The National Bureau of Statistics (NBS), Nigeria’s national statistical system coordinating agency, on Tuesday reported a general increase in the prices of most staple food items in the month of May this year. The statistics agency, in its ‘Selected Food Prices Watch (May 2023)’ posted on its website, reported that in the month under review, […]
As part of its programmes for the World MSMEs Day 2023, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has partnered Casava Insurance, a risk underwriting company with special focus on agribusiness, to facilitate voluntary registration and certification of MSMEs under SMEDAN and provide valuable support services for registered MSMEs in the country. […]
….says govt could safe N11trn from fuel subsidy removal by 2025 The World Bank Group has said that Nigeria can leverage the new reforms of the President Bola Tinubu-led administration to address her current macroeconomic imbalances. The Washington-based development finance institution made this remark during the launch of the June 2023 edition of the Nigeria […]
Despite intensive and sustained investment in the renewable energy by world leaders and commitment by international organizations to green projects, global appetite for fossil fuel is still growing. The latest annual ‘Statistical Review of World Energy Record’ showed that increases in solar and wind installations in 2022 failed to reduce the 82% share of fossil […]
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has lauded President Bola Ahmed Tinubu for assenting to the Nigeria Data Protection Bill 2023 as a legislative step towards protecting Nigeria’s critical data. The NACCIMA President, Hon. Dele Kelvin Oye, recalled the NACCIMA’s Digital Economy Trade Group’s contribution towards the bill, especially […]
Ogun State Government and Arise Integrated Industrial Platform (AIIP), at the weekend stated that they had opened discussions on the modalities for the establishment of a parking facility for containers and trailers within the premises of the Special Agro Processing Zone (SAPZ). The company’s Vice President and Country Head, Suren Abeywickrema, gave this hint while […]
The United States Agency for International Development (USAID) has committed $3 million to the African Water Facility (AWF) to support the preparation of water and sanitation investment projects in the continent through the provision of grants and technical assistance to African countries and regional economic communities. The African Development Bank (AfDB), which gave this hint […]
The Manufacturers Association of Nigeria (MAN) has said that the latest foreign exchange (FX) policy by the monetary authorities will further increase operational costs for businesses and trigger exchange rate volatility due to uncertainties about future exchange rate trend. The Director-General of the association, Mr. Segun Ajayi-Kadir, who made this remark during a media chat, […]
The Centre for the Promotion of Private Enterprise (CPPE), one of the leading organized private sector (OPS) advocacy groups, has canvassed key fiscal, monetary and policy reform initiatives that the new President Bola Ahmed Tinubu-led administration should prioritize in its reform agenda to ensure improved socioeconomic well-being for the citizenry and sustainable growth of the […]
The Nigerian Communications Commission (NCC)) has reported that the telecommunications and information services sector generated N2.508 trillion as revenue to the federation account in the first quarter 2023, representing 14.13% to the nation’s gross domestic product (GDP) during the quarter. Data released by the National Bureau of Statistics (NBS) showed that the sector recorded a […]