The Nigeria Deposit Insurance Corporation (NDIC) says it has paid N119. 1 billion as insured sums to 5535, 815 depositors, creditors and shareholders of closed banks as at Dec. 29, 2021. The Managing Director of NDIC, Mr Bello Hassan, disclosed this on Friday in Enugu during the 33rdEnugu International...
BUSINESS
– Rallies Stakeholders for Synergy, Evaluation on NDEPS – As Danbatta says “NCC raised $563.1M for FG through 3.5GHz auction; 80 million Nigerians have broadband access The Honourable Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim (Pantami), has commended all the agencies in the communications and digital...
By BENJAMIN ORISEMEKE, Abuja – Lagos, Ogun, and Rivers States top the list of states in Nigeria with highest domestic debts as of December 2021, jointly owning a sum of N1.12 trillion in domestic debts, which accounted for 25.1 percent of the total state debts. According to data from...
By BENJAMIN ORISEMEKE, Abuja – Chief Executive Officer, Cowry Assets Management Limited, Mr Johnson Chukwu has said that a strong manufacturing sector will lead to increase in employment levels and reduction in value of imports. Chukwu who stated this while presenting a paper tagged “Impact of Vibrant Manufacturing Sector...
…Tasks commission on synergy, policy implementation By JOY ADARA, Abuja – The Minister of Communications and Digital Economy, Prof. Isa Ali Ibrahim Pantami, has formally inaugurated Prof. Mansur Bindawa, as a non-executive commissioner on the Board of the Nigerian Communications Commission (NCC) by administering the oath of office on...
Mr Gbenga Komolafe, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria is adopting a phase-down approach to transiting to cleaner sources of energy. The News Agency of Nigeria (NAN) reports that Komolafe said this at the Africa Economic Summit on Wednesday in Lagos. Represented by Mr...
Prof. Isa Pantami Minister of Communications and Digital Economy, Prof. Isa Pantami, has urged the board of the Nigerian Communications Commission (NCC), to protect telecom consumers in the country. Pantami made the appeal when he inaugurated the ninth member of the NCC Governing Board, Prof. Mansur Bindawa, as Non-Executive...
By PATRICK ABANG, Calabar – The President and Chairman of Council, Chartered Institute of Taxation of Nigeria Adesina Adedayo has attributed the low use of technology as the major problem resulting to low tax compliance in the country. Adedayo said this in Calabar on Tuesday during a one day...
The Group Managing Director/ Chief Executive Officer, Access Bank Plc, Dr Herbert Wigwe, says the bank aims to become one of the top five in Africa by 2027. Wigwe told journalists in Lagos on Tuesday that the bank, which had risen to the top position in Nigeria, planned to...
By BENJAMIN ORISEMEKE, Abuja – As part of it FCT COVID-19 Action Recovery and Economic Stimulus (FCT CARES) programme, the Agriculture and Rural Development Secretariat of the FCTA has allocated the sum of $4.5 million to FADAMA project for the implementation of three Disbursement Linked Indicators. The programme, FCTA...
By BENJAMIN ORISEMEKE, Abuja – Transnational Corporation of Nigeria (Transcorp) Plc, with investments in Hospitality, Power, and Oil and Gas has reported a significant performance, across all its major investment lines, for the financial year ended December 31, 2021. Notwithstanding the tough operating and business environment, the conglomerate saw...
The Qatar Fund for Development (QFFD) and Bill & Melinda Gates Foundation have jointly pledged $200 million toward agriculture, climate resilience and economic development projects in Africa. The pledge was made on Monday through a new strategic partnership (Nanmo) to support smallholder farmers on drylands on the African continent....
The Federal Inland Revenue Service (FIRS) has called on tax payers to utilise its new Tax Administration Solution platform (TaxPro-Max) to promptly pay their taxes. Mr Hassan Sule , FIRS Coordinator in the states of Kano, Jigawa and Katsina, gave the advice shortly after a road walk to mark...
The Central Bank of Nigeria (CBN) says it has disbursed N948 billion to 4,478,381smallholder farmers, to upscale food production in the country. The CBN Governor, Mr Godwin Emefiele disclosed this in Ado-Ekiti while delivering the 25th and 26th combined convocation lecture of the Ekiti State University (EKSU), on Monday...
By BENJAMIN ORISEMEKE, Abuja – The ECOWAS Bank for Investment and Development (EBID) on Tuesday signed a $100 million historic commercial credit line agreement with the India Exim Bank. The agreement which was signed in London is intended to engender the impactful transformation of the private sector in the...
By BENJAMIN ORISEMEKA, Abuja – The Infrastructure Concession Regulatory Commission (ICRC) has stressed on the need to utilize Public Private Partnership arrangement in bridging Nigeria’s huge infrastructure gap. This is even as it has identified PPP models as a strategy that could be deployed in the transportation of goods...
By BENJAMIN ORISEMEKE, Abuja – The Securities and Exchange Commission (SEC) is set to collaborate with the Ahmadu Bello University, Zaria in a bid to further deepen the Nigerian capital market. Director General of the SEC, Mr. Lamido Yuguda stated this when the Vice Chancellor of ABU Prof Kabiru...
By JOY ADARA, Abuja – The Nigeria Export Processing Zones Authority (NEPZA) said that policy development to drive novel digital technology is ongoing in order to open up the Free Trade Zones space for operators of the important multi-trillion-dollar block-chain technology businesses. Prof. Adesoji Adesugba, NEPZA Managing Director, stated...
The Federal Government has urged the European Union (EU), to step up investments in gas and hydrocarbon in Nigeria to be able to meet the bloc’s energy needs. The call is coming on the heels of the festering war between Ukraine and Russia, which threatens gas supply to European...
By JOY ADARA, Abuja- The Executive Vice Chairman (EVC) of Nigerian Communications Commission’s (NCC) Prof. Umar Garba Danbatta, has said the Commission’s vast experience as a long-standing member of the International Telecommunication Union (ITU) has served as a booster in effective implementation of government policies, and in stimulating regulatory...