FG Releases N1.2tn for Capital Projects
The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023.
An analysis of the Budget Implementation Report for the third...
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...
TCN Reveals Reason Behind National Grid Collapse
The Transmission Company of Nigeria (TCN) says that the national grid is fully restored after what it described as partial disturbance at about 15.09Hrs on Saturday.
In a statement signed by its General Manager Public Affairs, Ndidi Mbah, on...
Railway Debt Servicing Surpasses Revenue in Q1 2024 by Over 2,000%
Nigeria spent more on servicing the debt incurred for building its railways than the revenue generated by its railway system in the first quarter of 2024.
The country spent 2,470% per cent more on railway...
Pension Funds Increase by 2.23% in May – PenCom
The value of pension funds in Nigeria increased by 2.23 per cent month-on-month to cross the N20tn mark to N20.23tn in May 2024.
According to the unaudited report on the pension funds industry portfolio for the period...
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...
