President Bola Tinubu on Monday removed the Executive Vice Chairman/CEO of the Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera, and the Director-General of the Bureau of Public Enterprises (BPE) from officer with immediate effect. The Special Adviser to the President (Media & Publicity), Chief Ajuri Ngelale, stated that the removal of the […]
BudgIT, one of the leading civic-tech civil society organizations championing transparency, accountability, and effective service delivery in Nigeria, has commended the Federal Government for taking a step toward transparency by publishing the 2024 proposed budget of Government-Owned Enterprises (GOEs) in the country. The CSO noted that the latest move by the government was partly in […]
The latest Stanbic IBTC Purchasing Managers Index (PMI) for Nigeria has reflected that the organized private sector (OPS) posted improved growth to 52.7 in December 2023, up from 48.0 recorded in the preceding month. However, despite the improved performance of the private sector, the business outlook of the economy for the new year ebbed to […]
The National Bureau of Statistics (NBS) has reported that Nigeria’s All-Commodity Group Import and All-Commodity Group Export Price indices increased in the third quarter of this year. In its ‘Commodity Price Indices and Terms of Trade (Q3 2023)’ report just published on its website, the Bureau indicated that the All-Commodity Group Import Index on average […]
Apparently miffed by the level of public’s handling and maintenance of Federal Government’s assets across the country, the Chairman, Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has expressed his concern about the detestable attitude in view of the costs to sustained drive towards Nigeria’s sustainable development. Oyedele, who spoke on his concern about […]
The President of the African Development Bank (AfDB), Dr Akinwumi Adesina, has again warned that the introduction of a carbon border tax by the European Union (EU) could push Africa back into exporting raw commodities and undermine its industrialisation gains. The European Union recently launched the initial phase of a Europe-wide carbon tax on imported goods […]
The Vice President and Chairman of the National Council on Privatisation (NCP), Sen. Kashim Shettima has inaugurated the newly re-constituted NCP with a charge to members to champion the road to the economic prosperity of the Nation. Inaugurating the Council at the State House in Abuja, Shettima advised the new members to fully embrace the […]
….Targets N298.4Bn Revenue The Bureau of Public Enterprises (BPE) on Tuesday hinted of its intention to sell remaining 40% shares of the Federal Government in electricity distribution companies (DisCos) and offer for listing other enterprises on the capital market in 2024. The Director-General of the Bureau Mr Alex Okoh, who made this disclosure this […]
The Central Bank of Nigeria (CBN) has extended the timeline for the issuance of Letters of Credit from 24 hours to five working days as foreign exchange (FX) scarcity continues to constrain business activities nationwide Also, the apex bank extended the timeline for the registration of Form M and NXP from 24 hours to two […]
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced a change in its board with the election of Gabriel Idahosa as President and Chairman of the Council. The Chamber’s Director General, Dr. Chinyere Almona, who made the disclosure during the Chamber’s 135th Annual General Meeting (AGM) in Lagos, said that Idahosa’s appointment was […]