News
FG Generates N298bn from VAT in Q4, 2018

The National Bureau of Statistics (NBS), said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018.
NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website.
VAT is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The report said that the figures in the quarter under review rose by 8.96 per cent quarter-on-quarter and by 17.28 per cent year-on-year.
It said the sum of N298.01 billion was generated as VAT in fourth quarter 2018, as against N273.50 billion generated in third quarter 2018, and N266.73 billion in second quarter, 2018.
According to the report, the manufacturing sector generated the highest amount of N28.82 billion VAT. This, the report said, was closely followed by Professional Services generating N24.12 billion, while Commercial and Trading generating N16.02 billion.
Also, it said the mining sector generated the least amount of N35.75 million, Pharmaceutical N209.33 million, while Chemical and Allied Industries generated N258.39 million.
The report said N138.42 billion was generated as Non-Import VAT locally, while N47.89 billion was generated as VAT for foreign items in the quarter under review.
The bureau, however, said that the balance of N111.71 billion was generated as Nigeria-Customs Import VAT in the period under review. The data for the report was provided by the Federal Inland Revenue Service (FIRS), verified, and validated by the NBS.
News
PalmPay Launches CSR Initiatives to Empower Women, Foster Financial Literacy in Northern Nigeria

In a strategic move to expand financial inclusion in Nigeria, leading mobile banking platform, PalmPay has launched a series of CSR programs across Kano and Kaduna. The CSR initiative named “Passing the Baton” represents the brand’s commitment to passing on knowledge and providing the resources individuals and businesses need to achieve financial independence and drive economic empowerment.
This initiative is a bold move by PalmPay to bridge the opportunity gap in the North by providing financial literacy training and micro-business branding support to 5,000 women-owned businesses in Kano and Kaduna. This strategic initiative reaffirms PalmPay’s commitment to inclusive development and economic empowerment, particularly in underserved regions.
“At PalmPay, we believe that real financial inclusion must be far reaching and cover the grassroots,” said Chika Nwosu, Managing Director of PalmPay. “Our new CSR program is focused on supporting gender equity by equipping women with the knowledge, tools, and visibility they need to thrive as entrepreneurs in their communities.”
Through this initiative, beneficiaries will receive free health insurance, hands-on training workshops, enhanced store branding to boost visibility, and branded merchandise to strengthen their business presence.
The initiative is part of PalmPay’s broader strategy to extend its innovative solutions, expand its footprint in Northern Nigeria, while building sustainable partnerships with local stakeholders for long-term impact.
In a show of support, His Royal Highness, the Emir of Kano, Dr. Muhammadu Sanusi II, has endorsed the initiative, calling on other stakeholders to join forces with PalmPay in ensuring the North benefits fully from the growing digital economy. PalmPay has received commendation from community stakeholders, as the initiative aims to serve as a model for similar projects across other northern states.
As PalmPay continues to scale across Nigeria, the company remains committed to bridging the financial inclusion gap and empowering underserved groups, particularly women and youth, through its innovative solutions and impact initiatives.
News
EFCC Witness Admits Writing Off Arik Air’s $2.3M Debt Amid N76Bn Fraud Trial


News
Anambra Shines in 2025 E-Governance Rankings, Setting National Standards

Anambra State has once again demonstrated its leadership in digital transformation, emerging as one of Nigeria’s top three states in the 2025 e-Governance Report published by the Panorama CIAPS Governance Performance Index (CGPI).
According to the report — a collaborative effort between Nigerian Panorama and the Commonwealth Institute of Advanced Professional Studies (CIAPS) — Anambra ranks alongside Lagos and Enugu as the leading states in adopting and implementing e-governance practices that foster accountability, transparency, and improved service delivery.
In his remarks, Professor Anthony Kila, Director of CIAPS, emphasized the importance of e-governance in shaping how governments interact with citizens. “The centrality of e-governance allows us to assess the performance of state governments in the country. How the government treats the digital world says a lot about them,” he said.
The report evaluated states based on a comprehensive set of criteria, including website security, up-to-date content, public engagement, availability of online services, policy updates, and user accessibility. Anambra’s performance reflects the state’s deliberate investment in digital infrastructure and its commitment to leveraging technology as a tool for inclusive governance.
Reacting to the recognition, the Managing Director/CEO of the Anambra State ICT Agency, Chukwuemeka Fred Agbata, CFA, described the report as a welcome validation of the efforts being made under the leadership of Prof. Charles Chukwuma Soludo, CFR, to reposition Anambra as a liveable and prosperous smart mega-city.
“This is not just about being tech-savvy,” Agbata said. “It’s about using digital tools to create real impact — making the government more accessible, responsive, and transparent. Anambra is building a digital future that works for everyone.”
The CGPI Report recommended that all states intensify efforts to train public servants, maintain digital platforms effectively, and build user-friendly systems that keep citizens informed and empowered. For Anambra, this recognition serves both as a milestone and a motivation to scale new heights.
As the journey continues, Anambra remains focused on setting the pace for e-governance in Nigeria in line with the Governor’s mantra of Everything Technology & Technology Everywhere.
- E-Financial3 days ago
Fidelity Bank Plc Wins 2025 DBN Innovation Award for MSME Support
- E-Business3 days ago
Nigeria Among Hotspots as Kaspersky Warns of Rising Ransomware Threat in Africa
- Telecom2 days ago
MTN Nigeria Invests ₦900Bn in 2025 to Boost Network Quality in Lagos & Abuja
- E-Business3 days ago
NDPC Probes Suspected Data Breach in Examination Centres
- Telecom3 days ago
Vitel Wireless Completes Interconnectivity with all Major Telcos in Nigeria
- Telecom3 days ago
MTN inducted into Brand Africa Hall of Fame
- Telecom3 days ago
eBusiness Life Girls In ICT: Stakeholders Call For More Action On Girls Participation In ICT
- Telecom3 days ago
Layer3 Wins Big at African Beacon of ICT Awards 2025