Industry & Money
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188Nigeria Wins Right to Host $5b African Energy Bank
The federal government announced on Thursday that Nigeria has been granted the hosting rights for the $5bn African Energy Bank. It said...
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180CNG Takes Only 3% of Nigeria’s Gas
Only 3% of Nigeria’s gas is currently deployed to produce the Compressed Natural Gas (CNG). The Minister of State, Petroleum Resources (Gas),...
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136Nigeria Targets $1tr Economy by 2030, Launches Initiative
The federal government has launched a new initiative to establish an operating model and framework for Economic and Financial Inclusion, aiming to...
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620ATCON: Weak Investment in Telecoms Sector, High Cost of Smartphones Impeding 4G, 5G Penetration
President of the Association of Telecoms Companies of Nigeria (ATCON), Tony Emoekpere, has attributed the slow penetration rate of the fourth generation...
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138FG Issues Fresh Regulations on Deduction of Withholding Tax at Source
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has released fresh regulations on withholding tax under the Capital...
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152Credit to Government Rises by 42% to ₦28.4tr
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion in...
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153Rail Transport Revenue Rises 122% to ₦2.11b
Rail transport revenue grew by 122 percent, Year-on-Year, YoY to N2.11 billion in the first quarter of 2024 (Q1’24) from N949.94 million...
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24680% of Nigerians Can’t Afford Mortgage –Minister
Ahmed Dangiwa, Minister of Housing and Urban Development, says more than 80 per cent of Nigerians cannot afford mortgage to own houses....
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153CNG Conversion: FG Offers ₦750,000 Subsidy Per Transporter
The Federal Government, on Thursday, met with transporters and stakeholders in the transportation sector in a bid to accelerate the adoption of...
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224Nigeria’s Excess Crude Account Now $473m –NEC
Nigeria’s Excess Crude Account (ECA) has been put at $473,754.57, the Stabilisation Account at N28,738,722,369.83, and the Natural Resources Fund at N53,891,102,650.71....
