MTN Nigeria Communications Plc has announced the completion of its series 10 commercial paper issuance under an upsized N250 billion commercial paper issuance programme. The company, in its Notice to the Nigerian Exchange Limited, signed by the Company Secretary, Barr. Uto Ukpanah, said that the telecom operator was seeking to raise N72.1 billion with the […]
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 […]
Researchers at CAPE Economic and Research Consulting firm, a leading economic research and analytics company, have projected that Nigeria’s Gross Domestic Product (GDP) growth rate may moderate at 2.11% in the fourth quarter of this year amid sustained macroeconomic headwinds. The analysts, in the firm’s latest Economic Newsletter Volume 2, Issue 11, November 2023′ report […]
The Nigeria Data Protection Commission (NDPC) has launched the Nigeria Data Protection Strategic Roadmap and Action Plan (NDP-SRAP 2023-2027). expected to create about 500,000 jobs and generate more than N125 billion in revenues. The launch of the five-pillar NDP-SRAP was held concurrently with a capacity-building workshop on Data Privacy and Protection for Data Protection Officers […]
Apparently convinced that the current reform efforts of the President Bola Tinubu-led administration would impact the nation’s socio-economic system positively in the months ahead, the Central Bank of Nigeria (CBN) has projected that the rising inflation and foreign exchange (FX) rates would decline in 2024. Similarly, the CBN also predicted that there would be less […]
Delta State House of Assembly, on Thursday passed the 2024 Appropriation Bill of N724.9 billion about a fortnight after the state governor, Sheriff Oborevwori, laid it before the lawmakers for its passage. The passage of the Appropriation Bill followed the adoption of the report of the House Committee on Finance and Appropriation during plenary in […]
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Dr. Aminu Maida, has pledged that transparency will form the bedrock of his leadership as Nigeria’s chief telecom regulator as this will enable a solid foundation in building a resilient, accountable and efficient institution. Maida made the promise during a courtesy visit to the Minister […]
The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday told lawmakers in the National Assembly that the projections on crude oil production and price benchmark used for the 2024 budget computation were realizable. The Group Chief Executive Officer (GCEO) of the company, Mr. Mele Kyari, gave the assurance on Wednesday during an interactive session with […]
The African Development Bank Group (AfDB) on Tuesday announced its adoption of climate resilient debt clauses (CRDCs), thereby joining major creditors and international development banks at a COP28 session organized by the UK, Barbados and the InterAmerican Development Bank under the auspices of the Bridgetown Initiative. A news report from African Press Organisation (APO) Group […]
The World Bank has advised the Federal Government that to reap the benefits of the bold reforms and difficult but necessary economic adjustments currently being implemented by it, it is essential for it to sustain and fully implement the reforms and take complementary actions. The development finance institution in its December 2023 edition of the […]