NEDC Establishes ICT Training Centres, 6bn Education Fund for N/East Youths, Indigenes         The North East Development Commission (NEDC), says it has established ICT Training Centers within higher institutions in Gombe, Taraba and Bauchi States. The NEDC, added that its existing training centers at various universities, polytechnics...

BUA, Chinese Firm To Build $1.05bn Cement Plants       BUA Cement has signed an agreement with Sinoma CBMI of China for the construction of three new cement plants of three million tonnes each per annum, a project valued at $1.05bn. A statement by the company on Tuesday...

FG Grants Yola Disco N5bn Loan To Procure 85,000 Meters         The federal government has granted the Yola Electricity Distribution Company (YEDC), a N5 billion loan for sourcing of 85,375 meters for its customers. In December last year, the government said it was taking over the Disco...

Banks’ Non-performing Loans Now N1.17trn – NBS         Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of Statistics have shown. According to figures obtained from the NBS’ latest Selected Banking Sector Data Report on Sunday, the...

House Summons Auditor General Over $36.1m W/Bank Loan         The House of Representatives has summoned the acting Auditor General of the Federation, Mr Aghughu Adolphus, over a $36.1m facility under the Fiscal Governance and Institutions Project of the World Bank, to the office. The House Committee on...

Rising Youth Unemployment is a Waiting Time Bomb By Joy Nguri Current youth unemployment figure in Nigeria is estimated at about 17.1 percent of the over 200 million population. This data are estimates from the International Labour Organization, ILO, an agency of the United Nations saddled...