The Lagos Chamber of Commerce and Industry (LCCI) says the Federal Government’s planned petrol subsidy removal remains one of the best economic decisions that will reduce Nigeria’s debts and tackle widespread corruption in the oil sector. LCCl’s President, Dr Michael…
Minister of Finance, Budget and National Planning, Zainab Ahmed, has been named in the Commonwealth body for global financial reform. Nigeria’s Ahmed will co-lead the “Finance Ministers Working Group for a Call for Reform of the Global Financial Architecture”. The…
Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Glano Nigeria Limited over a huge indebtedness of over N2billion. Recall…
The Washington based-World Bank said Nigeria had spent 96.3 per cent of its 2022 revenue on debt servicing. Word Bank disclosed this in its recent Macro Poverty Outlook for Nigeria: April 2023. Recall that the Debt Management Office said Nigeria’s…
By Titus Atondu, Makurdi Benue State Governor, Samuel Ortom has disclosed that with the resumption of Air Peace commercial flight operation in Benue State, business and economic activities will rise again. Ortom made the disclosure in an address while inaugurating…
By Ibiyemi Mathew Latest data released National Bureau of Statistics (NBS) on Monday has revealed that Electricity Distribution Companies (DisCos) generated N434.94 billion in revenue in the third and fourth quarters of 2022. In it’s “Nigeria Electricity Report”, detailing revenue…
By Philemon Adedeji Despite the economic headwinds that characterised 2022, Dangote Sugar Refinery Plc (DSR) will pay N18.22 billion as dividends to shareholders for the year ended December 31, 2022, while also targeting the production of over 170,000 tonnes of…
By Matthew Denis Following a flat rate forecast by the International Monetary Fund (IMF) for Nigeria’s economic growth rate in the 2023 and 2024, the Central Bank of Nigeria (CBN) has picked the challenge and set to sustain its recent…
Nigeria has continued to participate in rules development in the interest of the country and Africa. A delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on 4th and 5th April 2023, at a workshop…
By David Awoyemi The African Development Bank (AfDB) has appointed Marie-Laure Akin-Olugbade, a Cameroonian national as the newly Vice President responsible for its Regional Development, Integration, and Business Delivery Complex. The new Vice President, Akin-Olugbade is a seasoned Senior Executive…
