Transportation varsity will boost capacity, local technology, says Buhari

President Muhammadu Buhari yesterday declared that siting the University of Transportation in Daura, Katsina State, will boost local capacity, economy, domestic technology, enhance innovation in the nation’s transport system and create more job opportunities. Click here for more.

Nigeria, Japan Deepen Trade Relations

Nigerian and Japanese governments have set up the Japan-Nigeria Business Facilitation Council (JNBFC), to further strengthen trade and investment relations between both countries.The Council is co-chaired the Japan envoy to Nigeria. Click here for more.

Nigeria Created 450,000 New Jobs In 2018 –  World Bank

The World Bank has revealed that Nigeria created about 450,000 new jobs in 2018, which makes for a partial offset of the loss of 700,000 jobs in the previous year, 2017. Click here for more.

Nigeria Will Have 25% of World’s Poor Without Reforms, Bank Says

Nigeria risks becoming home to a quarter of the world’s destitute people in a decade unless policymakers act to revive economic growth and lift employment, the World Bank said. Click here for more.

Investors Lose N5.58bn As NSEASI Dips By -0.04% To Open The Week Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by -0.04% to close at 26,990.59 points as against +0.66% appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -14.13%. Click here for more.

FG offers fresh savings bonds to investors

The Federal Government on Monday offered a two-year and three-year savings bonds for subscription. The Debt Management Office said in a circular that the bonds were backed by the full faith and credit of the Federal Government and charged upon the general assets of Nigeria. Click here for more.

SEC Official Outlines Steps to Deepen Nigeria’s Capital Market

Realising the need to deepen the nation’s capital market, the Head, Economic Research and Policy Management Division, Securities and Exchange Commission (SEC), Dr. Afolabi Olowookere has listed steps that should be taken by all stakeholders to make the market more attractive. Click here for more.

FG generates N876.09bn from VAT in nine months

The country earned a total of N876.09bn from Value Added Tax in the first nine months of this year, statistics released by the National Bureau of Statistics have revealed. The NBS in its VAT report which was released on Monday. Click here for more.

Fintech firms got $400m investment in 2019 – Emefiele

About $400m has been invested in fintech firms in the country in 2019, according to the Central Bank of Nigeria. The Central Bank Governor, Emefiele, who disclosed this said this development was part of initiatives to drive financial inclusion in the banking sector. Click here for more.

Nigeria’s Oil Production Is Fully OPEC Quota-Compliant

Nigeria, which has pumped above its OPEC quota for months to the ire of other members, brought down its crude oil production in November, to fully comply with its cap, the Minister of State for Petroleum Resources, Timipre Sylva has said. Click here for more.

Nigerian Government, Russia Sign Agreement On Potash Supply For Fertiliser

Mr Uche Orji, the Managing Director, Nigerian Sovereign Investment Authority (NSIA) signed on behalf of Nigeria while Mr Dmitry Konyaev, Deputy Chairman, URALCHEM, signed on behalf of the Russian government. Click here for more.

Broadband penetration hits 37.8% with 1.2 million new subscribers

Nigeria’s broadband penetration leaped by 2.47 percent between September and October with new 4.71 million subscribers, up from 67.5 million in September, to 72.3 million in October, which moved penetration from 35.4 to 37.87 percent. Click here for more.