Tinubu appoints Taiwo Oyedele chairman of new committee on tax reforms

BusinessNewsNigeriaTinubu appoints Taiwo Oyedele chairman of new committee on tax reforms

By Ezinwanne Onwuka (Senior Reporter)July 8, 2023

President Bola Tinubu, on Friday, approved the establishment of a presidential committee on fiscal policy and tax reforms and has appointed Taiwo Oyedele to chair the committee. Oyedele is the fiscal policy partner and Africa tax leader at PricewaterhouseCoopers, PwC, a network of firms in 152 countries that offers business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services. Announcing the development in a statement, Dele Alake, special adviser to...

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Meta to launch Twitter’s rival app, Threads on Thursday

BusinessNewsNigeriaMeta to launch Twitter’s rival app, Threads on Thursday

By Ezinwanne Onwuka (Senior Reporter)July 4, 2023

Meta, the parent company of Facebook, Instagram and WhatsApp, plans to launch a Twitter-rivalling micro-blogging app called Threads on Thursday, July 6. Already, Threads is available for pre-order on the Apple app store. “Threads is where communities come together to discuss everything from the topics you care about today to what’ll be trending tomorrow,” the description on the app store reads. Described as “Instagram’s text-based conversation app”, Threads has a similar appearance to Twitter. This...

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Abia State government launches digital tax payment system for transporters, traders

BusinessNewsNigeriaAbia State government launches digital tax payment system for transporters, traders

By Ezinwanne Onwuka (Senior Reporter)July 4, 2023

Governor Alex Otti of Abia State, on Monday, launched a new digital tax system that would promote transparency in the collection of tax and make tax payments seamless for transporters and traders. In a statement on Tuesday, Kazie Uko, the chief press secretary to the Governor, said the digital tax system also integrates a free medical insurance scheme for all commercial vehicle drivers and riders of tricycles (Keke) and motorcycles (Okada). Speaking at the launch,...

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FG moves to tackle rejection of Nigeria export products

BusinessNewsNigeriaFG moves to tackle rejection of Nigeria export products

By Uzoamaka Ikezue (Staff Reporter)June 22, 2023

The Federal Government has initiated a move to tackle the incessant rejection of Nigeria’s export products in the international market through the establishment of the National Quality Council (NQC). The measure was taken to enhance development, harmonisation and rationalisation of Nigeria’s quality infrastructure. Osita Aboloma, chairman and chief executive of the NQC who stated this in Abuja, said that various legs of the quality infrastructure, namely standards development, metrology, conformity assessment and accreditation require urgent...

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International Press Center Launches Digitalize IOS Web App 

BusinessNewsNigeriaTechnologyInternational Press Center Launches Digitalize IOS Web App 

Hassan Umar Shallpella (Regional Correspondent)June 22, 2023

The International Press Center (IPC) has launched a digitalized IOS Web App on media election code, with a call on the Federal Government to deepen democratic dividends by fulfilling all its campaign promises. Mr Lanre Arogundade, Executive Director of IPC made the call in Abuja during a media and CSOs stakeholder’s roundtable discussion on the documented Campaign Promises of President Bola Tinubu. He urged the media professionals to educate the citizens for them to monitor...

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Anambra Investment Summit Set for September

BusinessNewsNigeriaAnambra Investment Summit Set for September

Ebuka Onyekwelu (Staff Writer)June 10, 2023

Organizers say participants with bright pitches can win as much as $10, 000 Mark Okoye, the Managing Director- MD, of Anambra State Investment Promotion and Protection Agency – ANSIPPA, on Friday during a media roundtable at the ANSIPPA office in Awka, announced that Anambra Investment Summit 2023 would hold in three months time, precisely on September 7 and 8, 2023. During the summit he said, participants with bright pitches can win as much as $10,...

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Gov El-Rufa’i Inaugurates Milk Factory That Would Produce 10,000 liters daily

AgricultureBusinessNewsNigeriaGov El-Rufa’i Inaugurates Milk Factory That Would Produce 10,000 liters daily

Hassan Umar Shallpella (Regional Correspondent)May 27, 2023

A milk factory expected to produce over 10,000 liters of milk daily situated in the Kabau Local government area of Kaduna State has been inaugurated The Danish dairy company is owned by more than 8,400 farmers from Denmark, Sweden, the UK, Germany, Belgium, Luxembourg, and the Netherlands. Governor of Kaduna State Nasiru El-Rufai who inaugurated the Arla Milk farm in Damau, Kabau Local government area, said the project would transform cattle rearing from being a...

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Illegal Mining: Chinese Government Holds Talks With Niger State Government

BusinessInvestingNewsNigeriaIllegal Mining: Chinese Government Holds Talks With Niger State Government

Hassan Umar Shallpella (Regional Correspondent)May 27, 2023

The Chinese government has commenced talks with authorities of the Niger State government over illegal mining activities by some Chinese companies across the state around Zuma Rock in the Suleja Local Government Area of the state. The meeting is part of a last-minute effort to avert a possible lawsuit by the Niger State government against the companies, as their activities have been a source of concern for the state government. Governor, Abubakar Sani Bello, recently...

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Banking & FinanceBusinessNewsNigeriaPoliticsFG permits commercial banks to issue debit cards that double as national identity card

By Ezinwanne Onwuka (Senior Reporter)May 26, 2023

…approves the deployment of an automated system for NIN-SIM linkage The National Identity Management Commission, NIMC, has partnered with the Central Bank of Nigeria, CBN, to allow commercial banks to print and issue debit cards that also serves as national identity card. The Minister of Communications and Digital Economy, Prof. Isa Pantami, disclosed this on Wednesday. Pantami said that the Federal Executive Council, FEC, approved a memo from the NIMC to that effect during Wednesday’s...

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CJN lauds Emefiele, CBN over reforms in financial sector 

BusinessEconomyNewsNigeriaCJN lauds Emefiele, CBN over reforms in financial sector 

By Uzoamaka Ikezue (Staff Reporter)May 25, 2023

Justice Olukayode Ariwoola, the Chief Justice of Nigeria (CJN) has commended the Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, and the bank, for the unwavering effort, dedication and proactive initiatives towards the growth of the economy. Justice Ariwoola disclosed this on Wednesday, 24 May 2023, while declaring open the 2023 Central Bank of Nigeria Capacity Building Workshop on Banking and Financial Services Sector for Judicial Officers, which he said was designed...

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