Business

NIPC unveils online investors’ guide

As parts of efforts of improving the ease of doing business in the country, the federal government has partnered the United Nations to develop an online investment portal that will increase investment inflows into the country.

Speaking at the launch of the portal tagged ‘iGuide Nigeria,&r [...]

Wed, 23 May 2018


Nigeria to attract $22.5bn investment with ERGP

Nigeria hopes to attract an additional investment worth $22.5 billion from 164 different projects across the country, through the Economic Recovery Programmes, ERGP, Focus Labs.

The minister of Budget and National Planning, Sen. Udo Udoma, who made this known at an open day event to mark the co [...]

Wed, 23 May 2018


CBN ask museums to embrace hyper-connectivity

The Central Bank of Nigeria, CBN, has urged museum managers to leverage on the wide acceptance of information technology in the country, to upgrade their museums to international standard and attract new audiences to their collections.

Deputy Governor, Corporate Services of the bank, Mr Edward [...]

Wed, 23 May 2018


Inflation rate drops by 0.86% in April

Again, Nigeria’s inflation rate measured by the Consumer Price Index, CPI, dropped by 0.86percent point in April 2018, the National Bureau of Statistics disclosed.

NBS in its CPI reports for April, suggest that the inflation rate stood at 12.48percent, away from the 13.34percent reported [...]

Wed, 23 May 2018


NCC give N50m research grant to universities

Nine researchers in Nigerian universities recently received N50million research grants from the Nigerian Communications Commission, NCC, to ensure the growth of the telecommunications industry in the country.

Speaking after the presentation of award letters to the Winners of the 2016, 2017 Rese [...]

Wed, 23 May 2018


Tax: Whistle blowers get N439million reward

 

Fourteen whistle blowers have received the sum of N439.27million as reward for providing reliable tips on individuals and companies that evaded their tax obligations to the federal government.

The whistle blower policy is a public interest instrument developed in December 2016 to [...]

Fri, 18 May 2018


FG to acquire 10,000 tractors through PPP

As part of its deliberate policy to promote mechanized agriculture in the country, the federal government has entered an agreement with John Deere tractors manufacturers to acquire 10,000 tractors through Public Private Partnership Programme.

The Minister of Agriculture and Rural Develo [...]

Fri, 18 May 2018


Bank’s credit to private sector drops by N140bn

The National Bureau of Statistics, NBS, reports that banks’ credit to the private sector fell by N140billion in the first quarter of 2018, dropping to N15.6trillion in the period.

The Bureau, in its latest banking sector report titled “Sectorial Breakdown of Credit, e-payment Channe [...]

Fri, 18 May 2018


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