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“OGP encourages citizens to play major role in designing assets recovery architecture” – ANEEJ Boss

Executive Director for Africa Network for Environment and Economic Justice (ANEEJ), Rev David Ugolor has said Open Government Partnership (OGP) encourages citizens to play major role in designing assets recovery architecture particularly in the areas where the assets recovered can be used for sustainable development. He made this known yesterday in Abuja at a one day National Dialogue with the ...

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ANEEJ to hold Pre-OGP Summit National Dialogue in Abuja

Ahead of the 6th Open Government Partnership Global Summit scheduled for Ottawa, Canada from May 29-31, 2019 the Africa Network for Environment and Economic Justice and Lead Civil Society Organisation implementing the Mantra Project will on Tuesday, May 14, 2019 organise a Pre-OGP Summit National Dialogue in Abuja. The one -day dialogue with the theme “Open Government Partnership (OGP) and ...

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EFCC Investigates Cryptocurrency Platform over Fraud Allegations!

Weeks after Nigerians began complaining about challenges crypto exchange site, Paxful, a non-governmental organization has tabled the issue before Nigeria’s anti-fraud agency, the EFCC. Please release our coins, i have done all the necessary verifications but i still cannot access my account … Pls take your services & release our coins, i no do again, i have over 10Btc locked ...

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Nigeria’s debt profile rises uncontrollably – DMO

Nigeria’s total debt profile as of December 31, 2018, now stands at N24.387tn. The figure swelled by 12.25 per cent from N21.725tn in 2017 to N24.39tn in 2018. The debt rose by N2.66tn from December 31, 2017, to December 31, 2018, the Debt Management Office said. Statistics provided by DMO in Abuja on Thursday showed that the country’s public debt ...

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Recent NIBSS Data findings reveals the rise in failed POS Transactions in Nigeria!

Data from the Nigeria Inter-Bank Settlement System (NIBSS) shows that POS transactions have fallen since the start of 2019. 2018 was a very vibrant year for POS transactions. According to NIBSS data, POS transactions in Nigeria topped N2.3 trillion. That’s an incredible 65% leap from the N1.4 trillion recorded in 2017. However since the start of 2019, POS transactions have dropped month ...

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FG SETS TO INCREASE VAT FROM 5 – 7.5%, SETS UP C’TTEE ON NEW MINIMUM WAGE!

Plans are underway by the Federal Government to increase Value Added Tax, VAT, by up to 50 per cent (from current 5 per cent to 7.5 per cent), a move that would stoke-up inflationary pressure in the economy. The move is coming as a measure to raise funds for the implementation of the new minimum wage about to be passed ...

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MTN Nigeria Hits N1 Trillion Revenue Landmark, Launches Smart Feature Phone

Despite its tussle with CBN, leading Nigerian telco, MTN Nigeria, ended its 2018 on a high note. Figures from its 2018 full year investor presentation shows that the company made a revenue of N1.03 trillion in 2018. This indicates a 17.1% year on year increase from N887 billion in 2017 and accounts for 28.2% of revenue made by the entire MTN group. ...

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Tax evasion: FIRS appoints Sterling Bank as recovery agent

The Federal Inland Revenue Service has appointed Sterling Bank Plc as a collecting agent to recover taxes from 2,933 defaulting companies. This was disclosed in a letter signed by the Chairman, FIRS, Mr Tunde Fowler, and addressed to the Managing Director/Chief Executive Officer, Sterling Bank, Abubakar Suleiman. The letter, which was obtained by our correspondent, was titled, ‘Letter of substitution ...

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Nigeria Stock Exchange Shows Positive Signs this February

For the first in several weeks, equity transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened in an upbeat yesterday, with investors repositioning in fundamentally sound stocks, causing the All-share index to appreciate by 0.4 per cent. Yesterday, the All -share index (ASI) gained 108.69 absolute points to represent an increase of 0.4 per cent, to close ...

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#Bitcoin: Are Nigerian investors feeling safe with Crypto-currency?

Despite contrary indications from the Central Bank of Nigeria, it appears that the new payment technology, cryptocurrency, has gained significant traction in the past year. This may indicate a strategic positioning for the next stage in Nigeria’s changing payment landscape. According to the Luno Cryptocurrency 2018 Awareness Survey, 65% of Nigerians expressed familiarity with cryptocurrencies. It further indicated that of the total respondents, 76% of men and 54% of ...

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