President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates. Speaking at the launch of the Expatriate Employment Levy handbook, the President also said the aim is to close wage gaps between expatriates and the […]
The Central Bank of Nigeria (CBN) has adopted a new monetary measures aimed at bridging the Naira’s widening foreign exchange (FX) rate gap in the foreign exchange markets by supplying FX to licensed Bureau De Change operators in the retail market. The apex bank, in a new circular signed by its Director of Trade & […]
The Executive Vice Chairman/CEO of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has harped on the increasing relevance of emerging technologies to the nation’s economic growth drive as the Commission continues to strengthen its collaboration with relevant stakeholders in telecom industry to review the current operating standards and introduce new measures in accordance with […]
The Nigerian Communications Commission (NCC) has reported that 5G subscriptions in the country increased to 2.3 million in December 2023. The latest data from the telecoms industry regulator on the cadres of network deployment by the mobile network operators (MNOs) showed that despite the gradual migration of their networks to global best standards, the 5G […]
The Nigerian Communications Commission (NCC) and the Economic and Financial Crimes Commission (EFCC) have agreed to synergize efforts to tackle technology-driven crimes in the country in order to make Nigeria more investment-friendly and promote socioeconomic activities. The Executive Vice-Chairman/Chief Executive Officer (EVC/CEO) of NCC, Dr. Aminu Maida, gave this hint during his recent visit to […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy group in Nigeria, has advised the Central Bank of Nigeria (CBN) to consider fixing the Customs Duty Exchange rate at N1,000/S1 to mitigate the current hardships of business owners, particularly manufacturers, in the country. The Centre’s Chief Executive Officer, Dr. […]
The Central Bank of Nigeria (CBN) at the weekend announced the pegging of the duty rates to be paid by importers to the Nigerian Customs Services during goods clearance. Specifically, the apex bank in a circular signed by its Director of Trade and Exchange Department, Hassan Mahmud, and posted on its website on Friday instructed […]
….As Lagos Maintains Lead in Internet, Voice Subscriptions The National Bureau of Statistics’ (NBS’) at the weekend reported that Nigeria’s active internet subscribers rose to 163,838,439 in Q4 2023 from 154,847,901 reported in the corresponding quarter of 2022, indicating that internet a 5.81% year-on-year increase while on a quarter-on-quarter basis, the number grew by 2.29%. […]
The Central Bank of Nigeria (CBN) has issued a draft revised guidelines in the financial services industry, which seek to raise the minimum share capital of Bureau De Change (BDC) operators to N2 billion and N500 million for Tier 1 and Tier 2 licenses. The guidelines, which seek to enhance the regulatory framework for BDC […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has assured the management of the Digital Bridge Institute (DBI) of the commission’s readiness to give it necessary support in the current drive towards the full digitalization of the nation’s economic system. Maida made this promise during his inspection visit to the […]