The Chairman of the Senate Committee on Capital Market, Senator Ibikunle Amosun, has described the nation’s capital market as crucial to current efforts to grow the economy in view of its strategic position in raising capital for bridging the widening infrastructure gap. Amosun made this remark during the budget defense by the Securities and Exchange Commission (SEC) […]
The Rice Farmers Association of Nigeria (RIFAN), has signed a Memorandum of Understanding (MoU) with Tiamin Rice company for processing and sale of rice to local and international markets. The deal was confirmed in a statement issued by the Deputy Managing Director, Tiamin Rice company, Mr Aliyu Ibrahim, on Wednesday in Abuja The rice processing […]
The Managing Director of Federal Mortgage Bank of Nigeria (FMBN) Mr. Hamman Madu, has commended Nigerians in diaspora over foreign currencies remittances to the country, saying the monies have continued to help in boosting the nation’s economy over the years. The mortgage banker gave the commendation at the opening session of the 3-Day 5th Nigeria […]
The Federal Government has promised that disbursement of the last tranche of the $1.5bn World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme, will be received by state governments within the next few weeks. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, made this disclosure during an event organized by her […]
Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Professor Umar Danbatta, has said that ongoing efforts by the Commission to auction available spectrum for 5G services in the country is primarily driven by the pursuit to advance digital services and enhance quality communications infrastructure for the benefit of the citizenry, and not by […]
The Centre for the Promotion of Private Enterprise (CPPE), a leading organized private sector advocacy groups in the country, has advised the Federal Government on sundry areas requiring its intervention in order to frontally tackle the surging inflation rate in the country. The Founder/Director General of the group, Dr. Muda Yusuf, in a statement issued […]
Phillips Consulting Nigeria, one of Nigeria’s leading economic research and investment consulting firms, in its ‘Nigeria’s Aviation Industry: Customer Satisfaction Survey Report 2022’ just published, has identified airlines’ safety standards, pricing affordability and timeliness of flights as among the key criteria air travellers in the country are considering before choosing airlines for travels. In the […]
The Senate on Wednesday resolved to support the move by the Central Bank of Nigeria (CBN) to redesign high denominations of the national currency, describing the monetary policy move as desirable to the nation’s financial system. The red chamber’s decision was sequel to its resolution on a motion on the policy by the Chairman, Senate […]
UTM Offshore will tomorrow, November 16, in London sign an agreement for the Front-End Engineering Design (FEED) for Nigeria’s first Floating Liquefied Natural Gas (FLNG) facility with engineering firms KBR, JGC Corporation and Technip Energies. A news report from African Press Organisation (APO) Group on the deal indicated that having signed an agreement to co-finance […]
Airtel Africa, one of the bidders for the 3.5GHz spectrums auctioned by the Nigerian Communications Commission (NCC) in December last year, has requested for administrative assignment of one of the two remaining 3.5GHz spectrum lots to it at the reserve price of $273.6 million. The telco made the request on Tuesday during a stakeholder event […]