Company to Invest $172bn in Agriculture, Energy, Other Sectors Backbone Infrastructure Nigeria Limited, a multi-national company, has announced its intention to invest $172bn to develop various infrastructure sectors in the country. This investment, utilising alternative financing options, will be allocated to mineral resources, energy, agriculture,...

43% of Nigeria SMEs Less Than Five Years – Report The majority of small businesses in the informal sector, accounting for 42.7 per cent of small business owners, have been operational for less than five years, a new report has stated. The sector which contributes to...

NIN/SIM Linkage: Telcos Experience 2.4% Decline in Voice Subscription – NBS Nigeria’s telecom sector experienced a 2.4 per cent decline in active voice subscriptions in the first quarter of 2024, according to data from the National Bureau of Statistics (NBS). This decline comes as the Nigeria...

NADIR Hails NITDA DG on Award of Excellence in Public Service for Digital Innovation The Network of Advocates for Digital Reporting (NADIR) extends its heartfelt congratulations to Mallam Kashifu Inuwa Abdullahi, the Director General of the National Information Technology Development Agency (NITDA), on being honored...

2024/25 Planting Season: NSDC Donates Seed Cane to Golden Sugar Company  The National Sugar Development Council (NSDC) has presented high yielding seed cane to the Golden Sugar Company Ltd (GSC) located in Sunti, Niger state, ahead of the 2024 /2025 planting season. This presentation was made...

Naira Exchanges for N1,535/$ in Parallel Market The Naira yesterday depreciated in the parallel market to N1,535 per dollar from N1,520 per dollar on Wednesday. Similarly, the Naira depreciated to N1,520.24 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ showed that the...