The House of Representatives has initiated moves to investigate the alleged N1.8 trillion tax owed the Federal Government by Multichoice group, the operator of DSTV and GoTV services. The Green Chamber’s decision to probe the TV entertainment and other services providing firm was sequel to the adoption of a motion by Rep. Saidu Abdullahi during […]
Political Economy
FG, UK Firm Seal MoU On Abuja Tech City Project
The Federal Government, through the Federal Ministry of Innovation, Science and Technology, has signed a Memorandum of Understanding (MOU) with Domineum/Edenbase UK for the development of Abuja Tech City. The Minister of Innovation, Science and Technology, Uche Nnaji, who signed the agreement on behalf of the government in Abuja, said the collaboration laid the foundation […]
NCC Restates Commitment To Local Content Promotion In Telecoms Industry
The Nigerian Communications Commission, (NCC) has reiterated its commitment to promoting local content development across the value chains of the nation’s telecommunications industry with the attendant positive implications of increasing the sector’s contributions to the nation’s Gross Domestic Product growth rate in the years ahead. The telecom industry regulatory commission’s Executive Vice Chairman, Dr. Aminu […]
Afreximbank Appoints Yemi Kale As Group Chief Economist
Nigeria’s former Statistician-General of the Federation and Chief Executive of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has been appointed as Group Chief Economist & Managing Director of Research and International Cooperation at the African Export-Import Bank (Afreximbank). With more than two decades of cognate experience in statistical research and development planning, Kale […]
Nigeria Suffers 28.8% Malware Attacks In Q2 2023 – Kaspersky
Kaspersky Security Network (KSN), a frontline cybersecurity firm, has reported that Nigerian businesses and organizations remain among the major targets of cybercriminals in 2023 with the country suffering 28.8% malware attacks in Q2, 2023. The firm gave this data at the 9th annual Cyber Security Weekend – META conference recently held in Kuala Lumpur, Malaysia, where […]
CBN’s Jerk Up Of MPR, Other Rates Will Hurt Economy – CPPE
The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy group in Nigeria, has flawed the Central Bank of Nigeria’s Monetary Policy Committee (MPC) on its latest monetary policy decisions during its two-day meeting which ended on Tuesday in Abuja, saying that the jerking of the lending benchmark rate and others […]
Tinubu Launches Expatriate Employment Levy For Cross-Border Skill Acquisition
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 […]
Senate Passes Bill On 6-Year Tenure For CBN Governor For 2nd Reading
Nigeria’s upper legislative chamber, the Senate, on Tuesday passed for second reading an amendment Bill intended to set the tenures of Central Bank Governor and Deputy Governors at a six year single non-renewable term. The upper chamber is also proposing one year notice from apex bank on any policy for the replacement of old Naira […]
CBN’s N10Trn Intervention Funds Have Little Results – Cardoso
….Says $26Bn Transactions Through Binance Nigeria Difficult To Trace The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, on Tuesday disclosed that the apex bank spent over N10 trillion in interventions to different sectors of the economy over the past six years without significant results to show for such humongous expenditure. He […]
Okonjo-Iweala Seeks Improved Regulatory Regime For Power Sector
The Director-General of the World Trade Organisation (WTO), Dr. (Mrs.) Ngozi Okonjo-Iweala, has charged the federal and subnational governments in Nigeria to create improved regulatory regime as a strategic option of attracting more investments to the nation’s power sector. Okonjo-Iweala, who gave the charge on Monday in her virtual goodwill message at the inauguration of […]