The National Project Coordinator of the Agro-Processing, Productivity Enhancement and Livelihood Improvement Support Project (APPEALS), Alhaji Mohammed Jobdi, on Wednesday disclosed that the project had supported a total of 55, 864 farmers since its implementation nationwide. The Coordinator, who gave these figures during the progress monitoring meeting of the project implementation in Abuja with the […]
Trading at the Nigerian Exchange (NGX) closed positive today amidst buy-interests and sell-offs as bulls dominated the session, thereby increasing the broad market performance Consequently, the equities market’s All-share Index (ASI) appreciated by 0.49% to close at 53,499.68 points while the market capitalization grew by N142 billion to close at N29.139 trillion. The market’s indices […]
The Independent Marketers Association of Nigeria (IPMAN) has promised fuel users in the country of improved product supply and lower pump prices within the next two weeks. The association’s National Operations Controller, Mr Mike Osatuyi, made this pledge on Wednesday while responding to a question on Arise TV’s Morning Show programme. The marketing chief hinged […]
The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said that the Public Service Person of the Year 2022 award conferred on him by Leadership Newspaper is a morale booster for the revenue agency to do more in furtherance of the fulfillment of its mandate. Nami made this remark during a chat […]
The African Development Bank’s Affirmative Finance Action for Women in Africa (AFAWA), an initiative of the African Development Bank (AfDB) has supported African women entrepreneurs with over $1 billion in approved funding to boost their businesses and incomes. The AFAWA was launched in 2015 in Dakar during the first Feed Africa conference (Dakar 1 Africa […]
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 […]
The Central Bank of Nigeria (CBN) has reported that the money supply in the country in 2022 rose to an all-time high of N52.14 trillion, despite its sustained measures to reduce the volume. In monetary terms, money supply, which is a function of the level of liquidity in an economy, comprises net foreign assets and […]
The National Bureau of Statistics (NBS) reported on Tuesday that Nigeria’s public debt stock increased to N44.06 trillion (about $101.91 billion) in the third quarter of 2022 from N42.84 trillion ($103.31 billion) in the preceding quarter. The Bureau gave these figures in its ‘Nigerian Domestic and Foreign Debt Report for Q3 2022’ hoisted on its […]
The Naira slightly appreciated in its exchange value against the US dollar at the black market in the early hours of Tuesday, trading at N751/$1 compared to N752/$1 it exchanged at during Monday’s trading session. Some black market FX traders attributed the rebound of the local currency to the current CBN’s currency swap policy that […]
President Muhammadu Buhari on Monday inaugurated the 10 megawatts Kano solar power project funded by the Nigeria Sovereign Investment Authority (NSIA) at a cost of $16 million. Speaking during the epochal event in the nation’s sustainable, environment-friendly power project drive, Buhari expressed satisfaction with the installation of the solar power plant, with over 21,000 solar […]