Telecom Sector Contributes N2.5trn to GDP In Q1, 2023   The Telecommunications and Information Services sector in Nigeria contributed N2.508 trillion, representing 14.13 per cent, to the nation’s gross domestic product, GDP, in the first quarter of 2023 (Q1’23). The National Bureau of Statistics (NBS) report showed...

In Four Months, Nigeria Loses N150bn To Gas Flaring   Oil and gas companies operating in Nigeria flared 92.3 million standard cubic feet, mscf, of gas, worth an estimated N150 billion between January and April 2023, according to a report by the National Oil Spill Detection...

Senate Grills AGF Over N910bn MDAs Loan   The Senate has indicted the Office of Accountant General of the Federation over failure to repay short-term loans given to Ministries, Departments, and Agencies from Special Funds Accounts totalling N910bn. The lawmakers discovered this after a thorough investigation by...

Tinubu Inherits Over N16trn Uncompleted Projects   The new President of Nigeria, Bola Tinubu, has officially inherited over N16.29tn uncompleted projects from his predecessor, Muhammadu Buhari. The projects were identified through the national monitoring and evaluation platform, EYEMARK, which was launched by Buhari in December last year. The...

Naira Rises Against Dollar to Trade at N770/$1 on Tuesday  The Nigerian Naira experienced a notable appreciation against the US Dollar at black market to trade at an average rate of N770/$1, showcasing a significant 1.28% appreciation today after eight consecutive depreciations from May 17,...

PFOs Sustain Business Growth With N1.69trn Investment   Pension Fund Operators (PFOs) have invested a sum of N1.69 trillion in banks through money market instruments from the inception of the Contributory Pension Scheme (CPS) to 2023. The amount serves as loans to the private sector. This was disclosed...