The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has charged African governments to begin to rethink governance, engender public confidence and trust in government by providing value for taxpayers’ money in line with their obligations under their social contract with citizens. The seasoned tax administrator, who made this call made in […]
The Nigerian Communications Commission (NCC) has offered two slots of 3.5GHz spectrum band for auction before end of 2022, to enhance the deployment of Fifth Generation (5G) services in Nigeria. The process, which was made public on 21st October 2022 with the publication of the Draft Information Memorandum (IM) for the auction on the Commission’s […]
Nigeria’s Ambassador to the Russian Federation, Prof. Abdullahi Shehu, on Sunday restated Federal Government’s plans to resuscitate the Ajaokuta Steel Company, one of nation’s largest assets, through new discussions with potential Russian investors. The envoy was quoted by the News Agency of Nigeria (NAN) as giving this hint in Moscow during an interview, recalling that […]
The National Agency for Food and Drugs Administration and Control (NAFDAC) has restated its determination to attain the World Health Organization (WHO) Maturity Level Four certification, as a regulatory step towards making pharmaceutical products manufactured in Nigeria competitive in the rapidly transforming the global market. The agency’s Director-General, Prof. Mojisola Adeyeye, who made this remark […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, has told state governors that the potentials of broadband are so enormous that if made available for their citizens, will be the best gift for their economic emancipation. Pantami made this remark at the maiden edition of Broadband Technical Awareness Forum for Governors (BTAF), organised […]
Lagos State Governor, Babajide Sanwo-Olu, on Thursday disclosed that his administration had inaugurated more than 15 housing projects and 3,526 housing units since he assumed office in 2019. Sanwo-Olu, who gave these figures at the 2nd Stakeholders’ Summit of the Real Estate Developers Association of Nigeria (REDAN), Lagos State Chapter, held in Lagos said that […]
….As Nigeria tops private equity/ venture capital investment ranking chart The European Investment Bank (EIB) in its latest annual survey of banks in Africa titled ‘Finance in Africa in 2022: Navigating the Financial Landscape in Turbulent Times’, has identified asset quality deterioration amongst the major challenges facing lenders in the continent. The EIB report […]
A new report by PriceWaterhouseCoopers (PwC), a global accountancy and auditing consulting firm, has estimated that Africa will require about $2.6 trillion to drive energy transition and bridge its widening energy gap over the next 30 years. The firm, in its latest ‘Africa Energy Review 2022’, indicated that the continent was not likely to achieve […]
The Board of Directors of the African Development Bank (AfDB) Group has approved an unfunded $75 million trade finance Risk Participation Agreement facility for FirstRand Bank Limited (FRB). The approved facility will enhance FRB’s ability to underwrite trade finance transactions originating from issuing banks in several countries, including transition states and low-income countries across Africa. […]
Lagos State Governor, Mr. Babajide Sanwo-Olu, has unveiled a 30-year development plan for Lagos State, which will be implemented between 2022 and 2052. The governor, who unveiled the plan at the closing ceremony of 9th Edition of Ehingbeti Lagos Economic Summit, also signed the Lagos State Wealth Fund (LSWF) Bill which will be sent to […]