Tag: Nigeria

Minister of Communications and Digital Economy, Isa Pantami
Business

FG okays N24.20bn for internet in schools, markets, airports

The Nigerian government gave its approval on Wednesday to allocate N24.20bn for the purpose of providing broadband internet connection to a minimum of 20 airports, 43 schools, and six marketplaces all over the country. The Punch reported that the announcement of the approval was made by the Minister of Communication and Digital Economy, Prof Isa […]

Nigerian Coat of Arm
Business

Senate extends 2022 budget implementation 

The Senate has extended the implementation period of the capital component of the 2022 budget until June 30, 2023, instead of the initial deadline of March 31. The Punch reported that the extension came after a request for an amendment to the Appropriation Act 2022 by the Senate leader, Senator Gobir. The lawmakers relaxed their […]

An aircraft packed-Diamond aircraft
Business

Top aircraft maker Diamond considers investment in Nigeria

A leading aircraft manufacturer, Diamond Aircraft, has announced its plans explore the market potentials in Africa and establish strong presence in Nigeria. According to The Punch, this was said last weekend by the Chairman, Diamond aircraft, Bin Chen, during his team’s visit to Nigeria’s Minister of Aviation, Hadi Sirika. In his words, “We are excited […]

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CITN rewards students to promote tax culture 

The Chartered Institute of Taxation of Nigeria has recognized and rewarded students who excelled in a quiz competition organised to promote tax culture among youths and increase government revenue. The Punch reported that the CITN presented different prizes to secondary school students with outstanding performances during the grand finale of the Lagos State all-secondary schools […]

Reception view of KUDA bank
Business

IWD: Kuda plans month-long events for female professionals

Kuda Microfinance Bank has announced plans to organise a sequence of events lasting a month for female professionals, aimed at commemorating this year’s International Women’s Day. The objective is to foster equity and support the professional advancement of women. According to The Punch, a statement from Kuda revealed that the objective of the campaign was […]

Poultry Farm
Business

Nigeria’s poultry industry may collapse by May – Operators

Operators in the Nigeria’s poultry sector and businesses have on Monday warned that the poultry industry may collapse before the end of May following the prolonged scarcity of Naira in the country. The Punch gathered that eggs were not being sold owing to the inability of consumers to purchase with cash. According to the report, […]

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DMO to auctions N360bn FG bond Monday  

The Federal Government of Nigeria will be carrying out a bond auction today (Monday) through the Debt Management Office. AMBusiness reported that the DMO Federal Government of Nigeria Bonds valued at N360 billion for subscription through auction. DMO said the first offer is a February 2028 FGN Bond valued at N90 billion (10-year re-opening), at […]

Nigerian firm seals $750k solar deal
Business featured

FG to provide subsidies for solar power developers 

The Rural Electrification Agency has revealed that the Federal Government intends to provide subsidies to developers of mini-grids powered by solar energy. The aim is to install these mini-grids at 150 electricity sites in seven states that are currently underserved or not served at all. The Punch reported that the Federal Government On Friday issued […]

Ikeja Electric Distribution office
Business featured

Lagos community begs Ikeja Electric foe new transformer  

Members of Alimosho Local Government Area of Lagos, have appealed to a Nigerian Distribution Company, Ikeja Electric to fulfil the promise it made to install a relief transformer to the community. The members of the local government that made that plea with the DISCO company are those of the Prestige Community Development Association in Heritage […]

inflation
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Nigeria’s inflation rate hits 21.91%

The National Bureau of Statistics on Wednesday reported that Nigeria’s inflation rate has risen to 21.91%. The increase in inflation rate accounts for about 0.09 per cent  from the previous January inflation rate of 21.82 per cent. This information was revealed by a recent Consumer Price Index report by the National Bureau of Statistics on […]