- FG approves Lagos, Abuja, 2 other international airports as Special Economic Zones
The Nigerian Government announced it has approved four international airports in Lagos, Kano, Abuja and Port Harcourt as Special Economic Zones. This was disclosed in a statement by Aviation Minister, HadiSirika on Thursday morning. To read more, click HERE
- Nigerians to submit phone IDs in three months, says NCC
The Nigerian Communications Commission has said Nigerians will have to submit the International Mobile Equipment Identity of their phones to it from July. The regulatory body said this in the commission’s Revised National Identity Policy for SIM Card Registration. To read more, click HERE
- Bee farming can generate $10bn for Nigeria annually – Envoy
Amb. Lot Egopija, Consul-General of Nigeria in New York has described bee farming as an ” untapped gold mine” in Nigeria capable of generating more than 10 billion US dollars in annual revenue for the country.Egopija said this in a message to the World Bee Conference organised by the Nigeria-USA Chamber of Commerce in Cleveland, Ohio. To read more, click HERE
- $2.18 billion capital raising has already been approved – DMO
The Debt Management Office has disclosed that the new capital raising which the Presidency requested from the Senate has already been approved. The DMO disclosed this in a statement on Wednesday evening, saying it was approved and sent to the Senate to fulfil the provision of sections 21 and 27 of the Debt Management Office Act 2003. To read more, click HERE
- Exchange rate falls at NAFEX window as oil price plunges
Thursday, 20th May 2021: The exchange rate between the naira and the US dollar closed at N411.31/$1 at the Importers and Exporters window, where forex is traded officially. Naira fell against the US dollar on Thursday at the official NAFEX window to close at N411.31 to a dollar. This represents a 0.14% depreciation when compared to N410.75/$1 recorded on Wednesday, 19th May 2021. To read more, click HERE
- Covid-19: Second dose of AstraZeneca vaccine can offer 90% protection – Study
A study by the Public Health of England disclosed that receiving the second dose of the AstraZeneca vaccine can offer patients up to 90% protection against the coronavirus. The study was published on Thursday and reported by Bloomberg, revealing that 13,000 deaths were prevented in England as of May 9 for people older than 60 years. To read more, click HERE
- MDAs illegally withholding N1.2 trillion from FG – Fiscal Responsibility Commission
The Fiscal Responsibility Commission (FRC) revealed that the FG’s Ministries, Departments and Agencies (MDAs) are illegally holding N1.2 trillion, citing failure to remit 80% of operating surpluses to the Consolidated Revenue Funds (CRF) of the Federal Government in line with the Fiscal Responsibility Act. To read more, click HERE
- FG awards $3.02bn eastern railway contract to CCECC
The China Civil Engineering Construction Corporation, CCECC, has been awarded Nigeria’s $3.02bn Eastern Railway contract. Railway-technology.com reported that CCECC, a subsidiary of China Railway Construction Corporation, CRCC, had signed a contract with Nigeria’s Federal Ministry of Transportation for the development of the Nigerian Eastern Railway. To read more, click HERE
- NIPOST clamps down on illegal courier operators
The Courier and Logistics Regulatory Department of the Nigerian Postal Service has begun clamping down on unlicenced courier operators. The department said at a press briefing on Thursday that it clamped down on eight illegal operators within the week. To read more, click HERE
- After blockbuster 2020, Nigeria’s corporate debt issuance to remain robust
Corporate debt issuance in Nigeria is expected to remain robust throughout 2021 even as interest rates begin to rise from last year’s record low levels, according to a new research by GCR credit ratings. Nigerian corporates issued a record N1.02 trillion (USD 2.69 billion) of local currency debt instruments in 2020, the highest since at… To read more, click HERE
