Economy
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NCC highlights significance of designating telecoms as CNII for economic stability
The Nigerian Communications Commission (NCC) has highlighted the significance of the Federal Government’s recent designation of the telecommunications sector of the economy as one of the Critical National Information Infrastructure (CNII) in the country. Nigerian Government’s latest move has been described as “a major step” towards securing the West African country’s communications and digital infrastructure. Critical National Information Infrastructure refers…
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Google, Microsoft, others pay N2.6trn taxes in Nigeria, NITDA reveals
The National Information Technology Development Agency (NITDA) has revealed that foreign digital companies operating in the country, including Google, Microsoft, and TikTok, among others, paid a total of N2.6 trillion in taxes in the first half of this year. The Agency disclosed this in a statement issued on Tuesday by its Director of Corporate Communications & Media Relations, Mrs. Hadiza…
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JUST IN: South Africa eases visa rules for Nigerian tourists, business people
By Kunle Sanni President Cyril Ramaphosa has announced that Nigerian tourists and business travelers can now apply for visas to South Africa without submitting their passports. Speaking at the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape Town on Tuesday, which was attended by President Bola Tinubu, Ramaphosa highlighted South Africa’s efforts to simplify its visa processes.…
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Tax Reform Bills: We shouldn’t allow few provisions to cause obstruction- Oyedele
The Chairman of the Presidential Tax Reform Committee Taiwo Oyedele has urged Nigerians not to allow few grey areas in the proposed tax reform bills to cause obstruction to the passage of the bills. Controversies have trailed the bills since it was sent to the National Assembly by President Bola Tinubu, with prominent northern leaders vehemently rejecting the bills on…
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DMO unveils FGN savings bonds for Dec, jerks’ interest to 18.48%
The Federal Government through the Debt Management Office (DMO), has officially launched the subscription window for the Federal Government Savings Bonds (FGN Savings Bonds) for December 2024. This initiative, aimed at fostering national investment, invites both individual and institutional investors to partake in the opportunity over a four-day period, from December 2 to December 6, 2024. This month’s bond offering…
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Nigeria issues two Eurobonds with yields over 10%
Nigeria is returning to the international capital markets for the first time in over two years with a significant Eurobond offering, aimed at funding the country’s 2024 budget deficit. The government is issuing $500 million in 6.5-year bonds, alongside a benchmark-size offering of 10-year bonds, with yields expected in the 10.125% area for the shorter-dated securities and 10.625% for the…
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FG reaffirms Nigeria as Africa’s leading investment hub
In a bold move to assert Nigeria’s economic prowess, the Federal Government has reaffirmed the nation’s position as Africa’s leading investment hub at the France-Nigeria Business Forum in Paris. The Director, Information and Public Relations, Federal Ministry of Finance, Mohammed Manga, stated in a statement on Sunday that the strategic declaration is poised to catapult Nigeria to the forefront of…
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NCC introduces licensing framework for A2P services
…to hold stakeholders forum Dec 20 The Nigerian Communications Commission (NCC) has officially introduced its highly anticipated Licensing Framework for Application-To-Person (A2P) services. This was announced in a statement issued by the Director of Public Affairs, Reuben Muoka, on Friday. According to Muoka, the framework, meticulously developed in accordance with the Nigerian Communications Act (NCA) of 2003, is now accessible…
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NCC Boss joins IIC Board of Directors
The Executive Vice Chairman of Nigeria Communication Commission (NCC), Dr. Aminu Maida has joined the Board of Directors of TMT advocacy body of the International Institute of Communications(IIC). Currently serving as the EVC/CEO at NCC, Dr Maida plays a pivotal role in shaping Nigeria’s telecommunications landscape. Under his leadership, the NCC continues to advance connectivity, foster innovation, and promote a…
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FG secures €300m development partnership with France
In a landmark move to strengthen bilateral ties and drive sustainable development, the Federal Government has secured a €300 million development partnership with France. This significant agreement is set to bolster key sectors of Nigeria’s economy, including healthcare, transportation, and renewable energy. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun led the Federal Republic of…
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