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Nigeria’s Senate Passes N17Trn Budget For Fiscal 2022

Nigeria’s Senate on Wednesday passed the 2022 budget of N17.126 trillion as federal spending for the 2022 fiscal year, representing about N700 billion higher than the provisions in the Appropriation Bill 2022 presented by the Executive for the fiscal year. President Muhammadu Buhari had in October presented a N16.391 trillion Appropriation proposal to the joint […]

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NCC, SMEDAN Collaborate On Digital Scheme For SMEs

The Nigerian Communications Commission (NCC) has partnered the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to establish a SME Digital Academy as part of the commission’s commitment to support initiatives targeted at adding value to the nation’s economy and good governance in the country. The SME Digital Academy is a public-private partnership initiative […]

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W/Bank Approves $700Mn For Nigeria’s Agro-Climatic Resilience Project

The World Bank Group Board has approved a $700 million credit from the International Development Association (IDA) for the Nigeria Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The Breton Woods institution in a statement indicated that the project would increase the implementation of sustainable landscape management practices in northern Nigeria and strengthen the country’s long-term enabling […]

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FG To Create Enabling Environment For Women Entrepreneurs

The Minister of State for Industry, Trade and Investment, Ambassador Mariam Katagum, has assured Federal Government’s   commitment to providing a conducive environment for women in business in the country. The Minister gave this assurance in her keynote address at the virtual launch of the Ebi Market Place, the first indigenous E-Commerce Market place platform for […]

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UK Inflation Hits 5.1% In November, Highest Since Sept 2011

UK’s consumer prices are sustaining a rising trend, hitting their highest rate in over a decade as a result of soaring energy costs and blockages in the supply chain. Official figures on the country’s Consumer Price Index (CPI) released by the Office for National Statistics (ONS) Wednesday, a day before the Bank of England is […]

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COVID-19 Loans: NIRSAL MFB Disburses Over N503Bn To Nigerians, Firms

NIRSAL Microfinance Bank (NIRSAL MFB), has disbursed over N503 billion to over  1million Nigerians and businesses largely through the Federal Government’s COVID-19 intervention fund to cushion the impact of the COVID-19 pandemic on households and small businesses. Figures from the NIRSAL MFB showed that the bank disbursed N503,273,000,000 as loans to 1,053,215,837 beneficiaries, including individuals […]

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FG Reiterates Commitment To Attract More Investment Into Nigeria

The Minister of State for Industry,  Trade and Investment, Ambassador Mariam Yalwaji Katagum,  has restated Federal Government’s,  through the Federal Ministry of Industry, Trade and Investment , to continue to  attract more  investment  into every sector of  the nation’s economy. Yewaji, who made this promise in her  remarks  at the closing ceremony of  the EnjoyNigeria 2021 […]

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UK Economy Records 0.1% Growth In October

The United Kingdom (UK) economy recorded a mere 0.1 percent growth in October, representing a sharp slowdown from September’s  0.6 percent growth and well below what analysts had forecast for the month. The Office for National Statistics (ONS), in its report, attributed the slowdown in growth to a big decline the construction sector, which also […]

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LCCI Charts Multi-Pronged COVID-19 Control Strategy For FG

As the surging wave of the new Omicron variant of the COVID-19 pandemic continues to create new anxieties across geo-political zones globally, the Lagos Chamber of Commerce and Industry (LCCI) has canvassed the adoption of a multi pronged approach by the government to further strengthen Nigeria’s response to the pandemic, especially in view of the […]

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S/Africa’s Economy Shrinks 1.5% In Q3 As Riots, COVID-19 Hamper Activity

Indications that civil unrest and lingering COVID-19 pandemic are stalling policy measures by government to keep South Africa’s economy on sustainable growth trajectory emerged on Tuesday with the country’s economy shrinking by 1.5 percent in the third quarter of this year. The Q3, 2021 figures represented the first time the country’s economy contracted in a […]