Lawan, Yar’Adua Hail ₦264bn Military Welfare Boost
By Anayo Akwitti Senate leaders have commended President Bola Tinubu for approving a new salary structure for members of the Nigerian Armed Forces. They described the ₦264 billion increase in the annual military wage bill as a major boost to troop morale. The Senate Committee on Defence Chairman, Senator Ahmad Lawan, and his counterpart on […]
FG Pledges Support for Credible Investors, Says Shettima
By Mardiyyah Abubakar Vice President Kashim Shettima says the Federal Government is ready to support viable and credible investments across Nigeria. Shettima spoke on Monday at the Delta Economic and Investment Summit in Asaba, where government officials, investors and business leaders discussed ways to attract local and foreign investments. He said the growing number of […]
NSITF Urges AI Adoption to Protect Workers
By Chinedu Echianu The Managing Director and Chief Executive Officer of the Nigeria Social Insurance Trust Fund (NSITF), Oluwaseun Faleye, has called for a deliberate integration of digital transformation with social protection as businesses across Africa increasingly adopt Artificial Intelligence (AI) Faleye made the call on Monday at the official launch of the ESBC–InnoPower LLC […]
Dangote Signs $800m Deal to Expand Ogun Cement Plant
By Mardiyyah Abubakar Dangote Industries Limited has signed an agreement worth more than $800 million to expand its cement plant in Itori, Ogun State. The expansion will increase the plant’s annual production capacity from six million to 12 million metric tonnes. Dangote Group President Aliko Dangote and Sinoma International Engineering Co. Ltd. Chairman Lin Zhong […]
43 Insurers Meet New Capital Requirement, 8 Under Review
By Oluwakemi Kindness Forty-three insurance and reinsurance companies have met the new minimum capital requirements set by the National Insurance Commission (NAICOM) following the completion of the sector’s 12-month recapitalisation exercise. The Commission disclosed this in a statement on Sunday, saying eight other insurance companies that submitted evidence of compliance shortly before the statutory deadline […]
NILDS DG calls for tougher fiscal governance at RMFAC session
By Zainab Bakare The Director-General of the National Institute for Legislative and Democratic Studies (NILDS), Prof. Abubakar Sulaiman, has underscored the need for stronger fiscal governance, institutional discipline and innovative revenue management as he inaugurated a two-day capacity-building programme for members of the Revenue Mobilisation Allocation and Fiscal Commission (RMFAC). Speaking at the opening ceremony, […]
African Policymakers Meet in Abuja Over Economic Risks
By Mardiyyah Abubakar Top policymakers, financial experts and business leaders from across Africa are meeting in Abuja to discuss ways to strengthen emerging economies amid growing global uncertainty. The seventh African Emerging Markets Forum is taking place at the Central Bank of Nigeria (CBN) headquarters. The forum has the theme: “Building Resilience Amidst Geoeconomic Uncertainties.” […]
SMEDAN Warns of Startup Investment Gap in Nigeria
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the shortage of investment-ready startups in the country, despite the availability of significant funding opportunities for entrepreneurs. Director-General of SMEDAN, Charles Odii, made the observation at the opening of the Abuja Centre for Entrepreneurship (ACE) Project’s Training of […]
Minister Urges Reps to Fast-Track AfCFTA Domestication Bill
By Oluwakemi Kindness The Minister of Industry, Trade and Investment, Jumoke Oduwole, has urged the House of Representatives to expedite the passage of the African Continental Free Trade Area (AfCFTA) Domestication Bill, describing it as essential to unlocking trade, investment and economic opportunities for Nigeria. Speaking on Monday at the public hearing on the bill […]
Reps Move to Reform Laws on Ease of Doing Business
By Oluwakemi Kindness The House of Representatives has pledged to strengthen Nigeria’s commercial laws to improve the ease of doing business, remove regulatory barriers and attract more local and foreign investment into the country. Speaker of the House of Representatives, Abbas Tajudeen, made the commitment on Monday while declaring open a public hearing organised by […]