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  • Federal Govt. Approves N15b for Road Linking Second Niger Bridge, €3.7m for Power

Federal Govt. Approves N15b for Road Linking Second Niger Bridge, €3.7m for Power

The Federal Executive Council (FEC) has approved N15 billion for the construction of an access road connecting the Benin-Asaba expressway to the Second Niger Bridge. Lai Mohammed, Minister of Information…

Zoho Unveils Unified Communications Platform . Hits 30% YoY Revenue Growth,  16 million+ Users Globally

Establishing itself as a central work hub or virtual headquarters, Zoho Workplace is a unified office platform that combines collaboration, productivity, and communications tools.

NBS says Nigeria Spent N205.38b on Importation of Medicines

According to the National Bureau of Statistics (International Trade Data), Nigeria spent N205.38 billion on the importation of medicines in a period of nine months. The drug was imported between…

Report Reveals how Productivity will lift 133m Nigerians from Poverty

To lift 133 million people out of poverty, Nigeria must increase productivity, according to a recent analysis by Stears Business. Recently, the Nigerian Government launched a new tool for measuring…

Buhari Seeks Approval to Borrow N819.5B to Finance 2022 Supplementary Budget

The House of Representatives has been requested by President Muhammadu Buhari to adopt a N819.5 billion supplemental budget for 2022. The budget would be financed through fresh domestic borrowing, according…

FG’s N100b Sukuk Bond Oversubscribed by 165%, According to DMO

According to the Debt Management Office, the N100 billion federal government’s Sukuk bond has received a roughly 165% oversubscription.   The DMO stated this in a statement on Tuesday.  …

Nigeria Pays ECOWAS $100M in Levies for 2022

The Economic Community of West Africa (ECOWAS) has received community levy payments totaling US$100,324,011.33 from the Federal Government of Nigeria just this year. This was stated during the presentation of…

World Bank says Food, Energy crises will Intensify amid Naira Crash

The price of Brent crude oil in US dollars declined by almost 6% between the Russian invasion of Ukraine in February 2022 and the end of last month, it was…

[BREAKING] Sanwo-Olu Presents N1,692trn Budget For 2023

It would be recalled that the Lagos State House of Assembly passed the 2022 budget estimates with a slight increase of the grand total from the initial N1.38 trillion to…

Nigeria Needs $2.3trn to Bridge Infrastructure Deficit, says Finance Minister

Nigeria has issued four circles of SUKUK bonds totaling N64.5 billion, and there’s a fifth circle that is under preparation that will be worth about N250 billion

Nigeria Spends N13.7trn on Fuel Subsidy in 15 years – Report

Economists insist fuel subsidy is unproductive, slows economy

Budget Office says Nigeria may Seek Bailout from IMF

Nwabueze said it was time for the nation to start considering the increase in taxes as a means of raising revenue while considering a cut-down on its expenditure.

FG to Begin a $750 Million World Bank-Funded Program

Osinbajo made the claim at a PEBEC meeting where he was briefed on the State Action on Business Enabling Reforms Program run by the secretariat and the World Bank, according…

NDIC Hails CBN’s Proactive Supervisory Framework

The Supervisory Framework describes the principles, concepts, and core processes that OSFI uses to guide its supervision of federally regulated financial institutions (FRFIs).

Cashbox Has a New Savings App for Kids – KidsBox 

Exposing kids to saving isn't just a basic money habit.  Saving teaches discipline and delayed gratification.