ICAN Index exposes 34 states’ audit standards compliance failings
Business a.m.November 8, 2023
Business a.m Only three of Nigeria’s 36 states and the FCT scored an “Excellent” rating for their compliance with audit rules as of October 2023, according to the Institute of Chartered Accountants of Nigeria (ICAN) Accountability Index. The index which aims to track the progress of states in their efforts to promote accountability and good […]
Imo’s CEA wants S-E women to embrace OKOBI for empowerment
Joy AgwunobiNovember 6, 2023
Joy Agwunobi There is a growing awareness among researchers and world leaders that economic empowerment of women is not only critical to the achievement of women’s rights, but also to the broader SDGs. Empowering women economically is seen as a key driver of economic growth and development, as well as a means to reduce […]
Nigeria dodges economic ruin in UK court’s overturning $11bn P&ID award
Onome Amuge, ONOME AMUGE & CYNTHIA EZEKWEOctober 30, 2023
Onome Amuge Nigeria has long struggled with a lack of electric power, a problem that has only been exacerbated by the country’s practice of flaring natural gas associated with oil production, rather than using it to generate power. In an effort to address this issue, the Nigerian government launched the Accelerated Gas Development Project (AGDP), […]
Foreign investors avoiding Nigeria’s oil region states as FDIs move south
BEN EGUZOZIEOctober 30, 2023
Only 0.51% of Nigeria FDI 2013 – Q1 2020 Some states attracted only one FDI in 9 years State govts don’t encourage spirit of enterprise BEN EGUZOZIE Foreign investors appear to be carefully avoiding Nigeria’s oil and gas rich states, also called the Niger Delta region, as data from the National Bureau of Statistics […]
FAAC shares N903.48bn to federal govt, subnationals as allocation drops to N196.52bn in September
Business a.m.October 25, 2023
The Federation Account Allocation Committee (FAAC), has shared a total of N903.480 billion to the federal government,36 states, and 774 local government councils as federation allocation for September 2023. The September revenue of N903.48 billion represents a decrease of N196.52 billion compared to the August disbursement of N1.1 trillion. This is according to the Communique […]
Nnanna, DBN chief economist says Nigeria’s future growth depends on infrastructure investment
Onome AmugeOctober 24, 2023
Onome Amuge Joseph Nnanna,chief economist of the Development Bank of Nigeria (DBN), has stressed the need for increased investment in critical infrastructure in order to spur growth and development in the country. Nnanna’s stated this in response to a report by the Africa Development Bank (AfDB) titled “Infrastructure Action Plan for Nigeria: Closing […]
Experts charge Nigeria to act now as 2030 SDG deadline nears
Cynthia EzekweOctober 17, 2023
By Cynthia Ezekwe. As the 2030 deadline for achieving the SDGs draws closer, experts are urging collective action to ensure that Nigeria meets its targets. With time running out, they stress that everyone must play a part in addressing the key issues that the SDGs seek to resolve. They also highlight the importance of […]
Fixing power, forex, transportation key to curbing soaring inflation, says CPPE
Onome AmugeOctober 17, 2023
By Onome Amuge. The Centre for the Promotion of Private Enterprise (CPPE) has warned that the Nigerian government must address the country’s electricity, foreign exchange, and transportation issues to curb inflation, which has been on the rise for nine months. Muda Yusuf, the director of CPPE, said the rising inflation rate in Nigeria is alarming […]
Gallup chairman,Clifton tells Africa to prioritise entrepreneurial talents to grow economy
Onome AmugeOctober 17, 2023
By Onome Amuge. Jim Clifton chairman of the globally renowned polling and analytics firm, Gallup,has urged Africa to develop a system to identify and nurture entrepreneurial talent, in order to boost economic growth and create jobs for the continent’s large youth population. Gallup made the recommendation,stressing the importance of entrepreneurship as a driver of economic […]
CBN’s forex access to 43 items sees analysts weigh in
Onome AmugeOctober 16, 2023
…denied access to I&E Window for Forex Onome Amuge The decision by the Central Bank of Nigeria to grant forex access to enable importation of 43 items eight years after restriction, has been praised by some finance and economic analysts, as well as international organizations like the International Monetary Fund (IMF), who believe that it […]