Apparently determined to raise more funds for sustainable growth, the Lagos State Government has listed a N137, 328,000,000 series IV bond on the Nigerian Stock Exchange (NGX). The listing, which was reflected in a notice by the exchange in its weekly report of activities on the market, indicated that the bond is a 10-Year 13.00 per […]
Nigeria’s Vice President, Prof. Yemi Osinbajo, on Thursday expressed optimism that the new Gateway Agro Cargo International Airport, Iperu, Ogun State, would remarkably boost the nation’s economic growth, especially the non-oil sector as the government continues to intensify its diversification drive of the economy. Osinbajo, who made this remark during the maiden test flight of […]
The Minister of Communications and Digital Economy, Prof. Ali Ibrahim Pantami, on Thursday inaugurated a Committee led by the Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, to advise government on appropriate measures to take in protection of the nation’s cyberspace and ICT infrastructure from potential attacks, especially during the 2023 elections. The […]
The Central Bank of Nigeria (CBN) has reported that the foreign medical expenses of Nigerians from January to September 2022 stood at N294.6 million, representing a drop of 52% when compared to the $612.98 million expended by them on foreign medical bills in the corresponding period of the previous year. The apex bank, in its […]
Nigeria is currently rated among the countries with slow internet speed, ranking 89th globally, despite sundry efforts of the Federal Government to improve Nigeria’s broadband infrastructure investments over the past few years. According to the just published industry Speedtest Global Index report from a US-based internet speed analysis company, Ookla, Nigeria moved up to the 89th position […]
The British High Commissioner to Nigeria, Ms. Catriona Liang, has advised the incoming government in the country to adopt the right fiscal measures that will ensure that the planned fuel subsidy removal proposed for the second quarter of this year does not hurt poor Nigerians The UK envoy, while giving the charge during an interview […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, at the weekend expressed optimism that Starlink’s commencement of operations in the country and the implementation of the Nigeria Startup Act (NSA) would bolster the nation’s startup ecosystem. The Minister made this projection on Friday when he hosted two Nigerian startups, namely RiceAfrika Technologies and […]
The Nigerian Communications Commission (NCC) has reported that number of inactive or unused or abandoned lines across the mobile network operators’ (MNOs) networks declined by 13% in 2022, reflecting that more subscribers activated their lines in the year. According to the industry’s regulatory standard, a mobile line is considered to be inactive if it is […]
Julius Berger Nigeria Plc, one of Nigeria’s construction giants, has announced the completion of its N30 billion Series 1 and 2 Commercial Paper (CP) issuance. The company, in a corporate disclosure signed by its Company Secretary Mrs Cecilia Madueke, and sent to the Nigerian Exchange Limited, indicated that the commercial paper issuance was over-subscribed, demonstrating […]
The International Monetary Fund (IMF) has revised upward its 2023 growth projection for Nigeria’s economy to 3.2% from the earlier projected 3.1% growth rate published in its World Economic Outlook Update (WEO) in October last year. The IMF made the latest forecast in its World Economic Outlook Update published on Tuesday. It reported that the […]