By Kadiri Abdulrahman The Federation Account Allocation Committee (FAAC), has shared the sum of N1.1 trillion to the Federal Government, states and Local Government Councils (LGCs) for August. This is contained in a communiqué issued by the FAAC at its September meeting. The communiqué said that the N1.1 trillion totalContinue Reading
By Lydia Ngwakwe Parallex Bank Ltd. has reaffirmed its commitment to helping organisations and individuals in showcasing contributions of indigenous and non-indigenous communities to the country’s economic development. The Managing Director of Parallex Bank, Dr Olufemi Bakre, expressed the commitment on Monday in Lagos at the International Food andContinue Reading
By Rukayat Adeyemi Dr Yeside Oyetayo, pioneer Rector of the College of Insurance and Financial Management (CIFM), Lagos, has described her efforts to build the institute from the scratch as “tough, but interesting”. Oyetayo told the News Agency of Nigeria (NAN) in Lagos on Monday that she resumedContinue Reading
By Olawunmi Ashafa, News Agency of Nigeria (NAN) Since the attainment of independence 63 years ago, Nigeria has been battling with development issues, despite its natural endowment in human and material resources. Several strategies by successive civilian and military administrations have met with limited successes. Continue Reading
By Ismail Abdulaziz President Bola Tinubu said that the Federal Government has been taking the paths to economic greatness since his administration assumed office in May. Tinubu stated this in an address on the occasion of the nation’s 63rd Independence Anniversary on Sunday in Abuja. He said that the actualisationContinue Reading
By Joy Odigie Shareholders of Presco Plc. have approved payment of final dividend of N6.60 per share, indicating N6.6 billion, for the year ended Dec. 31, 2022. The company had paid an interim dividend of 20k per share, which amounted to N2 billion. The latestContinue Reading
By Rukayat Moisemhe The Enugu State Government said it will be collaborating with the Indonesian Government to foster mutual prosperity, capital flows and diversification of Indonesian industries into the state. Prof. Chidiebere Onyia, Secretary to the State Government (SSG), made this known on Friday at the Nigeria Indonesia Trade andContinue Reading
By Ikenna Uwadileke The Federal Government says it is putting in place a N75 billion intervention fund to support small businesses in response to the country’s current economic challenges. The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, said this at the beginning of the 18th Abuja International TradeContinue Reading
By Yetunde Fatungase An expert in Economics, Dr Obindah Geshon, on Thursday in Abeokuta urged the Federal Government to look into extending the country’s rail network towards the border regions. Geshon, in his lecture at the 38th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN), said thisContinue Reading
By Justina Auta The Nigerian Economic Summit Group (NESG), says strategic efforts are in place to galvanise actions that will address high unemployment and minimise brain drain in the nation’s economy. Ms Amina Maina, the Chairperson, Central Organising Committee at the NESG 29th Summit (NES 29) said this in aContinue Reading
