Ogun State Government has expressed its desire to collaborate with the National Council on Transportation, neighbouring states, development partners like the UK-Nigeria Infrastructure Advisory Facility and multilateral institutions like the World Bank, to actualise the vision for seamless multimodal transportation in the state. The State Governor, Prince Dapo Abiodun, disclosed this during the opening ceremony […]
….Lagos Attracts 65.35% Of Capital Inflows The National Bureau of Statistics (NBS) at the weekend reported that Nigeria’s total capital importation value in the fourth quarter of last year marginally increased to $1.088 billion, slightly higher than the $1.060 billion recorded in Q4 2022 and represented a 2.62% year-on-year increase. But then, the statistics agency […]
Investment researchers at Bancorp Securities Limited, a leading investment research and consulting firm, have projected that trading on the Nigerian Exchange (NGX) this week would be bullish as Banking and Service sectors stocks attract investors’ interest. However, the experts in the firm’s ‘Weekly Stock Recommendation: Feb 19- Feb 23’ circulated to our correspondent noted that […]
The African Guarantee Fund (AGF), a leader in promoting financing of Small and Medium-sized Enterprises (SMEs) across Africa and FSD Africa, a pioneering development agency committed to reshaping Africa’s long-term financial landscape, have signed a strategic collaborative pact aimed at propelling the growth of Green SMEs by providing critical financial support, technical assistance, and capacity […]
The Federal Government on Monday announced the launching of its ‘Project 774 LG Connectivity’ to foster inclusive development, promote access to digital public infrastructure, and create 300 direct jobs. The Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, who made the disclosure via his X handle, said that the implementation of the project […]
The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]
The Federal Inland Revenue Service (FIRS) has unveiled plans to meet with the Central Bank of Nigeria (CBN) and Ministry of Works this Friday with a view to reviewing about N2.59 trillion tax credit scheme for road repairs and construction in the country. The Chairman of the federal revenue service, Dr. Zacch Adedeji, during a […]
The Central Bank of Nigeria (CBN) has raised the foreign exchange (FX) rate for the clearance of goods from N1444.56/$ to N1515.09 against the one United States dollar (USD), representing an increase of N70.53 compared to the prior rate. Before the latest adjustment of the rate, the single-window trade portal of the Nigeria Customs Service […]
Yellow Card, the largest and only licensed stablecoin on/off ramp on the African continent, is set to introduce USDC, a digital stablecoin on the Stellar network, an open-source decentralised blockchain network, revolutionising cross-border payments, remittances, and treasury management globally. The initiative is coming as Africa slowly inches towards widespread adoption of digital assets, thereby becoming imperative […]
The Federal Government has announced its partnership with the World Bank Group to raise $3 billion for expansion of broadband infrastructure in the country. The project involves laying additional 120,000km of fibre optic cables across the country. The Minister of Communications, Innovations, and Digital Economy, Dr. Bosun Tijani, who made this disclosure at stakeholders meeting […]