Nigeria, Ghana get $1m to support SMEs, innovation Impact Investing Ghana (IIGh) and Impact Investors Foundation (IIF) Nigeria have received a US$545,256 additional grant funding from The Research and Innovation Systems for Africa (RISA) Fund to scale sustainable systems for enterprise and innovation financing across...

IMF to FG: Remove Implicit Fuel, Electricity Subsidies The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per...

Customs Duty Rises to N1,457 per Dollar The exchange rate for import duties collection by the Nigerian Customs Service (NCS) has risen to N1457/$, the highest in just over six weeks, according to checks on the exchange rate portal of the NCS. According to data on...

NNPCL to Begin Oil Production at OML 13 Nigerian National Petroleum Company Exploration and Production Limited (NNPCL) and Natural Oilfield Services Limited have announced the commencement of oil production at Oil Mining Lease 13 in Akwa Ibom State. This was contained in a statement signed by...

Nigerians to Pay for New ID Card as NIN Registration Hits 107m The National Identity Management Commission (NIMC) has disclosed that the National Identity Number (NIN) registration has reached 107.338,044, showing a growth of 3.2 million from the 104 million reported in December, 2023. The Commission’s...

Airtel to Pay $13bn Dividend Despite $549m FX loss The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024. The telecoms giant will be paying $13.39bn dividend for the period under review, according to its audited...