With electronic waste (E-Waste) from the deployment, usage and disposal of computers, mobile phones, and TVs, among others, exponentially surging across the global landscape on daily basis, the International Telecommunications Union (ITU) has said there is a global concern over the rate at which the E-Waste is being generated. According to the global telecom body, […]
In 2023, Nigeria’s total foreign trade increased to N71.88 trillion from N52.38 trillion recorded in 2022, representing an increase of 37.2% year-on-year (Y-o-Y) These figures were contained in the Foreign Trade in Goods Statistics (Q4 2023) report published by the National Bureau of Statistics (NBS) on Friday, March 8, on its website. The statistics agency […]
The Centre for the Promotion of Private Enterprise (CPPE), a frontline private sector advocacy organization in Nigeria, has called on the Federal Government to immediately review its recently introduced Expatriate Employment Levy (EEL) policy in view of the negative implications of its implementation for the economy. The Centre, in a Note issued on Sunday by […]
….Says $26Bn Transactions Through Binance Nigeria Difficult To Trace The Central Bank of Nigeria (CBN) Governor, Dr. Olayemi Cardoso, on Tuesday disclosed that the apex bank spent over N10 trillion in interventions to different sectors of the economy over the past six years without significant results to show for such humongous expenditure. He […]
Nigeria’s Gross Domestic Product (GDP) grew by 3.46% (year-on-year) in real terms in the fourth quarter of 2023, lower than the 3.52% recorded in the corresponding quarter of 2022, the National Bureau of Statistics (NBS) reported on Thursday. The Bureau, in its ‘Nigeria Gross Domestic Product Q4 2023’ report published on its website, however, stated […]
The Minister of Solid Minerals Development, Mr. Dele Alake, on Thursday said the Federal Government was yet to recover over N2 trillion debt from miners in the industry. The minister made this disclosure during his meeting with Licensed Minerals Holders and Laterite/Sand Operators Dealers in Kaduna State. Alake, who was represented at the meeting by […]
The Federal Government, through the Ministry of Solid Minerals Development, approved about 499 licences for the buying and selling of solid minerals in Nigeria in 2023, the Minister of Solid Minerals Development, Dele Alake, disclosed on Tuesday in Abuja. Alake, who gave this hint in his address as the keynote speaker at the BusinessDay Solid […]
…..As Agency Signs MoU for Coal-based Fertilizers Plants The National Agency for Science and Engineering Infrastructure (NASENI) has signed an agreement worth $21.7 million with eleven firms in Nigeria as beneficiaries for take-off of the Delta-2 Projects, being one of the outcomes of the bilateral collaboration between the Federal Government of Nigeria and the […]
The Nigerian government is exploring collaborative arrangements with the World Bank to increase financing and technical support for the development of the nation’s mining sector. Speaking during a courtesy visit to the minister, Dele Alake, on Monday, World Bank Country Director for Nigeria, Shubham Chaudhuri, expressed satisfaction with the renewed focus on development of the […]
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that Africa accounts for just three percent of the total $25.3 trillion global trade with most of the economies highly vulnerable to commodity price volatility. Adesina, who made remark while speaking on sustainable trade and energy mix at the Sustainable Trade Africa Conference […]