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FG’s IT infrastructure investment hits N3.8tn

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South Africa to alter taxation laws for remote workers
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S’Africa unveils visa reforms to attract skilled workers

The South African Minister of Home Affairs, Leon Schreiber, announced significant changes to South Africa’s visa system on Wednesday. The introduction of a new Remote Work Visitor Visa and a Points-Based System for Work Visas aims to simplify entry processes for foreign workers and investors, according to Bloomberg. These reforms are designed to eliminate bureaucratic […]

Meta plans full AI-driven Ad creation by 2026 - Report
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Meta expands AI chatbot availability to 21 new markets

Meta Platforms announced on Wednesday that its artificial intelligence chatbot, Meta AI, will be launched in 21 new markets as part of its effort to compete with OpenAI’s ChatGPT. In a move to attract more users, technology companies are enhancing their AI chatbots with new features and broader language support. Currently, Meta AI boasts nearly […]

Turkey blocks access to Discord following court ruling
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Turkey blocks access to Discord following court ruling

Turkey has blocked access to the instant messaging platform Discord, following a court decision that came after the company refused to comply with information requests from the government, authorities announced on Wednesday. In a status update, Discord, based in San Francisco, acknowledged reports of access issues in both Turkey and Russia, stating that its team […]

X poised for first ad revenue growth since Musk takeover
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X resumes service in Brazil following supreme court ruling

Social media platform X, formerly known as Twitter, became accessible to some Brazilian users on Wednesday, just a day after the country’s Supreme Court approved its return to service, affirming compliance with prior court rulings. Brazil’s telecommunications regulator, Anatel, announced that it has begun instructing internet providers to restore access to X. By Wednesday, some […]

Australia fines Google $36m over anticompetitive search engine deals
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US proposes remedies to curb Google’s search dominance

The U.S. Department of Justice is considering significant actions aimed at dismantling Google’s dominance in the search market, a move that analysts warn could undermine the company’s primary revenue source and hinder its advancements in artificial intelligence. However, the final resolution of this situation may still be years away. On Tuesday, the DOJ announced it […]

News

FG launches zero VAT on pharmaceuticals to reduce drug prices

The Federal Government has announced the initiation of a zero Value Added Tax policy on pharmaceutical products and medical devices, aimed at lowering drug prices across the country. In a statement released by the Head of Information at the Federal Ministry of Health, Alaba R. Balogun, it was confirmed that the Executive Order on the […]

Covenant university ranked Nigeria's best in 2024 — US Report
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Covenant university ranked Nigeria’s best in 2024 — US Report

Covenant University has been named Nigeria’s top university in the Times Higher Education (THE) 2024 World University Rankings. The Times Higher Education World Rankings is a prestigious annual assessment of universities worldwide, and this year’s edition features 1,907 institutions from 108 countries. Covenant University, Nigeria’s highest-ranking institution, placed within the 801-1000 range globally, alongside the […]

NNPCL sets fuel price above N1000 per litre
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NNPC allegedly raises petrol price to N1,030/litre

The Nigerian National Petroleum Company Limited has allegedly raised the price of premium motor spirit, commonly referred to as petrol, at its retail outlets. It was observed that the price of the product increased to  N1030 per litre in Lagos on Wednesday, according Premium Times. NNPC reportedly raise the pump price of petrol from N855 […]

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FG forms task forces to enhance investment in Nigeria’s aviation

The Federal Government has formed task forces within the Infrastructure Concession Regulatory Commission and the Ministry of Aviation to enhance investment in Nigeria’s aviation sector through public-private partnerships. This initiative aims to attract private capital, address infrastructure challenges, and stimulate economic growth within the industry. This was disclosed in a statement by the Acting Head […]

Aviation

Nigeria Air deal would require $112m payment to Ethiopian Airlines – Keyamo

Nigeria’s Aviation Minister, Festus Keyamo, revealed that the suspended Nigeria Air deal would have obligated the country to pay Ethiopian Airlines approximately $112 million over three years. This payment was intended to cover the use of surplus aircraft offered by Ethiopian Airlines as part of its equity stake in the Nigeria Air project. Keyamo made […]

News

FG must focus on fixing the nation’s refineries – ICAN

The Institute of Chartered Accountants of Nigeria has called on the Federal Government to take decisive action to repair the nation’s refineries. In his address at the 2024 Annual Conference of the Institute, ICAN President, Chief Davidson Alaribe emphasized the urgent need for concrete measures to revive Nigeria’s economy, according to Vanguard. He said, “I […]

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Okonjo-Iweala calls for subsidy cuts to support developing nations

The Director-General of the World Trade Organization, Dr. Naomi Okonjo-Iweala emphasized the necessity of reducing cotton subsidies, currently totaling $8 billion, to level the playing field for developing countries. This reduction aims to enhance market access and enable these nations to benefit more significantly from global trade. Speaking at the opening ceremony of World Cotton […]

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