A former Minister of Education, Dr Oby Ezekwesili, has stressed the need for a change of political culture in Africa to achieve meaningful development for the continent. Ezekwesili made the recommendation at the matriculation ceremony of the 2023/2024 session of the School of Politics, Policy and Governance (SPPG)...
BUSINESS
Naira continued its rebound against the dollar on Friday, Nov. 3, strengthening to N950/$ on the average in the parallel market. At noon on Friday, on a popular crypto exchange platform, Binance, the local currency was traded against the dollar at N864.19/$1 compared with Thursday’s closing rate of...
The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote, on Thursday commissioned the corporate Head Office and Training Academy of the hospitality conglomerate, Genesis Group Limited, in Port Harcourt, Rivers State. The NCDMB boss lauded the firm for being the leading provider...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN), has assured Nigerians that there is adequate supply of Naira notes in the economy. Recall that some bank customers in recent times have been complaining about scarcity of Naira notes at the counters, Automated...
The Nigeria Customs Service (NCS) Lilypond Export Command, has between January and September 2023 facilitated the exportation of 12,438 containers with a Free On Board value of $518.69 million. The Customs Area Controller, Comptroller Ajibola Odusanya, said this in a statement on Thursday in Lagos. He also described...
By CALLISTUS OFFOR, Abuja – The Executive Vice Chairman and Chief Executive officer (EVC/CEO) of the Nigeria Communications Commission (NCC), Dr. Aminu Maida, has described the Financial Technology (FinTech) industry as a critical driver of financial inclusion of Nigerian citizens living in the underserved and unserved communities...
Organizations of all sizes need the latest and greatest in IT infrastructure implemented to keep their hybrid workforce productive and happy There’s no doubt that hybrid work has become the new norm, an irreversible way of working. This necessitates every business leader to not only establish a...
The Nigerian Deposit Insurance Corporation (NDIC), said it has paid N16 billion in liquidation dividends to depositors, creditors and shareholders of banks in liquidation in the past 20 years. The Principal Manager, NDIC Kano Zonal Office, Ms Hajara Imam stated this at the 2023 World Savings Day. She...
The President and Chief Executive Officer, Sunora Foods, Mr Charles Eghobamien, has said the company will commit about US$100 million as foreign direct investment in oil palm production and other crops in Edo. Eghobamien made this known during the signing of a Memorandum of Understanding (MoU) with Gov. Godwin...
One of the Nigeria’s leading cement providers, BUA, has revealed its plan to inaugurate a new cement plant in Sokoto State by January 2024. The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, made this announcement during his visit to Gov. Ahmad Aliyu in Sokoto on Wednesday....
The World Bank says Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme is doing well in addressing poverty in the country. Prof. Foluso Okunmadewa, World Bank Task Team Leader for NG-CARES, stated this in an interview with newsmen on the sidelines of Mid-Term Review Mission meeting held...
Emir of Kano, Alhaji Aminu Ado-Bayero has commended Air Peace Airline’s Tuesday’s maiden commercial flight to Jeddah. The airline’s spokesman, Mr Stanley Olisa, stated in Ikeja on Wednesday that the emir commended Air Peace for expanding its Asian footprints with Tuesday’s flight. Air Peace operated its maiden commercial...
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja enjoined the Federal Government to award 25 per cent of its contracts to Small and Medium Enterprises (SMEs). This is desirable as SMES contribute about 50 per cent of the country’s GDP and employ...
By MBAFAN ADE, Abuja – The Central Bank of Nigeria (CBN) on Tuesday said it has no be plans to redenominate Nigeria’s legal tender, the Naira. CBN’s Director, Corporate Communications Department, Isa AbdulMumim, made this known in a statement on Tuesday in Abuja. It would be recalled...
Speaker of the House of Representatives, Abbas Tajudeen, has called for the regulation of Artificial Intelligence (AI), Robotics and other emerging technologies. Abbas made the appeal in Abuja on Monday at the 2022/2023 Convocation Ceremony of the National Institute for Legislative and Democratic Studies – University of Benin...
The president of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day. Akpabio spoke at the National Assembly Capacity Building Workshop organised by the Independent Petroleum Producers Group (IPPG)...
Consolidating on its recently released second-quarter performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has again announced a splendid performance in its unaudited financial results for the third quarter ended September 30, 2023, recording impressive growth across all key performance metrics. Replicating the remarkable performance achieved in...
By CALLISTUS OFFOR, Abuja Three companies, out of 81 companies that contested at the Nigerian Communication Commission’s inspired technology innovation talent hunt competition, shared the N30 million prize money equally. Nine other shortlisted companies went home with N500,000 consolation prizes each, according to NCC’s Director, Public Affairs, Dr Reuben...
The European Union (EU) this week sought to entice African countries with “better choices” in infrastructure and energy transition projects, issuing an indirect dig at China’s Belt and Road Initiative, which has similar ambitions. The EU gathered leaders from more than 40 countries from across the world, seeking to...