The Nigerian Communications Commission (NCC), in keeping with its responsibilities under the enabling law, the Nigerian Communications Act (NCA) 2003, to manage Nigeria’s numbering resources, has announced new numbering format for fixed lines. A statement issued by the commission’s Director, Public Affairs, Reuben Mouka, disclosed that the process, Nigeria’s Fixed-Lines Numbering Format has changed from […]
The Nigerian Exchange (NGX) closed negative at the end of Thursday’s trading, leading to investors’ loss of N35 billion despite the growth in the volume of traded stocks. Available data from the Nigerian Exchange Limited (NGX) on the trading trend showed that the All-Share Index (ASI) traded 0.09% lower to close at 68,271.14 index points […]
…becomes first state-owned oil firm to sign Initiative The Nigerian National Petroleum Company Limited (NNPCL) has signed the United Nations Global Compact Letter of Commitment as a participant at the ongoing 78th United Nations General Assembly (UNGA) in New York, United States. The company confirmed its signing for the global initiative letter in a statement […]
President Bola Tinubu has advised foreign investors to explore for good returns the opportunities in the Nigerian economy through investments. Tinubu made the appeal on Wednesday in New York, when he rang the NASDAQ’s closing bell as part of the proceedings at the Executive Business Dialogue in the United States. Speaking at the event, the […]
The Central Bank of Nigeria (CBN) has announced the postponement of its 293rd Monetary Policy Committee (MPC) meeting, earlier scheduled for Monday and Tuesday next week. The CBN’s Director of Corporate Communications, Dr. Isa AbdulMumin, stated that a new date would be announced for the very important meeting in which members of the committee, including […]
…..says NNPCL remits no money to Federation Account ……..NNPCL’s Mgt debunks allegation The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has disclosed that the total sum of N5,244,037,636,561.60 accrued into the Federation Account in the first half of this year based on figures from the monthly reports of the Federation Account Allocation Committee (FAAC) […]
The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has promised that the Bureau will provide technical support and knowhow to assist the Jigawa State Government to optimise its assets and identify key areas where Public Private Partnership (PPP) can make tangible impact on the state’s economy. The Director-General gave this […]
The World Bank has predicted that the recent military takeover of government in Niger Republic will likely mount additional pressure on the region’s food markets, with the attendant implications for rising prices for food items. The Washington D.C-based development finance institution made this forecast in its September Food Security update and the bank’s response to […]
As scores of financial technology (Fintech) start-ups in Nigeria continue to rev up their capitalization drive for improved operational presence in Africa’s economies, Fixit45, an Autotech startup, has raised $1.9 million in equity and working capital targeted at expanding its operations to East Africa. Information on the firm’s funding initiative indicated that the pre-seed round […]
Sustained efforts by the monetary authorities to stabilize the Naira exchange rates at the official and parallel markets appear to be yielding minimal results as the national currency continues its sliding trend over the past week on the back on the US dollar and other foreign currencies’’ scarcity. Available data from the parallel market FX […]