Growth in emerging markets and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report. Globally, growth continues to slow sharply due to rising inflation and interest rates, reduced investment, and supply disruptions caused by Russia’s full-scale invasion...
BUSINESS
By CALLISTUS OFFOR, Abuja – The Nigerian Communications Commission (NCC) is set for a return to the tube with a newly packaged 30 – Minute weekly television programme that will regularly x-ray the Nigerian telecommunications and information communications technology (ICT) industry and provide awareness for telecommunication consumers across the...
The 78 per cent revenue projection from the non-oil sector in the 2023 budget is s a milestone in the nation’s fiscal history. Making this assertion in a statement in Abuja, the Buhari Media Organisation (BMO) said that this is the first time in more than 30 years that...
The Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Dr. Adesola Adeduntan, in this interview with THISDAY reviewed the performance of the global economy in 2022 and advised businesses and their bankers to approach 2023 with a partnership mindset to ensure that a win-win outcome is achieved despite...
Airtel Africa says its Nigerian subsidiary, Airtel Networks Ltd., has acquired 4G and 5G Spectrum from the Nigerian Communications Commission (NCC). The spectrum, it said, was worth 316.7 million dollars, payable in Naira. The communication provider disclosed this in a corporate disclosure made available to the Nigerian Exchange Ltd....
The Federal Government on Monday projected that by the first Quarter of 2024 Nigeria will put an end to the importation of petroleum products into the country. The Minister of state Petroleum Resources, Timipre Sylva said by the first quarter of 2024 the rehabilitation of the Port-Harcourt refinery would...
The vice presidential candidate of the Labour Party (LP), Datti Baba-Ahmed, says if he and Peter Obi are elected into office in February, their administration will take sports, especially football, seriously. Nigeria’s national team, the Super Eagles, were knocked out of the African Cup of Nations in Cameroon in...
The Nigerian Security Printing and Minting (NSPM) Plc, the company responsible for producing Nigeria’s currency, has explained why the new Naira notes leave ink when rubbed on plain white. The company in a statement signed by the Managing Director, Ahmed Halilu highlighted this when addressing concerns by Nigerians on...
In the past few days the media has been awash with news about the huge debt burden that the incoming government in May 29, would inherit from the President Muhammadu Buhari administration. This is coming as President Muhammadu Buhari signed the 2023 budget of 21.83 trillion Naira into law...
Real Estate Agents help buyers and sellers alike guide through each stage of finding their perfect residential or commercial space. They do this by arranging viewings and making appointments with potential customers based on what best suits them. They facilitate the sale of a property. Whether they are acting...
Trading on the Nigerian Exchange Ltd., (NGX) closed negative Thursday with market capitalisation losing N430 billion or 1.53 per cent to close at N27.706 trillion from N28.136 trillion on Wednesday. Also the All Share Index (ASI) dropped by 789.04 points or 1.53 per cent to close at 50,868.52 from...
The Debt Management Office (DMO) says the alarm created around the country’s projected public debt by a segment of the media was unnecessary. The Director-General, Mrs Patience Oniha, said this in a statement to react to reports by a segment of the media that the next government would inherit...
The Nigeria Financial Intelligence Unit (NFIU) has warned the public and private entities against massive cash withdrawals. The Director and Chief Executive Officer of the agency, Mr Modibbo HammanTukur, gave the advisory in a statement made available to newsmen in Abuja on Thursday. He spoke on the state of...
Air Peace Airline has urged the aviation authorities to look into the ground handling equipment that collided and damaged its aircraft elevator at the Murtala Muhammed Airport (MMA), Lagos Spokesman of Air Peace, Mr Stanley Olisa, who confirmed the incident in Lagos on Wednesday, said the aircraft was scheduled...
Call for Applications The Tony Elumelu Foundation Entrepreneurship Programme 2023 has commenced, with successful applications standing a chance to get $5,000 seed funding. The entrepreneurship programme, which commenced on the 1st of January 2023, is open to Africans from all 54 African countries with scalable business ideas or a...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is...
rThe Debt Management Office (DMO) on Monday announced as its first bonds issuance for 2023, two Federal Government of Nigeria (FGN) Savings Bonds for subscription. According to a statement by the DMO, one is a two-year FGN Savings Bond due in Jan. 11, 2025, at the interest rate of...
The Insurance Consumers Association of Nigeria (INSCAN) has called on the National Insurance Commission (NAICOM) to reverse its directive on the increase of third Party Motor Insurance Premium in Nigeria. This is contained in a letter signed by its National Coordinator, Chief Yemi Soladoye, and made available to newsmen...
By JOSEPH KADIRI, Lagos – The Nigerian Exchange Limited (NGX) has marked the final trading day of the year on 30 December 2022 with a Closing Gong Ceremony featuring renowned filmmaker Kemi Adetiba. Adetiba, the founder of Kemi Adetiba Visuals and director of critically acclaimed movies “Wedding Party” and...
Nigeria’s debt profile has assumed a worrisome dimension and fast becoming a major drawback to economic growth and development. It is based on this that the World Bank recently ranked the country fifth among countries with high debt risk exposure. This stemmed from the fact that the country’s debt...