The Lagos State Government has announced plans to deploy about 1,000 Compressed Natural Gas (CNG)-buses before the end of 2024 in furtherance of its efforts to provide affordable transportation to commuters in the state. Following the completion of proof of concept on the feasibility of use of non-combustible engines as substitute for fuel-powered vehicles, the […]
The Council of the European Union (EU) and the Parliament have come to a provisional agreement on amendments to the Solvency II directive, which they say will “boost the role” of the re/insurance sector and make it a more resilient and prepared industry for the benefit of policyholders. After a review of Solvency II following […]
President Tinubu has approved a 50% discount on road transport travel across the country from December 21, 2023, to January 4 next year. The Minister of Solid Mineral Development, Dele Alake, who disclosed this to journalists at the State House in Abuja said the action was part of Tinubu’s initiatives aimed at easing the lives […]
Egbin Power Station, one of the thermal power stations in the country, has been temporarily shut down for maintenance works on a crucial gas pipeline linked to the power plant. According to information on the station’s shutdown, the shutting of the plant was carried out at 11:13 hours on Monday, and would last for three […]
Researchers at Comercio Partners, a leading trading, investment and advisory services providers have projected that Nigeria’s inflation would sustain the current surging trend in the months ahead, despite ongoing policy measures by the Central Bank of Nigeria (CBN) and the fiscal authorities to moderate the general price level in the economy. The experts, in the […]
Lagos State governor, Mr. Babajide Sanwo-Olu, has said the current tax revenue being generated by the Lagos State Government is too low to government’s actual projection and the state’s tax revenue potential. The governor, who made this remark when he hosted members of Presidential Committee on Fiscal Policy and Tax Reforms, led by the Chairman, […]
The Managing Partner at Hudson Structured Capital Management Limited and Board Member at CyberCube, Mike Millette, has predicted that as the cyber insurance and reinsurance market grows, there is the potential for cyber insurance-linked securities (ILS) volumes to reach $100 billion over the next two decades. A news report from Artemis.com, a risk underwriting-focused online […]
The African Development Bank (AfDB) has charged the first set of graduates from its Public Finance Management Academy for Africa (PFMA) to serve as standard-bearers for accountability in public finance system across Africa. The Bank’s Chief Economist and Vice President, Prof. Kevin Urama, who gave the charge in Abuja during the graduation ceremony for 51 […]
…..As Agency Signs MoU for Coal-based Fertilizers Plants The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects, being one of the outcomes of the bilateral collaboration between the Federal Government of Nigeria and the […]
The Nigerian National Petroleum Company Limited (NNPCL) on Monday set a production target of two million barrels per day of crude oil in 2024. The Chairman of the NNPCL Board, Mr Pius Akinyelure, set the target after the official inauguration of the board and management team for the NNPCL by President Bola Tinubu at the […]