Economic Outlook12 Videos

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Facebook agrees to pay fine to Cambridge Analytica company in UK

Facebook has agreed to pay a £500,000 fine imposed by the UK’s data protection watchdog for its role in the Cambridge Analytica scandal. It had originally appealed the penalty, causing the Information Commissioner’s Office to pursue its own counter-appeal. As part of the agreement, Facebook has made no admission of liability. The US firm said […]
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‘Bizarre’ diseases destroy our onion farms —Kebbi farmers

The National Association of Onions Farmers,  Kebbi State chapter, has said that it has lost over N1 billion worth of onions to two bizarre diseases affecting farms and storage facilities in the state. The Chairman of the association, Bello Uba, stated that in Birnin Kebbi on Wednesday that no fewer than 20,000 farmers were affected. […]
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Stamp duty threatens government’s cashless, financial inclusion drive

• Nigerians opt for cash transactions• Merchants, agents express frustrationMore Nigerians are now shunning transactions via Point of Sales (PoS) terminals; owing to the implementation of a ₦50 additional charge by merchants, as imposed by the Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter- Bank Settlement System (NIBSS). The CBN described the […]
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Motor dealers condemn custom new import rule

Motor dealers in the country have condemned Nigeria Customs Service (NCS) new system of documentation and dual rule of duties as well as harassment of their members. A member of the Association of Motor Dealers of Nigeria (AMDON), John Ugbeti, who spoke on behalf of the association on Tuesday, said the recent closure of vehicle […]
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No going back on IPPIS – finance minister

The federal government stated on Tuesday that there was no going back on President Muhammadu Buhari’s deadline of Oct 31st for public servants to register for the Integrated Payroll and Personnel Information System.  The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, while addressing newsmen after the meeting that was chaired by the […]