The World Bank has explained why Nigeria, Ghana and some other countries refused to participate in a temporary suspension of debt service payments under its Debt Service Suspension Initiative (DSSI), saying the affected countries are concerned about future access to debt and credit-rating downgrades. The DSSI offered 73 IDA-eligible and least developed countries a temporary […]
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has maintained that the diversification of the Nigerian economy, though a work in progress, is on course. Nami, was quoted in a statement by his SA Media and Communication, Johannes Wojuola, as making this remark while speaking at the ‘Public Presentation and Breakdown of […]
The World Bank in a new report released on Monday stated that efforts by governments around the world to tackle the COVID-19 pandemic with massive fiscal, monetary, and financial stimulus packages further aggravated loc-income countries’ debt stock, rising by 12 percent to a record $860 billion in 2020. The Breton Woods institution noted that while […]
The Executive Vice Chairman (EVC) of the Nigerian Communication Commission (NCC), Prof. Umar Danbatta, has declared that three of the Commission’s regulatory instruments are set to offer enabling provisions that will help the country in tackling security and insurgency; as well as to enhance spectrum availability to facilitate the deployment of Fifth Generation (5G) technology. […]
Paramount ruler of Egbaland, His Royal Majesty, Oba Adedotun Gbadebo, on Monday commended the Nigeria Deposit Insurance Corporation (NDIC) for its commitment to Corporate Social Responsibility initiatives at the grassroots which, he noted, had positively impacted on the lives of the people and communities nationwide. The royal father made this remark during the Annual Alake […]
There are strong indications that the week-long International Monetary Fund (IMF) and World Bank Group annual meetings will kick off today amid anxieties among attendees as data-rigging allegations levelled against IMF Managing Director, Kristalina Georgieva, may impact the opening of meetings in Washington, D.C, United States. The meetings will be opened despite the fact that […]
One of Nigeria’s transparency advocacy organistions, Nigeria for All Nigerians (NAN), has charged the regulatory authorities to stop a likely violation of the Nigerian Investments and Securities Act by the impending listing by the introduction of the shares of Nigerian Exchange Group on the Main Board of Nigeria Exchange Limited with effect from October 13, 2021. […]
The National Biosafety Management Agency (NBMA), the agency mandated to regulate genetically modified products in Nigeria, has granted environmental approval for evaluation and open cultivation of TELA Maize in the country. A statement issued at the weekend by Communication Officer, African Agricultural Technology Foundation (AATF), West and Central Africa, Alex Abutu, indicated that TELA maize […]
Nasarawa State residents are in ecstatic mood as the commissioning of 330/132/3kV, 2x150MVA and 2x60MVA transmission sub-station in Lafia, is just some weeks away. The commissioning of the project is historic as it will be the first time that the state capital, Lafia and its environments would be connected to the national grid since the state’s […]
L-R: Founder/Chief Operating Officer, TAJBank Limited, Mr. Hamid Joda; Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr. Mele Kyari; and TAJBank Co-Founder/Chief Marketing Officer, Mr. Sherif Idi; when the bank’s management team paid a courtesy visit to the NNPC boss at the corporation’s headquarters in Abuja