The National Bureau of Statistics (NBS) has reported that the 36 states and the Federal Capital Territory (FCT) witnessed a 1.6 per cent year-on-year growth in Internally Generated Revenue (IGR), amounting to N1.92 trillion in 2022, up from N1.89 trillion in 2021. These figures are outlined in the NBS report on Internally Generated Revenue at Read More…
In northern Nigeria, the paramilitary agency, the Nigeria Security and Civil Defence Corps (NSCDC), disclosed that 76 individuals were arrested for participating in a birthday party for gay people, with reports that the organiser had also intended to conduct a same-sex wedding, an act deemed illegal in the country. This incident represents the latest in Read More…
Nigeria anticipates the inflow of $10 billion in foreign currency over the next few weeks to alleviate the liquidity constraints in the foreign exchange market, which have hampered growth in Africa’s largest economy, according to Finance Minister Wale Edun. The West African nation has grappled with persistent dollar shortages, a consequence of foreign investors exiting Read More…
Nigeria marked a historic victory on Monday as it successfully overturned an $11 billion damages ruling tied to a collapsed gas project, a case characterised by a London High Court judge as a stark example of greed and corruption. Previously, Africa’s most populous nation had been ordered to pay this substantial sum, equivalent to about Read More…
The Federal Government, on Monday, reiterated its unwavering dedication to the transformation of the insurance sector and the safety of Nigerian citizens. The Commissioner for Insurance (CFI) at the National Insurance Commission (NAICOM), Sunday Thomas, emphasised this commitment during the National Insurance Conference 2023 in Abuja, which was centred around the theme “Redefining Safety – Read More…
The President of the Nigeria Golf Federation (NGF), Otunba Olusola Runsewe, revealed that Dr. Awa Ibraheem, a dedicated golf enthusiast, is set to become one of the honoured inductees in the upcoming Nigeria Golf Hall of Fame. Speaking during the closing ceremony of the 10th Awa Ibraheem Junior Open Golf Championship held at Ikeja Golf Read More…
In a much-anticipated sporting event, 180 players are poised to assemble on the squash courts of Teslim Balogun Stadium in Surulere, Lagos, for the inaugural edition of the John Hett Sports Foundation (JHSF) Squash Championship, set to unfold from October 25 to 28. Sola Adekunle, Chairman of the Yellow Dot Squash Association, announced this exciting Read More…
Lagos State is emerging as a strategic hub for economic growth, with Governor Babajide Sanwo-Olu reaffirming the state’s vital role in driving opportunities presented by the African Continental Free Trade Agreement (AFCFTA). Speaking at the 51st Annual General Meeting of the Manufacturers Association of Nigeria (MAN) held in Lekki, Governor Sanwo-Olu highlighted the significance of Read More…
The Federal Controller of Works in Lagos, Mrs. Olukorede Kesha, expressed satisfaction with repairs done on the Third Mainland Bridge, assuring motorists of a “smooth ride” till the commencement of comprehensive rehabilitation in January 2024. Kesha gave the assurance on Sunday during an on-the-spot assessment of the repairs on the bridge. The controller had, on Read More…
