The Federal Government has announced its partnership with the World Bank Group to raise $3 billion for expansion of broadband infrastructure in the country. The project involves laying additional 120,000km of fibre optic cables across the country. The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani, who made this disclosure at stakeholders meeting […]
The Presidency has requested the Interpol National Central Bureau to place a Central Bank of Nigeria’s, (CBN’s) staff, Odoh Eric Ocheme, and two others on its Red Notice with a view to arresting them over fraudulent acts involving millions of dollars from the apex bank. Specifically, the Federal Government’s request to the Interpol is connected […]
The Nigeria Sovereign Investment Authority (NSIA) has announced the flagging off of the second edition of the NSIA Prize for Innovation (NPI 2.0), with a prize value of US$220,000 and an all-expense paid, five-week training at Draper University, Silicon Valley, USA. The maiden edition of the NPI Programme commenced with over 2,000 applications and a rigorous […]
The Nigerian Maritime and Safety Administration (NIMASA) has commenced moves for the deployment of the Modular Floating Dock to the operational base as part of its current efforts to enhance port operations in the country. Already, the agency has moved the Floating Dock to a jetty at the Standard Flour Mills in Apapa preparatory to […]
Standard Chartered Bank has projected that ongoing economic reforms in Nigeria hold the potential of improving Nigeria’s credit outlook, bolster the nation’s macroeconomic stability and create investment opportunities this year. The Global Chief Investment Officer at Standard Chartered Bank’s Wealth Management unit, Mr. Steve Brice, made this disclosure while presenting the Bank’s ‘Global Market Outlook […]
The Federal Inland Revenue Service (FIRS) has debunked some media reports insinuating that is planning to impose taxes on online content creators and skit makers, saying that it has no intentions of imposing taxes on online content creators. The News Agency of Nigeria (NAN) broke the news on Monday based on discussions with FIRS staff, […]
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to mop up excess liquidity in the nation’s economy through the issuance of OMO bills of up to N2 trillion in the next 12 months as a strategic step towards thawing rising inflation rate of the country. The development finance institution gave […]
The Federal Competition and Consumer Protection Commission (FCCPC) on Monday expressed support for the decision of the Nigerian Electricity Regulatory Commission (NERC) taken against 11 Electricity Distribution Companies (DisCos) for estimated bills capping non-compliance, calling for stricter penalties against DisCos. The NERC had last week imposed a N6 billion penalty on the 11 DisCos over […]
The International Monetary Fund (IMF), has projected that Nigeria’s foreign reserves will significantly drop this year to an all-time low of $24 billion. This forecast is contained in the IMF’s latest Country Report for Nigeria, which highlighted potential challenges ahead for the Nigerian government in its current efforts to sustain the nation’s economic growth. Data […]
……Also Mixed Sentiment In Eurobond Market Researchers at Comercio Partners, one of Nigeria’s firms with core business in trading fixed income securities and equities as well as providing financial advisory and assets management services, have projected bearish sentiment in the nation’s Treasury Bills (TBs) and FGN’s Bond markets this week in view of the micro […]