The Board of Directors of the African Development Bank Group (AfDB) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing […]
The Infrastructure Concession Regulatory Commission (ICRC) has expressed its readiness to support sub-national governments and the Federal Capital Territory (FCT) on viable infrastructure projects through the use of Public Private Partnerships (PPP) model. The commission’s Director General, Michael Ohiani, made promise when he received Media Trust Group’s delegation, led by its Group Chief Executive Officer, […]
…..defends appointments of new directors The Nigerian Exchange Group Plc (NGX Group) has reiterated its commitment to upholding the highest corporate governance ethics in its operations in furtherance of its long-term strategy to ensure competitive returns for investors in the nation’s equities market. The Group, in a statement issued on Wednesday, assured that its […]
The Federal Inland Revenue Service (FIRS) has cautioned government’s ministries, departments and agencies (MDAs) against appointing consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies in view of its statutory role as the sole agency empowered to administer such taxes in the country. In a Public Notice issued […]
The National Bureau of Statistics (NBS) on Tuesday, September 21, reported that consumers of Liquefied Petroleum Gas (LPG/cooking gas in Nigeria paid N4,456.56 in August for an average price of 5kg cooking gas, representing 101.17 percent increase over the price of N2,215.33 paid for the same volume of gas in August 2021. The Bureau in […]
The Nigerian Exchange Limited’s All Share Index (NGX ASI) closed at 49,421.91 representing a marginal decrease by 0.05% at the close of Wednesday’s trading when compared with the previous close of 49,445.31. Also, the market capitalization closed at N26.658 trillion against previous close of N26.670 trillion just as the Year-to-Date (YTD) return stood at 15.70%. According to information provided […]
President Muhammadu Buhari, has in separate letters to the Senate, requested for the approval of the upper legislative chamber for the issuance of promissory notes totaling over N402 billion to three states, namely Kebbi, Yobe and Taraba. In his first letter read in plenary by President of the Senate, Ahmad Lawan, the President requested for […]
The latest report from Chainalysis, a Blockchain data platform helping helps government agencies, cryptocurrency businesses, and financial institutions engage confidently with cryptocurrency, has indicated that Nigeria topped the adoption chart in the African continent, ranking #11 in the world with an adoption score of 0.521. The report showed that Kenya, which topped the ranking chart […]
The Nigerian Communications Commission (NCC) has deployed 84 assistive Information Technology projects at different locations in the country to support people with special needs while also supporting policies that enable disadvantaged members of the society to live a more qualitative life. The E-Accessibility project seeks to meet the ICT needs of persons living with disabilities in […]
The Debt Management Office (DMO) has put the total indebtedness of the 36 states of the federation at N5.281 trillion at the end of the second quarter this year with Lagos State topping the chart with N797.304 billion. The latest statistics released by the Office on the subnational governments’ debt stock showed that Delta, Ogun […]