Economy
-
Set automatic antivirus updates to avoid vulnerabilities, NCC advises
The Nigerian Communications Commission (NCC) has advised telecom consumers and other Information and Communications Technology (ICT) end users on the need to always enable automatic update features for AVAST and AVG antiviruses to prevent potential cyber vulnerabilities. This was contained in a new advisory released by the Computer Security Incident Response Team (CSIRT), the cybersecurity centre for the telecom sector…
Read More » -
Osinbajo drums support for FIRS digitisation agenda
Vice President Yemi Osinbajo has urged the Chartered Institute of Taxation of Nigeria (CITN) to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation of tax administrative processes. He made this call in his speech at the Chartered Institute of Taxation of Nigeria’s (CITN) 24th Annual Tax Conference held at the International Conference Centre, Abuja. The…
Read More » -
Oyo inaugurates Human Capital Development Council
By Richard Thomas, Ibadan Oyo State government on Wednesday inaugurated it’s Human Capital Development (HCD) Council for sustainable development in the state. The inauguration held at the Governor’s Office was convened by the Secretary to the State Government and Chairperson of the Council, Mrs. Olubanwo Adeosun on behalf of the Governor Seyi Makinde. Speaking at the event, the state Focal Person…
Read More » -
Osinbajo calls for focus on gas as transition fuel
Vice President Yemi Osinbajo has restated the need to designate gas as a transition fuel in the global net-zero emissions target by 2060 even as he observes that Africa is now winning that argument. Prof Osinbajo spoke while receiving a delegation of Executive Directors of the African Development Bank, AfDB, led by the Dean of the Board, Mrs Mmakgoshi Lekhethe,…
Read More » -
Equities market drops further by N19bn
The equities market of the Nigerian Exchange Limited (NGX), on Wednesday depreciated by N19 billion amid continuous profiting taking activities. Market capitalisation lost N19 billion to close at N28.423 trillion, while the NGX All Share Index (ASI) decreased by 35.28 basis points or 0.07 per cent to close at 52,721.34 points. The downturn was impacted by losses recorded in medium and large…
Read More » -
MTN Nigeria, 26 other stocks depreciate NGX ASI by 0.35%
Trading activities in the domestic equities market yesterday continued on a negative note, as profit-taking witnessed in MTN Nigeria Communications (MTNN) and 26 others caused a 0.35 per cent decline in the benchmark index. In summary, the NGX All-Share Index (ASI) declined by 187.47 absolute points, representing a decrease of 0.35 per cent to close at 52,756.62 points. Similarly, the…
Read More » -
Abuja-Kaduna train service to resume May 23
The Federal Government, through the Federal Ministry of Transportation (FMoT), has directed that the Abuja-Kaduna Train Service (AKTS) should resume on May 23. The Deputy Director, Public Relations of the Nigeria Railway Corporation (NRC), Yakub Mahmood, made this known in a statement issued in Lagos on Monday. The News Agency of Nigeria (NAN) reports that a Kaduna-bound train from Abuja…
Read More » -
Inflation rate increases to 16.82% in April, says NBS
The National Bureau of Statistic (NBS) on Monday disclosed that Consumer Price Index, (CPI) which measures inflation increased to 16.82 per cent in April 2022. The inflation rate, according to NBS was at 15.91 per cent in March 2022. The reported 16.82 per cent is 1.3 per cent points year-on-year lower when compared to the rate recorded in April 2021…
Read More » -
FIRS lists NNPC, Mobil, MTN as top taxpayers
The Federal Inland Revenue Service (FIRS) has listed the Nigeria National Petroleum Corporation (NNPC) as the nation’s highest tax payer in 2021. This was disclosed in a statement signed by the Special Assistant to the Executive Chairman, FIRS, Johannes Wojuola, on Monday. The FIRS also listed Mobil Producing Limited, Star Deep Water Petroleum, MTN Nigeria Communications Plc, Shell Petroleum Development…
Read More » -
Abiodun warns against illicit activities at the border
By Kolawole Olayinka, Abeokuta Ogun State Governor, Prince Dapo Abiodun has called on the youths and the people of the state not to see the reopening of the nation’s borders as an avenue to engage in illicit activities capable of damaging the country’s economy. Abiodun gave the charge in his address at the 10th year coronation anniversary of the Olu…
Read More »
