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CHINA TO BAN KIDS FROM PLAYING ONLINE GAMES FOR MORE THAN THREE HOURS PER WEEK

Kids and teens under 18 years old in China will only be allowed up to three hours per week to play online video games, according to new rules published Monday by China’s National Press and [...]

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IOT CAN SAVE NIGERIA’S ENERGY SECTOR 40% OF LOSSES – EXPERT

Lare Ayoola, Executive Chairman of Internet of Things (IoT) Africa has said Nigeria’s energy sector can save at least 40 percent of its losses if there are structural technologies like the [...]

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FG BORROWING SENSIBLY TO INVEST IN CRITICAL INFRASTRUCTURE – FINANCE MINISTER

The Federal Government has urged that it is borrowing sensibly and also to invest in critical infrastructure including power, water, and roads. The FG added that the borrowing level for Nigeria [...]

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COVID PUSHES NIGERIA’S ICT SECTOR TO SECOND LARGEST

The five biggest sectors of the Nigerian economy now include agriculture, information, and communications, trade, manufacturing, and oil and gas. Nigeria’s economy rose by 5 percent in the second [...]

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‘NIGERIA NEEDS NEW REVENUE-SHARING FORMULA TO ADDRESS EMERGING CHALLENGES’

Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Dr. Elias Mbam, has said that a new revenue-sharing formula is required to address emerging challenges threatening [...]

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COCOA: NIGERIA SHOULD EXPORT VALUE-ADDED PRODUCTS, SAY EXPERTS

Some experts have said the International Coffee Agreement recently ratified by the President, Major General Muhammadu Buhari (retd.), should encourage the exportation of high-quality cocoa and [...]

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INSECURITY: FG SIGNS MILITARY-TECHNICAL COOPERATION AGREEMENT WITH RUSSIA

The Federal Government has announced that it has signed a Military-Technical Cooperation Agreement with the Russian Federation, which will boost the supply of military equipment, provision of [...]

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NIGERIA’S RESERVES WOULD BE BOOSTED BY A NEW IMF GRANT – AFDB

The International Monetary Fund’s $650 Billion Special Drawing Rights grant, which includes $27 Billion for African countries, will help developing countries strengthen their reserves. The was [...]

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TROUBLES AHEAD, EXPERTS WARN AS DEBT SERVICING GULPS 91% OF REVENUE

The Federal Government spent N2.02Tn on debt servicing in the first six months of this year. This figure represents 90.58 per cent of the total revenue of N2.23Tn generated by the FG within the [...]

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INDIA TO LAUNCH DIGITAL CURRENCY BY DECEMBER 

The Reserve Bank of India could  launch its first digital currency pilot programs by December. This was disclosed by the Central Bank governor, Shaktikanta Das to  CNBC. He said, “We are being [...]