Business

Dangote’s Investment in Nigeria’s CNG Projects Hits Over $280m, Now Largest CNG Operator

Dangote Cement Plc has made significant investments exceeding $280 million in compressed natural gas (CNG) technology and infrastructure. Nigerian President Bola Tinubu, whose commitment to CNG deployment and clean energy is unmatched in Africa, has maintained his administration’s drive to create a conducive environment for private sector investments and expand Nigeria’s CNG infrastructure to enhance […]

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President Bola Ahmed Tinubu
 Financial

Three Tiers of Nigerian Govt to Share N1.298trl September 2024 Revenue

The Nigerian Government is sharing the sum of N1.298 trillion from its September 2024 Federation Accounts Revenue among the three tiers of Government. The Federal Government of Nigeria, States and the Local Government Councils will share the money, according to revenue distribution statement announced at the October 2024 meeting of the Federation Accounts Allocation Committee […]

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Technology

Nigeria’s Stride Towards Food Sufficiency to Improve as NITDA Signs MoU with NADF on Technology Application

The National Information Technology Development Agency (NITDA) and the National Agriculture Development Fund (NADF) has signed a Memorandum of Understanding, (MoU) to boost productivity in Agriculture. The NITDA’s Director General, Kashifu Inuwa and the NADF Executive Secretary, Muhammed Abu both signed the MoU, which would ensure food security in Nigeria through the infusion of emerging […]

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Former Vice President Prof Yemi Osinbajo drives Nigerian electric car, Kona
 Business

Nigeria to be Electronic Vehicle Production Hub UK Firm Signs Large-Scale Partnership on Lithium Mining

Nigeria is expected to be hub for electric car manufacturing in Africa as a partnership that would immensely boost the country’s lithium mining and downstream batteries, has just taken off. ReElement Technologies Corporation, a provider of high performance refining capacity of rare earth and critical battery elements, announced the partnership with United Kingdom-based Jupiter Lithium to develop […]

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Business

Stakeholders, Experts Advocate for ‘Creating Shared Value’ as Panacea for Attracting Investment

Creating Shared Value (CSV) approach to sustainability as a fundamental business strategy in Nigeria and beyond was a focal point when Shared Value Africa (SVA), in collaboration with Lagos Business School Sustainability Centre and ZER Consulting Africa, hosted the CEO Connect Forum in Lagos, Southwest, Nigeria. The event which also saw the official launch of […]

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Economy

CAC to Revoke 4,173 Bureau De Change Certificates of Incorporation for Non-Compliance

Bureaux De Change whose licences have been revoked by the Central Bank of Nigeria soon will finally be thrown out business. According to the Acting Director, Corporate Communications the Corporate Affairs Commission Sidi Hakama, 4,173 Bureau De Change operators will have their certificates of incorporation revoked soon. The CAC in a notice on its website […]

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Business

INSIDER SOURCES: Onboarding of Application for Suspended Three Communications Licences May Dawdle Beyond Expectation

The onboarding of the earlier suspended three Communications licenses by the Nigerian Communications Commission (NCC) for prospective telecoms operators to apply may not happen soon. More worrisome is the fact that the lifting of the ban depends on the stakeholders who need to find a common ground to pave the way for the NCC to […]

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Business

Nigeria’s Debt Servicing Gulps $2.2bn in Five Months, Plans More World Bank Loans, Says CBN

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said that Nigeria will be getting some funds from the World Bank in a few weeks. The latest data from the Central Bank of Nigeria has revealed that the federal government spent about $2.2 billion on debt servicing in the first five months of […]

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Business

Over 30 Million Corp Members Set to Acquire Digital Skills as NITDA, NYSC Launch Initiative 

The National Information Technology Development Agency (NITDA), in partnership with the Ministry of Youth and Sports Development and the National Youth Service Corps (NYSC), has launched a comprehensive initiative to enhance digital literacy for corpss across the nation. The strategic partnership underRoadmap and Action Plan (SRAP 2.0), which was formalised at the NYSC Secretariat in […]

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Business

JUST IN: Afreximbank Disburses Additional  $925m to Nigerian Govt in Oil-for-Loan Agreement.

  African Export-Import Bank (Afreximbank)  has announced an additional disbursement of US$925 million under the syndicated US$3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company (NNPC) Limited. This brings the total current funded facility size to US$ 3.175 billion. Arranged and coordinated by Afreximbank, the accordion arrangement saw the raising of […]

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