The Nigerian Communications Commission (NCC) has commended the Ondo State Government for its move to deploy broadband infrastructure through the Odua Infraco and charged other states to invest in such critical telecom facilities in the collective efforts to deepen broadband penetration in the country. The NCC’s management gave the commendation when a delegation of Ondo […]
The Board of Directors of the African Development Bank (AfDB) Group has approved an equity investment of $20 million in Evolution Fund III, a pan-African clean and sustainable energy private equity fund that is mobilising about $400 million into renewable energy and resource-efficiency assets across sub-Saharan Africa over a 10-year period. Inspired Evolution Investment Management […]
The National Bureau of Statistics (NBS), the agency responsible for national statistical system coordination in Nigeria, on Thursday reported that 133 million Nigerians, representing 63 percent of the 216 million Nigerians were multidimensionally poor, despite sustained efforts by the governments to alleviate poverty in the country. The Bureau gave this figures in the ‘2022 Nigeria […]
The Chairman of the Senate Committee on Capital Market, Senator Ibikunle Amosun, has described the nation’s capital market as crucial to current efforts to grow the economy in view of its strategic position in raising capital for bridging the widening infrastructure gap. Amosun made this remark during the budget defense by the Securities and Exchange Commission (SEC) […]
The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice to local and international markets. The deal was confirmed in a statement issued by the Deputy Managing Director, Tiamin Rice company, Mr Aliyu Ibrahim, on Wednesday in Abuja The rice processing […]
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Mr. Hamman Madu, has commended Nigerians in diaspora over foreign currencies remittances to the country, saying the monies have continued to help in boosting the nation’s economy over the years. The mortgage banker gave the commendation at the opening session of the 3-Day 5th Nigeria […]
The Federal Government has promised that disbursement of the last tranche of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme, will be received by state governments within the next few weeks. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this disclosure during an event organized by her […]
Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has said that ongoing efforts by the Commission to auction available spectrum for 5G services in the country is primarily driven by the pursuit to advance digital services and enhance quality communications infrastructure for the benefit of the citizenry, and not by […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy groups in the country, has advised the Federal Government on sundry areas requiring its intervention in order to frontally tackle the surging inflation rate in the country. The Founder/Director General of the group, Dr. Muda Yusuf, in a statement issued […]
Phillips Consulting Nigeria, one of Nigeria’s leading economic research and investment consulting firms, in its ‘Nigeria’s Aviation Industry: Customer Satisfaction Survey Report 2022’ just published, has identified airlines’ safety standards, pricing affordability and timeliness of flights as among the key criteria air travellers in the country are considering before choosing airlines for travels. In the […]