The Nigeria Economic Summit Group and the Center for the Promotion of Private Enterprise have stated that the Badagry Deep Seaport has the potential to enhance international trade between Nigeria and other nations, especially within the subregion of West Africa. A member of NESG, Dr Emeka Nwosu, said that the[Read More…]
Author: Godwin Anyebe
FG, States And LGAs Share N700.235bn For Sep 2022
The Federation Account Allocation Committee (FAAC) has shared N700.235 billion to the three tiers of government as federation allocation for September, 2022. From this stated amount, inclusive of Gross Statutory Revenue, Value Added Tax (VAT), and Electonic Money Transfer Levy (EMTL), the Federal Government received N262.636 billion, the States received[Read More…]
Airtel Africa launches The Voice Africa with a call to audition in Nigeria
Airtel Africa is inviting Airtel customers in Nigeria to audition for the debut season of The Voice Africa, an exciting partnership between the international music talent show and the leading provider of telecommunications and mobile money services. The Voice Africa will be streamed to millions of Africans via Airtel TV,[Read More…]
Great Taste, Great Feeling: Win Exciting Prizes this World Pasta Day with Golden Penny Foods
Golden Penny Pasta, Nigeria’s favorite and most versatile pasta brand, made from the highest quality Durum wheat and enriched with many nutritional benefits including dietary fibre, energy, protein, and Vitamin A, all of which are essential for healthy growth and vitality invites you to celebrate World Pasta Day like never[Read More…]
Between ARCON Ban of Foreign Voice-Over Artistes and Models in Nigeria and International Best Practice
The Advertising Regulatory Council of Nigeria (ARCON) recently banned the use of foreign voice-over artists and models in Nigeria. ARCON Director General Olalekan Fadolapo in a statement said the ban is in line with the Federal Government’s policy to develop local talent and inclusive economic growth for sectors of the[Read More…]
Fed Govt’s Earnings From Spectrum Sales Rise To $1.09bn
The Federal Government through the Nigerian Communications Commission (NCC) is set to make at least $1.09bn (N476bn) from the sale of four 5G spectrums. This is after the NCC revealed in a new ‘Information Memorandum on 3.5 GHz Spectrum Auction’ that it has set the reserve price for two more[Read More…]
Kerosene Price Up By 118.08% In One Year – NBS
Household kerosene may go beyond the reach of poor Nigerians as the price of the commodity has risen by 118 per cent in the last 12 months. According to the National Household Kerosene report of the Nigerian Bureau of Statistics for September, the average retail price per litre of the[Read More…]
CBN Approves Dollar Sales By Payment Service Banks
The Central of Nigeria (CBN) has released supervisory framework for Payment Service Banks. The framework among other things empowered the PSB operators to sell foreign currencies, especially dollars, to authorised foreign exchange dealers. The CBN framework also authorised the PSBs to accept deposits from individuals and small businesses, which shall[Read More…]
In One Year , Airfares Rose By 96.87%
The National Bureau of Statistics has stated that air transportation rose by 96.87 per cent in one year. In its report titled ‘transport fare watch’ (September 2022), the Bureau noted that the average fare paid by air passengers for specified routes single journey, increased by 96.87% from N36,922.97 in September[Read More…]
Cooking Gas: Marketers Caution Against Panic Buying
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has cautioned Nigerians against panic buying of Liquefied Petroleum Gas (LPG), otherwise known as cooking gas as a result of the Force Majeure declared by Nigeria Liquefied Natural Gas Limited (NLNG). NALPGAM’s President Mr Oladapo Olatunbosun made the appeal in a[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]