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Lugbe CRD Residents Seek Tinubu’s Help On FCDA Demolition Threats

Residents and property owners in Committee on Resettlement and Development Layout, popularly called CRD, in Lugbe, along Airport Road in the Federal Capital Territory (FCT), Abuja, have sent a passionate plea to President Bola Tinubu to save them from threats by the Federal Capital Development Authority (FCDA) to demolish their homes and reallocate their lands […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Statistics

FG Targets N2.5Trn From Bond Auction In February

The Federal Government is targeting to raise N2.5 trillion from its second FGN bond auction of 2024 as part of its efforts to raise more funds through debt instruments in order to bridge the about N9.18 trillion deficit in the approved 2024 budget. According to the latest circular from the Debt Management Office (DMO) on […]

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FG Partners World Bank On $3Bn Broadband Infrastructure Funding

The Federal Government has announced its partnership with the World Bank Group to raise $3 billion for expansion of broadband infrastructure in the country. The project involves laying additional 120,000km of fibre optic cables across the country. The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani,  who made this disclosure at stakeholders meeting […]

Banking Budgeting

Analysts Task FG On Improved PMI, Amid Surging Inflation

Economists and investment researchers at the Centre for the Study of the Economies of Africa (CSEA), a leading research firm with primary focus on developments in African economies, have advised the Federal Government on fiscal and other economic strategies required to improve the nation’s Purchasing Managers’ Index (PMI), despite the current whirlwinds. The researchers, in […]

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$6.23Mn Fraud: Presidency Seeks Interpol’s Support On Suspects’ Arrest

The Presidency has requested the Interpol National Central Bureau to place a Central Bank of Nigeria’s, (CBN’s) staff, Odoh Eric Ocheme, and two others on its Red Notice with a view to arresting them over fraudulent acts involving millions of dollars from the apex bank. Specifically, the Federal Government’s request to the Interpol is connected […]

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NSIA Unveils 2nd Edition Prize Worth $220,000 For Innovation

The Nigeria Sovereign Investment Authority (NSIA) has announced the flagging off of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a prize value of US$220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme commenced with over 2,000 applications and a rigorous […]

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NIMASA Begins Deployment Of Modular Floating Dock

The Nigerian Maritime and Safety Administration (NIMASA) has commenced moves for the deployment of the Modular Floating Dock to the operational base as part of its current efforts to enhance port operations in the country. Already, the agency has moved the Floating Dock to a jetty at the Standard Flour Mills in Apapa preparatory to […]

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Current Reforms Will Boost Nigeria’s Credit Outlook – Standard Chartered

Standard Chartered Bank has projected that ongoing economic reforms in Nigeria hold the potential of improving Nigeria’s credit outlook, bolster the nation’s macroeconomic stability and create investment opportunities this year. The Global Chief Investment Officer at Standard Chartered Bank’s Wealth Management unit, Mr. Steve Brice, made this disclosure while presenting the Bank’s ‘Global Market Outlook […]

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No Plans To Tax Online Content Creators, Skit Makers – FIRS

The Federal Inland Revenue Service (FIRS) has debunked some media reports insinuating that is planning to impose taxes on online content creators and skit makers, saying that it has no intentions of imposing taxes on online content creators. The News Agency of Nigeria (NAN) broke the news on Monday based on discussions with FIRS staff, […]

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Indian Investors Secure Approval For New $25Mn Investment In Nigeria

In furtherance of its sustained efforts to boost foreign direct investment (FDI) inflows into the country, the Federal Government has given approval to some Indians to invest new $25 million into the Nigerian economy. The India Consul-General to Nigeria, Shri Chandramouli Kumar Kern, gave this hint during the inauguration of Artemis Laboratories Limited’s new pharmaceutical […]