The global IT spending in oil and gas market size is projected to grow from USD16320 million in 2020 to USD22330 million by 2027. Latest report from ‘360 Research Reports’, a global organization that provides research that covers a magnitude of factors such as technological evolution, economic shifts and a detailed study of the market, estimated […]
MTN Nigeria, Nigeria’s leading mobile network operators (MNOs), has secured the approval of the Securities and Exchange Commission (SEC) Nigeria for the registration of ordinary shares to allow the company to issue dividends as shares to 5,192 shareholders. The company made this disclosed in a statement signed by its Company Secretary, Uto Ukpanah which was […]
The Chairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Mr. Taiwo Oyedele, on Wednesday hinted that the Federal Government was making efforts to ensure that all federal taxes collected by the Federal Inland Revenue Service (FIRS) in furtherance of its current drives to improve the efficiency of tax administration in the country. […]
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the sale of assets belonging to 183 liquidated financial institutions to pay depositors following the revocation of their licences by the Central Bank of Nigeria (CBN). The Corporation stated that the assets of the assets on the 179 Microfinance Banks (MfBs) and the four Primary Mortgage Banks […]
The Federal Government on Wednesday announced that it had earmarked a total of N15 billion to fund the implementation of Financing Safe Schools Initiative this year. The Ministry of Information and the Federal Ministry of Finance, Budget, and National Planning made this disclosure after a press briefing by the National Coordinator on Safe Schools Initiative […]
……as 255,726 Nigerians in Diaspora get NIN The National Bureau of Statistics (NBS) has reported that the registrations and NIN issued by the National Identity Management Commission (NIMC) in 2022 totalled 22,492,748 in 2022, comprising 12,643,563 males and 9,849,185 females. The statistics agency gave these figures in its ‘National Identity Registration Statistics 2022’ published on […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has advised the Federal Government to ban Binance from operations in the country, alleging that the company is partly responsible for the depreciating value of the Naira in the FX market. Binance is a global online FX platform that avails users the opportunity to trade […]
First Bank Holding Plc is set to seek its shareholders’ approval to raise N150 billion new capital from the Nigerian Exchange Limited (NGX) as part of the Board and management’s efforts to improve the lender’s operations for improved services and returns on shareholders’ investment. Already, the Board had indicated the fund-raising agenda in the amended […]
The World Bank Group has unveiled plans to fund 1,000 mini solar power projects in Nigeria as part of its support for the nation’s current drive towards transition from fossil-fuel powered energy to climate-friendly green energy alternatives. The President of the bank, Ajay Banga, who made the pledge on Saturday, said that under the first […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, on Monday flawed the current tax system in view of its multi-dimensional loopholes, especially for its multiplicity and other administrative incoherence, describing it as one of the militating factors responsible for under-performance of businesses and the nation’s economy. Oyedele, who […]