The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh has clarified why Federal Government decided to concession the Calabar and Kano Free Trade Zones (FTZs), saying that the initiative will catalyse businesses in the West African sub-region through strategic production of goods and services in order to optimize the vast potential […]
The Association of Bureaux De Change Operators of Nigeria (ABCON) has unveiled a roadmap to designed to forestall sustained exchange rate instability of the Naira with a view to ensuring the currency’s exchange rate stability and by implication, enhance its value-addition to the economy. The association made this disclosure on Thursday in a statement issued […]
Gobet247, a Nigerian technology-powered company in the betting industry, is set to launch its operations in the country on May 14 with a commitment to rewarding the passion of Nigerians by creating a world-class and hassle-free experience for the betting populace. The company assured that with more bonuses, great odds and instant payouts, it would […]
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have strengthened their collaboration by setting up a joint committee of senior and management staff of the two agencies towards the implementation of inter-agency strategies for enhancing national revenues in the telecommunications sector. The NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, inaugurated the […]
The Nigerian Ports Authority (NPA) on Wednesday disclosed that 10 ships loaded with Premium Motor Spirit (PMS), also known as petrol, bulk wheat, base oil, general cargo, bulk fertilizer and bulk sugar had arrived Lagos ports to finally berth. The port regulator also hinted that another 20 ships at the ports were discharging fuel, bulk […]
The National Bureau of Statistics (NBS), on Wednesday reported that Nigeria’s Gross Domestic Product (GDP) grew by 3.98 percent in the fourth quarter of 2021 compared to the 4.03% recorded in the preceding quarter The national statistical system coordinating agency gave these figures in its ‘Nigerian Gross Domestic Product Report (Expenditure and Income Approach) for […]
The International Labour Organization (ILO) has reported that annual rate of inflation worldwide, as measured by the consumer price index (CPI), rose to 9.2 percent in March 2022, up from 7.5 percent in the preceding month. The rates were 6.8 percent in January 2022 and 6.4 percent in December 2021. The global labour organization noted […]
….Airtel Nigeria accounts for 40% of telecom group’s revenue Airtel Africa Plc, has released its full year audited financial statement which indicated that the telecommunications group grew its revenue from $3.89 billion in 2021 to $4.71 billion in the current period, representing a 21.3% growth year-on-year. The financial statement showed that the telecom group’s net […]
Nigerian identity verification startup, Identitypass, has raised a new $2.8 million seed funding to deepen its business services in Africa. Founded by Lanre Ogungbe, Niyi Adegboye and Ebuka Obi, the two-year-old startup launched a SaaS platform in addition to its APIs. The software was built to enhance its growth scale and excel among its competitors […]
West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration. The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from 9 to 20 May. The […]