Researchers at CAPE Economic and Research Consulting firm, a leading economic research and analytics company, have projected that Nigeria’s Gross Domestic Product (GDP) growth rate may moderate at 2.11% in the fourth quarter of this year amid sustained macroeconomic headwinds. The analysts, in the firm’s latest Economic Newsletter Volume 2, Issue 11, November 2023′ report […]
The Securities and Exchange Commission (SEC) has sealed the office of Ready Finance Investors Limited, which is located at Flat 5, AYA Memorial Plaza, Nkwere Street, Area 11, Garki, Abuja for engaging in illegal investment and other capital market activities. A statement issued by the capital market regulatory commission on Thursday indicated that firm was […]
The African Development Bank Group (AfDB) on Tuesday announced its adoption of climate resilient debt clauses (CRDCs), thereby joining major creditors and international development banks at a COP28 session organized by the UK, Barbados and the InterAmerican Development Bank under the auspices of the Bridgetown Initiative. A news report from African Press Organisation (APO) Group […]
The United Nations Industrial Development Organization (UNIDO) has expressed its interest to partner the National Agency for Science and Engineering Infrastructure (NASENI) to reduce energy poverty through the domestication of renewable energy solutions and to fast-track industrial development in Nigeria. The Deputy Head, UNIDO Nigeria Office, Mr. Adekunle Olusile, who led a delegation on a […]
The Nigeria Sovereign Investment Authority (NSIA) has announced the formal handover of the Second Niger Bridge to the Federal Government following its completion. The Second Niger Bridge, linking South-Eastern Nigeria to other regions, was implemented through the Presidential Infrastructure Development Fund (PIDF), with NSIA acting as both Fund and Project Manager. The scope of the […]
A draft of a potential climate deal at the COP28 Summit on Monday suggested a range of measures countries could take to slash greenhouse gas emissions, but omitted the “phase out” of fossil fuels many nations have demanded – drawing criticism from the U.S., EU and climate-vulnerable countries. Reuters reports that the draft has set the […]
Katsina State Government has waived the payment of Right of Way (RoW) charges earlier imposed on telecom operators by it. Mr Ibrahim Kaula, the Chief Press Secretary to the Katsina State Governor, Dikko Radda, announced the fiscal relief for the telcos. The RoW charge, which the telcos had complained about, is the levy imposed by […]
Aspen Insurance Holdings Limited, the Bermuda-based insurer and reinsurer, has confirmed that it is mulling an initial public offering (IPO) of its ordinary shares in 2024, subject to satisfactory market conditions. A news report from Reinsurance News, an industry-focused online medium, on Monday indicated the announcement from the risk underwriting firm confirmed a previous report […]
The Chief Executive Officer of the Pension Funds Operators’ Association of Nigeria, Mr. Oguche Agudah, disclosed Friday that the National Pension Commission (PenCom) recovered N24.8 billion of funds unremitted by employers in the third quarter of 2023. Agudah, who spoke at a media parley with the theme “At the dawn of 20 years of pension […]
The Transmission Company of Nigeria (TCN) says that currently it has installed capacity to transmit 8,100mw of the about 13,000mw of electricity being generated nationwide. The company’s General Manager for Port Harcourt Region, Dr Thomas Inugonum, who gave this hint on Sunday in the Rivers State capital explained that the company was supposed to be […]