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FIRS Cautions Firms Against Late Filing Of Returns On CITA

The Federal Inland Revenue Service (FIRS) has warned companies that late returns on Company Income Tax Returns beyond 30th November 2021 for the 2021 tax year will attract penalty and interest for late filing. A Public Notice signed by the FIRS Chairman, Muhammad Nami, dated October 6, 2021 and titled “Expiration of Waiver of Late Returns Penalty and Interest on […]

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Cybersecurity: NCC Inaugurates Incident Response Facility

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 […]

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BPE Assures Public Enterprises’ Investors Of Healthy Competition

Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised the Bureau’s commitment to ensuring healthy competition among investors in public enterprises in the country and consumers’ rights protection at all times. Okoh, made this known when the Management team of the Federal Competition and Consumer Protection Commission (FCCPC), led by […]

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Nigeria Records 51% Oil Revenue Shortfall, As Buhari Proposes N3.6Trn For Debt Servicing In 2022

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 […]

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Economists Foresee Global Financial Crisis If US Defaults On Debt

White House economists have sternly warned of a potential global financial crisis if U.S. Congress fails to raise the federal government’s debt limit before the country is expected to default on the national debt. Speaking on the implications of default by the President Biden-led administration on the country’s debt obligations, Cecilia Rouse, leading other economists […]

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EU Reinsurers Urge UK Regulator To Delay Solvency II Revision

Insurance Europe’s Reinsurance Advisory Board (RAB) has urged the UK’s Prudential Regulation Authority (PRA) to either extend its Temporary Permissions Regime (TPR) for the reinsurance business or wait until the Treasury’s review of Solvency II is finalised before making changes to its regulatory requirements. It would be recalled that a recent consultation conducted by the […]

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Again, FG Insists On More Borrowing As Public Debt Stock Rises

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 […]

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WHO Recommends Malaria Vaccines Use For Africa’s Children

The World Health Organization (WHO) has recommended the use of the RTS,S/AS01 (RTS,S) malaria vaccine among children in sub-Saharan Africa and in other regions with moderate to high P. falciparum malaria transmission. The global health organisation’s recommendation is based on results from an ongoing pilot programme in Ghana, Kenya and Malawi that has reached more […]

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NCC Clarifies Stance On Age Requirement For SIM Ownership

The Nigerian Communications Commission (NCC) has clarified the age requirement for SIM registration/ownership as provided for in its Reviewed/Draft Registration of Telephone Subscribers Regulations, saying that the proposal does not disqualify Nigerians below 18 years of age from getting Subscriber Identity Module (SIM). The commission, in a statement issued late Wednesday by its Director, Public […]

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NCC Proposes 18 Years Minimum Age For SIM Card Ownership

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, […]