The House of Representatives Committee on National Agency on Food, Drugs Administration, and Control (NAFDAC), has advised the agency to suspend the enforcement of its recent ban on sale of spirits and alcoholic drinks in sachets and pet bottles. The committee’s advice was based on the need for the Legislature to conclude its investigation on […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has assured the management of the Digital Bridge Institute (DBI) of the commission’s readiness to give it necessary support in the current drive towards the full digitalization of the nation’s economic system. Maida made this promise during his inspection visit to the […]
President Bola Ahmed Tinubu has approved the appointment of new management teams in agencies under the Federal Ministry of Communications and Digital Economy as part of his current initiatives aimed at strongly positioning the agencies for improved performance and contributions to Nigeria’s economic growth. The Special Adviser to the President on Media and Publicity, Chief […]
The Federal Government on Thursday announced the ban on exportation of Liquefied Petroleum Gas (LPG) also known as cooking gas, as part of its current efforts to boost domestic supply volume and crash the commodity’s surging price nationwide. The Minister of Petroleum (Gas), Ekperikpe Ekpo, who made this disclosure at the ‘Internal Stakeholders’ workshop with […]
Africa Finance Corporation (AFC) the continent’s leading instrumental infrastructure solutions provider, today signed an equity investment term sheet at the inaugural AMCE African Health Forum in Abuja, pledging up to US$40 million towards the construction of the African Medical Centre of Excellence (AMCE) Abuja hospital. The 500-bed medical health facility is currently being developed by […]
The African Development Bank has committed $80 million in loan financing to the Ekiti Knowledge Zone (EKZ) project aimed at transforming the region into a hub for digital innovation and knowledge economy. Spanning 40 hectares of land, the Ekiti state-led pioneering special economic zone project is designed to foster linkages between educators, researchers, innovators, entrepreneurs, […]
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 […]
Nigeria’s Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, will on May 14-15 this year speak at the Invest in African Energy (IAE) forum scheduled for France to outline investment opportunities in Nigeria’s gas sector, drawing attention to exploration prospects and infrastructure requirements. The IAE 2024 is an exclusive forum designed to facilitate investment […]
Gallagher Re, a reinsurance broker, anticipates a surge in investments in cyber catastrophe bonds in 2024, following the successful launch of Polestar Re Ltd. (Series 2024-1) in December 2023. PoleStar Re was the first full 144A cyber catastrophe bond for specialty re/insurer Beazley. Gallagher Securities’ served as the sole structuring agent and bookrunner, with support […]
….Initiates Moves On Automation Of BDCs The Association of Bureaux De Change Operators of Nigeria (ABCON) has described the ongoing clampdown on and arrest of illegal foreign exchange (FX) dealers across the country as a welcome development capable of improving the efficiency of the FX operations in the parallel and official markets. The National President […]