FG Targets 21% ICT Contribution to GDP The Minister of Communications, Innovations, and Digital Economy, Dr Bosun Tijani, has announced the Federal Government’s plans to raise the contribution of the Information and Communications Technology sector to Nigeria’s Gross Domestic Product to 21 per cent within...

CPI Rebased to Capture Current Market Volatility – NBS The National Bureau of Statistics (NBS) has disclosed that its rebased Consumer Price Index will better reflect current price volatility and provide a clearer understanding of economic trends in Nigeria. According to a press statement on Monday...

Word Bank Suspends Two Nigerian Firms Over Corruption The World Bank Group has announced the 30-month debarment of two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Mr Norman Didam, for fraudulent, collusive, and corrupt practices...

NATCOMS to Contest 50% Telecos Tariff Hike in Court The National Association of Telecommunications Subscribers (NATCOMS) has announced plans to contest the Federal Government’s approval of a 50% tariff hike for telecom operators in court. This decision, according to NATCOMS, was made without adequate consultation with...

BVN Enrolments Now 64.8 million – NIBSS Enrollments for the Bank Verification Number (BVN) by bank account owners in the country increased to 64.8 million in January, according to the latest data released by the Nigeria Inter-Bank Settlement System (NIBSS). Previous data released by the organization...

Chinese Firm Supports Nigeria’s $20bn Ogidigben Gas Project China National Chemical Engineering International Corporation Ltd (CNCEC) has announced its commitment to support Nigeria’s ambitious $20 billion Ogidigben Gas Project in Delta State, marking a significant milestone in the bilateral economic ties between the two nations. Li...