New Telegraph

Sever Cash Crunch Plummets GDP Q1 To 2.31%

Sever Cash Crunch Plummets GDP Q1 To 2.31%

The Sever cash crunch which precipitated the economy early in the year dragged down the country’s Gross Domestic Product ( GDP) by 2.31 percent in first quarter of 2023 compared to 3.11% recorded in the…

War Risk Insurance: ‘Nigeria’s $400m annual premium fraudulent’

The $400 million War Risk Insurance (WRI) premium paid by Nigeria annually to Lloyd’s of London on cargoes coming into the ports has been described as fraudulent. It was revealed that the payment by the…

Solid minerals’ revenue contribution to FAAC hits N50 billion

Solid minerals’ revenue contribution to FAAC hits N50 billion

Revenue diversification initiative of the Federal Government from oil to non-oil sector is paying off with solid minerals revenue accruals to federation purse crossing N50 billion mark in 12 years, figure exclusively obtained from Revenue…

C’River: Buhari Commissions 1.2km Ikom Bridge

C’River: Buhari Commissions 1.2km Ikom Bridge

President Muhammadu Buhari on Tuesday Commissioned 1.2km Ikom Bridge constructed by his administration to encourage economic activities in the state. Commissioning the project, Buhari said it will boost economic activities, adding that recommendation for the…

Middle East climb ranking of busiest int’l airports

Middle East climb ranking of busiest int’l airports

Hamad International Airport (DOH) and Dubai International Airport (DXB) have each ascended seven positions since May 2019, firmly establishing themselves among the world’s top 10 airports. Two Middle East airports have climbed up the ranks…

IMF boss seeks global concern for Africa’s funding challenges

As countries across Africa remain trapped in debt and, thereby facing constant funding challenges, the Director of the African Department at the Inter- national Monetary Fund (IMF), Abebe Aemro Selassie, has called on the international…

BUA Foods records 60.2% year-on-year turnover

BUA Foods records 60.2% year-on-year turnover

In its financial results for Q1-2023 ended 31-Mar-2023, BUA Foods Plc (“BUAFOODS”) recorded a 60.2 per ent y/y increase in turnover to N144.3bn, driven by revenue growth across its five business divisions, and the commencement…

FCMB Group lists N20.69bn bond on FMDQ Exchange

FCMB Group lists N20.69bn bond on FMDQ Exchange

As a securities exchange with a commitment to facilitate growth and development in the Nigerian debt markets and the economy at large, FMDQ Securities Exchange Limited (FMDQ Exchange) has continued to promote an efficient, transparent,…

‘N12bn target no solution to environmental pollution clean-up’

The payment of $12 billion to Bayelsa State for the restoration and clean up of decade-long oil pollution may not be an end to the degradation of the state and other ravaged Niger Delta regions…

Ananse Africa, Ecobank offer free digital marketing training to fashion creatives

Ananse Africa, Ecobank offer free digital marketing training to fashion creatives

Ananse Africa, in partnership with Ecobank Nigeria, has announced the second edition of its free e-commerce and digital marketing training for fashion creatives in Nigeria. According to a press release, the hybrid training scheduled for…