The Lagos Chamber of Commerce and Industry (LCCI), a leading Organised Private Sector (OPS) group, on Tuesday picked holes in the provisions of the Nigerian Postal Services Bill 2021 recently passed by the Senate and charged the lawmakers to amend some its provisions in view of their negative implications for the courier services industry. The […]
The Federal Government disclosed on Monday that the country lost 4.5 trillion barrels of oil to thieves in four years even as it suffered 4,919 oil spills between 2015 to March 2021. The Minister of Environment, Dr Mohammad Abubakar, made this disclosure during a Town Hall meeting organised by the Ministry of Information and Culture […]
The Nigerian Civil Service Union (NCSU) has alleged that the secret recruitment of over 2,000 workers by the Federal Inland revenue Service’s (FIRS’) management over the past 18 months is negatively impacting the Service’s finance, thereby making it difficult for it to pay salaries at some point this year. In a letter dated June 21, […]
Between 800 and 1,500 businesses globally on Friday reportedly suffered from a ransomware attack centered on U.S. information technology firm – Kaseya. The Florida-based company’s CEO, Fred Voccola, said on Monday during an interview that it was hard to estimate the precise impact of Friday’s attack because those hit were mainly Kaseya’s customers. Kaseya is […]
The Government of Bermuda has announced the country’s readiness to join the Organisation for Economic Co-operation and Development’s (OECD’s) ‘Inclusive Framework’ for international taxation in demonstration of its commitments to transparency, cooperation and high levels of compliance with international standards. The country’s Minister of Finance, Curtis Dickinson, had earlier responded to the global minimum corporate […]
The Nigerian Communications Commission (NCC) has disclosed that it more than N150 billion from spectrum license fees within the first five months of 2021, indicating N36 billion higher than its raked in revenue projections for the period. The commission’s Director of Public Affairs, Dr Ikechukwu Adinde, made the disclosure in a statement issued at the […]
The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has expressed the readiness of the corporation to partner with the Bureau of Public Service Reforms (BPSR) towards enhancing innovation in the delivery of services to depositors and its other stakeholders. Hassan gave this hint when the Director-General of the bureau, Mr. […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s All commodity group import index increased by 0.82% between January and March, 2021. The agency attributed the rise mainly to increase in the prices of Mineral products (1.53%), Live animals; animal products (1.38%) and Animal and Vegetable fats and oils and other Cleavage products (1.24%). […]
The United States’ cumulative insured property losses last year have been estimated to be over $68 billion in 2020, as 19 catastrophe events with each leading to more than $1 billion in claims hit the country during the year. A news report by artemis.bm, a research firm specialising in catastrophe bonds, insurance linked securities, reinsurance […]
The Centre for the Study of the Economies of Africa (CSEA), a leading economic research firm with focus on African economies’ performances, has projected an upsurge in Nigeria’s public debt in the months ahead in view of the limited fiscal space of the government. The research firm, in its just published ‘Nigeria Economic Update Issue […]