Wednesday, October 07, 2020
Lagos atop as states’ IGR drops by 11.7%
The Internally Generated Revenue of the states dropped to N612.87bn in the first six months of 2020 from N693.91bn in the corresponding period of 2019. The National Bureau of Statistics disclosed on Tuesday in its report…read more.
Nigeria’s debt fast becoming unsustainable, may reach N34tn – LCCI
The Lagos Chamber of Commerce and Industry has said the growing level of Nigeria’s debt is fast becoming unsustainable in the light of dwindling oil prices and production and might hit N34tn by year-end…read more.
Buhari presents 2021 budget to National Assembly Thursday
The President, Major General Muhammadu Buhari (retd.), will on Thursday present the 2021 budget estimate at a Joint session of both chambers of the National Assembly. The President of the Senate, Ahmad Lawan, made the announcement at plenary on Tuesday…read more.
SEC approves CCCP to hedge against risks
NG Clearing Limited has secured approval in principle from the Securities and Exchange Commission (SEC), to launch clearing and settlement of Exchange-traded derivative products as Nigeria’s premier Central Counterparty Clearing House (CCCP)…read more.
Shell gas to boost industrialisation in Oyo
Shell Nigeria Gas (SNG), will facilitate domestic gas infrastructure development in Oyo, following the signing of a Memorandum of Understanding (MoU), with the state government last week…read more.
‘18 unviable airports account for N65 billion revenue shortfall’
The Federal Airports Authority of Nigeria (FAAN), has blamed unviable airports scattered nationwide for its poor earnings and revenue shortfall over the years, now in excess of N65 billion…read more.
NAICOM Outlines Strategises to Achieve 40% Insurance Penetration Target
The National Insurance Commission (NAICOM) has said it is strategising towards achieving its 40 per cent insurance penetration target. The commission listed some of the these activities it has undertaken towards achieving the target to include providing enabling environment and framework…read more.
IMF Forecasts ‘Less Dire’ Global GDP Contraction in 2020
As the world slowly recovers from the Covid-19 pandemic, the International Monetary Fund (IMF) has projected a “less dire” global Gross Domestic Product (GDP) contraction in 2020, as against the severe global GDP contraction for the year it had predicted in June…read more.
Ahmad: Nigeria Setting Pace in Deployment of Off-grid Power Solutions
Mr. Salihijo Ahmad, is the Managing Director of the Rural Electrification Agency. In this interview he speaks about how the agency is intervening in the provision of power to unserved and underserved communities…read more
Ahmad: Nigeria Setting Pace in Deployment of Off-grid Power Solutions
Mr. Salihijo Ahmad, is the Managing Director of the Rural Electrification Agency. In this interview he speaks about how the agency is intervening in the provision of power to unserved and underserved communities…read more.
Stock market gains N1trn in two days
Investments in stock market soared to new heights yesterday as more money are diverted from money market into the stocks bringing investors’ gains to over N1.07 trillion in two days of trading this week…read more.
Coca-Cola, Red Cross deploy N228m equipment against COVID-19
In a bid to support the fight against the Coronavirus, COVID-19, the International Federation of Red Cross and Red Crescent Societies (IFRC) along with the Nigerian Red Cross (NRC) has started the distribution of Personal Protection Equipment’s (PPEs)…read more.
Right of Way: NIWA, Federal Palace Hotel reached out of court settlement
THE National Inland Waterways Authority, NIWA, and the Federal Palace Hotels Limited have reached an out of Court settlement over the construction of an out-door bar on the Lagos Port Anchorage area…read more.
COVID-19 protocols elongate queues, fuel extortion at airports
Passengers travelling through Murtala Muhammed International Airport (MMIA), Lagos, and Nnamdi Azikiwe International Airport, Abuja, have expressed frustrations over extortions by airport officials and long hours of waiting to get cleared as a result of government’s imposed Covid-19 protocols…read more.
Naira gains N2.25k as central bank sells over $450m to BDCs in one month
Nigeria’s currency appreciated against the dollar on Tuesday as it traded at an average rate of N457.75k to the dollar on the black market, from N460 traded on Monday. The naira appreciation is attributed to improved liquidity as the Central Bank of Nigeria (CBN) has sold over $450 million to over 5,000 Bureau De Change…read more.
Buhari to present 2021 budget to National Assembly Thursday
Nigeria’s President Muhammadu Buhari will on Thursday present the 2021 budget at a joint session of both chambers of the National Assembly. This was announced when the Senate president, Ahmad Lawan, read a letter from the president…read more.
