nigeria
Nigeria’s Revenue Soars to N2.33 Trillion in Q4 2023
Nigeria’s economic landscape witnessed a significant upswing in the fourth quarter of 2023, with the country recording a remarkable total revenue of N2.33 trillion from Company Income Tax (CIT) and Value Added Tax (VAT). The National Bureau of Statistics (… Continue Reading
Ukraine Donates 25,000 Tonnes of Wheat to Combat Hunger in Nigeria
In response to the escalating crisis of inflation and hunger in Nigeria, Ukraine has stepped up with a donation of 25,000 tonnes of wheat to the Nigerian government.
The donated wheat serves as emergency food assistance to assist 1.3 million … Continue Reading
Today FX Rates: Naira Appreciates to ₦1,500.349 Per Dollar Following Crackdown on BDC Operators
The naira has registered a sharp move against the dollar in the exchange market. The naira to dollar rate has been in fluctuation since the beginning of 2024.
Today, February 25, 2024, it is exchanging 1 US Dollar for 1,500.349 … Continue Reading
Nigerian Government Secures $30 Billion in Foreign Investments in Eight Months
The Federal Government has announced securing investment commitments totaling $30 billion from foreign investors within a span of eight months.
This revelation came from the Minister of Industry, Trade, and Investment, … Continue Reading
President Tinubu responds to Allegations by Atiku, Assures Nation of Control
In response to recent allegation made by Alhaji Atiku Abubakar, President Bola Ahmed Tinubu’s administration issued a statement refuting the claims.
Atiku had alleged that President Tinubu was indifferent to pressing security and economic challenges.
Atiku Abubakar made the allegations … Continue Reading
Nigeria and Morocco Accelerate $25 Billion Gas Pipeline Dreams
In a significant stride towards realizing the $25 billion Nigeria-Morocco gas pipeline project, the Federal Government has heightened discussions with the Kingdom of Morocco.
The talks, held on Wednesday, brought together the Minister of State for Petroleum Resources (Gas), Ekperikpe … Continue Reading
Shell to Divest Nigerian Onshore Oil Assets in $1.3 Billion Deal
Shell Plc has officially announced an agreement to sell its onshore oil assets in Nigeria to a local consortium for a sum exceeding $1.3 billion, pending government approval.
Zoe Yujnovich, Shell’s Integrated Gas and Upstream Director, confirmed the deal’s significance … Continue Reading
Nigerian Government Urged to Refund N228 Billion Loan from Non-Oil Excess Revenue Account
The Postmortem Sub-Committee of the Federal Account Allocation Committee (FAAC) has recommended that the Federal Government refund the approximately N228 billion loan taken from the non-oil excess revenue account to finance the 2023 general elections.
This recommendation follows a detailed … Continue Reading
Power Sector Requires N2 Trillion Recapitalization for Sustainable Revival
The Nigerian federal government has disclosed a staggering capital shortfall of N2 trillion ($2.5 billion) in the electricity sector, emphasizing the crucial need for revitalization to ensure a consistent and reliable power supply across the nation.
Tinubu Makes Key Appointments at NIMASA and NPA
President Bola Tinubu has recently made significant appointments within the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA), both falling under the Federal Ministry of Marine and Blue Economy.
The appointments reflect a strategic move … Continue Reading