The Nigeria Extractive Industries Transparency Initiative (NEITI) has hinted of its moves to report oil and gas companies that have defaulted in remittance of their profit taxes to the federation account to anti-graft agencies. The organisation’s Executive Secretary, Dr .Orji Ogbonnaya Orji , reported that based on the 2019 Oil and Gas Industry and Solid […]
The Malaysian Government has initiated legislative moves to jack up the country’s public debt ceiling from the current 60 to 65 percent of GDP. To achieve this fiscal objective, the country’s Ministry of Finance on Wednesday submitted the Bill of Interim Financial Measures, which proposed to raise the public debt ceiling from the current 60 […]
The Nigerian Communications Commission (NCC) has restated that the October 31 deadline for linking of National Identity Numbers with Subscriber Identity Modules for telephone subscribers in Nigeria remains sacrosanct and advised those that have not linked their NINs with SIMs to do so before the date. The telecom industry regulator, while giving the advice at […]
The Organisation of Petroleum Exporting Countries (OPEC) yesterday reported that Nigeria’s oil reserves dropped by 543 million barrels in five years as investments in the nation’s hydrocarbon resources continue to decline in recent years. The oil cartel gave this hint in its 2021 Annual Statistical Bulletin, which reflects proven oil reserves by country globally. Specifically, […]
The Nigeria Immigration Service (NIS) on Wednesday said it would continue to strengthen its partnership with Chinese leading technology firm, Huawei, to provide a digital platform for efficient and real-time migration management across the nation’s borders for internal security. The Service’s Acting Comptroller-General, (CG), Mallam Isah Idris, said the need for deployment of relevant Information […]
As Nigeria’s economy continues its growth trajectory after plunging into recession last year following devastating disruptions by the COVID-19 pandemic on key sectors, the International Monetary Fund (IMF) has reeled out key policy options which the government could explore to sustain the growth and by implication, tackle headlong the poverty level in the country. The […]
The African Centre for Justice and Human Rights (ACJHR) has commended the Central Bank of Nigeria (CBN) on its planned digital currency – eNaira – project, describing it as a welcome development with huge benefits to the nation’s economy. The civil society group’s Acting Director of Operations and Programmes Development, Bridget Akpeh, gave the commendation […]
Ogun State Government has restated its commitment to continue to collaborate with development agencies and private partners in furtherance of its current efforts to promote the state’s economic growth and alleviate poverty among the people. The State Commissioner for Finance and Chief Economic Adviser, Mr. Dapo Okubadejo, made this promise when he hosted a delegation […]
The Nigerian Communications Commission (NCC) has reported its remittance of a total sum of N294.312 billion to the Consolidated Revenue Fund (CRF) of the Federal Government being revenue accruals from spectrum fees. This is even as the telecoms industry regulator also reported a N248.339 billion operating surplus, as it received from MTN Nigeria a total […]
Nigeria’s active mobile telephone subscription has surged to 189 million in August, representing about 1.5 million higher than the 187.5 million recorded in the preceding month. The Nigerian Communications Commission (NCC) gave this figure in its just published industry statistics A breakdown of the NCC”s statistics shows that active mobile subscriptions across the networks of […]