FG Appoints Committee for New Economic Development Plan
The Federal Government (FG) has set up a steering committee to work on the design of a new economic development plan that will guide spending and economic decisions from 2021…
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AfDB Faults World Bank on Nigeria, Africa’s Debt Profiles
The World Bank’s statement that the upward debt trend of some African countries portend systemic risk of debt distress has been faulted by the African Development Bank (AfDB). AfDB has…
Continue readingAGF, CBN Summoned Over N596bn Ecological Fund
Following an audit query from the office of the Auditor General of the Federation, the Senate, on Thursday, summoned the Secretary to the Government of the Federation, Mr Boss Mustapha,…
Continue readingExisting Subscribers to Explain Need for New Mobile Lines –Minister
While inaugurating the new Chairman of the Nigerian Communications Commission governing board in Abuja on Thursday, the Minister of Communications and Digital Economy, Dr Isa Pantami said, existing subscribers to…
Continue readingNNPC Records 16% Increase in Gas Supply for Power Generation
The Nigerian National Petroleum Corporation (NNPC) reported that the daily average natural gas supply to gas-powered plants increased by 16.53 per cent to 645 million (mscfd), equivalent to generate 2,178MW of…
Continue readingUnity Bank to Assist Farmers Boost Cashew Production
UNITY Bank Plc has concluded arrangement to finance the Nigerian cashew farmers to boost production by 43 percent to 50,000 metric tonnes from 35,000 metric tonnes. Speaking at a summit…
Continue readingCBN Identifies High Interest Rates as Major Constraint to Business
In its ‘January 2020 business expectations survey report’ the Statistics Department of the Central Bank of Nigeria (CBN) has identified high interest rates, unfavourable economic climate and insufficient power supply…
Continue readingEFCC to Probe $8.065m Intercepted by Nigeria Customs Service
EFCC is set to probe $8,065,612m intercepted by the Nigeria Customs Service at the Murtala Muhammed International Airport, Lagos on 16th January 2020. When he appeared before the House of…
Continue readingFG to Reform Business, Land Registration Processes
Federal Government (FG) may reform business and land registration processes if the information from the Presidential Enabling Business Council is anything to go by. The Presidential Enabling Business Environment Council…
Continue readingNCC May Restrict Mobile Phone Subscribers to Three Lines
The Minister of Communications and Digital Economy, Dr Isah Pantami has directed the Nigerian Communications Commission (NCC) to revise the policy on SIM card registration and usage. According to a…
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