The African Development Bank (AfDB) has signed a €362,000 grant agreement with Hadejia Jama’are Komadugu Yobe Basin-Trust Fund to prepare additional studies under the second phase of developing a strategic plan for managing water resources in the Komadugu-Yobe Basin in Northern Nigeria. Specifically, the grant will support the preparation of a Resettlement Action Plan (RAP) […]
The United Kingdom government has concluded arrangements to introduce a new visa route for startup and innovation entrepreneurs looking for opportunities to relocate to and start their businesses in the country. The startup and innovator visa, which will take off from 13th April this year, is available to international entrepreneurs that meet the issuance requirements. […]
The Federation Account Allocation Committee (FAAC) has shared a total sum of N722.677 billion from the federation account revenue to the federal, state and local governments in February this year. The communiqué issued at the end of the FAAC meeting for March 2023 indicated that the N722.677 billion total distributable revenue comprised statutory revenue of […]
The Naira depreciated by 0.27% in value at the parallel market on Wednesday, to trade at an average rate of N750/S1 compared to the N748/$1 it traded the previous day. Some FX dealers attributed the depreciation to low demand for the US dollar as business activities remained low nationwide. Also, the Naira depreciated by 0.06% […]
The African Development Bank’s (AfDB’s) representatives today opened high-level talks with governments, heads of business and development partners to explore ways to channel more investment into Africa’s water and sanitation infrastructure, as well as to discuss necessary policy reforms. The bank joined leading global stakeholders in calling for universal water security for Africans during the […]
AIDS Healthcare Foundation (AHF), a global non-profit organization providing cutting-edge medicine and advocacy to over 1.7 million people in 45 countries worldwide, has charged the Nigerian and other governments globally on the need for improved funding of Tuberculosis (TB) to save humanity from millions of lives being lost yearly to the scourge. The group gave […]
The Central Bank of Nigeria (CBN) on Tuesday disclosed that disbursements to farmers and beneficiaries in the agricultural value chain under the Anchor Borrowers Programme (ABP) this year stood at N12.65 billion. The apex bank governor, Mr. Godwin Emefiele, made this disclosure when briefing journalists of the decisions taken during the 290th Monetary Policy Committee’s […]
The International Monetary Fund (IMF) and the European Commission (EC) have advised African leaders on the need to improve revenue generation, preserve debt sustainability and provide more consessional funding to reduce the current constraints on their countries given the high level of debt and fiscal constraints militating their developmental initiatives. The Breton Woods finance institution’s […]
As the Federal Government continues its fiscal reform drive targeted at boosting the nation’s non-oil sector revenue, the Minister of Communications and Digital Economy, Prof Isa Pantami, disclosed on Tuesday that President Muhammadu Buhari had approved the exemption of the digital economy sector from the proposed 5% excise duty payment. The minister, who gave this […]
The Naira appreciated in its exchange rate against the US dollar on Tuesday at the parallel market, to trade at an average rate of N748/$1 compared to the N751/$1 it traded the previous day representing 0.40% appreciation. Some FX dealers attributed the appreciation of the Naira to improving business climate after the Presidential, governorship and […]