We are optimising the minerals value chain – Adegbite

July 21, 2021 Ayoni M. Agbabiaka 0

One of the initiatives designed to support the mining sector in Nigeria is the optimisation of the mineral value chain. The ultimate objective is to minimise the export of raw materials, create value along the chain that would increase industrial and manufacturing activities, create employment and foster skills development. “Presently, our priority is anchored in the gold sector. We are Read More

Re: FCC chairman in alleged certificate forgery

July 10, 2021 Musa Wada 0

When the Senate confirmed Dr. Muheeba Dankaka as the chairman of the Federal Character Commission (FCC), it ushered in a new era at the commission. Having been part of a 38-man list submitted by President Muhammadu Buhari for appointment into the commission, Dr. Dankaka, a native of Offa in Kwara state, was confirmed as the chairman of the commission on Read More

Minister urges cooperatives to rebuild Nigerian economy

July 4, 2021 John Oba 0

As Nigeria joined the rest of the world to mark the 2021 International Day of Cooperatives, the Minister of Agriculture and Rural Development, Alhaji Muhammad Sabo Nanono, has called on the Nigerian Cooperative Movements to assiduously “work the talk” by cooperating among themselves and with other organizations and people to develop and implement strategies and projects that will lead to Read More

Nigeria’s economy to bounce back by 3.1% in 2021 – Vetiva

June 28, 2021 Blessing Anaro 0

Vetiva Research has predicted that the Nigerian economy will rebound by 3.1 per cent in 2021. In its second half of 2021 macroeconomic outlook for the Nigerian economy, titled, “On the cusp of recovery,” the Lagos-based firm appraised developments on the global, continental and domestic scenes. On the global scene, the analysts reviewed the COVID-19 virus and vaccine developments, the Read More

We must patronise made-in-Nigeria phone

June 27, 2021 Blueprint 0

Many Nigerians are jubilating over the launch of made in Nigeria smart phone by President Muhammadu Buhari, describing the innovation as an excellent one, and hoping Nigeria will soon join the league of the developed world. Indeed it is welcome development that every Nigerian needs to be proud of as it’s the first of its kind; the innovation shows Nigeria’s Read More

ACEN 2021: Omisore invited as special guest

June 20, 2021 Bayo Agboola 0

A former Deputy Governor of Osun state, Senator Iyiola Omisore, is to be the special guest at the 2021 Association of Consulting Engineering in Nigeria, (ACEN) extra ordinary general meeting billed for Port Harcourt on July 1. A letter signed on behalf of the association by Engineer Sunday Kalejaye stated that, the extra ordinary meeting will hold at the Royal Read More

With waivers we can generate N320trn annually, coconut producers tell FG

June 9, 2021 Najib Sani 0

The National Coconut Producers, Processors and Marketers Association of Nigeria (NACOPPMAN) has pleaded with the federal government to grant a waiver to the association in order to import varieties of coconut and also collaborate in coconut export to generate up to N320 trillion annually. Addressing journalists Wednesday in Abuja during the flag-off of the 2021 coconut planting season, with the Read More

Minister tasks heads of parastatals, others to sustain govt. policies

May 26, 2021 Ayoni M. Agbabiaka 0

The Minister of Communications and Digital Economy, Dr Isa Ali Ibrahim Pantami has tasked stakeholders and chief executive officers of parastatals under the ministry to continue to support policies of the federal government. He congratulated them on the consistent performance of the sector as the Information and Communications Technology (ICT) sector retained its role as the sector with the highest Read More

Crown Flour Mill restates commitment to bolster productivity level, boost employment

May 18, 2021 Suleiman Idris 0

Efforts to boost capacity and employment in the banking industry in Nigeria received a boost as Crown Flour Mill Limited (CFM), makers of the popular Mama Gold Flour brands, echoed its commitment to providing scaled support resources to bolster the productivity level and employment generating capacity of the industry. Managing Director of Crown Flour Mill Limited, Ashish Pande said, “The Read More

Rating agency assigns triple “AAA” long term rating to DBN

May 11, 2021 David Agba 0

Global Credit Ratings (GCR), one of the leading rating agencies in Africa, has assigned the Development Bank of Nigeria an “AAA” Long Term National Scale rating. GCR stated this on its website. The conferment, which is the highest rating for financial institutions, is in line with the “risk-free” rating of the Nigerian Sovereign and attests to DBN’s strong fundamentals and Read More

We’ll develop our irrigation facilities more, Buhari assures

May 7, 2021 Abdullahi M. Gulloma 0

The federal government would focus on greater development of irrigation facilities in the country, and encourage more people into agriculture, President Muhammadu Buhari has pledged. He spoke Friday at State House, Abuja, during the 6th regular meeting with the Presidential Economic Advisory Council (PEAC), led by Professor Doyin Salami. President Buhari said agriculture was a good way for the country Read More

APC governors disown Obaseki over currency printing claim

April 18, 2021 Bode Olagoke 0

The Progressive Governors Forum (PGF) has debunked claims by Governor Godwin Obaseki of Edo state that the federal government printed between N50 billion – N60 billion to bridge the shortfall in the distribution of federation revenues to the three tiers of government in March 2021, saying that the claims did not reflect the true position of things. The Forum, in Read More

The blueprint for Nigeria’s economy

April 13, 2021 Blueprint 0

The disclosure by the Director General of World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, that the organisation is worried about Nigeria’s multiple exchange rate regime and how it will affect trade should serve as a wake-up call on Nigeria’s economic managers, particularly the fiscal and monetary policy makers (the Central Bank of Nigeria). Okonjo-Iweala, who expressed the concern while fielding Read More

NAICOM warns contravening corporate governance

April 8, 2021 Blueprint 0

The National Insurance Commission (NAICOM) has put insurance firms on notice that from June 1 this year, the implementation of new corporate governance guidelines for the insurance industry will begin. The Commission which confirmed the development in notice issued on its website, advised companies not to contravene or violate the guidelines as there are sanctions attached to it. It implored Read More

DBN’s disbursed loans rise by 89% from N101.5bn to N191.7bn

April 1, 2021 David Agba 0

Development Bank of Nigeria Plc (DBN), which recently released its 2020 financial report, witnessed a surge in the volume of loans disbursed by 89 per cent (N90.2 billion) from N101.5 billion in 2019 to N191.7 billion in 2020. This growth is in line with the agency’s core mandate of facilitating sustainable socio-economic development by improving financial access for MSMEs in Read More

Nigeria’s economy cannot grow without synergy among stakeholders – ES Shippers council

March 25, 2021 David Agba 0

The Executive Secretary, Nigerian Shippers’ Council (NSC) Hassan Bello, Thursday said that the Nigerian economy cannot attain equilibrium unless there is synergy among major stakeholders. He started this while addressing the Annual General Meeting of the Abuja Shippers’ Association in Abuja. Bello charged the association to work as a team and ensure that only genuine shippers were members of the Read More

ITF/NCDMB trainees assemble Nigeria’s first indigenous GSM smartphone

March 23, 2021 Adeola Tukuru, 0

The director-general of the Industrial Training Fund (ITF) Joseph Ari has revealed that some trainees from the Fund have been able to assemble the country’s first indigenous GSM smartphone. Ari confirmed this on Monday during a virtual meeting at the graduating ceremony of the ITF/Nigerian Content Development and Monitoring Board (NCDMB) vocational skills training programme. According to him, plans are Read More

FG to support MSME with $1bn syndicated term loan

March 23, 2021 Adeola Tukuru 0

Federal Ministry of Industry, Trade and Investment has concluded a USD1billion syndicated term loan in conjunction with international partners to further support Small and Medium Scale Enterprises (MSME) in the country. Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo said the loan is aimed at “further improving the capacity of the bank to effectively support Micro, Small and Medium Read More

ATBU to unbundles computer science programme

March 18, 2021 Najib Sani 0

The Vice Chancellor of the Abubakar Tafawa Balewa University (ATBU) Bauchi Professor Muhammadu Ahmad Abdulazeez, has disclosed plan to unbundle Computer Science programme into different degree courses. He made the plan known Wednesday while presenting computer laptops to staff of the department of mathematical sciences in their Yelwa campus’ e-library. The computers were donated to the department by the National Read More

FG initiates operational guideline for power sector

March 16, 2021 Moses John 0

Federal Ministry of Labour and Employment has initiated the processes towards the development of an Operational Guideline for the Power Sector, for effective and efficient service delivery. The guideline would moderate the activities of the stakeholders for the purpose of ensuring enabling and harmonious industrial relations in that sector. Permanent Secretary in the ministry, Dr Yerima Peter Tarfa, stated this Read More