The Federal Government has hinted of its plans to commence the deployment of 5G technology in the country in line with emerging trends in the international climes to boost Nigeria’s telecom connectivity standards for improved services. The Minister of Communications and Digital Economy, Dr. Isa Pantami, who gave this hint when he featured on a […]
The Federal Inland Revenue Service(FIRS) has told Nigerian taxpayers to continue to pay their Value Added Tax (VAT) to it to avoid facing sanctions for failing to comply with its directive. The federal tax agency stated that the directive became imperative as taxpayers continue to seek clarification on the receiving tax authority following the recent […]
The Executive Vice Chairman of Nigerian Communications Commission (NCC), Prof. Umar Danbatta has commended 9mobile Telecommunications Company for its initiatives targeted at empowering Nigerian youths, especially in digital skills acquisition. The industry regulator gave the commendation in his a lecture at the launch of the Digital Bichi Emirate Initiative and graduation of the pilot class […]
The Central Bank of Nigeria has issued a circular to guide licensed Microfinance Banks (MFBs) on financial activities they cannot carry out in their financial operations. The apex bank, in a circular signed by Ibrahim Tukur for Financial Policy and Regulations Department issued on Thursday cautioned the MFBs to desist from offering non-permissible activities, especially […]
The World Bank Group has disclosed that Nigeria and 19 other countries benefitted about $2.69bn from the guarantees issued under the COVID-19 Fast Track Facility between 2020 and 2021. The Breton Woods institution made the disclosure in one of its newly published FY21 Multilateral Investment Guarantee Agency’s (MIGA’s) financial statement. It listed other beneficiaries of […]
Governor Nyesom Wike on Thursday signed the River State’s Value Added Tax (VAT) collection, Open Grazing Prohibition and other bills, hinging his act on the judgment of the Federal High Court sitting in Port Harcourt which recently ruled that collection of VAT by the Federal Inland Revenue Services (FIRS) on behalf of the Federal Government […]
A Federal High Court Abuja Division has ordered that the Asset Management Corporation of Nigeria, (AMCON) to continue with the management of NICON Insurance and Nigeria Reinsurance, (Nigeria Re), two companies it took over following the alleged indebtedness of the private investor, Barr. Jimoh Ibrahim. The Federal High Court Abuja Division presided over by Hon. […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the corporation’s subsidiary, Greenfield Refinery Limited (NGRL), to explore all options to end the current challenge of petroleum products importation into the country. The GMD gave the charge on Thursday while inaugurating the Board […]
The Lagos Chamber of Commerce and Industry (LCCI), one of the leading Organised private Sector (OPS) groups championing the cause of broad-based growth of Nigeria’s economy, has set a five-point implementation agenda for the Federal Government on the just published Petroleum Industry Act 2021 to achieve the broad objectives of the law. The OPS group, […]
The Minister of Niger Delta Affairs, Senator Godswill Akpabio, on Thursday accused the International oil companies (IOCs) operating in Nigeria’s hydrocarbon resources industry of not fulfilling their fiscal obligations to the Niger Delta Development Commission (NDDC) as and when due. Specifically, the minister claimed that the IOCs currently owed the commission over $4 billion. Akpabio, […]