Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Power/Electricity Revenue Technology

FG Targets 6,000MWTs To Improve Electricity Supply

The Federal Government has revved up its investment and policy moves to increase electricity megawatts from 4000 megawatts (MWTs) to 6,000 WHTs within the next three to six months to improve power supply. The Minister of Power, Mr Adebayo Adelabu, who made this disclosure on Monday during his meeting with the heads of power agencies […]

Budgeting Infrastructure & Capital Projects Latest News Oil & Gas Planning & Economic Development Political Economy Power/Electricity Revenue Technology

UK Energy Firm To Invest $18Mn In Nigeria’s Renewable Energy Projects

UK-based integrated energy development and investment company, Konexa, has achieved financial close on a combined $18 million investment to establish private renewable electricity trading platform and connect Nigeria Breweries Plc, its first client, to the grid. The funding for the renewable electricity project, which is supported by climate-centric blended finance fund manager Climate Fund Managers (CFM) […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Technology

Analysts Forecast Sustained Bullish Momentum In Nigerian Exchange

Investment researchers at Bancorp Securities Limited, a front-line investment research and consulting services firm in Nigeria, have predicted that trading sessions in the nation’s capital market this week would remain upbeat in view of the current macroeconomic factors shaping the trend of the economy. The analysts, in the firm’s ‘Weekly Stock Recommendation Mar 11 – […]

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Nokia Unveils New 25G PON Fiber Modem To Enhance Connectivity

Nokia, a leading player in the increasingly evolving global Information and Communications Technology (ICT) space, has announced the launch of a new symmetrical 25G PON fiber modem to further accelerate 25G PON deployments. News reports on the technology feat indicated that the compact solution can easily be installed on a wall, inside a building, or […]

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NDPC Seals Pacts With Lottery Commission, SMEDAN On Sectorial Regulation

The Nigeria Data Protection Commission (NDPC) has signed Memoranda of Understanding (MoU)  with the National Lottery Regulatory Commission (NLRC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), aimed at bolstering data protection initiatives across various sectors of the political economy. The NPDC’s Head, Media Unit, Itunu Dosekun, in a statement issued on […]

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Pension Fund Investment In Bonds Not Loan To Govt – PenCom D-G

The Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has defended investments made by Pension Funds Administrators (PFAs) under the Contributory Pension Scheme (CPS) as investments in Federal Government of Nigeria’s (FGN’s) securities rather than loans to government. She, therefore, refuted the milling rumour in the public space that the Commission gave N10 trillion […]

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Welfarist Policies Crucial To Bridging Nigeria’s Housing Deficit – Adesina

…As 49% Of Population Lives In Slums The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged the Nigerian government to urgently introduce welfarist policies needed to ensure all Nigerians have access to basic and affordable housing. Adesina, who gave the charge in his lecture at the occasion where he was honoured with […]

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PalmPay Launches Free Fund Transfer, Target Savings Products

PalmPay, a leading Africa-focused fintech platform, has unveiled two cost-saving financial products – Unlimited Free Transfer and Target Savings – for users of its app in its sustained drive for financial inclusion across Nigeria. With the new financial products, users of the PalmPay app can now enjoy unlimited free transfers to all banks in the […]

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FIRS Introduces Self-Registration Module On Tax-Pro Max Platform

In furtherance of its sustained drive to digitalize revenue collections at the federal level, the Federal Inland Revenue Service (FIRS) has introduced a self-registration module on the Tax-Pro Max platform. The revenue agency, in a public notice signed by its Executive Chairman, Dr. Zacch Adedeji, indicated that the initiative was part of reforms towards improving […]

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Global Market Capitalization Records Strong Recovery In 2023 – WFE

The latest report from the World Federation of Exchanges (WFE), the global industry group for exchanges and central clearing counterparties, has indicated a strong recovery in global market capitalization in 2023. The report attributed the impressive performance of the investment market to the improvement in the fundamentals of listed companies, complemented by some new listings […]