Business

No fewer than 16 countries, including Nigeria, Ghana, Niger Republic, Cameroon, Cote d’Ivoire and Mali, have been earmarked to benefit from the Economic Community of West African States/Regional Off-Grid Electricity Access Project, ECOWAS/ROGEAP grant initiative for Small and Medium Enterprises, SMEs for 2024. Other eligible countries are Burkina Faso, Benin...

Experts and crypto enthusiasts have lamented the current ban on Binance naira operations in Nigeria, stating it may increase youth unemployment in the country. In separate interviews with The PUNCH, the experts called on the government to look for better means of managing the country’s current foreign exchange challenges. An...

The Forum of South-East Academic Doctors (FOSAD) proudly felicitates Professor Barth Nnaji, a renowned academic, visionary leader and former Minister of Power on the momentous occasion of the commissioning of the $800 million Geometric Power Plant in Aba, Abia State. Professor Barth Nnaji’s unwavering commitment to advancing sustainable energy solutions...

…Posts N441.5billion revenue in 2023 full year The Backward Integration Policy of the Federal Government on Sugar will soon have a significant impact on Sugar production in Nigeria, as the Management of Dangote Sugar Plc is targeting an annual production of 1.5 million metric tons of sugar from locally grown...

..to introduce single window for tax collection The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zach Adedeji, on Wednesday disclosed that  the collection of revenue by over 60 government agencies is a major cause of leakage of funds. Adedeji said this duty should sole responsibility of the Service...

*summon Cardoso, manufacturers The House of Representatives has mandated its Committee on Small and Medium Size Enterprises (SMEs) to holistically investigate the cancellation of $2.4 billion worth of forward contracts sold to manufacturers by the Central Bank of Nigeria, CBN. Recently, CBN announced the invalidation of approximately $2.4 billion worth...

The Independent Media and Policy Initiative (IMPI) is convinced that Nigeria will witness economic growth in 2024, on the basis of the GDP figure of the last quarter of 2023 The policy group said in a statement signed by its Chairman Niyi Akinsiju, Tuesday in Abuja that it expects the...

*With collective effort we’ll overcome our challenges – VP Shettima The National Economic Council (NEC) has taken bold steps to ensure food security and put an end to the economic challenges confronting the nation, including making fertilizer available to farmers and the establishment of Agro-Rangers to tackle insecurity in farms....

Governor Abdullahi Sule of Nasarawa State has said that his administration has so far distributed 150 transformers aimed at improving power supply across the state. This is just as Governor Sule expressed readiness to build another power substation estimated at five hundred million naira, in order to improve electricity supply...

The Federal Government has assured to address the concerns of oil transporters and distributors to ensure smooth distribution following the high cost of operations and maintenance of trucks used in the distribution of petroleum products. Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known Monday in Abuja,...