The Nigerian government is to allocate 60 billion naira ($180 million) more spending on capital projects, as part of the 2016 budget. The Minister of Finance, Mrs Kemi Adeosun, said on Friday that the allocation was an addition to earlier releases, aimed at boosting the economy. Mrs Adeosun said that so far, the government had […]
Governor of Central Bank of Nigeria (CBN), Mr. Godwin I. Emefiele, has been elected President of the Association of African Central Banks (AACB) for the 2016 – 2017 year. He was elected on Thursday by the Assembly of Governors of African Central Banks during its 39th Ordinary Meeting held at CBN Headquarters Abuja. A communiqué […]
Children Television series, ‘Kids Say the Darndest Things’, powered by Cliqlite from Etisalat Nigeria, is set to commence airing the season 2 edition from August 20, for the viewing pleasures of families. The nationwide airing of the series will be on both terrestrial and satellite TV stations and will provide a gateway into the minds […]
The Central Bank of Nigeria (CBN) on Wednesday evening cleared the air on the present state of Skye Bank, dismissing rumours that it is either distressed or liquidated. A statement issued in Abuja and signed by the CBN Acting Director, Corporate Communications, Isaac Okorafor, said: “The attention of the Central Bank of Nigeria (CBN) has […]
UAC Restaurant has launched an in-store promotion to mark 30 years existence of Mr. Bigg’s. Tagged Mr. Bigg’s Shout-out, the promotion is aimed at rewarding its teeming customers nationwide. Speaking at Mr. Bigg’s first franchisee’s outlet in Marina, Lagos, recently to herald the promo launch, UAC Restaurant Marketing Manager, Mrs. Eustesia Ogunnusi said: “The in-store […]
Technology news site, CRN is reporting that about 14,000 jobs would be axed at Cisco Systems Inc., representing nearly 20 percent of the network equipment maker’s global workforce. Citing sources close to the company, the report stated that the San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, as […]
The Nigerian Government says it is ready to partner with States and other Stakeholders in formulating policies and programmes in the Agricultural sector to ensure food sustainability. This was the issue at the front burner of the official launch/public presentation of the Agricultural Sector Roadmap: ‘The Green Alternative: Agriculture Promotion Policy – 2016 – 2020.’ […]
The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has assured of Nigeria’s commitment to the efficient implementation of the National Automotive Industry Development Plan (NAIDP), as part of efforts at fast-tracking Nigeria’s economic diversification goals. The minister said this while receiving a delegation from the African Association of Automotive Manufacturers (AAAM) in his […]
Global Information and Communication Technology (ICT) giants Hewlett Packard (HP) has officially endorsed Yudala Zero Gravity as a Platinum Partner which is the highest partnership cadre. With this, HP will occupy prominent position in all Zero Gravity concerts this year including the road shows that will precede each concert. Yudala Zero Gravity is powered as […]
Those who are ‘hitting’ at multinational companies’ tax strategy of sheltering profits made abroad from the U.S., may have to be a little louder, as Apple CEO, Tim Cook has come in defense of the iphone maker. In an interview with The Washington Post, Cook said that his company would not repatriate money from abroad […]