FEC Okays Setting Up Of N3.5bn Space Museum, Theatre The Federal Executive Council (FEC) presided over Vice-President Yemi Osinbajo has approved the setting up of a space museum and planetarium in Abuja. Minister of Science and Technology and Innovation, Mr Adeleke Mamora,...

Forex: Turnover In I&E Drops By 69% To $1.5bn   The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market fell 69 percent, year-on-year (YoY), to $1.5 billion in October 2022, from...

Export Processing Terminal Will Boost Nigeria’s $2.5bn Non-oil Export - NPA   The Managing Director of the Nigerian Ports Authority (NPA), Mohammed Belo-Koko yesterday in Lagos, stated that the Export Processing Terminal at Lilypond in Ijora, would further enhance Nigeria’s non-oil...

Telecoms Sector Records $70bn Investment, Employs 500,000 – NCC     The Executive Vice Chairman of the Nigerian Communications Commission, Prof. Umar Danbatta, has stated that the telecommunication sector sustains 500,000 jobs. He added that the sector’s contribution to Gross Domestic Product had...

Floods: FG Receives N109.3bn Support, Constructs Mini-dams   The Federal Government has received $249m (N109.3bn at Tuesday’s official exchange rate of N439.02/$) from the African Development Bank ($244m) and the International Fund for Agricultural Development ($5m) for flood impact mitigation and...

NAICOM Issues Conditions For Payment Of Dividends To Insurance Sector Investors   The National Insurance Commission (NAICOM) has listed conditions under which payment of dividends to shareholders in insurance shares will be made. NAICOM said any dividend distribution shall be subject to...