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Tag: Nigeria

Bags of Fertilizers
Business Uncategorized

FG to initiate fertilizer subsidy for farmers  

  The Federal Government of Nigeria is making plans to initiate subsidy on fertilizer to farmers in the country through a programme financed by the African Development Bank and International Fund for Agricultural Development. According to The PUNCH, this information was disclosed in the IMF’s Selected Issues paper on Nigeria, prepared by fund’s team as […]

Logo of Nigeria Society of Engineers
Business

NSE implores FG to give local engineers contracts 

The Nigerian Society of Engineers has implored the Federal Government to give local engineers contract. The president of the society, Tasiu Gidari-Wudil, made this appeal on Saturday during a press conference held to commemorate World’s Engineering Day. According to The Punch, the call was in accordance with Executive Order 5 which was initiated to promote […]

From left: chairman Kuje area Council, Daniel Ibrahim, Abaji, Yahya Garba, and AMAC, Micah Jiba at the money sharing event.
Business

How FCT area council, others split N3bn budget

Bisola David The N3 billion statutory allocation for the month of January has been distributed to the six Federal Capital Territory Local Councils and other stakeholders. According to the News Agency of Nigeria, when compared to the N3,786,194,845.78 billion shared in December 2022, the N3,015,446,815.55 billion amount indicates a 20.3% drop. The statement was made on Thursday in […]

Court Symbol of Justice
Business featured

BREAKING: Old N200, N500, N1000 valid till Dec 31- Supreme Court  

Juliet Buna The Supreme Court of Nigeria on Friday in Abuja nullified the Federal Government’s cashless and Naira redesign policy, declaring it as an affront to the 1999 Constitution. According to Dailypost, The Apex Court held that President Major General Muhammadu Buhari (retd), breached the Constitution of the Federation in the ways and manners he […]

Court Symbol of Justice
Business

New naira: Supreme Court passes verdict on Friday

Supreme Court is said to pass its verdict today (Friday) on a suit instituted by some state governments against the Federal Government on the Naira re-design and cashless policy. This publication recalls that the Supreme Court’s seven-man panel of Justices led by Justice John Inyang Okoro had on Wednesday, February 22 adjourned the case of […]

FBN Insurance targets 1m customers in one year
Business

First Bank to organise women mentorship program   

First Bank of Nigeria Limited has said it would organise the first women network, mentoring, coaching and sponsorship pillar webinar to commemorate the World Women’s Day. Stating its commitment to empowering women and promoting socio-economic inclusion, the initiative is to bridge the gender gaps and encourage women’s participation at all levels in the organisation. According […]

United Nation's logo
Business

UN agency projects 50% increase in Africa’s e-commerce

The United Nations Economic Commission for Africa has said that Africa’s  e-commerce is projected to increase by 50 percent by 2025 The Punch reported that the Acting Executive Secretary, UNECA, Mr Antonio Pedro, disclosed this at the opening of the 9th Session of the Africa Regional Forum on Sustainable Development in Niamey, Niger. He added […]

Electricity customers paid N210.17b in three months - NERC
Business

Yola Disco records highest losses amongst Discos – Report

The only electricity distribution company being controlled by the Federal Government, Yola Disco had the largest aggregate technical, commercial, and collection losses of 70% compared to the other 11 Discos.   This was from an industry report titled ‘Key Operational & Financial Data of NESI’ for 2019 to 2022″ accessed by The Punch.   According […]

Nigeria Customs Service
Business featured

Customs seize contraband worth N305m in two months

The Nigeria Customs Service’s Federal Operations Unit Zone B has revealed that between January and February 2023, it made 130 seizures of contraband worth N305 million. The Punch reported that a statement from the Zone’s public relations officer, Suleiman Isah, disclosed other items seized during the period under review included 163 jerry cans of vegetable […]

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Business featured

76% CBN Anchor Borrowers’ loans unpaid – IMF

The International Monetary Fund has confirmed that 76 percent of loans disbursed under the Central Bank of Nigeria’s Anchor Borrowers’ Programme, for farmers have not been returned. This is according to information provided by the International Monetary Fund in its Selected Issues paper on Nigeria. The issue paper was created by the fund’s staff team […]

Stock Market analysis
Business featured

Nigeria’s stock market hits N30trn amid elections

The total market value of Nigerian stocks hit N30 trillion on Monday, amid the uncertainty surrounding the result of Saturday’s general election. BusinessDay reported that Nigerian Exchange Limited All-Share Index and the market capitalisation of equities rised to 55,328.42 points and N30.14 trillion from preceding day’s low of 54,949.21 points and N29.93 trillion respectively. The […]

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