Business

Twitter on Tuesday banned the sharing of photos and videos of private individuals without their consent, the company said in a blog post. The update to its private information policy notes people can contact them to have such media removed from the microblogging platform. It doesn’t apply to public figures if …

The Federal Inland Revenue Service (FIRS) has explained why Nigeria did not sign the Organisation for Economic Cooperation and Development (OECD) G20 Inclusive Framework two-pillar solution to tax challenges of the digitalized economy. The OECD G20 Inclusive Framework two-pillar solution proposes a framework of rules aimed at tackling base erosion …

The Northern Elders Forum, NEF has advised President Muhammadu Buhari not to release Nnamdi Kanu from custody. Recall that Buhari after a meeting with the Southeast elders promised to consider a lighter resolution but worried that such would interfere with the principles of separation of power between the Executive and …

The World Bank says Nigeria’s fiscal position is fragile and vulnerable to global headwinds. The bank disclosed this in the November edition of its Nigeria Development Update (NDU) titled “Time for Business Unusual”. According to World Bank, without immediate macroeconomic reforms, Nigeria will remain exposed to oil shocks, adding that …

World Bank hails Kogi’s 2020 Audited Financial Statement The World Bank has commended the Government of Kogi State on its 2020 audited financial statement, describing the financial report as a standard for transparency and accountability in the public sector. The Bank made the commendation in a letter sent to the …

Oyo’s VAT revenue higher than total collection of 17 northern states •South West generates more VAT revenue than other 5 zones •North Central generates least revenue LAGOS, Oyo and Rivers states, with the highest Value Added Tax (VAT) revenue, subsidise the other 33 states with respect to VAT as the …

The Federal Government has developed a code of conduct for all social media platforms in the country, Festus Keyamo, Minister of State for Labour and Employment has disclosed. Speaking on Channels Television programme ‘Sunday Politics’ monitored by DAILY INDEPENDENT, Keyamo who is a member of a committee set up by …

Hidden and arbitrary charges are now the norm with Nigerian banks, which is giving them a not-so-pleasant reputation. These endless charges have almost become a necessary evil as customers now live with them; having been left without options. Bank customers in Abuja and other states who spoke with Daily Trust …

The Federal Prosecutor has opened an investigation into 62 suspicious transfers in Serie A, studying the exchange deals and capital gains due to possibly inflated valuations. La Repubblica and Il Tempo claim a new possible transfer scandal has arrived on the table of Federal Prosecutor Giuseppe Chiné. The reports claim …

According to a statement issued by the Governor of the Bank of Tanzania, Florens Luoga, the African nation is reportedly making plans to issue its own central bank-issued digital currency (CBDC). Tanzania Prepares To Launch Its CBDC As many African nations continue to tap into the digital currency initiative, Tanzania …