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Why The Anambra State Elections Was Declared Inconclusive
The electoral commission of Nigeria, INEC has suspended the collision of votes and announcement of results in Anambra State in what political party actors as well as voters opine might be a ploy to rig elections. However, INEC Returning Officer of the Anambra governorship election, Florence Obi, has disabused these opinions, saying that the suspension…
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Contributory Pension Assets Rise To N12.9tn
Data obtained from the National Pension Commission has shown that the assets under the Contributory Pension Scheme rose by N120bn in August 2021. PenCom, in its latest unaudited report on pension funds industry portfolio said the assets rose from N12.78tn at the end of July to N12.9tn in August. PenCom also revealed that the total…
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Customs Target N2tn Annual Revenue
The Nigeria Customs Services is proposing to generate N2 trillion this year. Of this amount expected to be made, the South-West geopolitical zone would generate N1.6 trillion. According to a report, the NCS generates about 80 percent of its annual revenue from Lagos, Ogun, Ondo and Oyo states. Data obtained by SHIPS and Ports from…
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Nigeria Makes N2.33tn From PAYE In Three Years
According to data collated from the National Bureau of Statistics, the 36 states in Nigeria and the Federal Capital Territory have earned N2.33 trillion from Pay As You Earn in three years. PAYE is a form of personal income tax that refers to tax deducted directly from the wages and salaries of employees operating in…
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69 People Killed In Fresh Islamic Extremist Attack In Mali
Niger’s government says 69 people were killed in the latest violent attack in Niger’s ‘tri-border zone with Burkina Faso and Mali. The violence took place earlier this week near Banibangou, about 155 miles (250 kilometres) north of the capital, Niamey, a volatile area that has been the epicentre of a years-long conflict between state forces…
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200 Nigerian, Niger Illegal Migrants Voluntarily Return Home from Libya
Libyan authorities in collaboration with the International Organization for Migration on Wednesday returned 91 voluntary illegal migrants to their country of origin, Niger, while another 162 Nigerian migrants returned voluntarily to their country, via Mitiga airport in the capital, Tripoli. This was stated by the head of the deportation department of illegal migrants at Misrata…
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Metaverse: Facebook’s New World Of Virtual Reality Explained
The covid-19 pandemic has forced changes in our world in many ways including the acceleration of technology transformation. Artificial Intelligence and virtual reality are two digital megatrends that have grown astronomically through the pandemic, pushing tech companies to invest more in what already is the future of technology. Facebook recently joined the race with the…
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Fuel Demand To Hit 17.3 Million MT By 2025
Nigeria’s demand for petroleum products is expected to grow from 15.1 million metric tonnes in 2020 to 17.3 million MT by 2025. The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari said this at the 15th OTL Africa Downstream Week 2021 in Lagos. “The country needs a refining capacity of about 1.52…
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COVID-19 Global Death Toll Tops 5 Million
A new report by John Hopkins University has tallied the total global death rate from Covid-19 at 5 million, less than two years into a crisis that has devastated the world. According to the report, the United States, Britain, Brazil and the European Union, which makes up for one-eighth of the world’s population account for…
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$8.99 Billion Investment Announced For Q3′ 2021
The Nigerian Investment Promotion Commission has said it tracked $8.99 billion as investment announcements in the third quarter of 2021 (Q3 ’21). In this announcement, Lagos State accounted for 81 percent at $7.29 billion during the period. NIPC reported this on its website, adding that the investment announcements in Q3 ’21 was 130 per cent…