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FG targets 750,000 electricity meters to curb estimated

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FG to probe 40 loan apps over customers 'abuse'
Business featured

FG to probe 40 loan apps over customers ‘abuse’ Business

In light of what has been called “sharp practices” and “abuses”, the Nigerian government is looking into ways to investigate several digital loan apps. The House of Representatives has instructed its Committee on Banking and Currency, Financial Crimes, and Telecommunications to begin an investigation into the loan administration and business practices of fintech companies and […]

News Oil and Gas

FG spent N2tn on local content within 12years – Report

  The Federal Government has spent a total of N2 trillion ($4 billion) on the development of local content in the past twelve years. A document on the “Nigerian Content Intervention Fund” presented by the General Manager, Nigerian Content Development Fund & Treasury Management, an arm of the Nigerian Content and Development Monitoring Board, Obinna […]

Senate probes Niger Delta oil theft
Oil and Gas

2022: Oil theft, fuel subsidy, other Buhari regime challenges

  Oil Theft, Subsidy, Fuel Scarcity are among some of the challenges which the Federal Government tried to address in the Nigeria’s oil and gas sector in the outgoing year. However despite its efforts, little success has been recorded by the Major General Muhammadu Buhari (retd.), led administration. Despite recent improvements, Nigeria’s crude oil output […]

Business

Prioritize access to sanitary products, P&G, NCWD tell FG

Proctor and Gamble, or P&G, has asked the federal government, civil society, and the private sector to give priority to efforts to combat the stigmatization of period health, access to menstrual health products, and hygiene education. The National Centre for Women Development, NCWD, and P&G recently worked together to increase the skills of Nigerian women […]

Nigeria's mineral production rose by 39% in 2021 - NBS
Oil and Gas

Manufacturing sector remitted N114.37bn Q3 2022 – NBS

The manufacturing sector topped the list of highest contributors to Value Added Tax revenue generated by the Federal Government in the third quarter of 2022.   The National Bureau of Statistics third quarter report revealed that the sector had a remittance of N114.37 billion, accounting for 18.29 percent of the total N625.39 billion generated as […]

Business

Nigeria’s biovaccine company to begin production before Q2 2023

Biovaccines Nigeria Limited, a joint venture between the Federal Government of Nigeria and May & Baker Nigeria Plc, is set to commence the production of vaccines before the second quarter of 2023.   Nairametrics reported that the Managing Director of May & Baker Nigeria Plc, Patrick Ajah, disclosed this on Wednesday in Lagos, while noting […]

Agribusiness

West Africa gets US’ $4m grant to tackle child labour

The United States Department of Labour has announced a $4 million award to support the International Labour Organization’s work to implement a technical assistance project in West Africa.     The department made this known in a press release on its website on Tuesday, stating that the ILO is expected to work with the government […]

Economy

Nigeria to lose 123.4% revenue in 2023 – World Bank

The World Bank has projected a 123.4% deficit from the country’s revenue in 2023 as a result of debt servicing.   The international financial institution made this assertion via its Lead Economist for Nigeria, Alex Sienaert during a presentation titled: ‘Nigeria Public Finance Review: Fiscal Adjustment for Better and Sustainable Development Results.’ for the month […]

FG owes N100bn electricity bill debt - Distributors
Opinion

Why FG must localize electricity distribution – Experts

Several energy and real estate experts in the country have called on the Federal Government to localise electricity distribution within the country to improve its supply and grow the power sector.   According to PMNews, this call was made at the closing of the 3rd Lagos Real Estate Market Place Conference and Exhibition in Lagos, […]

Agribusiness

UN, FG pick 13 states for agric intervention

The United Nations through its Food and Agricultural Organisation, in partnership with the Federal Government have selected 13 states in Nigeria for agricultural intervention with respect to the production of a few crops such as rice, sorghum, soybean, etc, and dairy.   The PUNCH reported that the Minister of Agriculture and Rural Development, Mahmood Abubakar, […]

Oil and Gas

Nigeria may lose $23bn to crude oil theft

The National Security Adviser, Major General Babagana Monguno, has warned the Federal Government of an impending loss of about $23 billion in 2023 if the menace of crude oil theft persists in the country.   Monguno gave this warning on Tuesday, at the inauguration of a special investigation panel set up to check crude oil […]

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