President Bola Tinubu has assured international investors that Nigeria remains a secured destination with high prospects for returns for their investments. Tinubu, who gave the assurance while speaking as a participant in a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit in Berlin, Germany, highlighted Nigeria’s […]
The African Development Bank (AfDB) has finalised arrangements to disburse about $618 million to Nigeria under the Investment in Digital and Creative Enterprise (i-DICE), programme. AfDB’s Country Director-General for Nigeria, Lamin Barrow, who gave this hint on Sunday in Morocco, confirmed that the Federal Government had initiated the process of recruiting a fund manager for […]
….As PMI Dips To 49.1% In October Economists at CAPE Economic Research and Consulting firm have predicted that in the medium-term Nigeria’s economic output growth (Gross Domestic Product) growth rate would moderate to 1.73 percent in the 5rd quarter and dipped further by 0.02 percentage points to 1.54 percent in Q4 this year. The experts, […]
Multichoice Nigeria, the major Pay-Tv operator in the country, has announced another price upward price review across its DStv and GOtv packages by at least 19%, barely five months after it jacked up the prices which was vehemently opposed by millions of its subscribers nationwide. The latest increment of the prices is the second this […]
Following failure to remit the Personal Income Taxes (PIT) of their employees and for non-remittance of consumption taxes, the Lagos State Internal Revenue Service (LIRS) has closed 34 companies in the state, including 23 hospitality sector entities. Some of the affected companies are NTS Nigeria Ltd., Med-In Hospital & Pharma Services Ltd., Danvic Petroleum Int’l […]
The Federal Executive Council (FEC) on Monday approved the submission of a supplementary budget of over N2.1 trillion to the National Assembly for the fiscal year 2023 amid rising public governance expenditure obligations. The FEC approved the N2.176 trillion for presentation to the Legislature during its weekly meeting presided over by President Bola Tinubu. The […]
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, has linked the underperformance and other operational challenges facing Nigerian airlines to high interest rates on credit and unbearable y insurance premiums for aircraft. Nuhu, was quoted by Nairametrics, an online medium, as saying during an interview that the impact of these high […]
The Federal Government has suspended the Nigeria Air project of the immediate past administration of President Muhammadu Buhari as part of its current efforts to boost the performance of the aviation sector and make it globally competitive. The Minister of Aviation and Aerospace Development, Barrister Festus Keyamo, announced the suspension of the national carrier project […]
…. first of its kind in Africa The Federal Government on Friday inaugurated Bollard Pull Tug Boats (vessels) at the Lagos ports acquired by the Nigerian Ports Authority (NPA) in furtherance of its sustained drive provide efficient domestic cargo needs, win back transit cargo from neighbouring countries and also to meet the maritime needs […]
….amid AON’s opposition to project, subsisting court order In what appears a confirmation of the outgoing President Muhammadu Buhari’s administration to walk its talk on the national carrier project, a Nigeria Air aircraft, which was earlier sighted early today at Addis Ababa Bole International Airport, Ethiopia, has reportedly landed at the Nnamdi Azikiwe International Airport, […]