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Friday, December 13, 2019

Shippers’ Council As New Port Regulator

Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Dikki, has reiterated the Bureau’s commitment to ensuring that the Nigerian Shippers’ Council...

Toyota Recalls 1.75mn Vehicles Globally

World’s leading car maker, Toyota has recalled 1.75 million vehicles globally, over glitches that posed a fire risk or threatened to “degrade” brake performance,...

IMF Insists On Prudent Use of Bond Proceeds

To ease repayment imperatives at maturity, the International Monetary Fund (IMF) has warned African governments against spending monies realised from sovereign bond issuance on...

How MDGs Office Empowers Rural Farmers

Senior Special Assistant to the President on the Millennium Development Goals, Dr. Precious Gbeneol has enjoined farmers who got free fertilizers during the official...

Nigeria’s Trade With China Hits $11.7b

THE bilateral trade volume between Nigeria and China has hit $11.76 billion in the first eight months of this year. This represents a 36...
Goodluck Jonathan

President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW

President Jonathan Approves $7bn Mambilla Hydro Dam contract for 3,050MW President Goodluck Jonathan will sign the Mambilla Hydro Dam contract next month. The Minister of State...

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...