FOREIGN firms repatriated $5.86bn from the Nigerian economy between October 2022 and March 2023, the Central Bank of Nigeria has disclosed. About $5.13bn was repatriated as dividends by foreign investors. In its ‘Economic Report, First Quarter 2023,’ the apex bank disclosed that higher dividend payments to non-residents further widened the …

PRESIDENT Bola Tinubu is expected to speak today, September 5, at 11 a.m. during the third plenary session of the African Climate Summit, themed, “Charting a Vision: Investment Opportunities for Green Growth.” However, it is unclear who will represent the president as he is attending the G-20 Summit in India. …

THE African Development Bank has said that phase two of the Special Agro-Industrial Processing Zones will revolutionize agricultural practices and shift Nigeria from an agrarian economy to an industrial society that is based on agribusiness. A statement made available to The PUNCH on Tuesday, and signed by AfDB said it …

THE Lagos Rail Mass Transit Blue Line System has finally begun its long-awaited commercial operations, 40 years after the idea for a metro line for the state was conceived. The Lagos State Governor, Mr Babajide Sanwo-Olu, became the first passenger to ride on the train during its inaugural trip as …

SUPER Eagles head coach, Jose Peseiro will now earn $60,000 on a monthly basis, DAILY POST reports. The Portuguese accepted a reduction from his previous $70,000 salary to retain his job. The Nigeria Football Federation (NFF) announced on Sunday that Peseiro has signed a contract extension putting paid to speculations …

NIGERIA National League has announced the postponement of its Annual General Assembly (AGA). The AGM was earlier scheduled to hold on Thursday, September 7. The NNL chief operating officer, Emmanuel Adesanya disclosed this in a press release. Adesanya said the postponement became necessary due to logistics reasons. He noted that …

THE Federal Government has unveiled plans to include families of wounded and fallen soldiers in the national social register and its poverty alleviation programmes. The Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu made this known during a meeting with the Chief of Defence Staff, Gen. Christopher Musa …

THE Edo State Governor, Mr. Godwin Obaseki, has approved free transport service for passengers across all Edo City Transport Ltd (ECTS) routes to cushion the effect of the fuel subsidy removal by the federal government on people of the State. The free bus service will kick off on Monday, September …

THE spokesperson to President Bola Tinubu, Ajuri Ngelale has claimed his principal is not worried about the possible verdict of the presidential election tribunal. Ngelale stated this while speaking in an interview on Channels Television on Monday. According to him, Tinubu sees no need to threaten judicial officers regarding the …

THE International Facility Management Association (IFMA) Nigeria Lagos Chapter will co-host an event on “Delivering Effective and Sustainable FM in the Built Environment” at Big 5 Construct Nigeria, Nigeria’s largest construction industry event. The event will be held on Thursday, 7th September, at the Landmark Event Centre in Lagos. The …