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FIRS GETS N8.5TN REVENUE TARGET FOR 2020

The Federal Government has set a tax collection target of N8.5tn for the Federal Inland Revenue Service in the 2020 fiscal period. This target is contained in the Fiscal Strategy Paper of the [...]

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NIGERIA’LL BECOME AFRICA’S LEADING DIGITAL ECONOMY, SAYS MINISTER

Minister of Communications and Digital Economy, Dr Isa Pantami, has said Nigeria is being repositioned to become the leading digital economy in Africa. Speaking at a meeting with the management [...]

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DOMESTIC BOND SUBSCRIBERS GET N190BN IN FOUR MONTHS

Investors that subscribed to domestic bonds issued by the Federal Government earned about N190bn as interest within a three-month period covering April to June, analysis of the government’s debt [...]

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PETROL SUBSIDY RISES BY N58.6BN IN ONE MONTH

The amount spent on fuel subsidy by the Nigerian National Petroleum Corporation increased by N58.6bn within one month, the latest figures released by the corporation on its financial report for [...]

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GAS FLARING: FEC APPROVES CONVERSION OF NATURAL GAS TO METHANOL

The Federal Executive Council has approved the conversion of natural gas to methanol in order to address the environmental challenge caused by gas flaring in the country. The Minister of Science [...]

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CHINESE REPORT COUNTS 206 UNICORNS. THAT’S MORE THAN AMERICA

China has surpassed the United States to become the world’s biggest hub for unicorns, according to a new report from a Shanghai-based research institute. Wealth research firm, Hurun says [...]

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GOOGLE CLAIMS ITS QUANTUM COMPUTER CAN DO THE IMPOSSIBLE IN 200 SECONDS

Google claims it has designed a machine that needs only 200 seconds to solve a problem that would take the world’s fastest supercomputer 10,000 years to figure out. The speed achieved by [...]

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PRODUCTION OF PENCILS BEGINS IN NIGERIA AS COUNTRY QUITS IMPORTATION

The federal government has begun the production of pencils in Nigeria with an indigenous firm using old newspapers. Minister of Science and Technology, Dr. Ogbonnaya Onu said the firm has the [...]

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HUMAN CAPITAL DEVELOPMENT, KEY TO BEST TECHNOLOGY — ASSOCIATION

The Information Systems Audit and Control Association (ISACA) on Tuesday the 22nd of October, 2019 said human capital development was key for any country desirous of getting the best of [...]

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PENCOM SPENT N12.3BN IGR ILLEGALLY, NATIONAL ASSEMBLY ALLEGES

The National Assembly has criticised the alleged unapproved utilisation of over N12.283bn of the Internally Generated Revenue of the National Pension Commission. The joint Senate and House of [...]