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 […]
The Commissioner for Insurance and Chief Executive Officer of the National Insurance Commission (NAICOM), Mr Olorundare Sunday Thomas, has unveiled seven new strategic thrusts for implementation by the commission in its sustained efforts to transform the insurance industry and its contributions to the nation’s Gross Domestic Product (GDP) in the next decade. The industry expert, […]
Researchers and investment experts at Bancorp Securities Limited, a leading investment research and consulting firm in Nigeria, have projected that the Nigerian Exchange (NGX) broad market sentiments will remain positive amid growing interest of foreign investors in Nigeria based on the President Bola Tinubu’s recent parleys with global stakeholders to attract investments into the country. […]
The United Kingdom (UK) government has pledge to help African countries expand their critical mineral supply chains – with a focus on promoting mineral exploration and processing, generating value-added activities and creating local jobs. The country made the pledge on Wednesday during the Critical Minerals Africa 2023 summit in South Africa to enable African countries […]
…Secures $4Bn Letters of Intent On Investments The National Agency for Science and Engineering Infrastructure (NASENI) and new Chinese partners signed three Memoranda of Understandings (MoUs) for new projects valued at $2 billion in the country. The Chinese companies that signed MoUs at a ceremony attended by Vice President, Kashim Shettima, on Thursday at the sidelines of […]
The European Union (EU) has promised to disburse 150 billion Euros from this year to 2027 through its Global Gateway initiative to Nigeria and other African countries to enhance infrastructure in over eight sectors. The EU Commissioner for International Partnerships, Jutta Urpilainen, made this disclosure during the launch of the Global Gateway initiative on Thursday […]
The Nigerian National Petroleum Company Limited (NNPCL) has reported that between October 7 and 13, 205 crude oil theft incidents were recorded across oil-producing locations in the Niger Delta region. The company gave these figures during its weekly ‘Energy and You’ series on the NTA News Network. According to the report, there were various illegal […]
Indications that current hardships of millions of Nigerians associated with the rising costs of foods, transportation and other basic needs may not abate soon were further validated on Wednesday as the Naira depreciated to an all-time record low of N1,100 to the US dollar at the black market. Investigations by our correspondent at some foreign […]
Global Multilateral Development Banks (MDBs) have reported that in 2022, they committed new record of $60.7 billion to climate finance in low-income and middle-income economies, representing an increase of 46% compared to 2019 investments. A new joint report by the MDBs indicated that out of the amount, $38.0 billion, or 63% was committed to climate […]