Mobile transactions have risen by N8.981 trillion between the first seven months of 2019 and the corresponding period of 2022.
They have risen from N289.12bn to N9.27tn, according to data from the Nigeria Interbank Settlement System.
This is as the value of cheque transactions fell by 31.42 per cent, from N2.67tn in January to July 2019 to N1.83tn in the corresponding period of 2022.
The growth in…
The average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) increased by 105 per cent within the last twelve months,
This follows an increase from N2200 in August 2021 to N4500 in August 2022, indicating a 105 per cent increase over the…
Nigeria’s oil production slumped by 28 million barrels between January and July 2022, threatening the Federal Government’s N9.37tn oil and gas revenue target by the end of the year.
The Federal Government, in the 2023-2035 Medium Term Expenditure Framework & Fiscal…
The total debt owed to the World Bank Group by Nigeria rose by $660m in the first six months of 2022, the
This is according to data from both the Debt Management Office and the financial statements of the World Bank.
According to data from the DMO, Nigeria debt to the Washington-based bank was $12.38 as of December 31, 2021.
The financial statements of the World Bank for fiscal year 2022 show that…
In a bid to recognize hardworking marketing professionals in Nigeria, one of the leading marketing professionals in the country, Anthony Agenmonmen has unveiled Nigerian Marketing Awards.
Prince Yemisi Shyllon, Mr. George Thorpe, and Alhaji Garba Bello Kankarofi will be…
Transportation minister appraise Buhari on infrastructural development
August 13, 2022
The Minister of Transportation, Mr Mu’azu Sambo, says no government has invested more in infrastructural development than that of President Muhammadu Buhari’s.
A statement from Mr Eric Osegwe, spokesperson of the ministry said on Saturday in Abuja that Sambo spoke when…
American multinational technology company, Microsoft Corporation says it is willing to partner the Nigeria Digital Identification for Development (ID4D) project in the areas of capacity development and data protection.
Microsoft’s Government Affairs Lead, Nonye Ujam disclosed this during a working visit to the Nigeria ID4D project office in Abuja.
A statement by the Manager, Communications of…
Jaiz bank pic says in that in the 10 years of its existence, it has grown its balance sheet from N12 billion in 2011 to N300 billion in 2021.
Within the same period, the bank witnessed rapid branch expansion from three to 45 branches spread across the country today.
Managing…
The Public Account Committee of the House of Representatives has summoned the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, to appear before it to explain why he authorised the Nigeria Investment Promotion Commission (NIPC) to spend its internally…
Lagos government to investing in value adding infrastructure with stakeholders in the meat industry to provide sought-after quality products for the benefit of Nigerians.
In a keynote address during the Conference of Southwest Directors of Veterinary Services in Lagos, Commissioner for Agriculture, Ms. Abisola Olusanya, said the state was ready to partner private operators to produce high-quality…
