The Deputy Secretary General of the United Nations (UN), Dr. Amina Mohammed, has said that Nigeria has a lot to gain from successful implementation of the African Continental Free Trade Area (AfCFTA) in view of the pact’s potential to improve the quality of goods and services and increase the nation’s competitiveness both in national and […]
The Centre for the Study of the Economies of Africa (CSEA), a leading think-tank research organization with primary focus on development trends in African economies, has advised the monetary authorities on the need to begin to consider factors in determining the Monetary Policy Rate (MPR) and others in future meetings of the Monetary Policy Committee […]
The Federal Airports Authority of Nigeria (FAAN) has completed the training of 121 aviation security officers. The AvSec officers, drawn from the airports in Abuja, Maiduguri, Yola, Jos, Gombe, Dutse, Sokoto, Zaria, Kaduna, Kebbi, Makurdi and Katsina were taken through the mandatory 6 weeks STP 123 Basic Course, which was both intellectual and physical. Some […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]