FG disbursed N1.2tn for capital projects in 2023
The Federal Government has released a total of N1.23 trillion to 17 ministries for the implementation of capital projects aimed at furthering…
News
Pension funds surpassed N20tn in May – PenCom
The value of Nigeria’s pension funds climbed by 2.23 percent month on month to N20.23 trillion in May 2024. According to the…
CBN to cut down rate hikes soon – Cardoso
The Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso has declared that it will soon be able to cut down…
Afrexim Bank projects Nigeria’s GDP to reach $552bn by 2031
Afrexim Bank projects that Nigeria’s real GDP will reach $552 billion by 2031. This was disclosed in the 2024 Africa Trade Report…
FG exempts GenCos, DisCos, from withholding tax payment
The Federal Government has designated all electrical companies, including generation and distribution companies (GenCos and DisCos), as free from paying withholding taxes…
Africa secured $175bn greenfield projects in 2023 – Report
African countries received $175 billion during greenfield project announcements in 2023. According to the United Nations Conference on Trade and Development’s 2024…
Demand deposits surges N29.67tn in May – CBN
Demand deposits have jumped by 206.83 per cent from N9.67tn in May 2019 to N29.67tn this year’s May, according to data from…
VFD Group appoints Ibraheem Abe as non-executive director
VFD Group Plc has announced the appointment of Ibraheem Nahim Abe, current Chairman of Veritas Kapital Assurance, and Hubert Asamoah of VFD…
Nationwide darkness looms, as national grid collapses again
A significant power outage has been reported in numerous states across the country as a result of the national power grid failure.…
New Zealand revises visa requirement for spouses of international students
New Zealand has changed its immigration regulations to allow partners of international students enrolled in particular higher education programs to apply for…
LASG, Dutch firm partner to tackle e-Waste crisis
Lagos State Government signed a Letter of Intent with a Netherlands-based company to develop a smelter plant in Lagos in an effort…
Swiss retailer Avolta announces $5m investment for Nigeria’s airport expansion
Avolta, a Swiss travel retailer, has increased its investment to $5 million in Nigeria. This was disclosed to pressmen by the Chief…