BOI declares N7.89bn dividend payment to shareholders, 75% profit growth

July 14, 2022 Bode Olagoke 0

The Bank of Industry (BOI) has declared a dividend payment of N7.89 billion for the financial year ended December 2021 to its shareholders, the Ministry of Finance Incorporated and the Central Bank of Nigeria, showing its capacity to withstand economic headwinds to boost federal government’s revenue. BOI also said it recorded a 75 per cent increase in its Profit-Before-Tax to Read More

Flutterwave debunks money laundering allegations in Kenya, says ‘we did no wrong’

July 8, 2022 Bode Olagoke 0

Flutterwave Payment Technology Limited, a leading Nigerian fintech company, has reacted to media reports that it was involved in an alleged money laundering scheme in Kenya. A statement by the company on Thursday, said the claims are entirely false, stressing that it maintains the highest regulatory standards in its operations. It further explained that as a payment platform, it earns Read More

Breaking: Buhari appoints Olawale Fasanya as new SMEDAN DG

June 25, 2022 Bode Olagoke 0

President Muhammadu Buhari has approved the appointment of Mr Olawale Tunde Fasanya as the new Director General, Chief Executive Officer of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN). His appointment which took effect from 6th June 2022 was contained in a letter dated 23rd June 2022 and signed by the Minister of Industry, Trade and Investment Otunba Read More

Nigeria Customs Modernisation Project targets $176bn revenue through Customs partnership

June 3, 2022 Bode Olagoke 0

Following the concession agreement of the Nigeria Customs Service Modernisation Project, Trade Modernization Project Limited has assured that the $176 billion revenue target would be met and surpassed. The $3.2bn investment is set to help achieve the diversification of Nigeria’s economy and development of the non-oil sector, which is close to the heart of President Muhammadu Buhari. The agreement was signed on Read More

Rahamaniyya group denies operating 6 oil refineries in Europe, Middle-East

March 22, 2022 Bode Olagoke 0

The Group Managing Director and Chief Executive Officer of the Rahamaniyya Group, AbdulRahman Bashir, has denied operating six oil refineries across Europe and the Middle East. In a statement released to Blueprint, Tuesday in Abuja, by the Manager, Corporate Affairs, Rahamaniyya Group, Kayode Oyelade, said while the company is into oil and gas, It only has a large depot located Read More

Revealed! How much Nigerian businesses lost to Twitter ban

January 15, 2022 Editor 0

The Lagos Chamber of Commerce & Industry (LCCI) has revealed that Nigerian businesses lost up to N10.72 trillion ($26.1billion) between June 5, 2021 and January 13, 2022. The ban lifted on the Twitter ban means the seven-month shutdown of its operations in Nigeria was over. Director-general of LCCI, Dr. Chinyere Almona, however appealed to the federal government to create an enabling regulatory environment that Read More

SON tasks manufacturers on standards

April 26, 2021 AbdulRaheem Aodu 0

The Standards Organisation of Nigeria (SON) has warned Nigerian manufacturing companies awarded its Mandatory Conformity Assessment Programme (MANCAP) certificate not to compromise standard of their products, but to constantly improve their qualities. The Director General/Chief Executive of SON, Malam Farouk Salim warned that companies that compromise standards after receiving the MANCAP, would lose the certificate, as it would be withdrawn. Read More

2021 budget gets boost as FG auctions bitumen fields

March 21, 2021 Agi Onda 0

Nigeria’s N13.58 trillion 2021 budget may have received the desired boost as the federal government has announced plans to commence a bid licensing round for bitumen fields across the country. A press statement, Sunday, said the Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, made the revelation during the first quarter webinar series organised by the Institute of Change Read More

Youth inclusion, empowerment through N-Power, other NSIPs in North-Central

March 17, 2021 Lewis Chukwuma 0

On March 11, 2021, in Abuja, the federal government inaugurated the third batch of the N-Power exercise on the National Social Investment Management System (NASIMS). NASIMS is the central management platform for the administration and coordination of national social investment programmes (NSIP) under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. The inauguration was chaired by the Read More

For Adamawa, its breath of fresh air under Fintiri

March 17, 2021 Editorial IV 0

MUAZU ABARI reports on how Gov Ahmadu Umaru Fintiri has consolidated on his earlier achievements to return the glory of the state lost to bad governance of past administrations.Ahmadu Umaru Fintiri, the governor of Adamawa state came into Dougerei Government House Yola with a promise of fresh air and commitment to make Adamawa work again, not only for the present Read More

At last, Okonjo-Iweala reveals those who made her WTO appointment possible

March 15, 2021 Abdullahi M. Gulloma 0

The Director general of the World Trade Organization (WYO), Dr Ngozi Okonjo-Iweala, Monday, paid a visit to President Muhammadu Buhari as part of her working visit to Nigeria.Addressing State House correspondents at the end of their closed-door meeting, Okonjo-Iweala said she was in the country to thank the President for the tremendous support he gave her when she was campaigning Read More

Interventions: RMRDC’s spread tentacles to mining sector

March 15, 2021 BINTA SHAMA 0

Raw Materials Research and Development Council (RMRDC) was established to boost Nigeria’s economy through research and innovation. This, the agency is doing with its intervention in the gemstone sub sector; BINTA SHAMA reports. Nigeria is endowed with over 44 different solid minerals including gemstones in large quantities. These includes, Corundum, Beryl, Quartz and its varieties, Tourmaline, Garnet, Aquamarine, Topaz, Spine, Read More

NABDA invents machine to test for covid-19, other viruses

July 20, 2020 BINTA SHAMA 0

Just recently, the National Biotechnology Development Agency (NABDA) was hosted by the Federal Ministry of Science and Technology in collaboration with the Ministry of Agriculture on the launching of an indigenous RNAswift test kit to help test COVID-19 in Nigeria and Africa at large. BINTA SHAMA reports. Study shows that to be able to conduct a test, the viral information Read More

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Innovation: Path to wealth

June 5, 2018 Editorial IV 0

My dream to create anything is not for myself alone, but to impact others. Nigerian youth need to rise up to the reality and take their destiny in their own hands. As an industrial designer and one with the knowledge of mechanical engineering, one of my visions is to transfer that knowledge to the interested young ones, BINTA SHAMA reports. Read More

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SMEDAN empowers 100 entrepreneurs in Kogi

June 4, 2018 Editorial IV 0

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has empowered 100 entrepreneurs with cash to boost their businesses in Kogi. SMEDAN also charged the beneficiaries to inculcate financial discipline into their businesses to enable them grow and attain the status of employer of labour in the state. Presenting a cash support of N40, 000 each to the 100 Read More

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Africa Re emphasises innovation, creativity for market growth

May 18, 2018 Editorial IV 0

  To deepen the African insurance industry, companies and the players must embrace innovation, creativity in the way insurance services are delivered to the consumers. This is the only way to win more consumers, sustain confidence and increase penetration, irrespective of social and environmental challenges. Group Managing Director/CEO, African Reinsurance Corporation (Africa Re) Corneille Karekezi, made the remark at the Read More

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INEC suspends 205 staff over roles in 2015 election

March 28, 2018 Editorial IV 0

Independent National Electoral Commission (INEC) has suspended 205 staff over various unwholesome roles in the 2015 general elections. Its Chairman, Mahmood Yakubu, disclosed this in his keynote address at a National Colloquium organised by the Independent Service Delivery Monitoring Group (ISDMG) yesterday in Abuja. He said the interdiction, recommended by INEC’s Appointments, Promotion and Discipline Committee (APDC) was the highest Read More

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150m migrant workers face exploitation – ILO

February 21, 2018 Editorial IV 0

The International Labour Organisation (ILO), has disclosed that about 150 million migrant workers globally face exploitation. ILO Director General, Guy Ryder, who was speaking during this year’s World Day of Social Justice, said this year’s celebration focuses on the protection of the world’s 150 million migrant workers, many of whom face exploitation, discrimination and violence and lack even the most Read More

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Britain: JPMorgan, Goldman Sach highest paying banks in 2016

January 5, 2018 Editorial IV 0

JPMorgan and Goldman Sachs paid their top bankers in Britain an average of $1.5 million each in 2016, compared with $1 million for local rivals HSBC and Barclays, data released by the banks last year shows. Data compiled by Reuters from 13 banks’ filings, some of which were released only late last month, shows they paid an average of $1.06 Read More

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Nigerian airports record 9.2m passengers, 140,552 aircraft movement in 9 months

December 29, 2017 Editorial IV 0

The Federal Airports Authority of Nigeria (FAAN) says a total of 9.2 million passengers passed through Nigerian airports in 140,552 aircraft movements between January and September 2017. A statistics obtained by the News Agency of Nigeria (NAN) from FAAN in Abuja on Thursday, revealed that 6.38 million domestic and 2.8 international passengers passed through the airports during the period. The Read More

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West African agriculture market in focus at Agra Innovate

November 20, 2017 Editorial IV 0

Nigerian and international agricultural policymakers, agribusiness leaders, farmers, technologists and investors will gather to discuss the latest in agriculture in Nigeria and the whole of West Africa. The exhibition which will be holding at the Landmark Centre in Lagos is the fourth edition of the Agra Innovate West Africa expo, taking place from 21 – 22 November 2017. The exhibition Read More