Airtel Africa, one of the leading telecommunication services providers in Africa, has announced plans to buy back $100 million worth of its share from the Nigerian investment market from March this year The company, listed on the Nigerian Exchange (NGX), gave this hint on Thursday as it announced its 9-month financial report for the period […]
The Minister of Solid Minerals Development, Mr. Dele Alake, on Thursday said the Federal Government was yet to recover over N2 trillion debt from miners in the industry. The minister made this disclosure during his meeting with Licensed Minerals Holders and Laterite/Sand Operators Dealers in Kaduna State. Alake, who was represented at the meeting by […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has disclosed that about 81% of employed Nigerians are not in any productive sector of the economy. Oyedele, who gave this figure on Thursday at an Africa Trade and Investment Summit, said that while the unemployment rate in Nigeria remained […]
Ogun State Governor, Prince Dapo Abiodun, has inaugurated a 12-man committee of Ogun Invest Ambassador Network to create a robust and seamless working relationship between government and investors, for businesses to thrive. Abiodun, during the inauguration and orientation course for the ambassadors, at Ogun Invest Office, Isheri, in Ifo Local Government Area of the state, […]
Total customers of electricity in Nigeria rose to 11.71 million in Q3 2023 from 11.47 million in Q2 2023, showing an increase of 2.08% quarter-on-quarter, the National Bureau of Statistics (NBS) has reported. The statistics agency gave these figures in its ‘Nigeria Electricity Report (Q3 2023)’ published on Wednesday, January 31, on its website. The […]
Lagos State Government has said that it plans to allocate N550.689 billion, or 24.28% of its 2024 budget, to infrastructure development and maintenance. The Commissioner of Economic Planning and Budget, Mr Ope George, who made this disclosure during the state’s ‘2024 Budget Analysis’ held at Alausa Ikeja, listed some of the key projects as including […]
The Central Bank of Nigeria (CBN) on Wednesday imposed limits on how much banks can hold in foreign currencies and expressed its concern about the growth of forex exposures on the lenders’ balance sheets following the sustained depreciation of the Naira against the US dollar and other foreign currencies over the past weeks. The NOP […]
The National Bureau of Statistics (NBS) has launched a new ‘Cost of a Healthy Diet’ (CoHD) indicator for the fourth quarter of 2023 in furtherance of its statutory mandate of providing evidence-based and timely statistical data for Nigeria’s sustainable development. The CoHD indicator was produced by the statistics agency in collaboration with one of the […]
….As Service Trains Officers On Harmonized System Coding The House of Representatives’ Public Accounts Committee on Tuesday queried officials of the Nigerian Customs Service (NCS) over alleged non-submission of audited financial statements for 2016, 2017, and 2018 financial years to the Auditor-General of the Federation. The Comptroller-General of Nigeria Customs Service (NCS), Mr. Adewale Adeniyi, […]
A Federal High Court sitting in Abuja on Tuesday adjourned a suit seeking to stop the imposition of an annual levy for a certificate of proof of vehicle ownership in the country till March 4, 2024. The Federal Government had in June 2023 introduced an annual fee of N1,000 payable by all motorists for Proof […]