The Nigerian Investment Promotion Commission (NIPC) said it tracked $8.41bn worth of Investments from 15 Projects across eight States. The States include: Bayelsa, Lagos, Kano, Nasarawa, Delta, Edo, Bauchi and Akwa Ibom.
As the nation battles the spike in poverty rate, the Presidential Economic Advisory Council (PEAC) has disclosed that $1.6 trillion was needed to effectively tackle the scourge in Nigeria within a period of 10 years as it expressed optimism in the ability of the federal government to achieve poverty reduction within the specified time frame.
The Lagos Chamber of Commerce and Industry (LCCI) says the rising insecurity in Nigeria has reduced investor confidence.
The Ekiti state government has received 250 cows from the United States as part of a joint venture programme with Promasidor Group, a food and beverage company.
The Onne command of the Nigeria Customs Service (NCS) has generated N39billion as revenue for the federal government for the first quarter of 2021.
The CBN’s economic report on ‘Sectoral Utilisation of Foreign Exchange’ for January said a total of $160 million was spent from Nigeria’s FX on importing food in January.
The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, yesterday expressed concern over the decrease in volume of trade between Nigeria and South Korea.
Nigeria Economic Summit Group (NESG) has described the business space in Nigeria as over-regulated, and urged the federal government to navigate the economy from the current doldrums.
Mr Thomas Muopshin, the Project Coordinator, Plateau Potatoes Value Chain Support Project, says the project has significantly boosted the state internally generated revenue.
Professor Ofiafoh Eiya, a Professor of Accounting and Taxation, University of Benin, Benin City, has called for the diversification of the economy to agriculture and solid minerals for sustainable national growth and development.
The International Monetary Fund (IMF) says sub-Saharan Africa’s low-income countries face additional external funding needs of about $245 billion over the next five years or 425 billion dollars for the whole region.
The 36 states and the Federal Capital Territory (FCT) generated N1.31 trillion as Internally Generated Revenue (IGR) in 2020 compared to N1.33 trillion recorded in 2019, the National Bureau of Statistics (NBS) says.
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday weighed in on the raging controversy over whether or not the apex bank printed money to augment funds from the Federation Account Allocation Committee (FAAC) distributed to states and the Federal Capital Territory (FCT) in March.
The recognition that internet access and broadband penetration will become existential in the nearest future and will determine Nigeria’s competitiveness in the global economy, among others, is the driving force behind the Buhari administration’s initiative on broadband connectivity for all, according to Vice President Yemi Osinbajo, SAN.
Edo Governor Godwin Obaseki has faulted the Minister of Finance, Budget, and National Planning, Zainab Ahmed, for denying that the Federal Government printed N60 billion in March to support allocation to states.
A survey by the National Bureau of Statistics, NBS, has shown that poorer households suffered volatile work situations in February this year, resulting in a six-month (September to February 2020) decline in the share of workers in the lowest consumption quintile/ class.
The Nigerian Investment Promotion Commission (NIPC) says Lagos state is the seventh fastest-growing city in the world, with the highest Gross Domestic Product (GDP) and Internally Generated Revenue (IGR) in Nigeria.
The Election Petitions Tribunal sitting in Calabar Friday, upheld the victory of the Peoples Democratic Party (PDP) candidate, Dr. Stephen Odey, in the Cross River North Senatorial District by-election.
The Nigeria Customs Service (NCS) on Friday paraded six suspects who smuggled 45,000 litres of adulterated diesel contained in 750 giant polythene bags, which were carefully concealed among sacks of sawdust to deceive security operatives. The seized product has an estimated value of N21,920 million.
The coelacanth - a wondrous fish that was thought to have gone extinct along with the dinosaurs 66 million years ago before unexpectedly being found alive and well in 1938 off South Africa's east coast - is offering up even more surprises.
Olympic long jump silver medallist Luvo Manyonga is set to miss the Tokyo Games after being banned for four years for a second anti-doping rule violation, the Athletics Integrity Unit (AIU) said on Friday.
A Myanmar military truck exploded in one of two blasts near an office of an army-backed political party in the country’s biggest city on Friday, local media reported, and a senior rescue official said two people were killed and six wounded.
The Nigerian Communications Commission (NCC) says it has commenced a review of existing licence structure for telecoms operators in the country.
The federal government flagged off the construction for the completion of Farin-Ruwa Hydropower Multipurpose Dam, in the Wamba Local Government Area of Nasarawa State on Saturday.
A political pressure group, Better Delta State, on Wednesday called on politicians in the state to support the governorship ambition of the Ijaw ethnic group in the 2023 election for equity and justice.
U.S. President Joe Biden and Russian President Vladimir Putin agreed at their first summit on Wednesday to return ambassadors to each other's capitals after they were withdrawn earlier this year.
Manchester United and France star, Paul Pogba, lept to the defence of Chelsea and Germany defender Antonio Rudiger.