Bancorp Securities Limited’s experts have projected a slight reduction in negative sentiment in the nation’s equities market this week as investors would hand-pick relatively attractive stocks The firm’s position on the trading trend this week at the equities market is contained in its ‘Weekly Stock Recommendations: Jun 27th – Jul 1st, 2022’ published on Monday. […]
The Nigeria Customs Service (NCS), Ogun 1 Area Command, reported that it seized contrabands worth N1.3 billion from May to June this year in Ogun State and its environs. The Area Comptroller, Bamidele Makinde, gave this hin on Monday during a press briefing on major highlights of the Command’s operations during the two-month period, in […]
The Federation Account Allocation Committee (FAAC) on Friday disclosed that the three tiers of government shared a total sum of N680.783 billion as federation allocation for the month of May 2022. The committee stated that out of the revenues generated in Gross Statutory Revenue, Value Added Tax (VAT) and Electronic Money Transfer Levy (EMTL), the […]
The Federal Government at the weekend said that it was making arrangements to train one million software developers in the country over the next 18 months as a strategic step towards enhancing the nation’s digital economy’s drive. The Minister of Communications and Digital Economy, Prof. Isa Ali Pantami, made this disclosure in his keynote address […]
…as kerosene price rose by 86.9% YoY, cooking gas up 89.3% The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s national statistical system, has reported that on the aggregate, consumers pay 88.11 percent more for kerosene and cooking gas year-on-year in May this year The agency, in its just published report titled ‘National […]
The Federal Government has restated its commitment to the development of infrastructure through Public Private Partnerships (PPP) in order to bridge the huge gap in the nation’s infrastructure base and by so doing, alleviate the challenges facing stakeholders in their strive to boost the country’s Gross Domestic Product (GDP). The Acting Director General, Infrastructure Concession […]
Nigeria’s commodities exchange, AFEX, has expanded its operations to Kenya, following a successful pilot phase in the East African country. To support the expansion initiative with funding, AFEX Fair Trade Limited (AFTL), has launched a $1 million loan programme that will allow farmers to gain access to seed and fertilizer for their crops and by […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, on Thursday said collaboration among telecommunications sector’s stakeholders was essential to successful deployment of 5G services in Nigeria. The industry regulator, who made this remark at the 90th Edition of the Telecom Consumer Parliament (TCP) hosted by the Consumer Affairs Bureau of […]
The management of the Nigerian Communications Commission (NCC) has announced the appointment of Mr. Reuben Muoka, an innovative journalist and consummate public relations practitioner, as its new Director of Public Affairs. With the latest elevation, Muoka takes over from the former head of the department, Dr. Ikechukwu Adinde, who has also been redeployed to assume […]
The National Bureau of Statistics (NBS) on Wednesday reported that Nigerian Railway Corporation (NRC) generated N5.70 billion revenue from passenger fares in 2021. The agency gave this figure in its ‘Rail Transportation Data for 2021’ report. According to the report, the generated revenue for the year under review is 226.44 percent increase or N3.95 billion […]