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Business & Economy

FirstBank hosts Fintech summit 5.0, highlights the impact of open banking on financial inclusion

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled...

Tax war: Malami mulls challenging states at supreme court over VAT collection

The federal government will do everything legally possible, including approaching the Supreme Court, to ward off states' agitation for collection of Value Added Tax...

Senate directs oil companies to relocate headquarters to Niger Delta

The Nigerian senate has asked international oil companies (IOCs) operating in the Niger Delta region to relocate their headquarters to their states of operation. The...

Oil price tops $80 per barrel…highest ever in three years

Oil prices continued to surge as Brent crude, global oil benchmark, climbed a three-year high amid increasing demand for the commodity. At 11.25 am Tuesday,...

Federal Government to roll out of 5G network by January 2022

The Minister of Communications and Digital Economy, Isa Pantami, today announced that the Five Generation 5G) network will be available in Nigeria by January 2022. Mr...

WhatsApp will stop working on old smartphones in two months leaving millions of people from seeing messages

WHATSAPP will stop working on old smartphones in two months, leaving millions of people unable to see messages. The messaging platform will remove support for...

Breaking: Sanwo-Olu signs VAT Bill into law

Governor Babajide Sanwo-Olu of Lagos State has signed into law the State Value Added Tax, VAT Bill. Governor Babajide Sanwo-Olu of Lagos State, on Friday,...

FirstBank launches new customer-centric mobile Application, LIT App

In furtherance of its commitment to spearhead value-driven mobile and digital banking in Nigeria, First Bank of Nigeria Limited has announced the launch of the...

FG authorises deployment of 5G network

The federal executive council, FEC, has approved the deployment of 5G technology in the country. This was announced on Wednesday at the end of...

Customs boss canvases excise duty on carbonated drinks

The Nigeria Customs Service (NCS) has called for the re-introduction of excise duty on all drinks produced in the country. Hameed Ali, comptroller-general of the...

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