Nigeria Extractive Industries Transparency Initiative (NEITI) has said it is working in collaboration with the Economic and Financial Crimes Commission (EFCC) to recover about $6 billion and another N66 billion owed the Federal Government by industry stakeholders in the oil sector. Executive Secretary of NEITI, Orji Ogbonnaya Orji, who disclosed this while defending the 2025…
Africa’s digital financial services provider, Moniepoint Inc, has rolled out a transformative initiative, DreamDevs with its call for entries. This program seeks to nurture the continent’s brightest minds, equipping them with practical tech skills and invaluable real-world experience that will mitigate current challenges around tech talent sourcing in Africa. DreamDevs targets very recent graduates with…
The Central Bank of Nigeria (CBN) has waived N250,000 annual licence renewal fee for each Bureau De Change (BDC) operator for the 2025 financial year. In a statement, CBN Acting Director, Financial Policy & Regulation Department, Johnson Ojah, said the waiver of non-refundable annual licence renewal fee for existing BDCs aligns with the Regulatory and…
The Federal Government has announced the offering of three Federal Government of Nigeria (FGN) bonds for subscription, with a combined value of N450 billion. This was disclosed in the January 2025 FGN Bond Auction Results issued by the DMO yesterday. The first bond on offer is a N100 billion April 2029 FGN bond, with a…
NIGERIA’S Minister of Solid Minerals Development, Dr. Dele Alake has assured Nigerians that the establishment of the Nigeria Solid Minerals Corporation will significantly transform the mining sector and lay the foundation for its sustainable development. He spoke yesterday when he hosted the British Deputy High Commissioner to Nigeria, Jonny Baxter, in his office in Abuja….
Nigeria’s Digital Bridge Institute (DBI) has partnered with a United States (U.S)-based SBTS Group LLC to equip Nigerian youth with the needed digital skills for global competitiveness. The partnership between the DBI and SBTS is essentially designed to address the nation’s digital divide, digital literacy deficit and drive job creation. Described as a milestone for…
Deputy Speaker of the House of Representatives, Benjamin Kalu has said the four tax reform bills currently before the National Assembly will help drive revenue generation, improve the nation’s revenue profile and support investments both locally and internationally. Kalu who spoke at a meeting on UK -Nigeria Strategic Dialogue with the Deputy Leader, House of…
The Minister of Finance and the Coordinating Minister of the Economy, Wale Edun, has said the tariff in the telecommunications sector will be reviewed periodically. Edun spoke at the ongoing 2025 World Economic Forum (WEF) in Davos, Switzerland. According to him, the periodic review will ensure the tariff remains balanced and fair for both consumers…
The Nigeria Labour Congress (NLC) has upbraided the Minister of Power, Adebayo Adelabu, for earmarking N8 billion in the 2025 federal budget to sensitise Nigerians on the need to pay electricity bills. The NLC’s position was conveyed in a statement signed by its President, Comrade Joe Ajaero in Abuja. The Federal Ministry of Power had…
