Ope George, the Lagos State Commissioner for Economic Planning and Budget, has announced an ambitious revenue target of N2.96 trillion for the year 2025. This projection was revealed during the annual ministerial press briefing on Wednesday, coinciding with the two-year anniversary of Governor Babajide Sanwo-Olu’s administration. The target represents a 42.7% increase over the N2.08…
Deposit Money Banks (DMBs) have raised their short message service (SMS) alert charges by 50 per cent with effect from today, May 1. Among the banks are Guaranty Trust Bank, Ecobank as well as others that have informed their customers of the increase of the charges to N6 per one SMS. While GTBank announced a…
The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) alongside the Organized Private Sector of Nigeria (OPSN) has raised alarms about Nigeria’s significant public sector deficit, which poses a serious risk to the Federal Government’s objective of transforming the nation into a $1 trillion economy by the year 2030. In a recent…
Experts have called for united efforts to strengthen the Economic Community of West African States (ECOWAS) integration to foster peace and security, while enhancing trade and economic growth in the West African region. They made the call at the ECOWAS @ 50 regional integration event by the Lagos Chamber of Commerce and Industry (LCCI) on…
U.S. President Donald Trump has expressed optimism that a solution can be reached on tariffs during his meeting with a Japanese delegation later on Wednesday. “Japan is coming in today to negotiate Tariffs, the cost of military support, and ‘trade fairness’. “I will attend the meeting, along with Treasury & Commerce Secretaries. Hopefully something can…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has raised the alarm over the potential threat posed to Nigeria’s oil revenue by renewed protectionist policies rolled out by United States President Donald Trump. NMDPRA Chief Executive Officer, Farouk Ahmed, who addressed journalists at the State House on Tuesday, said Trump’s aggressive tariff regime targeting…
Nigeria, Africa and the U.S. are set to develop a strategic economic and security partnership. In line with this, President Bola Tinubu held a meeting with Mr Massad Boulos, U.S. Senior Advisor for Africa, on Thursday in Paris, France. Mr Bayo Onanuga, the President’s spokesman, said in a statement on Sunday, that the meeting focused…
President of a Civil Society Organization (CSO), Initiative for Leadership Development and Change (ILDC), Chief Ugochukwu Nnam has advised Americans to desist from destroying their own. Nnam gave the advice in an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. NAN reports that there have been series of attacks at Elon…
The South Korea Ambassador to Nigeria, Mr Kim Pankyu, says his country’s Official Development Assistance (ODA) aims to promote and support Nigeria’s agriculture. Pankyu said this in an interview with the News Agency of Nigeria (NAN) in Abuja on Tuesday. “South Korea’s Official Development Assistance (ODA) is programmed to actively promote and support Nigeria’s agriculture,…
Mr Mahmoud Youssouf, Chairperson of African Union Commission (AUC), on Tuesday reaffirmed the mission’s commitment to working closely with international partners in advancing sustainable development across the continent. Youssouf disclosed this in a statement by Mr Nuur Sheekh, Spokesperson of the AUC Chairperson during his official visit to the Republic of Angola from March 18…
