The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. The Executive Chairman of the FIRS, Muhammad Nami, was quoted in a statement […]
The National Bureau of Statistics (NBS) on Thursday reported that Nigeria’s Gross Domestic Product (GDP) economy grew at 3.40 per cent year-on-year in 2021, representing the fastest annual growth since 2014 when it peaked at 6.22 percent. The Statistician General of the Federation, Dr. Simon Harry, gave these figures during his media briefing on the […]
Barely a week before the deadline set by the NCC for the payment of the spectrum fees by the winners of the 3.5GHz spectrum auction, the Federal Government has officially handed over the spectrum allocation for Fifth Generation (5G) deployment in the country to the Nigerian Communications Commission. Minister of Communications and Digital Economy, Prof. […]
The Lagos Chamber of Commerce and Industry (LCCI) has advised the Federal Government to frontally tackle the challenge of fuel scarcity in the country in order to sustain the positive trajectory in the nation’s economy and create enabling environment for national development. The President of the organized private sector (OPS) group, Dr. Michael Olawale-Cole, in […]
The Centre for the Study of the Economies of Africa (CSEA) has again lent its voice on the growing calls by financial and economic experts on the need for Federal Government to check the nation’s rising debt stock in order to avert plunging the country into debt distress. The experts’ concern came barely a few […]
The Nigerian Institute of Electrical and Electronic Engineers (NIEEE) has commended the leadership of the Nigerian Communications Commission (NCC) for setting the pace of 5G deployment in Africa. The engineering professional body, in a statement signed by its outgoing National Chairman, Engr. Kings Adeyemi, specifically lauded the NCC’s Executive Vice Chairman, Prof Umar Danbatta and the entire […]
The management of Oando Plc, a major marketing oil company, has faulted claims by the Nigerian National Petroleum Company (NNPC) Limited that the company was among four suppliers that imported adulterated fuel into Nigeria. The NNPC’s Group Managing Director, Mele Kyari, had on Wednesday night said the state-owned oil company on January 20, 2022, received […]
Oil producing communities’ people along the Trans-Forcado pipelines and Escravos Warri Refinery corridors have commended the Federal Government on the award of the contract of protecting the Nation’s critical assets in the oil-rich communities of Delta State to Ocean Marine Solution Limited (OMSL), a Nigerian company. Ocean Marine Solutions Limited is one of Nigeria foremost […]
Kano State Government has unveiled plans to use the growing insurance culture to attract foreign investments into the state The State Governor, Dr. Abudullahi Ganduje, who was represented at a Three-Day retreat for members of the Technical Committee on implementation of Third Party Liability and other Insurances in Kano State by the Secretary to the […]
The Federal Government, United Nations Industrial Development Organisation (UNIDO), and Japan have signed a Memorandum of Understanding (MoU) to promote sustainable plastic value chain through circular economy practices. The implementation of the pact will be for a period of three years with an estimated project value of 319 million Japanese Yen, approximately $2,901,527. Speaking during […]