The Federal Government has inaugurated four Technical Working Groups (TWGs) to review and implement a strategic roadmap for the resuscitation of ailing privatized enterprises in the Automobile, Housing (Bricks and Clay), Mines and Steel and Oil Palm sectors of the nation’s economy. Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, while […]
The Debt Management Office (DMO) has announced two new Federal Government of Nigeria (FGN) savings bonds offer at N1,000 per unit for September. According to the notice on the DMO website issued on Monday regarding the latest offer, the first one is a two-Year FGN savings bond due in Sept. 14, 2024, at interest rate […]
The Nigeria Export Processing Zones Authority (NEPZA) on Monday disclosed that it had opened discussions with crypto exchange, FX Binance, for the purposes of creating a virtual free zone for blockchain development in the country. The authority’s Managing Director, Prof. Adesoji Adesugba, was quoted as confirming that already preliminary meetings with the cryptocurrency exchange team […]
The House of Representatives Committee on Commerce has commended the Corporate Affairs Commission (CAC) for the transformational processes it introduced in the nation’s corporate registry system and the attendant benefits to the country. The commission’s Head of Media unit, Mr Rasheed Mahe, in a statement on Monday indicated that the lawmakers, led by Hon. Femi […]
Researchers at Bancorp Securities Limited, one of Nigeria’s economic research and consulting firms, have projected continued doused momentum in the nation’s equities market but then expect investors to marginally gain driven following the release of some of the major banks’ H1’ 2022 earnings. The experts, in the firm’s ‘Weekly Strong Recommendations: Sept 5th –Sept 9th […]
—-as Reps, Customs query daily subsidy claims by coy The Nigerian National Petroleum Company Limited (NNPC Ltd) has reacted to allegations of fraud in the fuel subsidy regime, saying it is prepared to open its books for a forensic audit of fuel supply and subsidy management over the past years. The company, in a […]
The The World Bank Group (WBG) has expressed its readiness to help in increasing assistance to Nigeria’s poor and vulnerable. Nigeria’s Vice President, Prof. Yemi Osinbajo, in a tweet on Friday, said he met with WBG President, David Malpass, and discussed a wide range of issues relating to climate, energy, investment, exchange rate, and poverty […]
The National Bureau of Statistics (NBS) reported at the weekend that the aggregate Value Added Tax (VAT) collected in the second quarter this year rose to N600.15 billion, representing 1.96 percent growth over N588.59 billion accruals from the revenue source in the preceding month. The Bureau, in its latest published ‘VAT Q2 2022 Report’, indicated […]
The Nigerian Communications Commission (NCC) reported that over 50,000 cases of major damages to telecom infrastructure and facilities were recorded across the country in the past five years, raising alarm over the implications of the unsavoury incidents to the quality of telecommunications services in the country. The Executive Vice Chairman (EVC) of the NCC, Prof. […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has unveiled plans to establish Business Information Centres in all the 774 Local Government Areas (LGAs) as part of its sustained drive to further positively impact on small and medium enterprises’ operations nationwide The agency’s Director General, Mr. Olawale Fasanya, gave this hint on Thursday […]