Lack of Capital, Others Cause 80% of SMEs Die Under Five Years — Report   About 80 per cent of Small and Medium Enterprises fail before their fifth anniversary due to harsh economic environments, lack of access to capital, and poor business practices, which have stunted...

Money Laundering: NFIU Intensifies Efforts to Exit Nigeria from FATF Grey List The Nigerian Financial Intelligence Unit (NFIU) has said it is accelerating efforts to ensure the nation exits the grey-list of the global Financial Action Task Force (FATF). The NFIU is responsible for implementing the...

DMO Warns FG on Additional Borrowing  The Debt Management Office, DMO, has warned the Federal Government against additional borrowing, saying 73.5 per cent of revenue generated this year will be used to service debt. According to the DMO, the projected FGN Debt Service to Revenue ratio...

SERAP to Sue FG Over President, Govs 114% Salary Increase The Socio-Economic Rights and Accountability Project has threatened to sue President Bola Tinubu’s administration over the contentious proposed pay raise for top government officials. SERAP announced this in a tweet on the microblogging site Twitter. It read,...

Palliative: FG Orders Distribution of Free Solar Systems The Federal Government has flagged off the distribution of free solar home systems across the country as a way to cushion the adverse effect of fuel subsidy removal. The Managing Director of Rural Electrification Agency, Ahmad Salihijo while...

Travellers Kick as Naira Devaluation Drives Up Airfares The Central Bank of Nigeria’s decision to devalue the naira has led to a substantial increase in airfares, thereby negatively affecting the summer holiday arrangements of several travellers, Funmi Fabunmi. The summer travel season was eagerly anticipated by...