The National Insurance Commission (NAICOM) has reminded the three tiers of government in Nigeria to factor into their yearly budgets funds that will provide insurance cover public buildings in line with the existing insurance law in the country.. The Commissioner for Insurance and Chief Executive Officer of the commission, Mr. Sunday Thomas, who gave the […]
….Rates Buhari’s Tenure As Challenging For Businesses, Nigerians An analyst at Morgan Stanley, one of the leading global investment banks, Steven Quattry, has predicted that current reforms by President Bola Tinubu to reposition Nigeria’s economy on the path of sustainable growth may lead to a strong increase in the nation’s annual income, despite the […]
The Nigeria Customs Service’s (NCS’) Seme Command has reported a N3.1 billion revenue from January–October 31, 2023, thereby surpassing its revenue target by N1.966 billion or 55.1% for the 2023 fiscal year. The command also facilitated the export of a total of 41, 867.88 metric tonnes of non-oil export products within the period, which comprise […]
The Federal Government on Thursday hinted of its plans to commence the construction of 34,500 housing units in the 36 states and the Federal Capital Territory (FCT). The Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, made this disclosure in his keynote address at the ongoing 12th Meeting of the National Council of […]
United Bank for Africa (UBA) Plc, one of Nigeria’s leading deposit money banks (DMBs) has restated its commitment to deepening intra-Africa trade to for regional self-reliance and economic development through its financing for up to US$6bn over the next three years to eligible businesses across the continent. The bank’s Deputy Managing Director, Muyiwa Akinyemi, made this […]
…Says Nigeria Still Unable To Meet Quota The Organization of Petroleum Exporting Countries (OPEC) on Monday reported that crude oil production by oil producing countries rose in October by 80,000 barrels per day (b/pd) compared to September output The oil cartel clarified that the output of the OPEC+ countries during the month, however, continued […]
….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, […]
President Bola Tinubu on Wednesday signed the N2.17 trillion 2023 supplementary budget. The signing of the Supplementary Appropriation proposal by the President followed its passage by both chambers of the National Assembly last week. The proposal, which was approved by the National Assembly, has now effectively become a law, making it possible for the federal […]
Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, has uncovered N8.6 billion payments to 26 contractors for 19 projects across nine states that had either been abandoned or not done at all. A report by the civil advocacy organization circulated to our […]
The NNPCL/Aiteo Joint venture has announced the introduction of Nembe crude oil grade, a new crude oil grade into the international crude oil market. The announcement of the introduction of the new crude oil grade produced by Aiteo, the operator of the NNPCL/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the […]