The Islamic Development Bank Institute (IsDBI) has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace. A news report from African Press Organisation (APO) Group circulated on behalf of the development finance institution indicated that the Pavilion would provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic […]
President Bola Tinubu has signed the N2.2 trillion supplementary budget for 2023, which will be concurrently implemented with the 2024 budget until March this year. The Speaker of the House of Representatives, Hon. Tajudeen Abbas, who made this disclosure during a media chat at the Presidential Villa on Monday, said that already the President had […]
President Bola Tinubu on Monday signed the 2024 Appropriation Bill into law in keeping with his commitment to maintaining a timeous, predictable, and efficient budget cycle for the country. The top priorities of the 2024 budget of N28.7 trillion include defence and internal security, job creation, macro-economic stability, improved investment environment, human capital development, poverty […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s All-Commodity Group Import and All-Commodity Group Export Price indices increased in the third quarter of this year. In its ‘Commodity Price Indices and Terms of Trade (Q3 2023)’ report just published on its website, the Bureau indicated that the All-Commodity Group Import Index on average […]
The International Telecommunications Union (ITU) has reported that Africa’s 6% 5G coverage remains the lowest globally as of December 2023. The global telecom body made this disclosure in its just published ‘Mobile Network Coverage Facts and Figures 2023’ report. The report reflected that the continent was lagging in deploying the latest technology while older generation […]
The West African Development Bank (BOAD), the development finance institution of the Francophone and Lusophone member-countries of the West African Economic and Monetary Union (WAEMU), has announced the Arab Bank for Economic Development in Africa’s (BADEA’s) equity stake in the second phase of its capitalization. The capital increase was sequel to a favourable opinion issued […]
At the conclusion of the World Radiocommunications Conference (WRC) 2023, Nigeria joined other countries globally to sign the Final Act WRC-23, which constitutes a record of the decisions taken at the conference. The Final Act comprises both the new and revised provisions of the Radio Regulations, an international treaty governing the use of the radio-frequency […]
The Nigerian Electricity Regulatory Commission (NERC), has bemoaned the lingering metering gap in view of the negative impact on electricity customers on estimated billing. To address the lingering challenge, the commission urged Electricity Distribution Companies (DisCos) to utilise any of the five meter financing frameworks provided in the 2021 Meter Asset Provider (MAP) and the […]
Investment experts at Bancorp Securities Limited, one of investment analysis and consulting firms in Nigeria, have forecasted mixed stocks’ performance in the Nigerian Exchange this last week of 2023 financial year as the market would adjust to positive sentiments of the broader economy. The experts, in the firm’s ‘Weekly Stock Recommendation Dec 27 – Dec […]
The World Bank has projected Diaspora remittances into Nigeria to exceed $20 billion and estimated total remittances into the Sub-Saharan Africa (SSA) region to grow by 1.9% at the end of this year. The Bretton Woods institution, in its latest ‘Migration and Development Brief’, predicted that the global remittance flows would continue to grow in […]