Technology heavyweight Apple has clarified its App Store rules around nonfungible tokens (NFTs) and cryptocurrency exchanges marking the first time its codified specific rules for NFTs. The new rules confirm how NFT purchases will be taxed and what they can and can’t be used for, while also clarifying rules around when a crypto exchange app can be listed. The Oct. 24 update to its App Store guidelines saw language added that allows fo in-app purchases of NFTs, but bars any NFTs acquired elsewhere to be used for anything other than viewing. It also allows applications to use in-app purchases to “sell and sell services” related to NFTs such as “minting, listing, and transferring.” However, the tech company is seemingly double-downing on its NFT “Apple tax” — which lumps in-...
The Police Service Commission (PSC) on Thursday said it dropped the name of former Chairman, Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, from promotion list because it is still awaiting clearance from the Office of Attorney General. The PSC had promoted 24 CPs, 35 DCPs, 52 ACPs, 50 CSPs and dropped Magu from promotion. A statement issued by Ikechukwu Ani, Head, Press and Public Relations of PSC said the decisions were the high-points of the Commission’s 12th Plenary Meeting held on Tuesday and Wednesday, which was presided over by the Commission’s Chairman, Musiliu Smith, a retired Inspector General of Police. “The Commission declined the promotion of CP Magu pending clearance from the office of the Attorney General of the Federation and Minister of Justice and the Offic...
The Senate on Thursday started the screening of nominees for appointment as National Commissioners for the Independent National Electoral Commission. The nominees, including one of the aides of President Muhammadu Buhari, Lauretta Onochie, are already in the Senate for the exercise. Onochie arrived at the Senate wing of the National Assembly about 11 am; accompanied by the Special Adviser to the President on National Assembly Matters, Babajide Omoworare. She was immediately ushered into the office of the Chairman of the Senate Committee on INEC, Senator Kabri Gaya. Onochie is currently waiting for her turn to be screened by the Senate panel. The nomination of Onochie, who currently serves as Senior Special Assistant on New Media to President Buhari, has provoked serious public outcry with ...
The Nigerians in the Diaspora Commission (NiDCOM) has called for close collaboration with the Swiss Embassy for diaspora re-integration. The chairman of NiDCOM, Hon. Abike Dabiri-Erewa, made the call in a statement by Gabriel Odu, Media, Public Relations and Protocols Officer of the commission in Abuja on Monday. Dabiri-Erewa was speaking with the Switzerland Ambassador to Nigeria, Ambassador Georg Steiner, at an interactive session on Diaspora Reintegration, Diaspora Data Mapping and Capacity Building. She said that with the establishment of NiDCOM and ratification of the National Diaspora Policy by the Federal Executive Council, Nigerians in the Diaspora now had a one-stop agency to latch on for mutually beneficial engagement, encouragement and enablement for overall national development...
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, has revealed that the commission has completed plans to begin the review of revenue allocation formula. Mbam made this known in Abuja during a courtesy visit to his office by members of the National Assembly Service Commission led by Ahmed Amshi. A press statement titled ‘Review of revenue allocation formula kick starts fully – RMAFC’ issued by the commission’s Public Relations Officer, Nwachukwu Christian, stated that the review of remuneration for political and Judicial office holders will equally commence as soon as the Federal government release fund for it. The statement read, “The Revenue Mobilisation Allocation and Fiscal Commission has concluded arrangements to fully commence the review of the na...