Decision on removal of subsidy on petroleum would be made in June when the provision for its payment in the 2022 budget expires, the National Economic Council (NEC), has said. Responding to questions while briefing State House Correspondents on the outcome of the meeting, Governor of Nasarawa State, Abdulahi Sule, said it was understandable … [Read more…]
The year 2021 witnessed massive cyberattacks that affected private organisations, government agencies, individuals, and supply chains globally. Nigeria had its fair share of cyberattacks and compromise albeit largely underreported. On December 9, an acute Remote Code Execution (RCE) vulnerability was reported in the Apache logging package Log4j 2 versions 2.14.1 that shook the internet. By … [Read more…]
Oil marketers, under the aegis of Association of Tank Farm Oil and Gas Marketers of Nigeria (ATOGMAN), have commended Governor Nyesom Wike of Rivers State for taking action against illegal refineries and oil bunkering. Wike had issued a 48-hour ultimatum to the 23 local government areas chairmen to provide list of illegal refineries and their … [Read more…]
By Ikenna Igwe In the last four years, cryptocurrencies especially Bitcoin have become ubiquitous, prompting both global and domestic monetary authorities to devise a means to regulate and accept their usage. In Nigeria alone, the crypto market has expanded so much that the volume of Bitcoin traded monthly is estimated at $200mn according to Buycoin, … [Read more…]
Clearing agents and freight forwarders have decried over 3, 000 imported vehicles trapped at the Tin-Can Island Ports Complex, Apapa, due to the collapse of the National Vehicle Registration (VReg) platform created by the Federal Ministry of Finance (FMoF) for imported vehicles. The clearing agents lamented the daily rising costs incurred from demurrages arising from … [Read more…]
The Federal Government has applauded the commitment and dedication of the Nigerian Communications Commission (NCC) towards enhancing digital skills development among youths, through implementation of various Information and Communication Technology skill acquisition programmes. Minister of Interior, Rauf Aregbesola, and the Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, gave the … [Read more…]
CBN Gov: Pan-African payment platform “ll reduce the use of pounds and dollars in intra-African trade. Godwin Emefiele, Governor of the Central Bank of Nigeria, CBN, says the pan-African payment and settlement system, PAPSS, will simplify cross-border transactions and reduce third currencies for intra-African trade. The third currencies include dollars, pounds and euro for cross-border … [Read more…]
The price of Liquefied Natural Gas (LPG), popularly called cooking gas which hit the roof top about five months ago selling at N8,500 per 12.5kg is set to crash to an all time low as the Board of Directors of the Nigerian Liquefied Natural Gas Limited (NLNG), has approved the supply of 100 per … [Read more…]
THE Plateau State chapter of the Peoples Democratic Party, PDP, and the ruling All Progressive Congress, APC, are at each other’s throats over plans by Governor Simon Lalong to spend N18 billion on British-American flyover. The PDP, which is contending that government should tackle insecurity in the state, alleged that the project was a … [Read more…]
Nigeria lost a whopping N630.57 billion in seven months of ban on Twitter operations in the country just as US, UK, EU welcome its return to Nigeria. This is according to statistics disclosed by Netblocks.org. The microblogging platform has welcomed Nigeria’s decision to lift the restrictions placed on its operations in the … [Read more…]
The Coalition of Northern Groups, CNG has reacted to the Proscribed Indigenous People of Biafra, IPOB’s ban on the consumption of ‘Fulani cows’ (beef) in South-East, calling for a total boycott of all businesses operated by the Igbo all over the North. CNG through its Spokesperson, Abdul-Azeez Suleiman, said that IPOB’s order issued … [Read more…]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has unveiled the federal government’s strategic initiative for a robust revenue generation that would meet the federal government’s N10. 74 trillion target, with which to fund the 2022 budget. She said at the federal government’s 2022 Budget Public Presentation, in Abuja, on … [Read more…]