By Constance Athekame The Federal Government says plans were on the way to offset the N4 trillion debt owed the Power Generation Companies (GenCos) for electricity generated. Mr Bola Tunji, Special Adviser, Strategic Communications and Media Relations, to the Minister of Power, made this known in an interview with theContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC), has raided and sealed some shops at Utako market for selling re-bagged and under-weight bags of rice. Sealing the shops in Abuja on Tuesday, Mrs Boladale Adeyinka, the Director, Surveillance and Investigations Department of FCCPC, said the raid followedContinue Reading
By Lucy Ogalue The Central Bank of Nigeria (CBN) has pledged to support the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) to promote corporate governance and administrative excellence in the country. The CBN Governor, Mr Olayemi Cardoso, said this at a fundraising for the construction of the institute’sContinue Reading
By Okeoghene Akubuike Africa’s real Gross Domestic Product (GDP) is projected to grow by 4.0 per cent in 2025, in spite global economic fragility, says Afreximbank Research Report. The 2025 African Trade and Economic Outlook (ATEO) Report, a research by Afreximbank, said Africa’s real GDP is projected to reachContinue Reading
By Grace Alegba Mr Oliver Alawuba, Group Managing Director, United Bank for Africa (UBA), says Nigeria requires a double-digit Gross Domestic Product (GDP) growth to achieve the projected one-trillion-dollar economy target by 2030. Alawuba made this remark on Monday in Abuja, at the ongoing 36th Edition of the Finance CorrespondentsContinue Reading
By Okeoghene Akubuike African Export-Import Bank (Afreximbank) says it posted a net income of 973.5 million dollars for Financial Year (FY) 2024. According to the bank, this represents a 29 per cent increase from 2023. Vincent Musumba, Afreximbank Communications and Events Manager, revealed the consolidated financial statements of the bankContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion-dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance Correspondents Association of Nigeria (FICAN).Continue Reading
By Nana Musa The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, says the bureau has revitalised inter-agency collaboration to tackle procurement corruption. He stated this on Monday in Abuja at a national stakeholders’ interactive workshop with Civil Society Organisations (CSOs) on current procurement trends and reformContinue Reading
By Martha Agas The Minister of Solid Minerals Development, Dr Dele Alake, has said that the prevailing barrage of tariffs imposed by the United States may be a blessing in disguise for African countries. Alake stated this during the Fireside Chat session on Foreign Direct Investment, titled ‘The Alchemy ofContinue Reading
By Stanley Nwanosike The National Directorate of Employment (NDE) says it recently concluded the nationwide resettlement of 5,532 beneficiaries trained in various skills under its Renewed Hope Employment Initiative. The Director-General of NDE, Dr Silas Agara, said this on Sunday during the NDE Special Day at the ongoing 36th EnuguContinue Reading
