The Office of the Accountant General of the Federation (OAGF) has clarified that the Federal Government has not discarded Remitta as the Central Bank of Nigeria (CBN) approved payment gateway. Bawa Mokwa, Director, Press and Public Relations, OAGF, gave the clarification in a statement on Wednesday in Abuja. Mokwa explained that Remitta would rather be…
Arab leaders are meeting in Cairo on Tuesday with Egypt to present a plan for Gaza that would sideline Hamas and create interim bodies run by Arab, Muslim and Western states. This would be in contrast to U.S. President Donald Trump’s idea of a “Middle East Riviera.’’ Who will run Gaza is the big unanswered…
Ghanaian President John Dramani Mahama has launched a national economic dialogue to navigate the country’s economic growth path. Addressing participants in Accra, Ghana’s capital, Mahama stressed the importance of the meeting that would seek solutions to Ghana’s recurring economic challenges. He said that formulated strategies to put the country back on a sustainable growth path…
The Tinubu Stakeholders Forum (TSF) says the Q4 2024 Confidence Index recently released by the Manufacturers Association of Nigeria (MAN), which rose to 50.7 points, reflected a moderate improvement in the confidence of CEOs in the manufacturing sector. Mr Ahmad Sajoh, Chairman of TSF, said in a statement on Wednesday that this signified the resilience…
The Group Chief Executive Officer of NNPC Ltd, Mele Kyari says President Bola Tinubu’s reforms in the oil and gas sector have created a stable fiscal environment with long-term profitability. He stated this at the 2025 Nigeria International Energy Summit (NIES), on Tuesday in Abuja. Kyari said that many Final Investment Decisions (FIDs) announced in…
Sen Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), has stated that Africa does not need loans but rather strategic partnerships and investments to address energy poverty and drive economic growth on the continent. Lokpobiri made this statement on Tuesday in Abuja, at the 8th edition of the Nigeria International Energy Summit (NIES…
The National Bureau of Statistics (NBS), says Nigeria’s Gross Domestic Product (GDP) rate in real terms grew by 3.84 per cent in the fourth quarter of 2024 on a year-on-year basis. The Statistician-General(S-G) of the Federation, Adeyemi Adeniran disclosed this in a statement on Nigeria’s GDP Report for Q4 2024 released in Abuja on Tuesday….
The Federal Competition and Consumer Protection Commission (FCCPC) has summoned MultiChoice Nigeria to justify its proposed subscription price increase, set to take effect on March 1. MultiChoice’s summon is contained in a statement issued by FCCPC’s Director, Corporate Affairs, Mr Ondaje Ijagwu, in Abuja on Tuesday. Ijagwu said the commission had directed the Chief Executive…
The Federal Government has partnered with the Republic of Kazakhstan to strengthen and enhance trade and investment of both countries for economic growth. Amb. Nura Rimi, Permanent Secretary, Ministry of Industry, Trade and Investment, said that the partnership would unlock huge amount of money in the trade and investment sector. Rimi made the remarks while…
The Economic Community of West African States (ECOWAS) has called for strengthening of public-private partnership with the Federation of West African Chambers of Commerce and Industry (FEWACCI) to promote regional integration. ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs Massandjé Toure-Litse, made this known at a consultative meeting between the ECOWAS Private Sector Directorate and…
