The Federal Inland Revenue Service (FIRS) has debunked some media reports insinuating that is planning to impose taxes on online content creators and skit makers, saying that it has no intentions of imposing taxes on online content creators. The News Agency of Nigeria (NAN) broke the news on Monday based on discussions with FIRS staff, […]
In furtherance of its sustained efforts to boost foreign direct investment (FDI) inflows into the country, the Federal Government has given approval to some Indians to invest new $25 million into the Nigerian economy. The India Consul-General to Nigeria, Shri Chandramouli Kumar Kern, gave this hint during the inauguration of Artemis Laboratories Limited’s new pharmaceutical […]
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to mop up excess liquidity in the nation’s economy through the issuance of OMO bills of up to N2 trillion in the next 12 months as a strategic step towards thawing rising inflation rate of the country. The development finance institution gave […]
The Federal Competition and Consumer Protection Commission (FCCPC) on Monday expressed support for the decision of the Nigerian Electricity Regulatory Commission (NERC) taken against 11 Electricity Distribution Companies (DisCos) for estimated bills capping non-compliance, calling for stricter penalties against DisCos. The NERC had last week imposed a N6 billion penalty on the 11 DisCos over […]
The International Monetary Fund (IMF), has projected that Nigeria’s foreign reserves will significantly drop this year to an all-time low of $24 billion. This forecast is contained in the IMF’s latest Country Report for Nigeria, which highlighted potential challenges ahead for the Nigerian government in its current efforts to sustain the nation’s economic growth. Data […]
……Also Mixed Sentiment In Eurobond Market Researchers at Comercio Partners, one of Nigeria’s firms with core business in trading fixed income securities and equities as well as providing financial advisory and assets management services, have projected bearish sentiment in the nation’s Treasury Bills (TBs) and FGN’s Bond markets this week in view of the micro […]
Ogun State Government will from tomorrow through Friday, 16 February, be hosting the 18th edition of the National Council on Transportation, with the theme ‘Embracing Innovations and Technologies For Sustainable Transportation: Tackling The Energy Challenges’ in Abeokuta, the state capital. The meeting, to be hosted by Governor Dapo Abiodun, will have in attendance the Minister […]
The Nigerian Communications Commission (NCC) at the weekend released the report on number porting in the telecoms industry for November which reflected that MTN Nigeria, the leading mobile network operator (MNO) by subscriber number, recorded 1,470 incoming porting out of the 2,433 in the month. Conversely, 9mobile suffered more customer losses in the month under […]
The Federal Government has inaugurated an Inter-Ministerial committee from the Ministry of Power and Gas to investigate the root causes of the lingering gas supply shortfall to electricity generation companies (GenCos) and come up with recommendations on how the challenge could be permanently addressed. The initiative was taken following a meeting between the two Ministries […]
The Federal Government has set up three funds with a total value of N200 billion for disbursement to micro, small, and medium-sized enterprises (MSMEs) and Nano business owners nationwide. By description, Nano business is a form of business without a formalized strategic business plan or short-term plan and without any expansion projection . The funding […]