A New Hike In Inflation May Occur This MonthMonday, May 20, 2024
Inflation rate has been forecasted to hit 34.56 per cent this month. The projection is based on the synchronised impact of renewed currency pressures, food demand-supply imbalances, elevated energy prices and unfavourable base effects from last year. The Cordros Capital Research noted that the he ...
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Only Two Per Cent Of Investments Is In Liquid Assets - PenComMonday, May 20, 2024
The National Pension Commission (PenCom) has disclosed that only two per cent of the N19.67 trillion total pension assets, which amounts to N396.3 billion, is in cash as of the end of the first quarter. This was disclosed due to a reported plan by the federal government to borrow 20 trillion from ... |
Stakeholders Seeks Partnership With FG On CNG InitiativeMonday, May 20, 2024
The President of the Association of Automobile Boatyards Transport Equipment and Allied Employers of Nigeria, Adekunle Jaiyesimi, has called on President Bola Tinubu, to carry all relevant stakeholders along as it steps up efforts to enhance the adoption of Compressed Natural Gas in the country. ... |
CITN Urges Govt To Stop Non-State Actors From Collecting TaxesMonday, May 20, 2024
The Chartered Institute of Taxation of Nigeria has called on the three tiers of government to stop non-state actors from collecting taxes in the country. CITN rsquo;s President/Chairman of Council, Samuel Agbeluyi, disclosed this while speaking on the sidelines of the inauguration of the CITN Abu ... |
UK Regulator Reports Air Peace Over Alleged Safety ViolationMonday, May 20, 2024
The United Kingdom Civil Aviation Authority has written to Nigeria rsquo;s Civil Aviation Authority disclosing that Air Peace has reportedly violated some aviation safety regulations This was made barely three months after the Nigerian carrier commenced the Lagos-London route. The CAA rsquo;s ... |
Women Received 72% of N787bn Fund Beneficiaries, Says DBNSunday, May 19, 2024
The Development Bank of Nigeria noted that it disbursed N787bn to over 495,000 Micro, Small, and Medium-scale Enterprises as of the end of 2023, and 72 per cent of the beneficiaries were women, while 24 per cent of them were youths. This was disclosed in its recently released cumulative lsquo;So ... |
SIFAX Boss Highlights The Endless Potential Of Blue EconomySunday, May 19, 2024
The Chairman, SIFAX Group, Dr. Taiwo Afolabi, has explained that the coastal tourism and renewable energy generation as some of the potential areas of growth that Nigeria needs to take advantage of in developing its blue economy. This was disclosed by Afolabi, while delivering the 16th Convocatio ... |
Moniepoint Recognized As Africa’s Fastest Growing Financial InstitutionSunday, May 19, 2024
Moniepoint Inc, parent company of Nigeria rsquo;s leading financial institutions, Moniepoint MFB and TeamApt Ltd has been ranked as Africa rsquo;s fastest-growing financial institution by the Financial Times. This was disclosed in its annual ldquo;Africa rsquo;s Fastest Growing Companies rdquo; ... |
PIA Set To Boost Success Of Nigeria’s Oil Bid Round - PETANSunday, May 19, 2024
The Petroleum Technology Association of Nigeria (PETAN) has expressed commitment that the nation rsquo;s Petroleum Industry Act (PIA) will enhance the success of the 2024 oil bidding round. This was disclosed by the Chairman of PETAN, Wole Ogunsanya, an engineer, during a road show by the Nigeria ... |
NNPC Denies Fire Outbreak On Petroleum DepotSaturday, May 18, 2024
The Lagos Fire Service has announced that a petroleum tank farm caught fire in the Apapa area of Lagos State on Friday. However, the Nigerian National Petroleum Company Limited, which owned the oil depot, denied the claim of the incident. The Director of Public Affairs of the Lagos State Fire ... |
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