DFID, GSMA Release £38m Fund for Nigeria, Others
The Department for International Development is partnering with the Global System for Mobile Communication Association to invest £38m in mobile technology solutions focusing on Nigeria and other African countries.
The organisations, while making the announcement in Kigali, Rwanda...
Currency-in-Circulation Rose By 0.3% To N2.159trn
At N2.159trn, currency-in-circulation, on month-on-month basis, rose by 0.3 per cent at the end of April 2019, the Central Bank of Nigeria (CBN) revealed in its economic report for May 2019.
This was in contrast to the respective decline of...
Afreximbank Targets $40bn Deals
The organisers of the Second Intra-African Trade Fair (IATF2020) expect it to surpass the achievements of the inaugural trade fair held in Cairo in 2018 by attracting 10,000 participants and generating intra-African trade and investment deals worth more than $40 billion,...
In 3months, NCC Remits N51.3bn To FG
The Nigerian Communications Commission says it remitted N51.3bn to the Consolidated Revenue Fund of the Federal Government in the first quarter of 2019.
The remittance, according to the Executive Vice-Chairman, NCC, Prof. Umar Danbatta, is in compliance with the...
Audit Reveals $652m Needed To Reactivate, Complete Ajaokuta Steel Plant
An audit conducted by Nigerian and Ukrainian experts showed that a total of $652m is required to reactivate and complete the Ajaokuta steel plant.
According to the information sourced from the company’s website in Abuja on...
Expert Advocates $10bn Capital Base For BOA
The founder of the Port Harcourt Premier Business School, Dr. Silva Opuola-Charles, has said Nigeria will need to recapitalise the Bank of Agriculture to at least $10bn in the next five years, to significantly boost lending to the...
