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The Federal Government of Nigeria, through the National Information Technology Development Agency (NITDA), has revealed plans to establish research centres with cutting-edge technologies across the country’s six geo-political zones.  These centres will concentrate on innovations in fields such as Artificial Intelligence (AI), Internet of Things (IoT), and blockchain technology. The Director-General of NITDA, Kashifu Inuwa, noted […]

The financial markets have reached a pivotal milestone with the approval of spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Funds (ETFs). Unlike their futures-based predecessors, these ETFs directly hold the underlying assets, offering investors a transparent and potentially less volatile way to gain exposure to leading cryptocurrencies. This development signifies a major step in the […]

In light of recent developments aimed at strengthening Nigeria’s fintech sector, Ade Bajomo, President of FintechNGR, led a team from the Association’s Governing Council in an engagement with the Central Bank of Nigeria (CBN) to chart the way forward. Receiving the delegation at the CBN headquarters in Abuja, Philip Ikeazor, Deputy Governor of Financial System […]

Taiwo Oyedele, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, has announced that the Federal Government has waived withholding tax for farmers, small businesses, and manufacturers. Oyedele disclosed this in a post on his X (Twitter) handle, stating “As part of the ongoing fiscal policy and tax reforms, a new withholding […]

The Central Bank of Nigeria (CBN) has issued a directive to Deposit Money Banks (DMBs) and authorised forex dealers, directing them to accept old and lower US dollar denominations from customers in the country. According to the apex bank, the directive became necessary as it had been inundated with complaints from customers after it conducted consumer market […]

The Nigerian National Petroleum Company Limited (NNPC Ltd) has called for the establishment of more local institutions in Nigeria and Africa with the capacity to fund energy projects, aiming to tackle energy poverty. This call was made by Mr. Umar Ajiya, the Chief Financial Officer of NNPC Ltd, at the ongoing 23rd Nigeria Oil Gas […]

On 28 June 2024, Nigeria signed the Samoa Agreement at the Organisation of African, Caribbean, and Pacific States (OACPS) Secretariat in Brussels, Belgium. The partnership agreement is between the EU and its Member States on one hand, and the members of the OACPS on the other. Negotiations on the agreement started in 2018 on the […]

President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategizing a way out of the current economic situation in the country. The Council comprises a mix of government officials, top private sector players, and consultants, including the President of Dangote Industries Limited, Mr. Aliko Dangote; Chairman of United Bank of […]

Nigerians are currently experiencing a historic and alarming increase in the prices of goods and services, marking one of the most challenging episodes in recent history. This general price hike began in 2022 due to global supply chain bottlenecks, the impact of the Russia-Ukraine war, and widespread insecurity in Nigeria. The situation was exacerbated by […]

Nigerians are currently experiencing a historic and alarming increase in the prices of goods and services, marking one of the most challenging episodes in recent history. This general price hike began in 2022 due to global supply chain bottlenecks, the impact of the Russia-Ukraine war, and widespread insecurity in Nigeria. The situation was exacerbated by […]