The President of the Real Estate Development Association of Nigeria (REDAN), Mr. Aliyu Wamakko, has called on the Federal and state governments and all relevant stakeholders to actively engage in housing construction to stimulate the economy for overall national development. Wamakko, the 4th president of REDAN, who was sworn in February, said he was excited …read more →
Economy
Infrastructure, Capital, Patronage, are Main Problems of Nigerian MSMEs – PwC Survey
Small businesses in Nigeria have listed the most pressing problems impacting their operations to include obtaining finance, finding customers and infrastructure deficits. These are some of the findings from a survey of Micro, Small and Medium scale enterprises (MSMEs) in Nigeria conducted by PwC Nigeria. The survey findings were revealed during a recent webinar hosted …read more →
NNPC to Double Nigeria’s Domestic Oil and Gas Capacity by 2023
The Nigerian National Petroleum Corporation (NNPC) will double its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II from 1.1 billion standard cubic feet (BSCF) of gas to 2.2 BSCF. The Group Managing Director of the Corporation, Mr. Mele Kyari, spoke on the expansion at the fourth sub-Saharan Africa International Petroleum Exhibition and …read more →
President Buhari Urges Caution on ECOWAS Common Currency
President Muhammadu Buhari on Tuesday cautioned that the ambition for Eco regional currency could be in ‘serious jeopardy,’ unless member states complied with agreed processes of reaching the collective goal. President Buhari also expressed concern over the decision of francophone countries that form the West African Economic and Monetary Union (UEMOA) to replace the CFA …read more →
NCC to Boost Digital Transformation of Nigeria with 6 fully-functional Tier- 4 Digital Industrial Complexes
The Nigerian Communications Commission NCC is currently constructing and equipping fully-functional Tier-4 Digital Industrial Complex (DIC) in each of the geo-political zones in Nigeria with four of the packs already underway in Abeokuta, Enugu, Maiduguri and Kano. According to the Executive Vice Chairman (EVC) of NCC, Mr. Umar Danbatta the North Central and South geo-political …read more →
412km Sukuk-Funded Roads Completed …… We Have doubled our Efforts on Power – Buhari
President Muhammadu Buhari has said that ‘412KM sukuk-funded roads have been completed Buhari said his administration has taken advantage of the Sukuk bond — first issued in 2017 to target key road projects — to complete over 400 kilometers of road across the country He said out of the 643 kilometers of roads targeted through the …read more →
Marginal Oilfields: DPR Chooses June 19 for Final Submission of Bids
Nigeria has chosen June 19 2020 as final date for the submission of bids for sales of marginal oilfields, the Department of Petroleum Resources has said. By this new deadline, applicants are to submit their bids on or before Friday June 19 2020. The DPR launched the first marginal field award round in nearly 20 …read more →
AFCFTA to Launch Africa Free Trade Zone For Launch On Jan 1, 2021
The African Continental Free Trade Area (AfCFTA) could begin operating on January 1 next year, after the COVID-19 pandemic made its original launch date untenable, the official charged with overseeing the bloc’s establishment has said. AfCFTA Secretary-General Wamkele Mene said the new target date would be subject to the disease’s spread on the continent, Reuters …read more →
Shortage of Diverse Investment Channels Drives Demand for Nigeria’s 3rd Sukuk Issuance
Nigeria on Friday said investors lapped up its third offering of Sovereign Sukuk bond with an overwhelming 446 percent subscription level to the N150 billion it had intended to raise at the auction. According to the Debt Management Office (DMO), investors demanded a total of N669.124 billion of the bond but only N162.557 billion worth …read more →
Infrastructure: The Synergy of efforts between the ICRC, the MDAs and the Private Sector Is the Pedestal Nigeria Needs
The competitiveness of any economy in the modern world has correlation with its infrastructural state. The coveted knowledge economy which all nations now struggle to embrace is premised on hard infrastructure that propels real growth and impact lives. In this interview with the Director General,Engr. Chidi K.C. Izuwah talks about the giant strides Nigeria has …read more →