Banking and Finance Economy News & Reports Trade and Investments

Nigeria’s Inflation Rate Will Drop To 21% In 2024, Says Cardoso

Amid the rising prices of foodstuff and other commodities in the market, the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the nation’s inflation rate will drop. Nigeria’s inflation has been on the rise for 11 consecutive months, reaching its peak in December 2023, according to the National Bureau …read more →

AFRICAReports Economy Infrastructure News & Reports

Shell Agrees to Develop Nigeria Gas Field for Dangote Fertiliser

(Reuters) – Shell Plc has made a final investment decision to build a gas supply facility in Nigeria to feed a fertiliser plant owned by Africa’s richest man Aliko Dangote, the company said in a statement. The new facility will supply 100 million standard cubic feet of gas per day from the Iseni field to …read more →

Banking and Finance Economy Industialisation Infrastructure Infrastructure Financing News & Reports

BOI, IFC Advocate Collaborative Financing to Enhance Nigeria’s Industrialization Agenda

The Bank of Industry (BOI) and the International Finance Corporation (IFC) have stressed the need for joint investment financing to drive infrastructural development in Nigeria’s industrialization agenda. They also stressed the need for enhanced access to funding for businesses, women and youth to support sustainable growth in the country. They said this at the BOI …read more →

Economy News & Reports

Halilu Targets First Quarter 2024 To Put NASENI Products in Nigeria Market

*Agency to Commercialise Products Via Technology Transfers * Secures $200m Deal with REA on Renewable Energy *Attracts Lots of Private Sector Requests The Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure (NASENI), Mr. Khalil Suleiman Halilu has said his vision or direction for the Agency’s products and technologies is to make …read more →

Economy News & Reports Trade and Investments

Why Government Should Support Our Quest for A Viable, Productive Manufacturing Sector – MAN

If foremost Nigerian industrialists such as Adeola Odutola, Sir Louis Odumegwu Ojukwu, Adeyemi Lawson, Henry Fajemirokun, and the renowned technocrat and industrialist Olawale Kuye resurrect today, they would be disappointed with the way the one-time thriving manufacturing sector in Nigeria has deteriorated. They were  prominent members of the Manufacturers Association of Nigeria  (MAN) They would …read more →

Economy News & Reports

Budget Minister, Stakeholders Want Inclusive, Robust National Statistical System

The Minister of Budget and Economic Planning, Abubakar Bagudu, has called for a robust, and inclusive national statistical system in Nigeria. Bagudu said this at the National Stakeholders’ Workshop on the Production of National Strategy for the Development of Statistics (NSDS) Phase III 2024-2028 in Abuja on Tuesday. Bagudu, represented by the Permanent Secretary of …read more →

AFRICAReports Banking and Finance Economy News & Reports Trade and Investments

ACT Foundation Opens 2024 Grant Cycle to Empower Non-profits and Social Enterprises in Africa

Aspire Coronation Trust (ACT) Foundation has announced the opening of the highly anticipated 2024 ACT Grant Cycle, an initiative designed to support and scale up non-profits and social enterprises in Africa. The 2024 Grant Cycle, which opened on Monday, 23rd October and closes on Friday, 10th November, is targeted at non-profits and social enterprises in …read more →

Economy ENERGY Infrastructure News & Reports Photo News

Kaduna Refinery  To Be Ready  By Q4 2024—Minister

The Nigerian National Petroleum Company Limited (NNPCL)  which reported this on its  X  (Twitter ) handle stated that the Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. Lokpobiri said he is confident that …read more →

Economy Infrastructure News & Reports Technology Telecom

DG NITDA says Blockchain Technology will Revolutionize Governance, Enhance Transparency

Mallam Inuwa Abdullahi Keshifu, the Director General of the National Information Technology Development Agency, NITDA, says Blockchain technology, with its inherent principles of transparency, security, and decentralization can streamline governance and enthrone accountability. He said NITDA is fully committed to supporting and nurturing the growth of the blockchain and digital assets ecosystem in Nigeria as …read more →

Banking and Finance Economy Infrastructure Infrastructure Financing News & Reports Technology Telecom

Digital Sector: FG Gets $500m for Local Funding – Minister

Communications and Digital Economy Minister, Dr. Bosun Tijani, has disclosed that the Federal Government has secured a $500 billion loan for a local funding programme. This initiative, he said, is aimed at boosting innovation and entrepreneurship within the country’s digital sector. The minister, who stated this at a dinner Friday organised in his honour in …read more →