kingdom with roots in Nigeria, is hosting a seminar to…
Fintech company inaugurates programme for regulators, providers
EMTECH, a fintech firm for central banks and regulators, and Global Infoswift Consulting have launched FINREG Learn, a capacity-building program…
Nigeria Google customers to pay 7.5% VAT from April 1
Google, the technology giant, has announced that Nigerians who use its platform to conduct business will be required to pay…
Oil-producing communities kick, want Senate to review PIA
Members of the Host Communities Producing Oil and Gas are fighting identified loopholes in the Petroleum Industry Act and urging…
Investors lose N4 billion as NGX reopens bearish
The Nigerian Exchange Limited (NGX) sustained a sliding profile at the reopening of transactions, yesterday, as many blue-chip stocks, especially…
Customs bow to pressure, suspend e-valuation of imported vehicles
The Federal Government through the Nigeria Customs Service on Monday announced a 31-day suspension of the controversial electronic valuation system…
FIRS, others’ revenue collection cost rises by 49%, hits N329bn
The cost of revenue collection by key revenue-generating agencies of the Federal Government rose by N108.98bn between 2019 and 2021.…
CBN’ll boost local production with agric initiatives, says Emefiele
The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has expressed satisfaction with what he described as the high interest…
Russia-Ukraine Conflict: Implications for Nigeria’s Wheat Importation
The invasion of Ukraine by Russia could affect Nigeria’s importation of wheat, a major ingredient used for the production of…
FG Insists Nigeria Has Enough Petrol in Stock, Says Supply Disruption an Accident
Despite the growing queues across the country, the federal government has maintained that there is enough petrol in the depots to…
Qatari Investments In Nigeria to Hit N500bn, Says Envoy
With current renewed efforts at strengthened bilateral relations, the State of Qatar has forecasted that its level of investment in…
NEITI: Companies Owed FG N1.32trn in 2020, Oil Revenue Dipped by 40%
The Nigeria Extractives Industries Transparency Initiative (NEITI) revealed yesterday that oil companies’ liabilities to the federation as of December 31st,…
US Firm, Kimberly-Clark Expands Investment in Nigeria to over $100m
The United States has stated that it is proud to be one of the largest foreign investors in Nigeria, as…
World Bank approves $723 million emergency financing package for Ukraine
The World Bank has approved a $723 million grant package for Ukraine, which would help the country’s government budget while…
Fed Govt, Ukraine turn back volunteer fighters
The Federal Government has stated its opposition to the recruitment of Nigerians as mercenaries to fight in Ukraine or elsewhere…
APC crisis: Why Buhari approved Buni’s sack
Prominent leaders of the All Progressives Congress (APC) confirmed yesterday that President Muhammadu Buhari approved the removal of the chairman…