The Nigerian Communications Commission (NCC) has awarded N30 million prize to three startups at the grand finale of its three-day 2023 Talent Hunt Research through the Hackathon to enhance their research capabilities. The commission’s Executive Commissioner of Technical Services, Ubale Maska, who was represented by NCC’s Director of Research and Development, Ismail Adedigba, said the […]
Economists at the Centre for the Study of Economies of Africa (CSEA), a leading Afro-focused economic research consulting firm, have canvassed the need for the fiscal, monetary and economic planning authorities in Nigeria to synergize their policies as a strategic option of achieving a stable exchange rate for the Naira in the foreign exchange (FX) […]
The African Development Bank (AfDB), alongside the Islamic Development Bank (IDB) and the International Fund for Agricultural Development on Thursday disclosed that they had approved an additional $1 billion to support special agro-industrial processing zones in 24 states of Nigeria. A statement issued by the Senior Special Assistant to the AfDB President, Media and Communications […]
The Accountant General of the Federation (AGF), Mrs Oluwatoyin Madein, has declared that the Federal Government will no longer pay for yet-to-be-awarded projects. Madein, who made this declaration on Thursday during the opening of a one-day capacity-building programme tagged: “Implementation of the Cash Plan Policy in Nigeria: Prospects and Challenges” in Abuja, also stressed that […]
The Nigeria Deposit Insurance Corporation (NDIC) has commended the Judiciary on its better understanding of the deposit insurance practice in the current drive towards promoting stability in the nation’s financial system. The corporation’s Managing Director/Chief Executive, Mr. Bello Hassan, gave the commendation in his welcome address at the 2023 Sensitization Seminar, organized by the corporation […]
The Delta State Executive Council has proposed a budget of N714.4 billion for the 2024 fiscal year. The state’s Commissioner of Economic Planning, Mr. Sunny Edekeyan, who made this disclosure after the executive council meeting in Asaba, the state capital, said that in the draft Appropriation Bill soon to be laid before the state’s House […]
Users of Liquefied Petroleum Gas (cooking gas) in the country paid higher for the commodity in September when compared to the prices they paid in the preceding month, the National Bureau of Statistics (NBS), has reported. The statistics agency, in its ‘September 2023 Liquefied Petroleum Gas (LPG) Price Watch’ report published on Thursday, disclosed that […]
The Naira appreciated against the US dollar at the official market on Wednesday, closing at NGN801.10/$1 at the end of the day’s trading session. The local currency’s appreciation in exchange value at the official market represents a 5.83% increase from the N847.77/$1 it traded at the close of the previous day’s session. According to data […]
Ogun State Governor, Prince Dapo Abiodun, has reiterated the focus of his administration to provide qualitative governance for the people of the state. Giving the assurance while speaking during the citizen’s engagement on the 2024–2026 Medium Term Expenditure Framework (MTEF) and the 2024 budget at Ijebu-Ode, the governor said he would create enabling environment for […]
The Federal Government may soon impose excise tax penalties on foreign exchange FX transactions in the black market as part of its current measures to discourage multiple foreign exchange (FX) rates in the country. The fiscal measure is one of the recommendations of the Presidential Fiscal Policy and Tax Reform Committee, established in July this […]