The Federal Government commenced the search for fund managers for a planned $10 billion diaspora fund that is aimed at attracting dollar inflows and foreign investment into the economy. Reuters reports that a tender document by Nigeria’s Ministry of Industry, Trade and Investment through a public notice indicated that the Federal Government was seeking “fund […]
The Federal Competition and Consumer Protection Commission (FCCPC) has assured pay television service subscribers in the country of its plan to review recent price hike by MultiChoice, the services’ provider, of its cable subscriptions to ensure subscribers in Nigeria get value for their money. Recall that the leading pay TV operator, recently announced increase in […]
The AU-ILO Joint Planning Meeting held on 8 April 2024 in Addis Ababa, Ethiopia, has reassured on the strengthening of the collaboration and coordination between the African Union (AU) and the International Labour Organization (ILO) to promote decent work and social justice in the continent. The joint planning meeting featured 20 representatives from both institutions […]
The Accountant General of the Federation (AGF), Mrs. Oluwatoyin Madein, has disclosed that capital budget releases for Ministries, Departments and Agencies (MDAs) for 2024 fiscal year will commence next month. She made this disclosure on Thursday at a one-day Stakeholders interaction/sensitization session on the revised policy on cash management and bottom-up cash planning held in Abuja. […]
Ogun State Governor, Prince Dapo Abiodun has appointed Mr. Tunde Onakoya, the National Master of Chess and the current Guinness World Record Holder for the longest Chess Marathon in history, the Sports Ambassador of the State. Abiodun, who made this known on Thursday when he received Onakoya in his office at Oke-Mosan, Abeokuta, also spoke […]
The Federal Government has revoked 924 dormant mining licences and asked potential investors to freely apply for the affected licences, which will be offered on a “first come, first served” basis. The Minister of Mines, Dele Alake, who made this disclosure in a statement issued on Wednesday, listed the revoked mining licences as including 528 […]
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share subscription agreement with Port-Harcourt Refinery, which will enable the parties to run a 100,000bpd refinery within the Port-Harcourt Refinery complex. This disclosure was contained in a press statement on the company’s official X handle, which […]
The World Bank has alerted world leaders on the likely negative implications of rising commodity prices for the general price levels and economic projection in their countries. In a report it released on Thursday, the multilateral financial institution, stated that energy and other commodity prices were projected to become significant deflationary factors in the forthcoming […]
The National Council on Privatisation (NCP) on Wednesday hinted of its intention of merging the Bank of Agriculture with the Central Bank of Nigeria’s (CBN) NIRSAL Microfinance Ltd as part of its efforts to improve the operational efficiency of government-owned institutions nationwide. To achieve this goal, the council also expressed its plans to inject new […]
The Statistician-General of the Federation/Chief Executive Officer of the National Bureau of Statistics (NBS), Prince Adeyemi Adeniran, has called on stakeholders in the Nigerian statistical system to support the current efforts of the Bureau to finalize the Draft National Strategy for the Development of Statistics (NSDS) 2024 – 2028 by making useful inputs into the […]