By Dooyum Naadzenga Tech expert, Bosun Ayeni analyses the implications of the 50 % telcos tariff hike. With the approval, January 20, 2025 by the Nigerian Communications Commission (NCC) of a staggering 50% increase in tariffs for mobile network operators (MNOs), marking the first major
Analysis
By Andrew Oota The decision of the Nigerian Senate to regulate animal husbandry and ranches establishment in Nigeria as panacea for farmers and herders crises was greeted with mixed reactions . Although the bill sponsored by Senator Titus Zam elicited different shades of reactions,it received more favourable endorsements and seen as long overdue. Consequently Senate […]
Motolani Oseni The National Bureau of Statistics (NBS) said the nation’s inflation rate slowed to 11.02 per cent (year-on-year) in August 2019, a 0.06 per cent points lower than 11.08 per cent it recorded in July 2019. The latest NBS data, also, revealed that the inflation rate for August represents the lowest this year. The […]
Motolani Oseni A civic-tech organisation based in Lagos, BudgIT has warned that Nigeria may face a fresh financial crisis as a result of government failing revenues from Oil and Non-Oil sector. In a document signed by its Communications Associate, Shakir Akorede, noted that the federal government 2018 budget performance, released on September 2, 2019, the […]
Motolani Oseni The Federal Government (FG) deducted an accumulated sum of N122.4 billion from the monthly allocation due to thirty-five (35) states in Nigeria between January and July 2019, the monthly Federal Account Allocation Committee’s (FAAC) report released (year-to-date) by the National Bureau of Statistics (NBS) has shown. While providing details on the item, the
The Industrial Training Fund (ITF), has said that about 450,000 Nigerians have been trained under various vocational training programmes in the last three years. At a presentation of the Fund’s 2019 skills intervention programme in Abuja, the Director-General, Joseph Ari, insisted that skills acquisition remains the most viable and sustainable solution to the rising
After weeks of allegations and speculation, the Central Bank of Nigeria is reportedly in talks with MTN Nigeria, Standard Chartered, Stanbic IBTC Bank, Citibank and Diamond Bank towards reaching an “amicable” and “equitable” resolution. The CBN had previously alleged that MTN Nigeria and four banks had been involved in the illegal repatriation of funds out […]
By Ezedi Udom Last month a multinational banking and financial services company, the HSBC, made public its report on the future of the Nigerian economy if President Muhammadu Buhari wins the 2019 presidential election. The report, compiled by its Global Research Unit, and titled, ‘Nigeria, Papering over the Cracks,’ said Nigeria’s current economic struggles […]
By Ikemesit Effiong Indeed, Nigeria might be in the throes of a regulatory perception problem. The latest confirmation of this issue comes from the rather puzzling decision by the country’s central bank to sanction Africa’s biggest telecom firm MTN Nigeria and four banks for what it called the “illegal repatriation” of $8.1 billion from […]
Nonso Okpala, the Managing Director/CEO of VFD Group Limited, a company that seeks to implement a long-term investment strategy on June 28, 2018, wrote an article titled ‘NEM Insurance Plc’s 48th AGM and Associated Governance Issues’. The article succinctly points out the modern hindrances to a long-term strategic approach to corporate governance and investment holding.
President Muhammadu Buhari on Wednesday, 6th June, 2018 announced a posthumous conferment of the title of Grand Commander of the Federal Republic (GCFR) on the acclaimed winner of the June 12, 1993 presidential election, late Chief Moshood Kashimawo Olawale Abiola (MKO). President Buhari similarly announced the conferment of the Grand Commander of the Order of […]
On May 31, 2018, history was purportedly made in Nigeria as President Muhammadu Buhari reportedly granted assent to the Constitution (Alteration) Bill 2016 which is now more popularly known as “Not-Too-Young-To-Run”. It has obviously taken months of agitation by young people across the country (and possibly, the globe) to effect this change and it is […]
The Land Use Charge Law of Lagos State, 2018, was passed into law on February 8, 2018. The new law is aimed at unifying an otherwise fragmented legal regime on property taxation within the state and make for more transparency in the calculation of charges levied on the residents of the state. A recent outcry […]
Doomsday approaches: National Assembly stall NFIU decision, Nigeria credit ratings downgrade looming
As concerns mount over the expulsion of Nigeria by the Egmont Group of Financial Intelligence Units next month, international credit rating agencies are mulling the downgrade of Nigeria’s credit ratings according to international risk analysts. Since reports surfaced that the Egmont group was going to expel the NFIU from the global body, the ratings agencies […]
Cerebral Palsy, the medical condition that occurs in approximately 2-2.5 of 1000 live births globally according to a Paediatric cerebral palsy report in Africa – the condition is a neurological disorder caused by a non-progressive brain injury or malformation that occurs while the child’s brain is under development. But in the south-eastern Nigeria state of […]
In 2012, the world converged on Brazil for Rio + 20 to set development agenda for post 2015. The Assembly’s outcome document was: ‘’The Future We Want’,’ recognized that each country faces specific challenges to achieve sustainable development. One of the goals of the Sustainable Development Goals, SDGs, is to ‘’promote sustained, inclusive and sustainable […]
With the increase of domestic violence against women and the girl child, stakeholders are calling on the lawmakers to amend the Marriage Act. writes Peter Fowoyo Section 18 of the Marriage Act 1955 under the heading: “Consent to marriage of minors” provides that: ‘If either party to an intended marriage, not being a widower or […]
With one year to another election, the 2019 general election, there appears no end in sight to the leadership crisis rocking the opposition All Progressives Congress (APC) in Ebonyi State despite all efforts to reconcile the warring factions. This means that the hope of the party, winning the forthcoming election in the state especially the […]
….As Hajiya Ciroma seeks more women in politics An aspirant to the office of the National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus has stated that he will commence massive enlightenment and reconciliation if he emerge as the next chairman of the party. Prince Secondus disclosed this in Abuja when he returned […]
President Muhammadu Buhari presented the 8.612 Trillion Naira 2018 Appropriation Bill to the National Assembly a week ago. A breakdown of the budget as presented reveals the following: a. Recurrent Costs = N3.494 trillion; b. Debt Service = N2.014 trillion; c. Statutory Transfers = N456 billion; d. Sinking Fund = N220 billion (to retire maturing […]