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Lagos investing in technology to be Africa’s innovation hub -Sanwo-Olu

Lagos State Government’s investment in technology and innovation is a deliberate effort to position the State as key player in global technology space, Governor Babajide Sanwo-Olu said on Monday. The Governor said his administration’s financial commitment to Information and Communication Technology (ICT) is to make Lagos Africa’s foremost centre of innovation by harnessing local capabilities…

French Development Agency, ECA sign MoU

The French Development Agency (AFD) – represented by its CEO Rémy Rioux – and the United Nations Economic Commission for Africa (ECA) – represented by its Executive Secretary, Vera Songwe, today signed a memoranda of understanding between the two institutions. With this MoU, AFD and ECA confirmed their wish to work more closely together on…

Buhari replaces Fowler, FIRS boss, with Nami

President Muhammadu Buhari has nominated a replacement for the Directo-General of the Federal Inland Revenue Service, FIRS, Babatunde Fowler, to the Senate for confirmation. He is Mohammad Nami, a member of the Chartered Institute of Taxation of Nigeria, CITN, and a graduate of both Ahmadu Bello University, Zaria, and Bayero University, Kano, with a Bachelor…

NCC establishes emergency communication centres in 18 states

… Launches 112 Toll-Free Emergency Telephone Number The Nigerian Communication Commission (NCC) has established and operationalised Emergency Communication Centres (ECC) across 18 States of the country including the Federal Capital Territory (FCT), as a measure towards tackling the emerging security challenges. This was disclosed by the Executive Vice Chairman of NCC, Engr. Umar Garba Danbatta,…

Oil prices jump on Saudi surprise

Oil jumped because of news from Vienna. OPEC+ agreed to cut 500,000 bpd more than the current arrangement, a figure that initially raised questions on Thursday. However, on Friday, Saudi officials said they would maintain their unilateral cuts beyond what is required in order to defend oil prices. The markets responded with a bounce. OPEC+…

Supporting policies, infrastructure crucial for effective implementation of AfCFTA

 For the African Continental Free Trade Area (AfCFTA) to have a positive influence on long-term investment in Africa’s productive capacities, there is need for the continent to develop appropriate supporting policies, build requisite infrastructure and ensure an educated work force. This was said Monday by the United Nations Resident and Humanitarian Coordinator, Edward Kallon, during…

Why Nigeria needs to improve its ease of tax payments

As part of Nigeria’s efforts at becoming a leading investment destination in Africa, an aspect of the economy to give top priority is the “Ease of Tax Payments.” Mr. Yomi Olugbenro, Head, Tax, West Africa at Deloitte Professional services made the argument at the recent 2019 NSE CEO Interactive session on the Consumer Goods sector,…

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