The Management of the Infrastructure Concession Regulatory Commission (ICRC), says it has in the last 10 years shored up the Nigerian economy with over 8.5 billion dollars generated from Public Private Partnerships (PPPs). The Director-General of ICRC, Mr Chidi Izuwah disclosed this on Thursday in Abuja when he received a delegation of the National Hajj Read More…
The National Bureau of Statistics (NBS), says the Federal Government generated N424.71 billion as Value Added Tax (VAT) in the third quarter (Q3) of the year as against N327.2 billion generated in the second quarter (Q2). NBS made this known in its “Sectoral Distribution of Value Added Tax Data for Q3 2020”, released on Monday Read More…
Advocates of women entrepreneurs have identified inadequate finance and information as topmost challenges among the leading Non-Tariff Barriers (NTBs) facing African businesswomen. The advocates stated this on Wednesday during a webinar on the Trade Easier Platform, a mechanism for reporting, monitoring and eliminating NTBs under the African Continental Free Trade Area (AfCFTA). According to them, Read More…
The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The manufacturing PMI for the month Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has implored all stakeholders to prioritise dialogue and constructive engagement to rebuild the nation from the aftermath of the #EndSARS protests. LCCI President, Mrs Toki Mabogunje, gave the advice in a statement issued in Lagos on Monday. Mabogunje reiterated the chamber’s position on the imperative of peace, Read More…
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has advised the EndSARS protesters to progress to dialogue as the next stage of civic engagement, in consideration of economic activities. Mrs Toki Mabogunje, President, LCCI, made the appeal in a statement on Monday in Lagos. Mabogunje said the dialogue phase was necessary to reduce the massive Read More…
The Nigerian Copyright Commission (NCC) has arrested and arraigned seven suspected and notorious pirates in Court. Mr. John Asein, Director General (DG) of the NCC, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Yola, where he will present a copyright certificate to a prominent stakeholder in the state. Read More…
The Federal Government, states and local government councils have shared N639.901 billion for the month of September, Mr Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has said. Mr Hassan Dodo, Director of Information in the ministry, quoted Ahmed as disclosing this in a statement issued at the end of the Federation Read More…
The National Bureau of Statistics (NBS) says inflation rate in September rose by 0.49 per cent to 13.71 per cent from 13.22 per cent recorded in August. NBS made this known in its Consumer Price Index (CPI) for September released on Thursday in Abuja. It said the increase in the inflation in September was on Read More…