The Nigerian Communications Commission (NCC), attracted industry commendation for its efficient regulatory processes that have given verve to the realisation of full digital economy in the country at the opening of the AfricaNext event which kicked off on Monday in Lagos. The Chief Executive Officer of CashToken Africa, Mr. Lai Labode, commended the Commission for […]
BudgIT, a leading public data organisation focused on raising active citizens and civic leaders to improve governance by bridging the information gap between the government and citizens, has announced the launching of its interactive FG Budget Dashboard for improved engagement of the government by the people in budgetary processes. The dashboard is a web-based platform […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
Trading on the Nigerian Exchange (NGX) opened positive on Monday as bulls dominated the trading session, thereby growing the All-share Index (ASI) by 0.28% to close at 54,367.74 points. Available data from the market’s supervisory institution showed that at the end of the trading session, market capitalization grew by N84 billion to close at N29.612 […]
The Naira marginally strengthened its exchange rate against the US dollar at the black market in the early hours of Monday, trading at N744/$1 in the early hours of the day, representing a 0.53% appreciation compared to the N748/$1 it exchanged at last Friday. Some black market FX traders attributed the local currency’s exchange rate […]
The Central Bank of Nigeria (CBN) has issued Ceviant, a UK-based financial technology company providing treasury and trade solutions to corporate entities globally, a Payment Solution Service Provision (PSSP) licence to commence operations in the country. The licence permits the company to offer a range of payment services to clients in Nigeria, including electronic fund […]
The Federal Government at the weekend expressed its commitment to continuously improve the diversification of the nation’s economy by growing other sectors, particularly the commodities trading ecosystem. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who gave this assurance during the presentation of Gold coin to her by the Lagos Futures and […]
The Securities and Exchange Commission (SEC) Nigeria has restated its commitment to continuously educate and enlighten investors as part of its sustained efforts to guide them on right investment decisions. The commission’s Head, Office of the Chief Economist of the SEC, Dr. Okey Umeano, who made this promise during an interview, noted that the rising spate of […]
Nigeria and Republic of Niger have signed a bilateral agreement for coordination of frequency utilisation along their borders to ensure seamless deployment of services around within the two countries. The agreement signing ceremony was one of the highlights of the two-day Digital Economy Regional Conference hosted by the Nigerian government and facilitated by the Federal […]
The Nigerian National Petroleum Company Limited (NNPCL) has signed a $741 million maintenance service contract with Daewoo Engineering and Construction Company Limited for a quick fix repair of the moribund Kaduna Refinery and Petrochemical Company (KRPC). A statement by the Nigerian oil company indicated that the signing ceremony was performed on Thursday by the top […]