The Federal Government has taken its social intervention campaign under the ‘Trader Moni’ scheme to Jigawa State with the initial sum of N300 million ready for disbursement to thousands of traders in the state. Altogether, a total of N1.5 billion has been earmarked for on- lending through Unity Bank to about 35,000 Jigawa petty traders […]
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has charged foreign investors to consider Nigeria as their investment destination in view of its promising returns. Baru, who made the appeal at the 10th World Energy Capital Assembly in London, United Kingdom, described Nigeria as one of the best investment destinations […]
The Executive Vice- Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, has disclosed the suspension of the allocation by the commission of frequency spectrums that are likely to be approved by the International Telecommunications Union (ITU) for 5G network services. Danbatta, who gave this hint on Tuesday at a Stakeholders Consultative Forum in […]
Operating businesses in the country have projected a rise in inflation and borrowing rates this month and also a growth in confidence in macro economy as the fiscal year gradually inches to an end. The views of the enterprises were captured in the Central Bank of Nigeria’s (CBN’s) ‘Business Expectation Survey’ report for November 2018, […]
Apparently convinced about the inability of the contractor handling the Lagos-Ibadan railway project to meet the December 2018 target earlier set for its completion, the Minister of Transportation, Mr Rotimi Amaechi, on Tuesday ordered the company – Chinese Civil Engineering Company (CCECC) – to ensure that the train becomes operational before the presidential election scheduled […]
President Muhammadu Buhari on Tuesday urged all Auditors-General to support the Federal Government’s fight against corruption in the country to improve the country’s public finance efficiency and facilitate broad-based national development. The President, who gave the charge at the 2018 Conference of Auditors-General in Nigeria in Abuja, said that tremendous achievements had been recorded in […]
The Central Bank of Nigeria (CBN) at the weekend disclosed that the Anchor Borrowers’ Programme had created 2.5 million jobs since its implementation started in 2015. Giving this hint during the annual bankers’ dinner in Lagos, the apex bank governor, Godwin Emefiele, disclosed that as at October 2018, a total number of 862,069 farmers, cultivating […]
The Securities and Exchange Commission (SEC) on Monday launched the Green Bonds Issuance Rules, following series of engagements with stakeholders and capital market operators on how governments could raise funds through the instrument . The Commission has over the past months collaborated with the Green Bonds Market Development Programme, supported by the Climate Bonds Initiative […]
The World Bank on Wednesday projected that Nigeria’s GDP growth would hover slightly below 2% in 2018, largely driven by non-oil industry and services. The latest projection was reported in the the World Bank Nigeria’s bi-annual Economic Update titled Investing in Human Capital for Nigeria’s Future Specifically, the report stated that, Nigeria, like many other countries, […]
The Kaduna and Kano State governments through their Boards of Internal Revenue have taken some federal government agencies to the North West Zone of the Tax Appeal Tribunal, sitting in Kaduna for failure to remit taxes to them. Specifically, the Kaduna State Board Of Internal Revenue, (KSBIR) on Wednesday, the 28th of November 2018, the dragged […]