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The President of the Institute of Chartered Accountants of Nigeria (ICAN), Chief Davidson Chizuoke S. Alaribe, has commended the Nigeria Deposit Insurance Corporation (NDIC) for its continuous compliance to the highest standards of integrity and transparency which is critical to the success of its operations in safeguarding depositors’ funds and ensuring the stability of the ...
Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has endorsed the recently announced 50 percent hike in telecommunications tariffs, urging telecom companies to enhance their service quality in line with the price increase. The tariff adjustment, the first in over a decade, was announced by the Nigerian Communications Commission (NCC) on ...
Africa’s Global Bank, United Bank for Africa (UBA) Plc, is set to host a Knowledge Series webinar focused on informing and educating small and medium business owners about the 2024 withholding tax regulations recently introduced by the federal government. The webinar, titled ‘2024 Withholding Tax Regulations, Specific Emphasis on How They Affect SMEs’, is scheduled ...
...As ATCON, Airtel hail approval By Seun Ibiyemi Following the approval of a 50% arrival hike by the Nigerian Communications Commission (NCC), the Federal Competition and Consumer Protection Commission (FCCPC) has tasked telecom operators to improve on service delivery and infrastructural development. The FCCPC in a statement on Wednesday hailed the Nigerian Communications Commission (NCC) ...
By Seun Ibiyemi The Managing Director, Wema Bank, Mr Moruf Oseni, on Wednesday disclosed the bank’s plan to raise N200 billion in fresh capital to complete its capital raise exercise. Oseni, who made this known in a statement in Lagos, said that the fresh capital would be raised through a combination of a rights issue ...
The former French Minister of Transport, Mr. Djebbari Jean-Baptiste, has hinted at the desire of investors from his country to invest in the transport sector of Ogun State, especially the agro-cargo airport. Other areas of interest for the investors, according to Mr. Jean-Baptiste, are the Dry Port, the Olokola Sea Port, and the railway system. ...
By Blessing Emmanuel The ongoing reforms under the leadership of Dr. Olayemi Cardoso at the Central Bank of Nigeria (CBN) are transforming the country's economic landscape, with positive indicators suggesting a promising outlook for 2025. Speaking during a webinar hosted by Nigerian NewsDirect Newspaper, Managing Director and CEO of the Center for Promotion of Private ...
Gov. Monday Okpebholo of Edo has approved the recruitment of 500 teachers by the State Basic Education Board (SUBEB) to boost learning. The Commissioner for Education, Dr Emmanuel Iyamu, announced this on Wednesday in Beninon assumption of office. Iyamu was sworn in on Monday by Okpebholo following his confirmation as commissioner by the state’s House ...
By Seun Ibiyemi The Executive Secretary of the Pension Transitional Arrangement Directorate (PTAD), Tolulope Odunaiya, has announced a policy review of the “I Am Alive” confirmation solution, introducing a mobile version to accommodate pensioners unable to validate their life status through facial recognition or fingerprint scanning due to disabilities or health challenges. Odunaiya outlined the ...
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has issued a 48-hour ultimatum to the Federal Government and telecommunications companies (telcos) to reverse the recent 50% hike in the cost of calls and data. SERAP made this demand via a tweet on Tuesday, describing the tariff increase as “unlawful” and promising to take ...
Nigeria’s bid to host the establishment of the UNESCO Category II Media and Information Literacy Institute has received a huge boost with the endorsement of seven countries, the Minister of Information and National Orientation, Mohammed Idris has disclosed. This is as the Minister also revealed that Nigeria has received commitments from twenty other countries. Speaking ...
By Seun Ibiyemi President Bola Ahmed Tinubu has granted approval for the establishment and development of Inland Dry Ports (IDP) in Ijebu-Ode, Ogun State, and Moniya, Oyo State, as part of efforts to alleviate congestion at seaports in Lagos, reduce persistent delays, and bolster Nigeria’s economy. Once completed, these Inland Dry Ports will provide significant ...
Nigeria and Saudi Arabia have renewed plans to build the capacity of their geological agencies by leveraging the breakthroughs recorded by Saudi firms in mineral exploration. Segun Tomori, the Special Assistant on Media to the Minister of Solid Minerals Development, Dele Alake, made this known in a statement on Tuesday in Abuja. He said that ...
The Managing Director, Nigerian Ports Authority (NPA), Abubakar Dantsoho has reaffirmed the authority’s commitment to strengthening its partnership with the Nigerian Liquefied Natural Gas (NLNG) to boost exports. A statement by the NPA said that Dantsoho made the pledge when he received the NLNG’s Chief Executive Officer, Dr Philip Mshelbila, at its headquarters in Lagos ...
...We are strengthening audit systems to tackle corruption in procurement – BPP DG By Seun Ibiyemi and Matthew Dennis The Federal Government has assured Nigerians that the nation’s economy is on a steady path to recovery and growth, driven by critical reforms and fiscal measures introduced by the administration of President Bola Ahmed Tinubu. This ...
Nigeria under President Bola Tinubu would soon become a trillion-dollar economy despite the initial difficulties, the Minister of Communications. Innovations and Digital Economy, Dr Bosun Tijani said in Abuja on Monday. Dr Tijani said Nigeria’s Gross Domestic Product (GDP) would increase substantially within the next two years with 21 percent of it coming from the ...
The National Bureau of Statistics (NBS) has announced that it is set to unveil the Rebased Consumer Price Index (CPI) report by the end of January 2025. This move is part of the NBS’s ongoing efforts to provide accurate and updated data to support informed decision-making. A statement signed by Joel Ichedi, Director of Communication ...
By Matthew Denis In a concerted effort to revitalise the nation’s economy, the Federal Government has reaffirmed its commitment to cultivating strategic global mining partnerships that will drive economic growth, attract investment, and foster innovation. This announcement was made in a statement issued yesterday and signed by Mohammed Manga, the Director of Information and Public ...
A former Group Managing Director of FirstBank, Dr. Bisi Onasanya has stated that he has not been contacted by the Economic and Financial Crimes Commission (EFCC) despite an arraignment scheduled for today at the Federal High Court in Lagos. Dr Onasanya and Oba Otudeko, who is also a former Chairman of First Bank of Nigeria ...
The Securities and Exchange Commission (SEC) has fixed January 31 as deadline for registration renewal of all Capital Market Operators (CMOs). The commission said in a circular issued to the operators on Sunday in Abuja. It said the annual registration renewal would last between January 1 and 31. The apex capital market regulator said the ...
The Ministry of Foreign Affairs said on Sunday that Nigeria and Egypt have agreed to elevate their diplomatic ties and bolster comprehensive partnership between them. The agreement seeks to promote mutual integration in tackling continental challenges and waive visas for diplomats. The ministry made this known in a statement in Abuja, issued by Alkasim Abdulkadir, ...
By Matthew Denis The Federation Account Allocation Committee (FAAC), at its December 2024 meeting chaired by the Honourable Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, shared a total sum of N1.424 Trillion to the three tiers of government as Federation Allocation for the month of December, 2024 from a gross ...
The Minister of Foreign Affairs, Amb. Yusuf Tuggar, says Nigeria is committed to fostering effective international partnerships and implementing policies that will balance economic growth among nations. Tuggar was quoted as saying this in a statement on Friday by Alkasim Abdulkadir, Special Assistant on Media and Communication Strategy to the minister. This is coming on ...
