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President Muhammadu Buhari is currently presiding over the first Federal Executive Council, FEC, meeting for the year 2021 at the Council Chamber, Presidential Villa, Abuja.

President Buhari directs strict compliance with payment of taxes by foreign, local companies

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages by ensuring strict compliance of tax payments by foreign companies operating in Nigeria, urging the deployment of more digital platforms and seamless connections.

NCC: How we improved broadband service

The Executive Vice Chairman of the Commission, Professor Umar Danbatta disclosed this while reeling out industry growth data at a briefing for the new Permanent Secretary of the Federal Ministry of Communications and Digital Economy, Engr. Festus Yusuf Daudu, on the functions and regulatory activities of the Commission in Abuja.
FILE PHOTO - An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS-Arnd Wiegmann

Google seals content payment deal with French news publishers

Google and a French publishers’ lobby said on Thursday they had agreed a copyright framework under which the U.S. tech giant will pay news publishers for content online, in a first for Europe.
FILE PHOTO - A sign is pictured outs a Google offcie near the company's headquarters in Mountain View, California, U.S., May 8, 2019. REUTERS-Paresh Dave

Google and French publishers sign agreement over copyright

Alphabet’s Google and French publishers said on Thursday they had concluded an agreement over copyrights, the first in Europe under which the U.S. tech giant will sign a general framework to pay publishers for content.
Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.

Former NNPC chief Festus Marinho passes on

Festus Marinho, the first group managing director (GMD) of Nigerian National Petroleum Corporation (NNPC), died at age 87 on Tuesday.
FILE PHOTO - A logo of the electronic payment service Alipay that belongs to Ant Group Co Ltd is seen at a vending machine in Beijing, China December 30, 2020. REUTERS-Thomas Peter

China proposes tougher anti-trust rules for non-bank payment industry

China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry.
Vice President Yemi Osinbajo has charged stakeholders in the oil industry to find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself and the country’s of requirements and needs.

VP Osinbajo: Nigerian government to lift 20 million residents out of poverty soon

Mr. Osibanjo flagged off the administration’s Economic Sustainability Plan’s (ESP) in Abuja on Tuesday, saying the cash transfer scheme will be facilitated through a wholly technology-based approach called the Rapid Response Register (RRR).
Dr Herbert Wigwe, Managing Director of Access Bank Plc

Nigerian bank targets eight more African countries in expansion drive

Access Bank Plc has unfolded plans to expand to eight more African countries as part of a strategy to support trade and finance in the continent and take advantage of the newly formed African Continental Free Trade Area (AfCFTA).
The Central Bank of Nigeria (CBN) has revealed that the aggregate domestic credit in commercial banks grew by 7.61 percent in October 2020, compared with 7.35 percent in the previous month.

CBN to review products launched by licensed financial institutions

This was announced in a circular issued to all deposit money banks, mobile money operators and payment service providers on Monday and signed by Musa Jimoh, the director of payments system management department, and Kevin Amugo, director of financial policy and regulation department.
Nigeria Centre for Disease Control (NCDC) registered 1,867 new cases of COVID-19, in the last 24 hours, the highest single day rise since the index case was confirmed on Feb. 27, 2020.

NCDC calls for private laboratories’ support on coronavirus testing

The Nigeria Centre For Disease Control (NCDC) on Monday called on the private-owned laboratories in Nigeria to support the country’s testing capacity for the novel Coronavirus (COVID-19).
Former President Goodluck Jonathan has thanked Nigerians from different walks of life, who visited him on Friday in his Abuja residence to honour him on the occasion of his 63rd birthday.

Official: Ex-President Jonathan’s mission to The Gambia unites parties

The supporting role being played by a former president, Goodluck Jonathan, towards reviving the stalled constitutional review process in The Gambia has begun to bear fruits, an official has said.

Hong Kong government ‘strongly’ objects to U.S. congressional report

The Hong Kong government said it “strongly” objects to a U.S. congressional report critical of Beijing’s handling of the city, calling the report “biased, politically motivated and not reflecting the truth”.
A photo illustration shows the suspended Twitter account of U.S. President Donald Trump on a smartphone in a media board cast tent at the White House in Washington, U.S., January 8, 2021. REUTERS-Joshua Roberts-Illustration

Europe’s populists fearful of social media restrictions

Europe’s populist leaders are outraged by the decision of U.S. social-media giants to block U.S. President Donald Trump from posting on their sites. They fear Facebook, Twitter and other major social media companies could start banning them, too.
The Registrar-General-Chief Executive, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, yesterday said all accredited customers must revalidate their accreditation with the commission before the end of March or have their accounts suspended.

CAC asks customers to revalidate accounts before April 1

The Registrar-General/Chief Executive, Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, yesterday said all accredited customers must revalidate their accreditation with the commission before the end of March or have their respective accounts suspended.
The total number of Germany’s coronavirus deaths crossed 40,000 on Sunday, as Chancellor Angela Merkel warned that the coming weeks would be “the hardest” yet.

Angela Merkel finds Twitter halt of Donald Trump account ‘problematic’

Chancellor Angela Merkel believes that the decision by social media giants to permanently suspend Donald Trump’s accounts is problematic because freedom of opinion should not be determined by such online platform bosses, her spokesman said Monday.

Nigerian government, DisCos miss meter installation target

The pact between the federal government and the power Distribution Companies (Discos) to supply and install one million meters between last October and December did not come close to hitting target, as only 16,308 of the projected installations, representing 1.6 per cent, was done at the end of November.
AMCON chief Ahmed Kuru

AMCON cries out as hope of recovering N4.4 trillion debt dims

As hopes of recovering outstanding N4.4 trillion debt dim, the Asset Management Corporation of Nigeria (AMCON) has cried out to all relevant government agencies and stakeholders to join its debt recovery drive as failure to achieve this golden objective will further wreck the economy.
A top United States envoy has visited contested Western Sahara after Washington recognised Morocco’s sovereignty there in exchange for Rabat normalising ties with Israel.

US diplomat visits Western Sahara after Morocco-Israel deal

A top United States envoy has visited contested Western Sahara after Washington recognised Morocco’s sovereignty there in exchange for Rabat normalising ties with Israel.

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A new variant of the coronavirus, which appears to be more transmissible, has been discovered in South Africa and is being blamed for a new surge in Covid-19 cases in the UK.

Twelve health workers test positive to coronavirus in Taraba

Twelve health workers comprising of three doctors and nine nurses have tested positive for COVID-19 at the Federal Medical Centre, Jalingo, the Taraba state capital.
The National Directorate of Employment (NDE) in Enugu State on Tuesday said it had trained no fewer than 510 unemployed graduates on different skills.

NDE chief: President Buhari determined to eradicate poverty

Director General of National Directorate of Employment, NDE, Mallam Abubakar Fikpo, has said the President Muhammadu Buhari’s led Federal Government was determined to eradicate poverty and unemployment in the country.
South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.

South Africa minister dies of coronavirus

South African Minister in the Presidency, Jackson Mthembu, passed away on Thursday due to COVID-19 related complications, President Cyril Ramaphosa said.
General view of a cross session of lawyers in a court during a hearing of a blasphemy case in Kano, Nigeria January 21, 2021. REUTERS-Stringer

Nigerian appeals court throws out blasphemy convictions that caused outcry

The two had been convicted in August by a sharia court in Nigeria’s northern, mainly Muslim state of Kano. Teenager Omar Farouq was accused of making blasphemous comments during an argument, while Yahaya Aminu Sharif was accused of having shared a blasphemous message on WhatsApp.
FILE PHOTO - A man wearing a mask outside Guildhall in the city of London as the spread of the coronavirus disease (COVID-19) continues, London, Britain, April 14, 2020. REUTERS-John Sibley-File Photo

City of London to remove statues linked to slavery trade

The City of London on Thursday approved the removal from its ceremonial Guildhall home of statues of two figures that symbolise the financial sector’s historic role in slavery.