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News

CITN urges tax practitioners to uphold ethical standards

The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Mr Samuel Agbeluyi, has called on the newly licensed tax practitioners to comply with ethics whilst carrying out their duties. Agbeluyi made the call during the presentation of practising licence certificates in Lagos State, according to The Punch. He said, […]

El Salvador moves Bitcoin to offline vault
News

El Salvador moves Bitcoin to offline vault

President Nayib Bukele announced on Thursday that El Salvador will move “a big chunk” of its Bitcoin holdings to an offline device that will be kept in a real vault on the country’s soil. In a post on X, Bukele, who was re-elected to a second term as president last month, stated “We’ve decided to […]

Banking

Bank directors seek lawmakers, regulators cooperation on policies

The Bank Directors Association of Nigeria has called for cooperation between lawmakers, regulatory authorities and the banking sector operators in the formulation and review of banking policies. The Association stated that the call was made by the Chairman of the Board of Directors, Mr Mustafa Chike Obi, who led a delegation to the Chairman of […]

Oil and Gas

Port Harcourt refinery resumes operation in April – NNPCL

The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said the Port Harcourt refinery will commence operations in about two weeks time. According to Kyari, the mechanical works at the Port Harcourt, Warri and Kaduna refineries have been completed, indicating that the Kaduna refinery will start operations in December. This […]

Google rolls out AI-powered scam protection on Chrome
News

Google updates Chrome’s safe browsing feature

Google has unveiled a significant update to its Safe Browsing feature in Chrome, introducing real-time functionality that checks against a server-side list without compromising user browsing privacy. Previously, Chrome would download a list of known malicious sites, including those harboring malware and phishing scams, every one to two hours. With the new system, Chrome will […]

SpaceX commits $2bn to xAI in bold push
News

SpaceX tests third flight to space

SpaceX continues to advance the development of Starship, the largest rocket ever constructed, achieving significant milestones during its third test flight on Thursday, surpassing the accomplishments of the previous two tests. The towering 400-foot Starship rocket soared into the sky from SpaceX’s Starbase facility in southeastern Texas at 8:25 a.m. local time. Despite years of […]

Conferences

Interswitch, Stanbic IBTC CEOs announced DBNC 2024 Keynote speakers

Entrepreneurs and business enthusiasts are gearing up for the fourth edition of the Doing Business in Nigeria Conference (DBNC) on April 13, 2024, Amidst the challenges posed by macroeconomic headwinds. This is an important platform for professionals and fans to come together, exchange ideas on how Nigeria can grow its business. There are three keynote […]

Energy

Credco, Vergnet propose 30MW wind, solar plant in Lekki

Two engineering firm, Credco and Vergnet have proposed to build a 30 megawatts windfall and solar hybrid plant in the Lekki area of Lagos state. This was disclosed in a meeting, when the Minister of Power, Adebayo Adelabu was represented by Procurement Director Abdulrasheed Lawal in Abuja during the submission of proposals from both companies, […]

Tech

US eyes TikTok purchase amid legislative pressure

Former United State Treasury Secretary Steven Mnuchin has revealed plans to assemble an investor consortium to acquire TikTok, following a legislative push in the House of Representatives to ban the popular video-sharing platform unless its China-based parent company divests its stake. Mnuchin stressed the need for US businesses to own TikTok, speaking on CNBC’s “Squawk […]

Economy

Nigeria earned N2.33tn from VAT, CIT in Q4 2023 – NBS

Nigeria’s economy witnessed a significant influx of revenue from Value Added Tax and Company Income Tax in the fourth quarter of 2023, according to the latest figures released by the National Bureau of Statistics. In the final quarter of the year, the combined VAT and CIT collections amounted to approximately N2.33 trillion, according to nairametrics. […]

News

Paris Club cancels 99% Somalia debt

The Paris Club of creditors has reached an agreement with the government of Somalia to cancel up to $2 billion of the country’s debt, approximately 99 % of which is owed by the country to the group. This was disclosed in a statement from the group yesterday where it stated it will forgive the country’s […]