About 500,000 farmers and vulnerable people in Nigeria’s North-East zone can now access farming friendly and demand-driven financial services, following the partnership of First City Monument Bank (FCMB) with Mercy Corps, a frontline international aid organization, to sustainably improve their socio-economic wellbeing A bold and landmark intervention, the partnership supported by USAID-funded Feed the Future […]
The Lagos Chamber of Commerce and Industry (LCCI), one of Nigeria’s leading Organized Private Sector (OPS) groups, has described the latest report about Nigeria’s Gross Domestic Product (GDP) 5.01 percent growth in the second quarter of this year as desirable for current efforts of government to achieve sustainable growth of the nation’s economy. Trajectory The […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has reiterated the Bureau’s commitment to collaborate with relevant agencies to resuscitate moribund privatized enterprises. The Director General made the promise when he received the reports of the Federal Government’s four inter agency committees on the resuscitation of ailing/non- performing privatized public […]
The Nigerian Communications Commission (NCC), the nation’s telecommunications industry regulator, has reported that Nigeria’s data usage surged by 202.08 per cent in 2018-2020 three-year period. According to the subscriber/network data reports of 2018, 2019,and 2020 by the commission, the nation’s data usage rose from 68,154.12 terabytes in 2018 to 125,149.86TB in 2019 and 205,880.4TB in […]
President Muhammadu Buhari, who is also overseeing the operations of the Ministry of Petroleum Resources, has announced N287 billion profit after tax (PAT) for the Nigerian National Petroleum Corporation (NNPC) for the 2020 financial year. Buhari , who made the disclosure on Thursday in a statement by his Special Adviser on Media and Publicity, Mr. […]
President Muhammadu Buhari has approved the appointment of Mr. Simon Harry as the new Statistician-General of the Federation to head the National Bureau of Statistics (NBS). The new appointees succeed the out-going Statistician-General, Yemi Kale, whose second term tenure of five years expired on August 16. A statement issued by the Special Adviser, Media and […]
Nigeria’s Gross Domestic Product (GDP) rose to 5.01 percent (year-on-year) in real terms in the second quarter of 2021, marking three consecutive quarters in upward trends.. The National Bureau of Statistics (NBS) in its just released ‘Nigerian Gross Domestic Product Report – Q2 2021’ reflecting the performance of the economy stated: “The Q2 2021 growth […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has said that the Commission is fully prepared for the implementation of the government’s decision on 5G deployment. Danbatta, who commended the healthy competition in the telecommunications industry and the attendant downward trend in the prices of data in the country, gave […]
The Federal Government has restated its commitment to providing oil palm farmers with necessary supports to improve their productivity and make Nigeria a leading oil palm exporting country. The assurance was given by the Minister of Agriculture and Rural Development (FMARD), Muhammed Nanono on Wednesday during the rounding off a two-day capacity building for members […]
Barely 24 hours after Tax Appeal Tribunal (TAT) Lagos directed it to pay N900 billion (about $2.2 billion) which is 50 percent of a disputed N1.8 trillion ($4.38 billion) outstanding tax liabilities to the Federal Government relating to its previous years’ operations, MultiChoice Nigeria Limited has countered the order. The company, which is a division […]