Enugu State Government says it will improve budgetary allocations to youths and sports sectors of the state as a mean of encouraging innovations and entrepreneurship by young people. The Commissioner for Budget and Planning, Mr. David Ugwunta, disclosed this on Wednesday in Enugu during a policy dialogue on `Increasing Budgetary...
The Organization of Petroleum Exporting Countries (OPEC) says world oil demand will increase by 5.8 million barrels per day in 2021. OPEC made this known in its Oil Market Report for October 2021, a copy which was obtained by the News Agency of Nigeria ( NAN) on Wednesday in Lagos. The...
The Nigeria Customs Service, Area II Command Onne Port, has generated  N128,317,325,936.68 as revenue from January to September 2021. The collected figure is N45,761,404,176.65 above the total of N82,555,921,760.03  collected within same period in 2020, representing a  55.4 per cent increase. A statement by Ifeoma  Ojekwu, Customs Public Officer, Area ll...
Exhibitors at the 16th Abuja International Trade Fair have expressed satisfaction with adequate facility put in place by the fair organizers but recommended that publicity should be prioritized in the next edition. The fair, organized by the Abuja Chamber of Commerce and Industry (ACCI) from Sept. 30 to Oct. 11,...
Low-income countries’ debt rose by 12 per cent to 860 billion dollars in 2020, the International Debt Statistics (IDS) 2022 report of the World Bank says. The report was released on Monday at the World Bank/International Monetary Fund (IMF) Annual Meetings in Washington. The report said that governments around the world...
Some  residents of Makurdi have  expressed worry over the increasing prices of staple food items in the markets. The residents, who spoke to the News Agency of Nigeria (NAN) on Monday, said that the prices of food items were becoming unbearable. Mrs. Mulumum Terungwa, a housewife said that the current prices...
The Bayelsa Government has requested the assistance of the People’s Republic of China in the development of its infrastructure, agriculture and education. Mr. Dan Alabra, the Chief Press Secretary to Gov. Douye Diri, disclosed this in a statement issued after the governor visited Mr. Cui Jianchun, the Chinese Ambassador to...
Some stakeholders have called on various levels of governments to ensure accountability of their budgets, particularly those for gender-specific projects. The stakeholders made the call at an ongoing capacity building workshop organized by Yiaga Africa in Lagos on Saturday. The theme of the two-day event is,  “Experience Sharing and Capacity Building...
The Investments and Securities Tribunal (IST) has delivered judgment worth over N868 billion in favor of market litigants and it also successfully disposed of over 500 market cases from the primary and secondary market since its inception in December 2002. Mr. Amos Azi, Chairman of the tribunal, made the revelation...
A University Lecture, Dr. Elisha Auta, has advised President Muhammadu Buhari-led administration to invest more in the productive sector when implementing the 2022 budget, to drive the nation’s economy. Auta of the Department of Economics, Kaduna State University, gave the advice in Kaduna on Friday while assessing the 2022 proposed...
The Corporate Affairs Commission (CAC) says it will keep customers abreast with developments around the commission to further improve user ability on the Companies Registration Portal (CRP). The Registrar General of CAC, Alhaji Garba Abubakar, disclosed this in a statement by Mr Rasheed Mahe, CAC Head of Media Unit, on...
The Nigerian Exchange Group Plc. (NGX Group) on Thursday confirmed its intention to list on the main board of the Nigerian Exchange Ltd. (NGX). The planned listing follows successful completion of the demutualization and restructuring of the Nigerian Stock Exchange and related operations within NGX Group.   The Group Managing Director/Chief Executive...
President Muhammadu Buhari has presented the 2022 Appropriation Bill for an aggregate expenditure of N16.39 trillion to the National Assembly. Addressing the joint session of the NASS on Wednesday in Abuja, the president described the 2022 Appropriation as Budget of Economic Growth and Sustainability. According to him, the 2022 budget is also...
Mr. Obadiah Nkom, Director-General of Nigerian Mining Cadastre Office (MCO) says it is focused on Ease of Doing Business (EoDB ) to provide a strong foundation for mineral sector development. Nkom made this known on Wednesday in Abuja during the NMO Special Day at the ongoing 16th Abuja International Trade...
The Bank of Industry (BoI) has become a signatory to the United Nations (UN) Principles for Responsible Banking. Mr. Olukayode Pitan, Managing Director of BoI, has said. The News Agency of Nigeria (NAN) reports that the UN principles for responsible banking is a single framework for a sustainable banking industry. It was...
Mr. Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), has urged financial institutions to leverage new knowledge and technology tools to enhance the efficiency and effectiveness of Nigerian payment system. Emefiele, who gave the advice at the 31st Seminar for Finance Correspondents and Business Editors, on Wednesday in Enugu, noted...
The Lagos Chamber of Commerce and Industry (LCCI) has anticipated an improvement in the third and fourth quarters growth performance of the economy this year, largely on account of low base effect arising from Q3 and Q4-2020’s performance. Mrs. Toki Mabogunje, President LCCI, made the projections at the LCCI’s Quarterly...