The African Development Bank (AfDB) has launched and priced a USD 2 billion 3-year Social Global Benchmark due 25 February 2027, its first social bond issued under its new Sustainable Bond Framework, established in September 2023. The Sustainable Bond Programme consolidates and enhances the development finance institution’s existing Green and Social Bond programmes, facilitating the […]
CAPE Economic Research and Consulting, one of the global leading economic research firms, has stated that the current level of growth in Nigeria’s economic output measured as Gross Domestic Product (GDP) cannot guarantee the socioeconomic wellbeing of Nigerians on a sustainable basis. The research firm, in its just published ‘Economic Newsletter, Issue 3, Vol 1, […]
The Chief Economic Adviser and Commissioner for Finance, Mr. Dapo Okubadejo, has projected that Ogun State intends to rake in N240 billion as Internally Generated Revenue in the 2024 financial year. The commissioner, who made the projection during a budget breakdown and media parley held in Abeokuta on Monday, said that for the year, the […]
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will on Wednesday declare open a two-day strategic management meeting of the Federal Inland Revenue Service (FIRS). The retreat, scheduled to hold in Abuja, will focus on the theme ‘Reimagining Tax Administration for Equity and Economic Growth’. A statement on the forum […]
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased by 2.79% on a month-on-month basis from N4,828.18 recorded in November 2023 to N4,962.87 in December 2023, the National Bureau of Statistics (NBS) has reported. The Bureau, in its latest ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (December 2023)’ […]
The Nigerian Ports Authority (NPA) on Sunday successfully berthed the largest container carrier ever at the Lekki Deep Seaport, thereby taking Nigeria’s trade facilitation a notch higher. The vessel, MAERSK EDIRNE, measuring 367m in overall length, has a breadth of 48.2m and carried a Gross Registered Tonnage GRT of 142,131metric tonnes and a Dead Weight […]
Investment experts at Bancorp Securities Limited, a leading investment research and consulting firm in Nigeria, have predicted that trading sessions in the Nigerian Exchange this week would maintain some bullish momentum in view of the current micro and macroeconomic indices of the economy. In the firm’s ‘Weekly Stock Recommendation for Jan 22 – Jan 26, […]
In its renewed efforts to combat the menace of drug and substance abuse in Nigeria, particularly amongst the teeming youth population, the National Agency for Food and Drug Administration and Control (NAFDAC) has put in place effective mechanisms to track and trace narcotic products across the manufacturing and consumption value chain nationwide. The Director-General of […]
…Promises To Prioritize Welfare Of Ogun People Ogun State Governor, Prince Dapo Abiodun, has described the election litigations in the state, which ended at the Supreme Court on Friday as unnecessary distraction. With the victory at the apex court, the governor promised to devote the remaining time three and half years of his administration to […]
Ogun State Government has commenced a solar-powered street lights-up project across the state as part of measures to ensure the safety and security of the citizenry. The government’s move is coming on the heels of recent arrests of vandals stealing street light cables and other accessories along the Sagamu Interchange-Abeokuta Expressway by security agents, with […]