The federal, state and local governments shared N802.407bn as federation allocation for the month of June, 2022. This represents 18 per cent increase from N681bn shared in May.
The sharing decision was reached at Federation Account Allocation Committee (FAAC)’s meeting, according to a statement sent to The Punch on Tuesday night by the Director of Press/Information, Federal Ministry of Finance…
The Premium Breadmakers Association of Nigeria says it has suspended its four-day warning strike which began on Thursday.
The PBAN President, Emmanuel Onuorah, said his members had resolved to increase prices of bread in order to cushion the impact of the harsh operating…
Since the official declaration of economic recession in early 2016, Nigeria has experienced a proliferation of the world’s oldest scam, the Ponzi scheme.
In the wake of the economic crunch of 2016, the Central Bank of Nigeria and the International Monetary Fund had stated…
Famous Baker and cake designer, who runs the popular YouTube Channel ‘How to cake it’ Yolande Gampp from Toronto, Canada, top Nigerian bakers in Diaspora and bakers in Nigeria will facilitate sessions at Bakers’ seminar in Lagos slated for September 5-7 at the Eko Convention Centre, Eko Hotel and Suites.
The Convener Dewdrops Uncut Learning and CEO Dew Drops Cakes, Mrs Ezinne Okonkwo, stated…
Ahead of the rollout of the fifth generation (5G) technology by MTN Nigeria and Mafab Communications, Ericsson has completed its acquisition of Vonage Holdings Corp supporting its strategy to leverage technology leadership to grow its mobile network business and expand into…
The Managing Director, Oriental Energy Resources, one of the leading indigenous oil and gas companies, Mustafa Indimi, has expressed the commitment of the company to contribute to the attainment of the United Nations (UN) Sustainable Development Goals (SDGs).
According to…
The International Monetary Fund (IMF) has retained projected economic growth of 3.4 per cent for Nigeria in 2022.
The Washington-based institution disclosed this on Tuesday in its World Economic Outlook (WEO) for July 2022 entitled, “Gloomy and More Uncertain”.
At its last economic outlook released in April, the IMF had estimated that Nigeria’s economy would grow by 3.4 per cent in the year…
Ecobank Nigeria has extended its innovative remittance services to its business account holders. This implies that Business Account holders can receive funds sent through Ecobank Rapidtransfer or any of its Remittance franchise partners through the Business to Business…
The Federal Government has drawn down the Excess Crude Account (ECA) to $376,655.09 from $35.377 million in May, this year.
This means that in one month the government withdrew $35,000,344.91from the ECA.
The ECA is supposed to be a savings buffer meant to steady the…
The Nigerian Bottling Company (NBC) has stated that its investment in the country has reached over €1. 1billion .
The Managing Director of NBC, Mathieu Seguin, said the company is planning further investment to boost the capacities of its plants to meet the ever-changing demands of consumers.
Speaking at a press briefing to announce the donation of 1 million euros to support community…