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Wednesday, May 22, 2019

Obama’s $14bn Infrastructure Initiative To Boost Investment

Nigeria and the United States have commenced plans to leverage on US President Barack Obama’s $14bn investment pledge for Africa, for an effective financing...

UBA Group Appoints Tony Elumelu Chairman

The board of United Bank for Africa Plc (UBA) has appointed Tony O. Elumelu as Chairman, succeeding Ambassador Joe Keshi. Elumelu retired as Group Managing...

NICOM Endorses Airtel Insurance Plan For Subscribers

Airtel Nigeria, MicroEnsure and Cornerstone Insurance Plc have jointly launched a free insurance product which offers Airtel customers life and medical insurance with increasing...

FG Approves $4.7bn To Boost Electric Supply

Minister of Power, Prof. Chinedu Nebo says the Federal Government has approved $4.7 billion for the expansion of power transmission and increase electricity supply...

Nigeria To Begin Chocolates Manufacturing

Minister of Agriculture and Rural Development, Dr. Akinwunmi Adesina, has said that Nigeria is expected to generate $1.5 billion from cocoa ex­ports in 2014. Adesina...

DHL Support Call For Renewal Of AGOA

Trade relationship between the United States and Africa, as well as the African Growth and Opportunity Act (AGOA) - which provides exporters duty-free access...

CBN Revokes Licences Of 766 BDCs

For failing to meet the July 31, 2014 recapitaisation deadline, operating licences of 766 Bureaux De Change have been revoked by the Central Bank...

Positive Results From Power Privatisation

Director-General, Bureau of Public Enterprises (BPE), Benjamin Dikki, said power privatisation in the country had started yielding results with 18-hour uninterrupted power supply to...

Ebola Sickens Economies of West Africa

Sandi Sesay’s boss promised him three months of pay when he told the driver to stop coming to work. The goal was to prevent...

CBN Governor: The Legal Implication of Suspension

On the 20th February, 2014, President Goodluck Jonathan suspended Mallam Sanusi Lamido Sanusi as the Governor of Central Bank of Nigeria. The Presidency premised...

FG begins inspection of local automobile assembly plants

... Says new policy has attracted more investors into Nigeria  The Federal Government has commenced onsite inspection of local automotive assembly plants across the country...

‘Private sector needs N960bn to invest in power’

“Huge amount is required to invest in the power sector and the financial institutions are needed to finance some of these projects. The private...

Dangote Mulls Acquiring Oil Fields

By Chris Kay DangoteGroup, controlled by Africa’s richest man AlikoDangote, is considering the purchase of Nigerian oilfields as international companies plan to sell onshore assets in the continent’s top...

Pipeline investments in power sector hits $50bn

The Minister of Industry, Trade and Investment, Mr. Olusegun Aganga, has said that the privatisation of Nigeria’s power sector has unlocked the investment opportunities in...

FG moves to revitalise Nigeria’s iron, steel sector

…engages stakeholders on Backward Integration Policy  The Federal Government has said that it has concluded plans to develop and implement a comprehensive Backward Integration Policy...

Dangote to revive local rice production with N50b

Nigeria’s foremost conglomerate, Dangote Industries Limited, will invest $300 million (N50 billion) in local rice production to make the country self-sufficient and stop importation...

Nigeria’s cement industry attracts $8billion new investments

 ...new textile policy out soon   Nigeria’s cement industry has attracted additional investment worth $8 billion, driven largely by the implementation of the Federal Government’s Backward...

Nigeria to Export Processed Raw Materials

Olusegun Aganga, the minister for industry, trade and investment, says the Federal Government’s main focus in 2014 was to process the country’s agriculture raw...

Home Made Nigeria Cars For N1.2m

The National Automotive Council (NAC) says Nigerians would soon be able to purchase brand new made in Nigeria cars for as low as N1.2...

IITA grows “Seed Yams In The Air”

Researchers at the International Institute of Tropical Agriculture (IITA) have successfully grown seed yams in the air using aeroponics technology, raising hopes and more...