The Nigerian Communications Commission (NCC) has inaugurated an incidence response facility aimed at addressing incidences of cybercrimes, protecting telecoms infrastructure and encouraging increased participation in nation’s digital economy. The NCC Centre for Computer Security Incident Response is the Commission’s industry-specific intervention, whose objectives are aligned to the National Cybersecurity Policy and Strategy (NCPS) published by […]
President Muhammadu Buhari on Thursday disclosed that the Federal Government’s share of oil revenue as at July this year totalled N570.23 billion, representing 51 percent shortfall from the budgetary target for the seven months period. Buhari gave this hint in his address on the proposed N16.39 trillion Appropriation Bill 2022 at the National Assembly. He […]
In what sounded an unrepentant voice of justification of the nation’s rising public debt stock, the Minister of Finance, Budget and National Planning, Zainab Ahmed, on Wednesday stoutly defended the borrowings of the President Buhari-led administration, saying the government will continue to borrow to fund critical projects. The minister, who spoke against the background of […]
The Nigerian Communications Commission (NCC) has proposed new requirements for Subscriber Identity Module (SIM) card acquisition in Nigeria, including that Nigerians or residents below the age of 18 will not qualify to register and own a SIM. According to the draft copy of the modified Registration of Telephone Subscribers Regulations published on the commission’s website, […]
The Senate on Wednesday confirmed the Nigerian Upstream Regulatory Commission (NURC) board member-nominees following the recommendations of its committee on Petroleum Resources. The commission, after the inauguration of the approved nominees, will take over the responsibilities of the Department of Petroleum Resources based on the provisions of the Petroleum Industry Act 2021. The Red Chamber’s […]
The Senate on Wednesday approved President Muhammadu Buhari’s revised 2022-2024 Medium Term Expenditure Framework (MTEF). The Upper Chamber had on Tuesday referred the revised MTEF to its Committee on Finance for consideration ahead of the expected Appropriated Bill 2022 presentation by President Muhammadu Buhari on Thursday (October 7) to the joint session of National Assembly. […]
President Muhammadu Buhari will Thursday lay before the joint session of the National Assembly the 2022 Appropriation Bill for the lawmakers’ consideration. The Deputy President of the Senate, Ovie Omo-Agege, disclosed this on Tuesday while presiding over the plenary of the upper chamber of the Legislature. The Senate President, Ahmad Lawan, was absent. Before the […]
US Treasury Secretary, Janet Yellen, on Tuesday warned that failure to raise the country’s debt limit could hurt the dollar reserves level and by implication push the economy on a recessionary trend. This is even as she maintained that she still regarded October 18 as the debt limit deadline, adding that it is now up […]
Oyo State Governor, Seyi Makinde, on Wednesday laid before the House of Assembly N294.51 billion Appropriation Bill for 2022 fiscal year for consideration, projecting that in the fiscal year the government has plans to generate N79.8 billion as Internally Generated Revenue (IGR).. Tagged “Budget of Growth and Opportunities”, the sum of N156 billion, representing 52.97 percent of […]
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 […]