By Abdulsalam Abdullah The Ogun State Government has announced that the Nigerian National Petroleum Company (NNPC) Limited is set to begin oil and gas exploration in the state. In a statement during the weekend, the government said the development would…
Worried by the growing impact of fluctuating exchange rates for calculating import duties at the ports, the presidential committee on fiscal policy and tax reforms has advised the federal government to adopt an exchange rate of N800 per dollar for…
Pension fund allocation to infrastructure development has continued to swell with the investment of a total of N230 billion in Sukuk Bonds and the Nigeria Infrastructure Debt Fund (NIDF). A breakdown of the investment shows that Pension Fund Administrators (PFAs)…
As part of efforts to make Osun State attractive to investors and promote the ease of doing business, the Governor of Osun State, Ademola Adeleke has approved the resuscitation of the defunct Osun State Investment Promotion Agency (OSIPA) to be…
Nigeria has signed a Memorandum of Understanding (MOU) to host the world’s largest technology fair, GITEX, for the first time in 2025. The agreement was signed by Director General and CEO of the National Information Technology Development Agency (NITDA), Kashifu Inuwa…
Aigboje Aig-Imoukhuede, CON, Chairman of Access Holdings PLC and Coronation Group, has been honoured with the prestigious African Banker Lifetime Achievement Award. This distinguished accolade was presented at the African Banker Awards gala dinner and awards ceremony held in Nairobi,…
By Matthew Denis The Executive Secretary and Chief Executive Officer of Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji has disclosed that the agency is prepared to publish the 2022-2023 reports by September, 2024. He made the disclosure…
The Lagos State Government is set to launch 15 commercial ferries in line with its mandate to provide effective transport mode options and improve commuting within the metropolis. Speaking at the unveiling of the Lagos Transportation Policy, the Governor of…
By Seun Ibiyemi The proposal by the Federal Government to grant full Autonomy to the local governments in Nigeria is a welcome development and long overdue. In a statement made available to NewsDirect, Public Policy Expert, Dr Ade Dosunmu, MON…
By Matthew Denis The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the Nigerian economy was experiencing a positive growth rate of 2.99 per cent, surpassing the 2.3 per cent growth seen in the…
