The International Monetary Fund (IMF) has pledged to sustain its support to the Federal Inland Revenue Service (FIRS) to help deepen tax administration and strengthen Nigeria’s revenue mobilisation efforts. Speaking during the opening of an IMF-supported Headquarters Mission at the FIRS headquarters in Abuja, a Senior Economist at the Fiscal Affairs Department of the IMF,…
An initiative, the Digital Higher Education Africa (DHEA), is championing the continent’s higher education’s digital transformation to address gaps in the areas of access and affordability. DHEA demonstrated this through the summit it organised which was anchored by Argyle IT & Education and was held at Eko Hotel and Suites, Victoria Island, Lagos. The inaugural…
The Aliko Dangote Foundation has flagged off the distribution of 10,000 bags of rice, each weighing 10 kilograms, to vulnerable households, people living with disabilities and the less privileged in Bayelsa State. Deputy Governor Bayelsa State, Senator Lawrence Ewhrudjakpo who represented the Governor, Senator Douye Diri at the event commended Aliko Dangote for his philanthropic…
The Nigeria Customs Service (NCS), in collaboration with other law enforcement and regulatory agencies, has held a sensitisation exercise for international airline operators at the Nnamdi Azikiwe International Airport, Abuja in a proactive move to strengthen Nigeria’s anti-money laundering efforts. .The session, the Service said, aimed to increase awareness on the importance of enforcing Nigeria’s…
The Central Bank of Nigeria (CBN) has clarified that there are no hidden charges attached to transactions on Non-Resident Bank Verification Number (NRBVN) platform. The apex bank affirmed that no hidden fees have been introduced and that the BVN enrolment for Nigerians residing within the country remains entirely free of charge. The bank’s Acting Director…
Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has said the country’s airports are operated at a loss without private sector involvement, stressing that the Federal Government could no longer sustain them profitably. Keyamo, who spoke at the launch of Enugu State’s indigenous airline, Enugu Air, said: “There is no government that can run…
The Federal Government has urged the judiciary to develop new approaches to resolving disputes within Nigeria’s capital market, describing the market as more than a simple trading platform but a critical pillar for economic transformation. Vice President Senator Kashim Shettima, represented by Dr. Tope Fasua, Special Adviser to the President on Economic Affairs, made the…
Ford CEO Jim Farley has warned that the increasing embrace of Artificial Intelligence (AI) will axe half of white-collar jobs. He has become the latest corporate exec to sound the alarm about AI’s impact on workers. During the Aspen Ideas Festival, he highlighted the importance of the “essential economy”—which he defined as everything that gets…
With the commissioning of the new 330/132/33kV Bauchi Transmission Substation in Bauchi town, the Transmission Company of Nigeria (TCN) has added 240Mw to The Nation grid. Its GM, Public Affairs, Ndidi Mbah disclosed this in a press statement yesterday. She said, “The Transmission Company of Nigeria (TCN) has successfully commissioned a new 330/132/33kV Bauchi Transmission…
