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Regulation

SEC to launch incubation programme for fintechs

The Securities and Exchange Commission (SEC) has announced plans to launch a regulatory incubation (RI) programme for fintechs operating or seeking to operate in the Nigerian capital market.
Nigeria is said to be considering an attitude toward Twitter that is similar to China's. Fabian Sommer-picture alliance via Getty Images

After banning Twitter, Nigeria considers Chinese model of internet regulation – report

After banning Twitter, Nigeria’s ministers reportedly met with Chinese counterparts to discuss replicating China’s "Great Firewall" in the West African country.
Brazil head coach Tite lauded Neymar after the superstar inspired the Copa America champions to a 3-0 win against Venezuela in Sunday's curtain-raiser.

Brazil boss Tite hails Neymar but stops short of Ronaldo, Romario comparisons

Brazil head coach Tite lauded Neymar after the superstar inspired the Copa America champions to a 3-0 win against Venezuela in Sunday's curtain-raiser.

FUTO institutes N20 million professorial chair

The Federal University of Technology, Owerri (FUTO) has instituted a N20 million professorial chair as part of its measures to encourage scientific and technological research among academic staff of the institution, calling for separate funding of universities of technology in the country.
Speaking at a press conference on the violence that trailed the EndSARS protests in Abuja, the Minister of Information and Communication, Alhaji Lai Mohammed said social media was used to spread fake news and disinformation that catalyzed the violence that was witnessed across the country.

Twitter ban: There’ll be no human rights if Nigeria is on fire – minister

Minister of Information and Culture, Lai Mohammed, says the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, will decide whether or not to prosecute the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye; the Founder and General Superintendent of Deeper Christian Life Ministry Worldwide, Pastor William Kumuyi; as well as other violators of the Twitter ban by the Federal Government.
Twitter said Tuesday it was rolling out tweets which disappear after 24 hours, joining rival social platforms in offering ephemeral messages.

41 CSOs flay Nigerian government’s Twitter ban

Following the Federal Government suspension of Twitter, a microblogging social media platform, a consortium of 41 civil society organisations (CSOs) cutting across religious and human rights divides have urged President Muhammadu Buhari to declare himself as a military junta.
The National Biosafety Management Agency, NBMA, Tuesday, reiterated commitment to ensuring the eradication of Genetically Modified Organisms, (GMOs) in the country, as well as assuring Nigerians of safe products in the market.

NBMA chief: No genetically modified fish in Nigerian market

The Director-General, National Biosafety Management Agency (NBMA), Dr Rufus Ebegba, says there are no genetically modified fish and animals yet in the Nigerian market.
Twitter said Tuesday it was rolling out tweets which disappear after 24 hours, joining rival social platforms in offering ephemeral messages.

Nigeria suspends Twitter operations indefinitely

The Nigerian government says it has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in the country.
Lanre Gbajabiamila, Director General, National Lottery Regulatory Commission, has asked all erring lottery operators to defray all debts owed to the Federal Government or face stiff sanctions.

Lottery commission extends inter-agency collaborations

Ahead of its planned National Gaming Conference, slated for July 2021, the Management of the National Lottery Regulatory Commission (NLRC) has expressed its readiness to collaborate with the Federal Inland Revenue Service (FIRS) on all areas of mutual interest in fostering increased revenue generation for the federal government.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement in Abuja.

Presidency denies negative social media comments attributed to VP Osinbajo

Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, has denied negative social media comments attributed to Vice President Yemi Osinbajo.
The minister of information and culture, Lai Mohammed, announced this on Wednesday, while addressing state house correspondents after the weekly FEC meeting in Abuja.

FEC approves N18 billion for Kano, Calabar free trade zones

The minister of information and culture, Lai Mohammed, announced this on Wednesday, while addressing state house correspondents after the weekly FEC meeting in Abuja.
Pan African Parliament members gather in groups inside the house following its postponement in Midrand, Johannesburg on 1 June 2021.

Pan-African Parliament suspended indefinitely after days of chaos delays presidency vote

PAP Secretariat spokesperson Jeffrey Onganga confirmed the suspension. He said the suspension is indefinite and a date would be confirmed at a later stage. The session was supposed to run from 21 May to 4 June.
Dangote Cement

Dangote Cement increases capacity, promises more supply

The Dangote Cement Plc has announced that it has deeply invested in enlightening consumers on the different applications and the best optimal use of the product in furtherance to the measures put in place for more supply of cement to the market.
33. Nigeria’s minister of Communications and Digital Economy, Isa Pantami, has called on investors in the information and communication technology sector to invest in the country’s digital economy.

Minister: eGovernment a blessing to all Nigerians

The honourable minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami FNCS FBCS FIIM has said that the administration of President Muhammadu Buhari GCFR is very passionate about the implementation of National eGovernment master plan where eGovernment becomes a blessing to everyone.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigerian government seeks improved procedures, regulations in solid minerals sector

The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has expressed the urgent need to improve procedures, documentation and regulations in the solid mineral sector.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

CBN sets N2 billion as capital requirement for fintechs

The Central Bank of Nigeria has set capital benchmarks for firms involved financial technology and payment operations.

Ministry wants independent regulator for NIPOST

The Ministry of Communication and Digital Economy, has called for the establishment of an independent regulator for effective operations of the Nigerian Postal Service (NIPOST).
The member representing Oluyole Constituency in the House of Representatives, Tolulope Akande-Sadipe, has offered N25 million scholarship to her students in tertiary schools as part of fulfilment of her campaign promises.

House member: Nigerians in Diaspora are not criminals

The Member representing Oluyole Federal Constituency and Chairman Diaspora Committee of the House of Representatives, Hon. Tolulope Akande-Sadipe, has said Nigerians in Diaspora are not criminals, but people who are adding value across the world.
FILE PHOTO - U.S. Secretary of State Antony Blinken speaks during a joint news conference following a meeting with Icelandic foreign minister at the Harpa Concert Hall in Reykjavik, Iceland, May 18, 2021. Saul Loeb-Pool via REUTERS

U.S. and Russian foreign ministers to meet in Iceland in bid to ease friction

U.S. Secretary of State Antony Blinken and Russia’s Foreign Minister Sergei Lavrov are due to hold talks on Wednesday night ahead of a possible presidential summit in June in an attempt to improve the dire relations between the former Cold War foes.
The Financial Reporting Council of Nigeria (FRC) has issued new reporting guidelines to enable firms respond to prudential considerations in various sectors.

FRC: MDAs yet to remit N1.2 trillion to federal government

The Chairman of the Fiscal Responsibility Commission (FRC), Victor Muruako, has accused some revenue-generating agencies of the federal government of failing to remit over N1.2 trillion to the Consolidated Revenue Funds.
The bill for the Chartered Institute of Forensic and Certified Fraud Examiners of Nigeria has scaled the First Reading in the House of Representatives .

House moves to legalise cannabis

The spokesman of the lower chamber of the National Assembly, Benjamin Okezie Kalu, who disclosed this on Monday in Akure, Ondo State while briefing journalists on the proposed parley, said the stakeholders’ forum, which will attract participants from among scientists, medical and pharmaceutical professionals, farmers, insurance companies, executives, and private sector investors, has been slated for June 7 and 8, 2021.
Workers prepare raw soil to make bricks at the Elementerre factory in Mbour, Senegal May 10, 2021. REUTERS-Zohra Bensemra

Senegal architects ditch concrete for earth in revival of old techniques

Construction is booming in Dakar, where unfinished apartment blocks tower over most streets, their exposed concrete bricks a dull uniform grey.

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Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.

Manchester United identify Alexander Isak as Erling Braut Haaland alternative

Manchester United have identified Alexander Isak as an alternative target to Borussia Dortmund striker Erling Haaland this summer, The Star reports.
The naira this morning reversed its two weeks loss to the dollar in the parallel market, appreciating by N20 to N470 per dollar.

Naira appreciates at N493 to dollar in parallel market

The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks.
U.S. President Joe Biden gestures while speaking to the media before boarding Air Force One at Geneva airport, as he leaves Geneva after the U.S.-Russia summit, Switzerland, June 16, 2021. REUTERS-Kevin Lamarque

White House considering talks between Joe Biden and China’s Xi Jinping

The White House will consider arranging talks between President Joe Biden and his Chinese counterpart, Xi Jinping, as the two countries spar over issues including human rights, a top U.S. official said on Thursday.
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.

President Buhar: We won’t rest until peace is fully restored in Borno

President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state.
Lagos State Attorney General, Moyo Onigbanjo (SAN)

Lagos begins plea bargain session for Kirikiri inmates

In an effort to decongest correctional centres, the Lagos State Ministry of Justice on Thursday held a plea bargain session for some inmates at...

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Logo of the World Health Organization [WHO]

UN: UK aid cuts likely to cause thousands of needless deaths

Millions of people risk death and disability as Britain shuts down a major aid programme targeting neglected tropical diseases (NTDs), the World Health Organization said.
The giant Olympic rings are seen through a tree at the waterfront area of Odaiba Marine Park, 50 days before the opening ceremony of the 2020 Tokyo Olympic Games, that have been postponed to 2021 due to the coronavirus disease (COVID-19) outbreak, in Tokyo, Japan June 3, 2021. REUTERS/Issei Kato

Japan to ease state of emergency, focus on Olympics spectators

Japan said on Thursday it would ease emergency coronavirus curbs in nine prefectures including Tokyo while keeping some measures, including limiting spectator numbers at big events, amid fears that next month's Olympics could trigger a surge in infections.

Security: Igbo Delegate Assembly tasks government to rise up to its duty

The Igbo Delegate Assembly (IDA) has called on the Federal Government (FG) of Nigeria and its relevant agencies to rise up to their duty and address all sorts of security challenges in the country.
Niger State Governor, Alhaji Abubakar Sani-Bello, has set up two committees to spearhead his inauguration for his second term.

Niger governor urges vigilante corps to be cautious in battle against bandits

Gov. Abubakar Sani-Bello of Niger, on Tuesday, counseled 161 special vigilante corps on the need to exercise caution in their anti-banditry operations to enable them prevail.
Peter Schmeichel has slammed UEFA for the "ridiculous decision" to restart Denmark's Euro 2020 clash with Finland after Christian Eriksen's on-field collapse.

Peter Schmeichel slams UEFA for ‘ridiculous decision’ to restart Denmark vs Finland after Christian...

Peter Schmeichel has slammed UEFA for the "ridiculous decision" to restart Denmark's Euro 2020 clash with Finland after Christian Eriksen's on-field collapse.