The National Bureau of Statistics (NBS), in its latest study on structure and ownership of select businesses in Nigeria, reported that 40% of such enterprises were owned by women while 12% were co-owned by a man and a woman, leaving a balance of 48% as men-owned enterprises. The Bureau gave these figures in its just […]
…..to support real, agric sectors with over N700bn …..saves N1trn on fuel subsidy removal President Bola Ahmed Tinubu on Monday unveiled sundry policy and funding measures aimed at mitigating the current hardships of the citizenry, especially those triggered by the fuel subsidy-removal measure, moderating the inflation rate, boosting industrial activities and job creation with the […]
The S&P Global Ratings has assigned a AA-rating to African Development Bank Group (AfDB) for its inaugural hybrid capital issuance, which is expected to position the bank as a pioneer in innovative sustainable financing globally The AA-rating to the debut transaction is the highest rating for hybrid capital and the first ever to be issued by […]
….As diesel price rises by 11.18% The Premium Motor Spirit (Petrol) Price Watch (June 2023) published by the National Bureau of Statistics NBS) on Wednesday, July 26, showed that the average retail price paid by consumers for Premium Motor Spirit (Petrol) in June 2023 was N545.83, indicating an increase of 210.31% relative to the N175.89 […]
…..As Household Kerosene price rises by 2.49% The National Bureau of Statistics (NBS) on Wednesday reported that consumers paid less for Liquefied Petroleum Gas (Cooking Gas) in the month of June, despite the surging inflation rate recorded in the month. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price Watch (June 2023)’ reported that […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), the benchmark interest rate, by 25 basis points to 18.75% from the previous 18.5%, representing the highest interest rate in 22 years. The acting CBN Governor, Mr. Folashodun Shonubi, who announced the latest hike in […]
The Centre for the Promotion of Private Enterprise (CPPE), one of Nigeria’s advocacy groups championing the cause of the organized private sector (OPS), has projected that despite the current concerns about the nation’s foreign exchange market volatility, there are strong indications that the volatility will abate as the government continues to respond to the FX […]
The Executive Vice Chairman/Chief Executive Officer, National Agency for Science and Engineering (NASENI), Dr. Bashir Gwandu has called for stronger collaboration between the Air Force Institute of Technology (AFIT), Kaduna and his agency for the take-off of the permanent site of Aeronautics and Air Vehicle Development Institute (AAVDI), an Institute under NASENI. The NASENI boss, who […]
The Federal Inland Revenue Service (FIRS) has announced that it raked in total tax revenue of N5.5 trillion for the half-year period of January to June 2023, representing the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year. The Executive Chairman of the federal revenue agency, Mr. […]
The National Agency for Science and Engineering Infrastructure (NASENI) is calling on international investors to collaborate with it in local production and domestication of Lithium batteries and other renewable energy solutions. The Executive Vice Chairman/CEO of the agency, Dr. Bashir Gwandu, who made the call on Monday, said the agency was ready to partner with […]