JUST IN: One bidder drops out as 5G spectrum price crosses $275m at round 11
One of the three bidders has dropped out of the bidding processes as the 5G spectrum reached $275,904,886.25 at round 11. The process, which has entered the next stage, is taking place at the Transcorp Hilton Hotel, Abuja, with the Nigerian Communications Commission using the ascending clock auction system. Three qualified bidders, […]
DID YOU KNOW? In 1984, Buhari military regime jailed Bisi Akande for 42 years over ‘corruption’
On Thursday, President Muhammadu Buhari described Bisi Akande, former interim national chairman of the All Progressives Congress (APC), as a “perfect public officer” with whom he could go into the jungle. Speaking at the public presentation of ‘My Participations’, the autobiography of Akande, Buhari said the author has retained his “inflexible integrity” in […]
Nigeria regains Africa’s top spot as oil production rises by ‘47,000 barrels per day’
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria has regained the top spot in Africa, producing an average of 1.27 million barrels per day in November. OPEC disclosed this in its Oil Market Report for December 2021, according to NAN. TheCable reported that Nigeria’s production declined sharply to 1.35 million barrels per day […]
Force HQ quizzes Fisayo Soyombo over FIJ’s report on ‘fake police camp project’
Fisayo Soyombo, founder of the Foundation for Investigative Journalism (FIJ), was quizzed at the headquarters of the Nigeria Police Force (NPF) in Abuja on Monday. Soyombo, the pioneer editor of TheCable, was said to have received a message from the force headquarters inviting him to Abuja on November 29 — but he was […]
Like Facebook, Zoom to start charging 7.5% VAT from Nigerian users
Zoom Video Communications, Inc. (Zoom) says it will begin to charge 7.5 percent value-added tax (VAT) on customers in Nigeria from January 1, 2022. Zoom said this in a statement issued on Monday. Last week, TheCable had reported that Nigerians will pay the same amount on Facebook ads from January 1. […]
Ghana: Airlines to pay $3,500 fine per unvaccinated passenger
Ghana says airlines will pay a fine of $3,500 for each passenger who arrives the country without being fully vaccinated against COVID. On December 9, the Ghana Health Service had reviewed its COVID-19 protocol for international travellers owing to the rise in cases of the Omicron variant detected in the country. It […]
Zainab Ahmed: Nigerians should expect modest increases in taxes, levies
Zainab Ahmed, minister of finance, budget and national planning, says there may be modest increases in taxes and tariffs on certain businesses and individuals over the medium term. Addressing stakeholders at a public hearing on the 2021 finance bill on Monday in Abuja, Ahmed said the government is also considering new taxes as […]
Pantami: 5G will help address Nigeria’s security challenges
Isa Pantami, minister of communications and digital economy, says the deployment of 5G network will help to address Nigeria’s security challenges. The minister said this on Monday at the auction of the 3.5 GHz spectrum organised by the Nigerian Communications Commission in Abuja. Speaking at the auction, Pantami reiterated that 5G has […]
Finance bill: TIN not required for Nigerians to operate bank account, says presidency
The presidency says there are no provisions in the 2021 finance bill mandating Nigerians to have tax identification numbers (TINs) to operate a bank account. TIN is a unique number allocated and issued to identify a person (individual or company) as a duly registered taxpayer in Nigeria. Reports had quoted a lawmaker claiming that […]
Newspaper Headlines: UK insists on travel ban as Nigeria mulls reciprocating restrictions
The UK government’s insistence on the travel ban on Nigeria and the retaliatory move of the federal government appeared on the cover pages of Nigerian newspapers. . Source: Top Stories