The Federal Government projected that about $22.82 billion would be invested in 1,068 oil and gas projects approved between 2022 and 2023, the Chief Executive Officer of Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, has disclosed. The projects, which span across the broad spectrum of the hydrocarbon resources value chain, hold socioeconomic benefits […]
The Economic and Financial Crimes Commission (EFCC), has charged members of the Association of Local Governments of Nigeria (ALGON), to adopt innovative strategies in the current drive towards tackling corruption and improve governance at the local government level. The Executive Chairman of the anti-graft agency, Mr. Ola Olukoyede, gave the charge at a two-day national […]
The Presidency has given reasons why some Executives of a cryptocurrency trading platform, Binance Nigeria, are arrested and being quizzed by security agencies Speaking on the ‘Politics Today’ programme in Channels Television on Wednesday, President Bola Tinubu’s spokesman, Bayo Onanuga, alleged that the cryptocurrency trading platform was involved in some foreign exchange (FX) transactions abuses […]
The Central Bank of Nigeria (CBN) has recently released a Cyber Cyber-security Framework and Guidelines aimed at managing the technology platforms and infrastructure used in managing Deposit Money Banks, DMBs and Payment Service Banks, PSBs. According to the circular on the monetary policy guidelines to all Deposit Money Banks (DMBs) and Payment Services Banks (PSBs) […]
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 […]
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 […]
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 […]
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N5,139.25 in January this year, representing 12.00% increase from N4,588.75 it sold at in the corresponding month of last year, the National Bureau of Statistics (NBS) has reported. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price […]
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 […]
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 […]