Nigeria To Improve Trading And Investment With G-2Saturday, April 20, 2024
The Federal Government seeked increased investments and trading partnerships from member countries of the Group of Twenty-Four. This was disclosed during the World Bank-IMF Spring Meetings in Washington DC by the Minister of Finance and Co-ordinating Minister of the Economy, Mr. Wale Edun, who wa ...
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Nigeria’s Economy Will Drop To Fourth largest In Africa - IMF ForecastsSaturday, April 20, 2024
The International Monetary Fund forecasts indicated that Nigeria rsquo;s economy, which ranked as Africa rsquo;s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations. As reported by Bloomberg, the IMF rsquo;s World Economic Outlook showed the country r ... |
Access Ready To Use Tech In N365bn Capital RaiseSaturday, April 20, 2024
Access Holdings, the parent company of Nigeria rsquo;s largest bank, Access Bank, has disclosed that it will be going fully digital for its N365bn rights issue. In a notice filed with the Nigerian Exchange Limited, the holding company noted that it was seeking to raise N365bn through a rights iss ... |
Customs Expresses Support For Locally-made VehiclesSaturday, April 20, 2024
Comptroller General of the Nigeria Customs Service, Adewale Adeniyi, has expressed commitment to support locally-made vehicles, saying supporting such initiative will enhance economic growth. He disclosed this on their official X account formerly Twitter on Friday. According to Adeniyi, ldquo ... |
President Tinubu Appoints Agama, As DG, Other Board Members Of Securities And ExSaturday, April 20, 2024
President Bola Tinubu has approved the appointment of seven Nigerian professionals to the Board of the Securities and Exchange Commission (SEC). The appointees include Mr. Mairiga Aliyu Katuka as Chairman, Mr. Emomotimi Agama as Director-General, Frana Chukwuogor as Executive Commissioner (Legal ... |
World Bank Partners With AfDB To Provide Electricity For 300 Million Africans ByFriday, April 19, 2024
The World Bank Group and the African Development Bank Group have disclosed partnership on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030. The World Bank Group seeks to connect 250 million people to electricity through distributed renewable ene ... |
FG Ready To criminalize Fiber Cable Damage - ReportFriday, April 19, 2024
FG has disclosed its plans to criminalize the destruction of broadband fiber cables in response to ongoing grievances from major telecommunications companies like MTN Nigeria Communications Plc. According to a Bloomberg report on Thursday, sources familiar with the situation report that the Works ... |
New GMD Assumes Office In Abuja Investments CompanyFriday, April 19, 2024
Dr Maureen Tamuno has been appointed as the Group Managing Director of the Abuja Investments Company Limited. The company, in a statement on Wednesday, expressed that it was pleased to welcome Tamuno, who assumed duties as the group managing director of AICL, effective April 8. The was made fo ... |
NERC: FG Will Need N3.2trn Subsidy To Reverse Electricity Tariff HikeFriday, April 19, 2024
The Federal Government of Nigeria will need the sum of N3.2trn in 2024 to reverse the recent hike in electricity tariff, this was disclosed by the Chairman of the Nigeria Electricity Regulatory Commission, Sanusi Garba in Abuja on Thursday. While speaking at a stakeholders meeting convened by the ... |
Federation Account Received N7.3tn In Six Months – RMAFCFriday, April 19, 2024
The Revenue Mobilization Allocation and Fiscal Commission has revealed that a total sum of N7.3tn accrued into the Federation Account between July and December 2023, showing an increased revenue inflow. It noted that the amount shared by the Federation Account Allocation Committee was remitted to ... |
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