FG Sets Six-Month Deadline for Banks, Telcos to Settle N250bn USSD Debt   The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) have issued a final directive to Deposit Money Banks and Mobile Network Operators to resolve the protracted N250bn Unstructured Supplementary Service...

NITDA Accuses X, TikTok of Tax Non-Compliance in Nigeria The National Information Technology Development Agency (NITDA) has identified social media platforms X (formerly Twitter) and TikTok for failing to comply with tax filing requirements set forth in accordance with Nigeria's Regulatory framework. In a report obtained...

Tech Giants Contribute $1.5 Billion in Taxes to Nigeria in First Half of 2024 In a significant boost to Nigeria's digital economy, foreign digital companies, including major players like Google, X (formerly Twitter), Microsoft, and TikTok, have collectively paid over N2.55 trillion (approximately $1.5 billion)...

Animating the Spirit of Consumer Protection and Responsibility in Nigeria By Tolu Ogunlesi A look at recent actions from federal regulators in Nigeria suggests that the country is entering a promising new chapter in the area of consumer protection. In 2023, the Nigerian Electricity Regulatory Commission (NERC)...

Active Mobile Subscribers Drop by 5.4m Due to NIN-SIM Linkage The total active mobile subscriptions in the country dipped by 5.4 million or 2.4 per cent, settling at 219 million in the first quarter of 2024, data obtained from the Nigerian Communications Commission has shown. In...

NCC Seizes N300m Worth of Counterfeit Books at Onne Port The Nigerian Copyright Commission (NCC) has made a significant stride in combating intellectual property piracy by seizing three shipping containers of pirated books with a conservative market value of over N300 million. In a press statement...