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 […]
MTN Nigeria Communications Plc has announced the completion of its series 10 commercial paper issuance under an upsized N250 billion commercial paper issuance programme. The company, in its Notice to the Nigerian Exchange Limited, signed by the Company Secretary, Barr. Uto Ukpanah, said that the telecom operator was seeking to raise N72.1 billion with the […]
The new Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has assured all stakeholders in the aviation sector that the agency will continue to be the bastion of excellent service delivery in the country. She said this while meeting the top management of the agency and journalists after receiving […]
Investment analysts at Bancorp Securities Limited, one of Nigeria’s frontline investment research and consulting firms, have projected that as current reforms by the Tinubu administration continued to gather momentum, indications suggest that investments in the Nigerian Exchange (NGX) hold promising outlook as financial and industrial stocks would sustain current momentum till the year ends. The […]
Apparently miffed by the level of public’s handling and maintenance of Federal Government’s assets across the country, the Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has expressed his concern about the detestable attitude in view of the costs to sustained drive towards Nigeria’s sustainable development. Oyedele, who spoke on his concern about […]
Researchers at CAPE Economic and Research Consulting firm, a leading economic research and analytics company, have projected that Nigeria’s Gross Domestic Product (GDP) growth rate may moderate at 2.11% in the fourth quarter of this year amid sustained macroeconomic headwinds. The analysts, in the firm’s latest Economic Newsletter Volume 2, Issue 11, November 2023′ report […]
The Independent Petroleum Producers Group (IPPG) has called for a review of critical aspects of the Petroleum Industry Act (PIA) 2021 to strengthen the regulatory framework and competitiveness of the fiscal regime and by implication, attract more investments into the hydrocarbon resources industry. Specifically, the group believes that the amendment of some provisions of the […]
In furtherance of its sustained efforts towards improving the efficiency of the nation’s financial system and ensure that depositors’ interests are protected at all times, the Nigeria Deposit Insurance Corporation (NDIC) has reiterated its commitment to supporting the efforts of the Central Bank of Nigeria (CBN) for sustainable growth of the economy. The corporation’s Managing […]