FEC approves ₦2.17trn supplementary budget for 2023
The Federal Executive Council (FEC), has approved a supplementary budget of ₦2.17 trillion for 2023.
Atiku Bagudu, Minister of Budget and Economic Planning disclosed this...
Inflation Rate Romances 22% On The Heels of Prolonged Energy Crisis
Nigeria's inflation figure is approaching 21.82 per cent, a level not seen in about two decades, on the heels of the prolonged fuel crisis. The...
SMEs Shutting Down Compound Unemployment Woes
The recent surge in petrol prices following the removal of subsidies and the devaluation of the naira has resulted in a notable increase in...
Stanbic IBTC Holdings profit accelerates to record N141 billion after spike...
Stanbic IBTC earned N270.6 billion in interest income compared to N152.7 billion a year ago.
Net profit at Stanbic IBTC Holdings, the local unit of...
Federal Government Launches $609 Million Fund for Nigerian Tech Entrepreneurs
Bosun Tijani, Minister of communications, innovation, and digital economy has announced the launch of a $609 million fund dedicated to supporting tech entrepreneurs in...
Nigerian Breweries Eyes N20 Billion Via Commercial Paper Issuance
Nigerian Breweries Plc has launched a new phase of its N100 billion commercial paper programme, allowing the firm to raise N20 billion from investors.
The...
Twitter To Share Ads Revenue With Content Creators – Musk
Elon Musk, Twitter owner, has announced that the platform will start sharing revenue from advertisements with some of its content creators with effect from...
HomePorn, Sportybet, Bet9Ja, Livescore Recorded 163 Million Nigerian Visitors In June...
A recent report by global data and business intelligence platform StatiSense has revealed that Nigerian mobile users made over 163 million visits to porn...
NAFDAC Boosts Nigeria Pharma Export With N6 Billion
The National Agency for Food and Drugs Administration and Control (NAFDAC) has pumped over N6 billion of internally generated revenue in the last 8...
NITDA Bill: Telecom Operators Seek Exclusion
The Association of Licensed Telecommunications Operators of Nigeria (ALTON), the body of licensed telecommunications services providers, have asked the National Assembly to exclude them...
Recent Posts
30m Nigerians Lack Access To Internet -NCC
Prof. Umar Garba Danbatta, Executive Vice Chairman of the Nigerian Communications Commission(NCC) says over 30 million Nigerians don’t have access to the internet.
Danbatta disclosed...
How CAC, Moniepoint Partnership Is Catalyzing Nigeria’s Economic Base
With over 40 million micro, small and medium enterprises (MSMEs) contributing nearly 50 per cent of the national GDP; accounting for over 84 per...
ECOWAS Commits $25 Million To Fight Terrorism In Nigeria, 3 Others
The Economic Community of West African States (ECOWAS) said it has allocated 25 million dollars this year to fight terrorism in Nigeria, Niger, Mali...
Nigeria Targets 500,000 Metric Tonnes Cashew Export
Nigeria now seeks to export 500, 000 metric tonnes of cashew annually, Otunba Adeniyi Adebayo, Minister of Industry, Trade and Investment, has revealed.
Adebayo, who...
Telecom Operators Threaten To Shutdown Banks’ USSD Services Over N80 Billion Debt
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to disconnect banks in the country from the Unstructured Supplementary Service Data (USSD)...