Nigeria: For 2012, $32 billion was Government Income, from Taxes
The Federal Inland Revenue Service (FIRS) has reported N5.007 trillion ($32 billion) as the Nigerian government revenue from taxes, in 2012. The figure grew by N379.4 billion ($2.4 billion) from the revenue received in 2011. The government reformed the tax code in 2012, closing certain loopholes and worked better with states revenue service. Foreign Direct […]
World Economic Forum of 2013: Nigeria, others heedful of the Global Economy
The World Economic Forum (WEF) – annually held at Davos, Switzerland – held over the past few days and was concluded yesterday, as world leaders, business leaders, government officials and pundits – gathered, to look into the world economy, its position, risks and possibilities in the near term. The forum comes as the global financial crisis […]
SMS between Networks will cost Four Naira, from February, NCC Says
The Nigerian Communications Commission (NCC) has mandated telecommunication network operators in Nigeria, to charge four naira (N4) for Short Message Service (SMS), sent between them — from February 5. It is more than 50% reduction, from the usual, ten naira or nine naira, currently charged. NCC in a statement on this move submitted that, “In […]
Google Transparency Report for 2012: Nigeria, Africa Missing
Google has released its transparency report for the second half of 2012, reporting requests it regularly receives from governments and courts around the world to hand over user data – for certain purposes. Google releases the report twice yearly, over a period of six months, to show to the public, how much authorities are requesting […]
Heavy Rainfall in Southern Nigeria, Early, in 2013
Lagos and Ogun States, had their first rainfall this year, on Sunday, January 20, and afterwards. Then Calabar and several other cities in Southern Nigeria, experienced heavy rainfall too, introducing the year, with surprise of changing climate, after a precarious 2012 for environmental issues in Nigeria. The rain poured heavily, shoving pedestrians into shelters and […]
Nigeria to Export 2.2 million metric tonnes of Cassava Chips to China
Nigeria has secured a deal to supply to China, 2.2 million metric tonnes of Cassava Chips. The deal, worth, $272 million, adds to the growing earnings of the Ministry of Agriculture, and more opportunities within the sector, that farmers, investors and state governments can benefit from. The Minister of Agriculture and Rural Development, Akinwunmi Adesina, […]
Heritage Bank, formerly Societe-General, Restarts Regional Operations in Nigeria
By January 29, Heritage Bank, formerly Societe-Generale, will commence operations as a regional bank, in Nigeria. This comes months after the Central Bank of Nigeria (CBN) restored the banking licence of Societe Generale Bank of Nigeria (SGBN), but will now do business as Heritage Banking Company Limited. Operations will commence with accounts validation of former […]
New Facebook’s Graph Search
If Facebook didn’t do it then, it will remain a wonder that with trillions of data and information, users can’t make specific queries for people, photos, places, and interests; but Facebook has, and there is an advanced search feature on the network. Facebook yesterday, at one of its seasonal mega press events, unveiled its Graph […]
New Seaport in Lekki: Lagos Signs Agreement with the Federal Government
The Nigerian Ports Authority (NPA) representing the Federal Government has signed an agreement with the Lagos State Government for construction of a deep seaport in Lekki – an upscale axis, on the Island part of Lagos. The project involves a private investor — Ports of Lekki — who witnessed and took part in signing the […]
Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River
Agreements have been concluded between China-based Sino-Arab Energy and Nigeria’s Osabo Refining and Petrochemical Industry Limited, to build a refinery in Akpabuyo, in Cross River State. The refinery will cost $7.5 billion and will have production capacity for 107,000 barrel of crude oil per day. The refinery is expected to grow government’s objective to refine […]
Nigeria’s Emerging Middle-Class
It’s been a priority with the Nigerian government, for over a decade to attract Foreign Direct Investment (FDI), but FDI growth and success peaked in this present Administration with the introduction of a Ministry for Trade and Investment, and wowing investments in recent months. FDI and local investment have been growing, keeping the Nigerian economy […]
Predilection for Smart Watches in the offing –- globally, in 2013
In an era of smart technologies and competitive innovation to have powerful devices in smaller sizes, technology analysts and industry watchers have predicted predilection for smart watches starting off this year – globally. It is rumored that Apple is making iWatch, another device in its series of “i” technologies, which will give popularity to smart […]
Japan Builds 317 Classrooms for 33 Primary Schools in Kano State
The Japanese Government, through its Japan International Cooperation Agency (JICA) has handed to the government 317 classrooms that it built in 33 Primary schools, in 22 Local Government Areas of Kano State. The classrooms come with special facilities, to promote Science and Math Education in the State. The presentation ceremony was held in Abuja, attended […]
‘Pay to Message’ Facebook tests new Feature that lets Individuals contact High-Profile People
Imagine being able to send a direct message to the Inbox of President Jonathan’s Facebook account? Or to the Inbox of the Facebook account of the CEO of an organization you feel you should work in? Well, Facebook could make that possible in a few months, because it is testing such feature right now, that […]
Wickerwork Wonder: Artisan covers Car with Raffia Palm Cane in Ibadan
Artisan Ojo Obaniyi, 40, based in Ibadan Nigeria, is getting International attention, after he covered an old Volkswagen Golf Car, with woven raffia palm cane. He covered the exterior and interior of the car, becoming a new initiative of wicked wicker furniture. His work was photographed by Akintunde Akinleye of Reuters, and has appeared on […]
Reading your Blackberry, for fun or for business
Gazing into a Blackberry phone, with the thumb scrolling down the track pad, and grin, depending on the information, is banal in several places across Nigeria. Since the foray of Blackberry into the Nigerian market a few years back, and love of the device arising from its business compatibility, and access from its messenger, the […]