Economy sustains recovery with 0.51% GDP growth in Q1 Nigeria’s economy appears to be on sustained recovery from recession as the Gross Domestic Product (GDP) grew by 0.51% (year-on-year) in real terms in the first quarter of 2021 (Q1’21). This marks two consecutive quarters of...

Banks’ USSD debts to telecom firms hit N47 billion The total debts owed by banks to telecommunications service providers arising from the use of Unstructured Supplementary Service Data (USSD) have risen from N42 billion to N47billion. USSD is a Global System for Mobile Communications (GSM) protocol...

First deep seaport reaches 51% completion Nigeria’s first deep seaport project, the Lekki Deep Sea Port, promoted by Lekki Port LFTZ Enterprise Limited, (LPLEL), will upon completion have an aggregate economic impact of $361 billion over its 45-year concession, creating no fewer than 169,972 jobs...

SEC Adopts guidelines on Sustainable Finance for CMOs The Securities and Exchange Commission has adopted the Nigerian Sustainable Finance Principles (NSFP) as developed by the Financial Services Regulation Coordinating Committee (FSRCC) for the capital market. This was contained in a statement released by the Commission in...

NITDA Boss Woos Venture Garden to Join Bridge to MassChallenge Nigeria     The Director General, National Information Development Agency (NITDA), Mallam Kashifu Inuwa Abdullahi, has urged a leading provider of innovative, data-driven solutions, Venture Garden Group, to join the Bridge to MassChallenge Nigeria. Abdullahi made this call...

FG Says No Fuel Price Hike in June The Federal Government has assured Nigerians that there would be no fuel price increase in the month of June. Minister of State for Petroleum Resources Chief Timipre Sylva disclosed this in a statement personally signed by him and made...