The African Development Bank Group’s Boards of Directors have approved yesterday the proposal by the Bank’s Management to construct a modern, state-of-the-art building to host its headquarters in Côte d’Ivoire’s commercial capital, Abidjan. The executive directors unanimously approved the proposal, stating it was important for the Bank to maintain its strong presence in Abidjan and…
One hundred and fifty small and medium-sized enterprises (SMEs) from 10 African countries are set to become Africa’s latest businesses positioned for the global export market with participation in the Export Readiness Programme (RERP) implemented by African Export-Import Bank (Afreximbank) and the Egyptian Exporters Association (Expolink) in Cairo, Egypt. Designed to equip the SMEs with…
Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a final investment decision (FID) on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading (FPSO) facility which Shell operates with a 55%…
The Advisory Board of the African Sustainability Awards in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO) has selected the ECOWAS Bank for Investment and Development (EBID) as the winner of the Financial Institution of the Year – Africa category at the Africa Sustainability Awards. The award will be presented during an event…
Households and individuals including the youth Complete exemption of low-income earners up to N1m p.a. (about N83k per month) from PAYE Reduced PAYE tax for those earning a monthly salary of N1.7m or less Zero (0%) VAT on food, healthcare, education, electricity generation and transmission VAT exemption…
African Trade & Investment Development Insurance (ATIDI) and African Solidarity Fund (ASF) have signed a framework cooperation agreement, paving the way for further strategic collaboration to promote economic development and mitigate the risks associated with investment and trade in Africa. The agreement signed on the sidelines of the Africa Investment Forum 2024 (AIF 2024) held…
The Nigerian Communications Commission (hereinafter referred to as the Commission) is established under the Nigerian Communications Act, 2003 to create and provide a regulatory framework for the Nigerian Communications Sector and all matters related thereto and for that purpose. In exercise of the powers conferred upon it by Sections 70, 71, 72, 128, particularly Section…
GUIDANCE ON THE SIMPLIFICATION OF TARIFFS IN THE NIGERIAN COMMUNICATIONS SECTOR (AS AMENDED) NOVEMBER, 2024. 1. Introduction This Guidance is pursuant to the regulatory powers of the Nigerian Communications Commission (Commission) under Sections 3, 108 and 109 of the Nigerian Communications Act 2003 (Act) as well as relevant subsidiary legislations empowering the Commission in that…
SECTION A: About The NIN What is NIN? NIN which stands for National Identity Number is the 11-digit number that uniquely identifies you either as a citizen of Nigeria, or as a foreigner legally resident in Nigeria. The NIN is issued upon enrolment by the National Identity Management Commission (NIMC). NIMC is the government agency…
· Promotes FG’s local content policy initiative Makems Jewellery, an Abuja-based fast-rising jewellery-making company in Nigeria, has set the city agog, as it recently held its annual jewellery exhibition with a wide range of trendy, fine and unique handmade, locally-produced and imported jewellery products on display for hundreds of visitors to the venue of the…
