Nigeria Economy Archives — Page 2 of 3

September 25, 2021 No Responses

Nigeria Approves 12,000 Expatriates’ Quota In Two Years

Between August 2019 and September 2021, the Federal Government granted 12,000 expatriate quota licences to foreigners seeking to work in Nigeria. Media Adviser to the Minister of Interior, Rauf Aregbesola, Sola Fasure, in a statement issued on Friday, explained that...

September 24, 2021 No Responses

FG, States, LGs Share N696.9b

The Federation Accounts Allocation Committee (FAAC) has shared N696.965 billion as federation allocation for August. This is contained in a statement issued on Thursday by Mr Oshundun Olajide, Deputy Director (Information), Ministry of Finance, Budget an...

September 24, 2021 No Responses

Norway Blames Rising Cost Of Stockfish In Nigeria On Forex Ban

Norway Ambassador to Nigeria, Mr Knut Lein, on Friday, blamed the rising cost of stockfish in Nigeria on the inclusion of stockfish on forex banned list. The News Agency of Nigeria (NAN) recalls that the Central Bank of Nigeria (CBN)&nbs...

September 23, 2021 No Responses

FG To Promote Digital Economy

The Federal Government has said that it would facilitate the promotion of industrial digital economy, sustainable and inclusive economic development in Nigeria and Africa. Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning, said this at ...

September 22, 2021 No Responses

NCC Task Stakeholders On Digital Economy

The Nigerian Communications Commission (NCC) says the digital economy has the potentials and offers opportunities for diversification from the oil and gas economy to put Nigeria on the global map of digitally prosperous nations of the world. Prof. Umar D...

September 15, 2021 No Responses

Dana Air Boss Reiterates Commitment To Nigeria’s Economic Growth

The Chief Executive Officer of Dana Air, Jacky Hathiramani has restated Dana Air’s commitment to Nigeria’s Economic growth. The Dana Air boss made this known at the 14th Annual Banking and Finance Conference of the Chartered Institute of Ba...

September 12, 2021 No Responses

Nigeria Exports N41.9b Sesame, N13.7b Cashew In 2021 Q1

Federation of Agricultural Commodity Association of Nigeria (FACAN) says Nigeria’s agricultural export stood at N127 billion in the first quarter of 2021. The figure, according to the organisation, represents 128 percent increase, compared to N55.8 billion i...

September 9, 2021 No Responses

MTN Nigeria Announces Renewal Of UAS, Spectrum Licences

MTN Nigeria Communications Plc has announced the renewal of its Unified Access Service (UAS) and Spectrum for wireless local loop 900MHz and 1800MHz band licences. This is contained in a notice by MTN Nigeria signed by the Company Secretary, Mrs...

August 23, 2021 No Responses

‘FG Unveils 1,667 ICT Centres, 455 Projects Ongoing’

The Minister of Communications and Digital Economy, Dr Isa Pantami, says that the ministry has inaugurated no fewer than 1,667 Information Communications Technology (ICT) centres across the country. He also said that more than 455 other projects were ongoing i...

August 21, 2021 No Responses

Nestle Empowers 50 Rural Women In FCT, Targets 300 In Second Phase

Nestle Nigeria Plc., on Friday inaugurated a project aimed at empowering rural women in Nigeria to scale up their retail businesses through training, mentorship and grants with Nestle products. Mr Khaled Ramada, Nestle Nigeria’s Commercial Manager, at the ev...

August 19, 2021 No Responses

FIRS Targets N10.1trn Revenue In 2022

The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year. Chairman of FIRS, Muhammad Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in ...

August 16, 2021 No Responses

Lagos Targets 10m Coconut Trees By 2024

The Lagos State Government in collaboration with the Food and Agriculture Organisation (FAO) has started the rehabilitation of its coconut belt aimed at producing 10 million coconut trees by 2024. The Commissioner for Agriculture, Ms Abisola Olusanya, made t...

July 13, 2021 No Responses

Economist Lauds Danbatta On N150b Spectrum Fees In Five Months

An economist, Dr Matthew Otoide has commended the board, management and staff of the Nigerian Communications Commission (NCC) for exceeding its projected revenue from spectrum license fees for 2021 from N36 billion to N150bil...