The Naira lost momentum in its exchange rate struggle against the US dollar at the black market in the early hours of Wednesday, trading at N705/$1, representing a depreciation of 0.67% compared to N745/$1 it traded the same period the previous day. Some FX traders in the parallel market linked the slide in the local currency’s […]
Trading on the Nigerian Exchange (NGX) closed positive on Wednesday as bulls dominated the trading session with a slight improvement in the broad market performance. The All-share Index (ASI) appreciated by 0.23% to close at 54,427.05 points just as the market’s capitalization grew by N69 billion to close at N29.644 trillion. The local bourse’s Year-to-Date […]
The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has issued some advisories to Nigerians as cybercrime actors continue to devise means of compromising targets users’ data and other vital information. The commission stated that the team’s latest of such advisories advised users to be cautious after attackers use Microsoft OneNote attachments in phishing […]
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, said on Wednesday that Nigeria would need about N4.2 trillion for fuel subsidy this year. Kyari, who gave this figure when he featured in a programme on Channels Television, pointed out that the amount was based on the calculation […]
The Supreme Court on Wednesday ordered the Central Bank of Nigeria (CBN) to suspend its current old banknotes’ withdrawal drive aimed at completely withdrawing old Naira notes from circulation effective from this Friday, February 10, nationwide. The apex bank’s ruling was sequel to a suit filed by governors Nasir El-Rufai (Kaduna), Yahaya Bello (Kogi) and […]
The National Lottery Regulatory Commission (NLRC) has renewed the licence of Betway, a leading global online betting and gaming firm, to extend its operations to all states for another five years. The Director General of the Commission Mr. Lanre Gbajabiamila, while presenting the renewed licence to the company on Wednesday in Abuja, lauded its management […]
The Nigerian Communications Commission (NCC), attracted industry commendation for its efficient regulatory processes that have given verve to the realisation of full digital economy in the country at the opening of the AfricaNext event which kicked off on Monday in Lagos. The Chief Executive Officer of CashToken Africa, Mr. Lai Labode, commended the Commission for […]
BudgIT, a leading public data organisation focused on raising active citizens and civic leaders to improve governance by bridging the information gap between the government and citizens, has announced the launching of its interactive FG Budget Dashboard for improved engagement of the government by the people in budgetary processes. The dashboard is a web-based platform […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
Trading on the Nigerian Exchange (NGX) opened positive on Monday as bulls dominated the trading session, thereby growing the All-share Index (ASI) by 0.28% to close at 54,367.74 points. Available data from the market’s supervisory institution showed that at the end of the trading session, market capitalization grew by N84 billion to close at N29.612 […]