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CBN Forecasts 3% Growth For Nigeria’s Economy In 2021

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, on Tuesday predicted that Nigeria’s economy would record between 2.5% and 3.0% growth this year despite the lingering impact of COVID-19 pandemic across all the broad sectors of the nation’s economy. Specifically, the top banker said that the apex bank was targeting a 15 percent inflation […]

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Africa’s Diaspora Remittance To Drop By $3Bn In 2021 – Report

The latest Continental Migration Report 2021 published by the Economic Commission for Africa (ECA) in partnership with the African Union Commission (AUC) has projected that remittances to African countries will decrease by 5.4 percent from $44 billion in 2020 to a projected total of $41 billion this year. The report titled ‘African regional review of […]

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Minister Tasks NCC On 5G Network Policy Implementation

Following approval of the National Policy on Fifth Generation (5G) technology deployment in Nigeria by the Federal Executive Council (FEC) on Wednesday, the Minister of Communications and Digital Economy, Prof. Isa Pantami, has advised the Nigerian Communications Commission (NCC) to prepare for immediate and effective implementation of the policy. The Minister gave the tall order […]

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SEC Charges Media Firms With Illegal Stock, Digital Assets Offerings

The U.S. Securities and Exchange Commission on Monday charged three media outfits, namely the New York City-based GTV Media Group Inc., Saraca Media Group Inc., and Phoenix, Arizona-based Voice of Guo Media Inc., with conducting an illegal unregistered offering of GTV common stock. The commission also announced charges against GTV and Saraca for conducting an […]

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Amazon To Invest $1.2Bn On 750,000 Employees’ Training

Amazon Inc, the U.S. multinational conglomerate with operational focus on e-commerce, cloud computing, digital streaming, and artificial intelligence, has disclosed that it would invest $2.1 billion in a scheme that will cover the college tuition of all 750,000 of its frontline workers in the country. This is coming as the online shopping giant is struggling […]

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FG Approves National Policy On 5G Networks

The Federal Executive Council (FEC) on Wednesday approved the National Policy on Fifth Generation (5G) Networks for Nigeria’s digital economy. The 5G Policy approval was sequel to the presentation by the Minister of Communications and Digital Economy, Prof. Isa Ibrahim Pantami, at the meeting. The FEC also directed that the implementation of the National Policy […]

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Pantami Becomes Professor Of Cybersecurity

Minister of Communications and Digital Economy, Dr. Isa Ali Pantami, has been promoted to the rank of Professor of Cybersecurity by the governing council of the Federal University of Technology, Owerri (FUTO). Pantami, was among seven Associate Professors promoted to Professorial level by the university’s governing council at its 186th meeting held on Friday, August […]

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Amazon Pays £492Mn Tax In UK As Sales Hit £20.6Bn

Amazon, a leading online shopping company, has paid £492 million in taxes on sales which rose 50% to £20.63 billion, as COVID-19 pandemic continues to trigger demand for its services. The company, which said it had invested £32bn in UK infrastructure since 2010, disclosed the tax payment in its latest financial results It stated: “We […]

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Danbatta Lists Benefits Of NCC Strategic Vision Plan, Seeks Stakeholders’ Support

The Executive Vice Chairman/Chief Executive Officer of the Nigerian Communications Commission (NCC) Professor Umar Danbatta has listed the benefits of NCC Strategic Vision (Implementation) Plan (SVP) 2021-2025, including the facilitation of broadband penetration, improvement in the quality of service, attracting ICT investments, promoting fair competition as well as strategic collaboration and partnerships Danbatta disclosed this […]

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CSOs Differ On Proposed Social Media Tax, As NASS Backs FIRS

Leading civil society organisations (CSOs) in the country have expressed divergent views on current moves by the Federal Inland Revenue Service (FIRS) to legalize collection of taxes on online businesses and social media organisations. Already, the revenue agency is seeking the consent of the National Assembly for further amendment of the just enacted 2021 Finance […]