FocusEconomic Analysts Forecast 2.8% GDP Growth for Nigeria in 2023 Despite Fuel Subsidy Removal
According to the August 2023 FocusEconomics Consensus Forecast report, Nigeria’s economy is projected to expand by 2.8% in 2023 and…
Day: July 21, 2023
NECA Raises Concerns Over Rising Inflation and Public Debt in Nigeria
The Nigeria’s Employers Consultative Association (NECA) has voiced apprehension about the country’s surging inflation and burgeoning debt, stating that these…
Nigerian Pension Assets Rise by N2tn in First Half of 2023
Assets under the Contributory Pension Scheme in Nigeria experienced a significant boost, surging by approximately N2tn in the first half…
Dana Air to Train Over 50 Corps Members and Interns as Part of CSR Initiative
Dana Air, a prominent Nigerian airline, has unveiled a comprehensive Corporate Social Responsibility (CSR) program aimed at absorbing and training…
Nigeria Advances Indigenous Floating LNG Project with Heads of Terms Agreement
In a significant move towards strengthening its energy sector and reducing carbon emissions, the Nigerian National Petroleum Company Limited (NNPCL)…
Nigerian Government Records Highest Revenue Allocation in June 2023, Shares N907.054bn
In what is described as a revenue windfall, Nigeria’s federal, state, and local government councils shared a total of N907.054…
Federal Government Faces Revenue Shortfall from Gas Flaring Penalties
The Federal Government recorded a revenue shortfall of N13.33 billion in January and February 2023 from gas flaring penalties issued…
Fidelity Bank to Raise Additional Capital through Public Offer and Rights Issue
Fidelity Bank plans to seek approval from its shareholders to raise additional capital through the issuance of 13,200 billion ordinary…
Rising Maize Prices Threaten Poultry Farms in Delta State, Nigeria
The soaring cost of maize, a major component of poultry feeds, is leading to the closure of farms in Delta…
Dangote Cement Repurchases N41.2 Billion Worth of Shares in Share Buyback Program
Dangote Cement Plc has bought back approximately N41.2 billion worth of its shares from open transactions at the stock market.…
NOVA Merchant Bank Unanimously Approved for Transition to Commercial Banking”
Shareholders of NOVA Merchant Bank have given their unanimous approval to transition the bank into commercial banking during its 6th…