The collaborative efforts of the Federal Government, the private sector and a civil society group, Convention on Business Integrity (CBi), to curb corruption at the sea-ports has earned international praise. The collaboration won the first ever “Outstanding Achievement in Collective Action Award” of the Switzerland-based Basel Institute on Governance....
BUSINESS
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, says the country is currently finalising “Nigeria Agenda 2050” to succeed Vision 2020, which lapsed two years ago. Ahmed said this on Monday in Abuja, at the 28th Nigerian Economic Summit (NES). The News Agency of Nigeria (NAN)...
Overland Airline resumed flight services to Dutse on Monday after it had suspended same for seven years. The suspension came as a result of business misunderstanding between the airline and the state government, which has now been resolved. Managing Director of the airline, Mr Edward Boyo, said the airline...
Vice-President Yemi Osinbajo says Nigeria’s exchange rate regime remains a subject of concern which needs to be redressed. Osinbajo expressed this view in his address at the opening of the 28th Nigerian Economic Summit (NES) where he represented President Muhammadu Buhari on Monday in Abuja. The 2-day summit, with...
By EZEKIEL OBI, Abuja – The Corporate Affairs Commission (CAC), has won the 2022 Nigerian Association of Small and Medium Enterprises (NASMEs) Award for excellence in corporate governance and regulation. CAC’s Head of Media Unit, Mr. Rasheed Mahe announced this in a statement issued on Monday in Abuja. Mahe...
Prof. Isa Pantami, the Minister of Communication and Digital Economy, says government ought to pay more attention to reviving technology as it holds the key to virile development of the country. Represented by Prof. Mohammed Bello, the Managing Director and Chief Executive Officer of Galaxy Backbone, Pantami made the...
By OLA MUDOPE, Lagos – The first set of 62 winners have emerged in the ongoing Polaris Bank Save & Win promo. The Bank in a statement said that the 62 lucky winners emerged across the six geo-political zones, winning N100,000 each during the draw which held on Friday...
. The Central Bank of Nigeria (CBN) has restated its commitment to protect interests of millions of unbanked and underserved Nigerians, who mostly reside in the rural areas. The apex bank made this known on Sunday, in a statement by its Director, Corporate Communications, Mr Osita Nwanisobi, against the...
The Oil Marketers Association of Nigeria has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA) to obey Federal Government’s directive on Naira transactions for ports charges. This is contained in a statement by Mahmood Tukur, Vice Chairman II, Depots and Petroleum Products...
Price of rice has gone up in Jos as a 50kg bag of smuggled rice now costs N45,000 up from N35,000 for which it was sold three weeks ago. A correspondent of the News Agency of Nigeria (NAN) who conducted a market survey reports a 50kg bag of locally-parboiled...
Nigerian Government on Sunday called on national and foreign investors to maximise the business opportunities in the sanitation sector for the nation’s socio-economic development. The Permanent Secretary, Federal Ministry of Water Resources, Mrs Didi Walson-Jack, made this call in an interview with the News Agency of Nigeria (NAN) in...
FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022. The event which had customers, members of government functionaries and the diplomatic community, regulators, captains...
Global streaming service, Netflix, on Friday said it had invested nine billion naira in the Nigeria film industry from year 2016 to 2022. Ms Shola Sanni, Director of Public Policy for Sub-Saharan Africa, Netflix, made this known at the second Nigeria Digital Content Regulation Conference held in Lagos. The...
By CALLISTUS OFFOR, Abuja – The proposed auction of two lots in the 3.5GHz Spectrum for the deployment of 5G services, set to take place in December 2022, is gathering steam and the Nigerian Communications Commission (NCC) has concluded arraignments to host an engagement session with stakeholders to discuss...
The African Development Bank (AfDB), the Global Centre on Adaptation (GCA), and the Climate Investment Funds (CIF) have supported 20 youth-owned and youth-led businesses in Africa with US$ 2 million. In a statement issued on the AfDB website on Friday, the 20 African youth-led enterprises won grant funding of...
The Minister of Aviation, Sen. Hadi Sirika, says the implementation of the aviation roadmap will create 72,300 jobs within three years. Sirika stated this in Abuja at the third edition of the “President Muhammadu Buhari’s Administration (PMB) Scorecard 2015-2023″ programme. According to the minister, 9,100 direct jobs and 63,200...
By ARMSTRONG ALLAHMAGANI, Bauchi – The Minister of Industry, Trade and Investment, Richard Adebayo, has said that the Federal Government has invested over $3bn invested in seven sugar Backward Integration Programme (BIP) projects and eight independent projects across the country. He stated this on Thursday at the Command Guest...
Costa Rica on Wednesday in San Jose showed they were set for the World Cup after beating Nigeria’s Super Eagles 2-0 in a tune-up game for the Qatar tournament. Due to begin their trip to the 2022 tournament in Qatar later on Thursday, Oscar Duarte opened the scoring for...
The African Development Bank (AfDB), says its interventions have contributed to creation of more than 440,000 jobs in Nigeria, with women and youths accounting for 60 per cent. Dr Akinwunmi Adesina, the president of AfDB said this at the African Small and Medium Enterprise (SMEs) Immersion Fund Roundtable in...
Hajiya Halima Aliko-Dangote, Executive Director, Commercial Operations, Dangote Group, on Wednesday restated the company’s commitment to creating value for all stakeholders across its subsidiaries via its focused investment decisions. Aliko-Dangote, represented by Mr Rabiu Umar, Chief Commercial Officer, Dangote Group, said this at the 36th Lagos International Trade Fair...