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
Analysts have warned that Nigeria may be hanging by a very thin thread as policy makers tend to align strategic reforms beneficial to the economy with reducing the short term pain of citizens. The result is seen in the rate at which subsidies is messing up economic growth. Foremost analysts, Bismarck Rewane, Chief Operating Officer (COO) of Financial Derivatives Company Read More
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
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
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
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
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
Muhammadu Buhari has declared his readiness to deal with insecurity bedevilling Nigeria. Buhari who spoke during his Democracy Day broadcast on Saturday also said he was ready to lay down his life for Nigeria, major reason he joined armed forces. Read his full speech below SPEECH BY HIS EXCELLENCY, MUHAMMADU BUHARI, PRESIDENT AND COMMANDER IN CHIEF OF THE ARMED FORCES Read More
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
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
Nigeria’s construction industry is due to grow by 3.9 per cent in 2021 after a 7.7 per cent decline in 2020, according to economic analyst GlobalData. The fall was caused by Covid-19 restrictions and a drop in demand for oil and gas, which accounts for 65 per cent of government revenues. Global Construction Review (GCR) said, Nigeria’s construction market is Read More
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
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
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
He would have been a professor if he had remained in the academia. He would have been a successful General if he had chosen the route taken by some of his friends. He would have been an accomplished public servant had he joined the public service, or he would have been a top diplomat in the Foreign Service had he Read More
A renowned expert in installation, construction and maintenance of equipment in the Oil & Gas sector, Engr Abdulqadir Ojo, has said there is no going back in his quest towards promotion of gas as an alternative fuel to petrol, kerosine and diesel.Engr Ojo made this known on Tuesday while speaking at the conferment of an Honourary Doctorate Degree on him Read More
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 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
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
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
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
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
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
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
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
Copyright © 2021 | Blueprint Newspapers Limited