The U.S. government, via the United States Agency for International Development (USAID), has initiated a significant $3.5 million collaboration with Nigeria’s private sector to tackle fundamental issues within the country’s creative industry and enhance its position on the global stage. The initiative, tagged the Africa Creative Blueprint, is led by USAID in partnership with Ascend…
The Federal Government, is implementing a major change in its tax policy as it introduces a consumption-oriented Value Added Tax (VAT) through the proposed Tax Reform Bill. This effort seeks to address persistent disparities in revenue allocation among the states, which could significantly impact the country’s economic environment. During a recent session of the House…
The Apapa Port Command of Nigeria Customs Service has achieved a revenue collection of N2.01tr as at November 19, 2024 Customs Area Controller(CAC) of the command, Comptroller Babatunde Olomu, fsi who disclosed this while addressing officers and men on a parade on Wednesday November 20, 2024 said the command aims at achieving its N2.2tr target…
The Central Bank of Nigeria (CBN) on Tuesday advised the Nigerian public to be wary of SWIFT MT103, SWIFT and Ack copy, etc, requests in form of messages believed to have originated from foreign bodies to beneficiaries in Nigeria through their Nigerian banks. The CBN described such messages as fake. CBN said in recent time…
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has authorized the prompt execution of a N70,000 minimum wage for all employees of the Federal Capital Territory Administration (FCTA). This payment will commence in November 2024 and will also cover three months of arrear The statement, signed by Anthony Odeh, Press Secretary to the…
In a bid to improve billing accuracy and enhance customer satisfaction, the Yola Electricity Distribution Company (YEDC) has announced the rollout of 1,880 prepaid meters to Band A customers as part of the Meter Asset Funds (MAF) Scheme. This strategic initiative follows the cessation of electricity subsidies for Band A customers in April and aims…
In a statement Monday night, the Central Bank of Nigeria (CBN) alerted the public to the activities of fraudsters purporting to be in receipt of award letters of contracts related to construction works and special financial interventions on behalf of the Bank. The apex bank said it wish to clarify that this is false. In…
In a move to strengthen bilateral relations, the Nigeria Customs Service (NCS), on 16 November 2023, signed a Customs Mutual Administrative Agreement (CMAA) with its Indian counterpart. The Comptroller-General of Customs, Adewale Adeniyi, represented the NCS during the signing ceremony, held at the Ministry of Foreign Affairs in Abuja. This agreement formed part of the…
President Bola Tinubu has welcomed the Indian Prime Minister Narendra Modi for a State Visit at the Presidential Villa in Abuja on Sunday. Prime Minister Modi arrived Nigeria on Saturday, according to a statement by the Special Adviser to the President, Information & Strategy, Bayo Onanuga. The statement read, “His visit to Nigeria will be…
The Enugu Electricity Distribution Company PLC (EEDC) has attributed recent power outages in parts of Imo and Abia states to a loss of supply from the Alaoji Transmission Company of Nigeria (TCN). In an official statement released on Saturday, EEDC’s Head of Corporate Communications, Emeka Ezeh, confirmed that residents in Imo and parts of Umuahia,…
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