Business

The African Union (AU), through the African Union – Interafrican Bureau for Animal Resources (AU-IBAR), is collaborating with the federal government to develop a national Blue Economy Strategy for Nigeria. 

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 

An increase in the money shared by the Federation Account Allocation Committee (FAAC) boosted the revenues of 15 states in the fourth quarter of last year, resulting in a decrease of N117.6 billion in total domestic debt stock. 

The Institute for Africa Culture and International Understanding (IACIU), a grade II UNESCO Institute, has tasked the Nigeria Federal Government to work towards effective digital transformation as part of efforts to drive economic growth, innovation, and social progress. 

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Government to provide special support mechanisms to strategic companies and industries that play a key role in achieving inclusive economic growth for the country’s Gross Domestic Product (GDP) in light of the current economic challenges facing Nigerian society.

Recapitalisation: Banks May Consider Huge Dividend Payment – Expert Some analysts are projecting that banks may incentivise their shareholders with jumbo dividend payouts ahead of their capital-raising endeavours to meet the new requirements of the Central Bank of Nigeria. In March, Nigeria’s apex bank issued a...