Blog

News

Surveyors calls for action to curb quackery

The Association of Private Practicing Surveyors of Nigeria, a subgroup of the Nigerian Institute of Surveyors, has emphasized the urgent need for concerted efforts to combat the rising prevalence of quackery in the surveying profession. The surveyors, who spoke at the 2024 annual professional workshop and luncheon, themed “The Practice of Cadastral; Understanding The Technicalities, […]

News

Sanwo-Olu calls for environmentally-friendly real estate

Lagos State Governor Babajide Sanwo-Olu has underscored the significance of innovation, sustainability, and inclusivity in shaping the future of the real estate sector in Lagos. His remarks reflect a commitment to fostering a thriving environment that meets the evolving needs of the community while promoting responsible development practices. This was disclosed by Sanwo-Olu during the […]

Musk's SpaceX plans five travels to Mars in two years
News

Musk’s SpaceX plans five travels to Mars in two years

SpaceX is preparing to launch five uncrewed Starship missions to Mars within the next two years, according to CEO Elon Musk. In a social media post on Sunday, Musk confirmed that these missions are set to coincide with the next Earth-Mars transfer window, expected to open in two years. The success of these uncrewed missions […]

News

MPC expected to lower interest rates on Tuesday

Analysts are anticipating a potential shift in the Central Bank’s hawkish stance on the benchmark interest rate as the Monetary Policy Committee convenes for a two-day meeting today. Some financial analysts believe that, with inflation trending downward for two consecutive months, members of the MPC may be encouraged to consider marginal reductions in lending rates, […]

Over 50 per cent of Nigerian electricity users unmetered - NERC
News

Tariff hike looms as electricity subsidy hits N182bn

Electricity consumers on Band A feeders may soon face another tariff increase due to a sharp rise in the electricity subsidy provided by the Federal Government. Recent figures reveal that the subsidy surged from N102.30 billion in May to N181.63 billion by September 2024. In April, the Nigerian Electricity Regulatory Commission removed subsidies for Band […]

New SEC regulation to enhance transparency in bank recapitalization
featured News

New SEC regulation to enhance transparency in bank recapitalization

The Director-General of the Securities and Exchange Commission, Dr. Emomotimi Agama, has highlighted the impact of newly issued guidelines in boosting transparency during the ongoing banking recapitalization process. In a statement released on Sunday, Agama highlighted the importance of these guidelines in fostering increased participation from Nigerians and enhancing the overall clarity of the process. […]

The Federal Government, through the Debt Management Office, has announced plans to reopen two tranches of its savings bonds worth a combined N350 billion for public subscription.
News

Investors sell Nigerian bonds over fears of bad governance

Nigerian bonds experienced selloffs in the second quarter of 2024, as investors began to prioritize good governance over high yields. This is according to the Second-Quarter 2024 Report of the National Pension Commission. This trend indicates a broader shift in the risk appetite of global investors, especially within emerging markets. Despite attractive returns, concerns over […]

News

Manufacturers had negative confidence in Nigeria’s August economic Outlook – CBN

Manufacturers in Nigeria demonstrated a lack of confidence in the country’s economic outlook in August 2024, according to the latest Business Expectations Survey conducted by the Central Bank of Nigeria. The survey, which included responses from 1,600 business enterprises, found that while several sectors maintained an optimistic view of the economy, the manufacturing sector stood […]

featured

Shareholders contest Filmhouse Holdings’ proposed share sale to Trivos Films

Shareholders of Filmhouse Holding Limited, a key player in the movie cinema and film distribution sector, have initiated legal proceedings to contest a proposed sale of 37,765,000 ordinary shares, representing a 58.1% stake in the company, to Trivos Film and Media Limited for N4,917,843,707. The lawsuit, filed by aggrieved shareholder Cerrerera Investment Services Limited, claims […]

News

ICT powers nearly 90% of Nigeria’s GDP – Expert

The Chief Executive Officer of Open Access Data Centre Dr. Ayotunde Coker has revealed that Information and Communication Technology drives nearly 90% of Nigeria’s Gross Domestic Product, despite the sector officially contributing around 20% in Q2 2023. Dr. Coker disclosed this at the Nairametrics Industry Spotlight webinar, themed “Beyond Connectivity: Telcos and the Future of […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
News

FG to implement global standards for Inflation measurement, GDP reassessment

The Federal Government is reaffirming its commitment to adopting global best practices for rebasing the Consumer Price Index and Gross Domestic Product, as well as conducting the Nigeria Living Standards Survey. This was disclosed by the Permanent Secretary of the Ministry of Budget and Economic Planning, Dr. Vitalis Obi during a dialogue with experts on […]