European insurance industry leaders are doubling their digitalisation drive to enhance customer experiences and streamline operations in the face of looming recession threats to their economies. According to a recent survey conducted by Information Services Group (ISG), titled ‘Pulse Check – State of the European Insurance Industry’ conducted in the fourth quarter of 2023, nearly […]
Researchers at the Centre for the Study of the Economies of Africa (CSEA), an economic research think-tank with primary focus on developments in Africa’s economies, have canvassed a three-point strategic policy measures for the Federal Government to implement in order to shore up Nigeria’s foreign reserves. The analysts, in the firm’s ‘Nigeria Economic Update Issue […]
The Federal Government and the World Bank Group have partnered for improved fibre connectivity for telecoms consumers nationwide. The collaboration was disclosed at a stakeholders’ engagement with the catchphrase ‘Broadband for All’, which recently held in Abuja. The Minister for Communications, Innovation and Digital Economy, Dr. ’Bosun Tijani, whose ministry co-organised the forum, noted with […]
The Nigerian Communication Commission (NCC) has solicited the collaboration, innovation and of all stakeholders in the nation’s digital economy landscape as a proactive strategy to mitigate emerging risks ahead of planned 6G deployment in the country. The Executive Vice Chairman of the commission, Dr. Aminu Maida, made the call on Tuesday during a 2-Day Telecoms […]
The Federal Government has unveiled plans to soon begin the audit of the N22.7 trillion Ways and Means loan by the Central Bank of Nigeria (CBN) to the immediate past President Muhammadu Buhari’s administration with a view to knowing if the facility is prudently utilized. Ways and Means is a loan facility through which the […]
The Senate has advised the Federal Inland Revenue Service (FIRS) to strive for N30 trillion revenue collection in the fiscal year 2024, thereby raising the N19.7 trillion target earlier set for the tax agency. The Senate Finance Committee, during its budget presentation for 2024, advised the Service to strive to meet the projection after a […]
The Federal Inland Revenue Service (FIRS) has announced its transition from the e-TPPLAT used in filing transfer pricing returns and country-by-country reporting notification to a new platform called TAXPRO-MAX platform. The Executive Chairman of the federal tax agency, Dr. Zacch Adedeji, made this disclosure on Monday in a statement signed by him. The announcement specified […]
Nigeria has adopted new software developed by the Commonwealth Secretariat aimed at transforming the nation’s handling of its substantial $114.35 billion debt portfolio. The Senior Communications Officer at the Communications Division of the Commonwealth Secretariat, Snober Abbasi, disclosed the nation’s adoption of a more robust technological solution, Meridian software, for debt management in a statement […]
The National Information Technology Development Agency (NITDA) has advocated the incorporation of Artificial Intelligence (AI) into Nigeria’s security framework in order to make the nation’s environment more conducive for socioeconomic activities. The Director-General of the agency, Dr.Kashifu Inuwa, made this call during a meeting he had with the Commandant of the National Institute for Security […]
Nigeria’s Senate has approved the sum of N5.079 trillion as a revenue target and N706.4 billion as budget for the Nigeria Customs Service (NCS) in the 2024 fiscal year. The Red Chambers’ approval of the proposals followed the consideration of a report presentation by the Chairman of the Committee on Customs, Excise, and Tariff, Senator […]