By Esther Agbo The World Bank has pledged over $200 million for developmental projects in Ekiti State, with $60 million already disbursed, according to an official statement from the Ekiti State Government shared on their X page. During a strategic…
The Chairman of the Governing Board of the Niger Delta Development Commission (NDDC), Mr. Chiedu Ebie, has charged leaders and key stakeholders from various sectors and ethnic nationalities to collaborate for the development of the Niger Delta region. Ebie, who…
In a significant development for Nigeria’s economic landscape, Dr. Bosun Tijani, Minister of Communications and Digital Economy, projected that the country’s digital economy is poised to generate $18.3 billion by 2026. This announcement came during a media engagement focused on…
By Seun Ibiyemi Analysis from the Budget Office has shown that Debt servicing in Nigeria gulped 64.5 percent of the Federal Government’s total revenue in 2023. Last year’s figure is higher than the 48.5 percent of total revenue that debt…
Olaseinde Gbenga, Abuja The Nigeria Civil Aviation Authority (NCAA) has warned airlines to desist from deceitful departure time scheduling to their customers. The Acting Director General, Civil Aviation, Nigeria, Capt. Chris Najomo stated this on Tuesday at the Authority’s corporate…
By Matthew Denis In a bid to ensure dividends of Democracy, the House of Representatives on Tuesday urged the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) to withhold allocations from the Federation Account to local government areas in the country…
By Deborah Ajulo The Hon. Minister of Solid Minerals Dr. Henry Dele Alake has disclosed that the African Natural Resources and Energy Investment Summit (AFNIS) 2024 edition will showcase economic prosperity, climate change, internal revenue generation (IGR) among others. Information…
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. The statement obtained by the newsmen said Diop assumed his new position in Abuja on Monday and succeeded…
By Matthew Denis The Nigerian Federal Government has declared a 150-day suspension of duties, tariffs, and taxes on several essential food items imported through both land and sea borders. This policy change was revealed by Abubakar Kyari, the Minister of…
Moody’s Ratings (Moody’s) has affirmed the Caa1 corporate family rating (CFR) of Dangote Sugar Refinery Plc (DSR), Concurrently, Moody’s has repositioned the national scale rating (NSR) to Ba1.ng from Baa3.ng. The rating outlook has been changed to stable from positive.…
