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FG’s 2024 empowerment budget, higher than health projects — Report

Tracka, BudgIT’s service delivery promotion platform that enables citizens to collaborate, track, and provide feedback on public projects in their communities, has disclosed that N732.5 billion in empowerment projects in the 2024 federal government capital and constituency projects is more than the N646.5 billion allocated to health projects, according to Thisday. According to a statement […]

Banking News

Zenith Bank named best commercial bank in 2024

Zenith Bank Plc has been named the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, holding the title for the fourth consecutive year. The bank was also voted Best Corporate Governance, Nigeria, for the third year in a row at the World Finance Corporate Governance Awards 2024. The awards, which appeared in […]

Banking News

Bank recapitalisation: GTCO to launch N400bn public offer

Guaranty Trust Holding Company, GTCO Plc, has concluded to raise N400 billion in new capital as part of the Central Bank of Nigeria’s recapitalization program. This was disclosed by the Group Chief Executive Officer, GTCO, Segun Agbaje at the fact behind its public offer presentation at the Nigerian Exchange Limited, NGX on Monday. Agbaje said […]

Stock investors gain N3.4tn in shortened trading week
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NGX halts Unity Bank, seven others’ shares

The NGX Group’s regulatory arm, NGX Regulation has suspended trading in eight firms’ shares due to a failure to file their appropriate accounts for 2023. This was disclosed in a market bulletin on Monday, by NGX. The Head of the Issuer Regulation Department, Godstime Iwenekhai stated that the suspension takes immediate effect. According to the […]

News

CIBN appoints Alawuba as Body of Banks CEO chair

The Group Managing Director/Chief Executive Officer of United Bank for Africa Plc, Oliver Alawuba has been nominated Chairman of the Chartered Institute of Bankers of Nigeria’s Body of Bank CEOs. This was disclosed by CIBN via a statement on its website on Monday. This prestigious appointment recognizes Alawuba’s significant expertise and imaginative leadership in the […]

Nigeria's external reserves rise to $36.89bn — CBN gov
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Nigerian cash held outside banks hits N3.71trn in May 2024

The amount of currency held outside the country’s banking system has surged to a historic high of N3.71 trillion as of May 2024, according to recently released data from the Central Bank of Nigeria. This figure represents a notable increase of N104.89 billion from the previous month, marking a 3% month-on-month rise. The trend of […]

News

eTranzact launch digital verification for military pensioners

eTranzact, a renowned financial startup, has partnered with the Military Pensions Board to establish a digital verification system for military retirees, according to The PUNCH. According to the firm’s statement, the Federal Government-approved technology intends to improve the welfare of military retirees by expediting pension verification processes. The digital solution, unveiled on July 1, 2024, […]

BudgIT raises alarm over allocations in 2024 budget
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BudgIT raises alarm over allocations in 2024 budget

BudgIT, through its open-source service delivery monitoring platform, Tracka, has uncovered significant discrepancies in the 2024 federal budget, particularly concerning the allocation of N732.5 billion for empowerment projects. This figure surpasses the allocation of N646.5 billion earmarked for health projects, a revelation that has sparked concerns about governmental priorities and resource management. In a statement […]

Job vacancies, opportunities for foreign professionals rise in Austria
News

Job vacancies, opportunities for foreign professionals rise in Austria

Austria has recorded a notable increase in job vacancies, reporting an average of 196,400 unfilled positions in the first quarter of 2024, according to Statistics Austria. This marks an 8.5% rise from the previous quarter’s 181,000 vacancies, highlighting a growing demand for labor, particularly in the service sector. The breakdown of job vacancies shows 113,200 […]

Active Internet Service Providers drop amid failed licenses renewal
News

Active Internet Service Providers drop amid failed licenses renewal

The number of active Internet Service Providers in Nigeria has decreased to 242 in July from 252 in May this year, marking a notable decline as several operators allowed their licenses to expire without renewal, according to the latest data from the Nigerian Communications Commission. The updated July database from the NCC revealed that despite […]

Agribusiness featured

FG halts food imports duty, partners states on farming

The federal government on Monday announced a 150-day duty-free import window for food items, stepping up attempts to combat increasing inflation, which has impoverished many Nigerians. This was disclosed by the Minister of Agriculture, Abubakar Kyari during a press conference held in Abuja on Monday, according to The PUNCH. The Tinubu-led administration also announced its […]

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