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STOCK MARKET REPORT FOR 11TH OF JUNE, 2021 A total turnover of 1.058 billion shares worth N12.831 Billion in 17,854 deals were traded this week by investors on the floor of the Exchange, in [...]

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NIGERIAN BUSINESSES TO PAY VAT FOR USING SKYPE, TWITTER, FACEBOOK

The Nigerian government may have concluded plans to compel big tech companies such as Twitter, Facebook, Google, and Skype to pay taxes and charge their customers VAT for services rendered. This [...]

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WHY THE CBN WANTS TO GET INTO DIGITAL CURRENCIES

Intense interest in cryptocurrencies, such as the bitcoin, as well as the Covid-19 pandemic has sparked debate among Central Banks globally on whether they should issue digital currencies of [...]

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HUAWEI HOPEFUL ITS NEW TECHNOLOGY INTELLIGENCE WILL TRANSFORM OIL, GAS SECTOR

Huawei, a global Information and Communications Technology infrastructure provider, says it its newly introduced ICT solutions for higher safety and efficiency in the Nigerian oil and gas will [...]

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HOW DIGITAL CURRENCY WILL EASE TRANSACTION COST

Nigerians would begin to enjoy reduced cost of transaction and cash management as the Central Bank of Nigeria (CBN) is finalising plans to roll out its own digital currency before the end of the [...]

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CBN TO LAUNCH DIGITAL CURRENCY BEFORE YEAR-END

The Central Bank of Nigeria (CBN) on Thursday said it will before the end of the year launch its digital currency, after two years of exploring the possibility of issuing the same. Rakiya [...]

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TWITTER BAN: INVESTORS MAY DEMAND HIGHER YIELD FOR NIGERIA’S EUROBOND

The N90.7 million ($250,600) Nigeria is losing per hour for banning Twitter is not the only cost Africa’s largest economy is paying for shutting down the microblogging platform. Nigeria could be [...]

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FACEBOOK WORKING ON SMARTWATCH

Facebook on Wednesday, 9th of June 2021 confirmed it is working on a smartwatch that might one day connect with augmented reality glasses being developed by the leading social network. Facebook [...]

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TWITTER, FACEBOOK, OTHERS MUST REGISTER IN NIGERIA, SAYS FG

As part of its new move to regulate social media, the Federal Government has said Twitter, Facebook and other social media giants doing business in Nigeria must register in the country before [...]

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FOUR WEST AFRICAN COUNTRIES TO BUY NIGERIA’S IDLE ELECTRICITY

Niger, Togo, Benin and Burkina Faso are collaborating to buy the unutilised power produced in Nigeria, the Chairman of the Executive Board of the West African Power Pool, Sule Abdulaziz, said on [...]

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