The General Manager of Regulation and Compliance at the Transmission Company of Nigeria (TCN), Ali Bukar Ahmad, on Thursday reported that out of an estimated population of 230 million in the country, only 13,112,134 electricity consumers had been registered. Ahmad gave these figures during the National Institute of Physics webinar Series 2.0 titled “Policy, Regulatory […]
The Securities and Exchange Commission (SEC) Nigeria has hinted of the development of new guidelines aimed at enhancing the licensing, registration, and screening processes for digital and virtual asset service providers (VASPs). The commission, in a Notice to the effect stated that the measures were crucial in preventing individuals with criminal backgrounds from participating as […]
The US’ Securities and Exchange Commission (SEC) has adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules, which were adopted on Wednesday,reflect the Commission’s efforts to respond to investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related risks on a […]
The Central Bank of Nigeria (CBN) on Wednesday aligned its position with the Corporate Affairs Commission’s (CAC’s) that all agents within the Fintech mobile payment cluster were under obligation to register their businesses. The CAC had previously directed that all Fintechs must register with the CAC before commencing business in line with the express provisions […]
President Bola Tinubu has directed the introduction of fiscal incentives for related projects, reduce contracting costs and timelines, and promote cost efficiency in local content requirements in the oil and gas sector. The Presidential order is sequel to “extensive engagements, analyses, and benchmarking with other jurisdictions”. The President’s Special Adviser on Media and Publicity, Ajuri […]
Nigeria’s House of Representatives has passed the second reading of the Bill on National Tax Crimes and Oversight Commission. The Green Chamber passed the Bill on Wednesday after its lead sponsor, Hon. Benjamin Kalu, outlined its main objectives during the plenary session. Joined by eight other lawmakers during the presentation of the draft legislation, the […]
The Federal Government on Wednesday threatened to revoke the licences of power distribution companies (DisCos) over the incessant power shortage nationwide. The Minister of Power, Adebayo Adelabu, in a statement pointed out that government was concerned about the lingering inadequate electricity distribution by the Discos, especially when the power generation companies (GenCos) had recently increased […]
The Minister of Aviation and Aerospace Development, Festus Keyamo, has arrived France on a four-day Nigeria-France Bilateral Business Forum, aimed at strengthening Franco-Nigeria bilateral relations and attracting French private sector investment to Nigeria’s aviation sector. A statement issued by the Minister’s Media Adviser, Tunde Moshood, indicated that the minister had already presented a detailed Nigeria […]
As the policy reforms-induced current macroeconomic whirlwinds in Nigeria’s business landscape continue unabated, the Manufacturers Association of Nigeria (MAN) has opposed the planned implementation of the Expatriates Employment Levy (EEL) by the Federal Government, saying implementing the fiscal measure could aggravate the crisis in the real sector. The association in a statement signed on Tuesday […]
Global health donors, including the World Bank Group, Bill & Melinda Gates Foundation and the United Nations Children Education Fund (UNICEF), have pledged nearly $600 million to combat cervical cancer, marking the first-ever global forum solely dedicated to eradicating the disease. The World Bank is committing $400 million to the fund over three years, while […]