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Nigeria Can Meet OPEC’s Oil Production Quota – NUPRC Boss

…..Says Policy On Gas Emission Reduction Underway   The Chief Executive Officer of Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has expressed optimism that Nigeria can meet the Organisation of Petroleum Exporting Countries’ (OPEC’s) oil production quota, in spite of the current insecurity challenges in the upstream sector of the hydrocarbon resources industry. […]

Budgeting Economy News Extra Games & Sports Latest News Planning & Economic Development Revenue Revenue Agencies Taxation

FIRS Begins Direct Tax Collection From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming companies using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the Service, while directing full compliance by the online gaming community, stated that the Sentinal National Payment Gateway, […]

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Trapped Funds: CBN To Disburse $120Mn To Foreign Airlines

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has disclosed that the Federal Government will disburse $120 million to international airlines plying the Nigerian routes next Monday, October 31, to partly offset their trapped funds in the country. The governor disclosed that the decision was taken at a meeting between the leadership of […]

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RMAFC To Review Political, Other Public Office Holders’ Remuneration

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has concluded arrangements to start the process of reviewing the remuneration of political, public and judicial office holders in the country. The Chairman of the Commission, Mohammed Bello Shehu, gave this hint when he led a delegation of the commission’s management on a courtesy visit to the […]

E-Payment Tech & Solutions Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Technology Telecomms

NCC Offers By Auction New Slots On 3.5GHz Band For 5G Services

The Nigerian Communications Commission (NCC) has offered two slots of 3.5GHz spectrum band for auction before end of 2022, to enhance the deployment of Fifth Generation (5G) services in Nigeria. The process, which was made public on 21st October 2022 with the publication of the Draft Information Memorandum (IM) for the auction on the Commission’s […]

E-Payment Tech & Solutions Latest News Planning & Economic Development Technology Telecomms

NCC Receives Cybersecurity Award, Assures Safer Internet Space

The Nigerian Communications Commission (NCC) at the weekend received a cybersecurity promotion award at the maiden edition of Cybersecurity Merit Awards hosted by the Cybersecurity Experts Association of Nigerian (CSEAN), which enumerated several steps taken by it to promote a safer Internet. The award, which was conferred on the commission, listed its contributions to the […]

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Rishi Sunak Emerges UK’s Prime Minister

Former Chancellor of the Exchequer, Rishi Sunak, has emerged the UK’s next prime minister after Penny Mordaunt dropped out of the Tory leadership race in the final minutes before nominations close. According to the BBC, this announcement was made Monday afternoon after it emerged that ex-PM Boris Johnson pulled out of the race to seek […]

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Naira Slightly Recovers, Exchanges N753/$1 At Parallel Market

Nigeria’s currency, the Naira slightly recovered in exchange value against the US dollar at the black market on Monday and traded at N753/$1 compared to the N755/$1 it traded on Friday. According to information sourced from black market traders by our correspondent, the appreciation of the Naira at the parallel market was due to increased […]

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FG Reiterates Commitment To Resuscitation Of Ajaokuta Steel Firm

Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development

ASHON Urges Members On Business Model Innovation For Competitiveness

The Association of Securities Dealing Houses of Nigeria (ASHON) has charged its members to commence adopting new business strategies to enable them cope with the emerging challenges and peculiarities of the operating environment and reposition their entities for improved competitiveness in the investment market. The Chairman of the association, Mr. Sam Onukwue, gave the charge during […]