According to FAO, a Food Crisis will Affect 25 million Nigerians by August 2023.
According to the Food and Agriculture Organization of the United Nations, between June and August 2023, 25. 3 million people…
Category: Local
Euro Zone Heading into Mild Recession.
The final composite S&P Global Purchasing Managers’ Index (PMI) for the euro zone, which is regarded as a reliable indicator…
Oikocredit Invest Debt in Solarise Africa.
Oikocredit has teamed up with the Facility for Energy Inclusion (FEI) and AfricaGoGreen (AGG), two funds run by the Lion’s…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate hikes between…
Ghana will Swap its Economic Debt to Regain its Stability.
Ghana will begin trading domestic debt, according to its finance minister Ken Ofori-Atta, who expressed optimism that the action will…
Nigerias Telecoms Subscribers Hit 214million.
In October, there were 214. 34 million active telecommunications subscribers. Since the country’s subscriber base peaked at 207. 58 million…
Oil-producing States Borrow N1.3tn Amid N6.4tn Windfall.
The total debts of nine oil-producing states rose from N2.04tn in December 2015 to N3. 35tn as of June 2022,…
Additional N1.55 trillion is Invested in Treasury Bills by Nigerian Banks.
Deposit Money Banks increased their holdings in Nigerian Treasury Bills by N1. 55 trillion between July 2021 and June 2022…
FIRS Grants TaxPro Max’s Outstanding Interest and Penalty Waivers.
According to the Federal Inland Revenue Service (FIRS), until December 31, 2022, all unpaid interest and penalties imposed on established…
NNPCL flares all of its gas output in September, making no money.
Nigerian National Petroleum Company Ltd, the country’s state oil company, flared 100% of its gas output in September and received…
Federal Government Declares NIN Required for Business Registration.
Nigerians would no longer be able to register businesses without the National Identification Number (NIN), according to the federal government.…
Nigeria’ House Of Reps Approve N308 billion Export Grant For 194 Companies
The House of Representatives has authorized the payment of a variety of sums totaling N308. 458 billion to 194 companies…
Insecurity: FEC Approves PPP for Satellite Internet Broadband.
The Research and Development of Satellite Internet Broadband Project, which would bring in N28 billion over a 15-year period, has…
Nigeria’s Total Pension Fund Assets Hit N14.5 trillion in October 2022.
At the end of October 2022, Nigeria’s total pension fund assets reached a record high of N14.59 trillion, up 1.14%…
Derivation Funds: Nigeria FG Allocated N1.98 trillion To States.
As part of the 13% backlog in oil derivation payments to oil-producing states, the Federal Government has paid out a…
AXA Mansard Insurance Company Increases Q3 Premium by 19%
The third quarter that ended on September 30, 2022, saw a 19% increase in Gross Written Premium for AXA Mansard…
We will keep Cracking Down on Ponzi Schemes – Nigeria’s SEC.
In an effort to stop the operations of Ponzi schemes, the Securities and Exchange Commission (SEC) has reassured the investing…
UN Reports the First Shipment of Russian Fertilizer Heads to Africa.
According to a previous export agreement negotiated by the UN, the first shipment of fertilizer made in Russia left the…
Kogi, China to Invest N591 billion, Create 685,000 Jobs.
The Kogi State Government and Chinese investors have signed a Memorandum of Understanding to provide technology security architecture for monitoring…
RMAFC, EFCC Discover $205 million in Unremitted Funds from Oil Firms.
Through collaboration with the Economic and Financial Crimes Commission, the Revenue Mobilisation Allocation and Fiscal Commission claims to have found…
Taxes on Beverages will Reduce Production and Income by 40%, According to Manufacturers.
The Manufacturers Association of Nigeria (MAN), has warned that the Federal Government’s proposed 20% Ad-Valorem Excise Tax on non-alcoholic Beverages…
Nigerian exporters were paid N81 billion by CBN.
The Center Bank of Nigeria (CBN) reported that it has given tenacious Nigerian exporters incentives totaling N81 billion. At the…
Nigeria’s Government is Relying on an Energy Transition Plan to Lift 100 million People out of Poverty.
The federal government has made the fulfillment of Nigeria’s Energy Transition Plan. A condition for achieving its goal of releasing…
Investors Rush As the Fed Government’s N100 billion Sukuk Closes.
The offer period for the federal government’s continuing sovereign Sukuk is coming to an end. Therefore, investors are scrambling to…
Exclusive: Exxon will leave Equatorial Guinea amid the Phase-out of Crude in Africa.
Exxon Mobil Corp (XOM. N) will cease oil production in Equatorial Guinea after its license expires in 2026 and depart…
The Ministry of Finance disputes budget padding.
Allegations that various ministries, departments, and organizations have padded their budgets have been disputed by Mrs. Zainab Ahmed, Minister of…
90% of Telecoms’ RoW Fees are Reduced by the FCT Minister.
According to Mohammed Bello, Minister of the Federal Capital Territory, the right-of-way fee for telecommunications companies wishing to install broadband…
Lekki Free Zone Company, NNPC, and NIPCO Reach Gas Infrastructure Agreement.
Since NIPCO Gas Limited signed an agreement with the NNPC Gas Marketing Limited (NGML) and Lekki Free Zone Development Company…
Ijarah Sukuk Funding Awarded to Pomegranate for N2.25 billion.
Through WealthBridge Capital Partners Limited, Pomegranate Nigeria Limited (PNL) has successfully raised N2.25 billion in Al-Ijarah Sukuk 3-year Note. To…