Energy

FG and Oando sign a Memorandum of Understanding to promote access to renewable energy

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June 15, 2023
The Federal Government has signed a Memorandum of Understanding with Oando Clean Energy Limited to boost the deployment of sustainable renewable energy access across the country. Represented by the Rural Electrification Agency, the government announced on Monday that the MoU with OCEL was also part of measures adopted to further mitigate the harsh impact of the removal of subsidy on Premium Motor…
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Fintech

TikTok's investment in e-commerce is paying off

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June 15, 2023
TikTok’s nascent venture into online shopping is paying off, with its e-commerce affiliate gaining a substantial market share in Southeast Asia just a year after its launch, a report said Thursday. TikTok Shop capitalised on the legions of users of the popular…
Fintech

Tinubu projects 500,000 jobs with Data Protection Law

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June 15, 2023
The President, Bola Tinubu signed the Data Protection Bill into law on Monday 12th June 2023, the Nigeria Data Protection Bureau has disclosed. According to the bureau, about 500,000 jobs are expected to be created through the training of Data Protection Officers and licensing of Data Protection Compliance Organisations to offer services to data controllers and processors. It noted that the new…
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Education

Student loan disbursement begins in September – FG

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June 15, 2023
The Federal Government, on Wednesday, announced that an inter-ministerial committee had been set up to fine-tune the Student Loan bill that was signed recently by President Bola Tinubu. The committee, which will meet on Tuesday, is expected to work together and ensure that…
Technology

Spotify fined $5m for breaching EU data rules

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June 14, 2023
Music streaming giant Spotify was on Tuesday fined 58 million kronor ($5.4 million) for not properly informing users on how data is collected on them was being used, Swedish authorities said. Spotify said it planned to appeal the decision. The Swedish Authority for…
Market

FG eyes N124bn from new import tax

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June 14, 2023
The Federal Government is set to make about N124.26bn in a year from the imposition of a 0.5 per cent import tax on goods introduced in Finance Bill 2023. The Finance Bill 2023 which was signed into law on 28 May 2023 by former President, Mohammadu Buhari imposed a 0.5 per cent levy on goods imported into Nigeria from outside Africa. According to the law, a 0.5 per cent levy will be imposed on…
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Energy

NNPC Grants Dangote License To Import Fuel

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June 14, 2023
Barring all unforeseen circumstances, Dangote imported fuel will soon enter Nigerian market as the Nigerian National Petroleum Company Limited (NNPCL ) has granted the Chairman of Dangote Group and President, Dangote Refinery and Petrochemical Company, Alhaji Aliko Dangote…
Markets

The investment group for listing on NGX

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June 13, 2023
The Nigerian Capital Development Fund Group Plc has expressed interest in listing on the Nigerian Exchange Limited. This was revealed in a letter titled ‘Re: Expression of Interest to List on the Nigerian Exchange Limited’, signed by the Branch Manager, Ibadan Office of the Primary Market Department of the NGX, Ayodeji Soyombo, which was obtained by our correspondent on Monday. In the letter…
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