Budgeting Economy News Extra Latest News Planning & Economic Development Political Economy Revenue Solid Minerals Taxation Technology

FG Yet To Recover Over N2Trn Debt From Miners – Alake

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 […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Solid Minerals

FG Approved 499 Licences For Trading In Solid Minerals – Alake

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 […]

Agriculture & Agribusiness Budgeting Economy News Extra Infrastructure & Capital Projects Investments/Capital Market Latest News Manufacturing Planning & Economic Development Revenue Solid Minerals Technology

NASENI, Delta-2 Partners Seal $21.7Mn Investment Pact

…..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 […]

Banking Budgeting Latest News Planning & Economic Development Political Economy Revenue Solid Minerals Technology

World Bank To Partner FG On Mining Sector Devt

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 […]

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Africa Accounts For Only 3% Of $25.3Trn Global Trade – AfDB

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 […]

Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Solid Minerals Technology Telecomms

FG Seeks N35Bn To Revitalize Moribund Ajaokuta Steel Firm

…..Proposes N4.5Bn Allocation To Firm In 2024 Fiscal Year The Minister of Steel Development, Shuaibu Audu, has initiated moves to source N35 billion from financial institutions to revive the moribund Ajaokuta Steel Company. Audu, in a statement on the latest funding move by the government issued by the ministry’s Chief Information Officer, Tine-Iulun Maureen, was […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Solid Minerals

FG Urges Investors To Explore Solid Minerals Sector’s Opportunities

The Minister of Solid Minerals Development, Mr Dele Alake, on Tuesday urged foreign investors to take advantage of low cost of production in Nigeria’s mining sector and invest in it for huge returns. Alake, in a speech delivered at the Mines and Money Conference held in London, said the President Bola Tinubu-led administration was currently […]

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Tinubu Presents N27.5Trn 2024 Proposed Budget To National Assembly

President Bola Tinubu on Wednesday presented an Appropriation Bill of N27.5 trillion for  fiscal 2024 to the National Assembly for passage. Presenting the proposed budget tagged “Budget of Renewed Hope” to the joint session of the National Assembly, the President explained that the key thrusts of the fiscal proposal were national defence, internal security, job […]

Budgeting Crime & Judiciary Matters Fiscal Law & Act Latest News Planning & Economic Development Political Economy Revenue Solid Minerals Technology

FG Revokes 1,633 Mining Licences, Warns Illegal Miners

The Federal Government on Tuesday announced the revocation of 1,633 mining licenses due to default in payment of stipulated service fees by operators. The Minister of Solid Minerals Development, Dr. Dele Alake, who made the announcement during a press conference in his office in Abuja, explained that the revocation becomes imperative following the expiration of […]

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Economy: Experts Forecast 1.54% GDP For Nigeria In Q4

….As PMI Dips To 49.1% In October Economists at CAPE Economic Research and Consulting firm have predicted that in the medium-term Nigeria’s economic output growth (Gross Domestic Product) growth rate would moderate to 1.73 percent in the 5rd quarter and dipped further by 0.02 percentage points to 1.54 percent in Q4 this year. The experts, […]