At the largest annual gathering of African entrepreneurs, held over the weekend in Lagos, Nigeria, the Tony Elumelu Foundation (TEF) hosted almost 1,000 women and men from 54 African countries, for the 2nd TEF Entrepreneurship Forum. In his keynote speech, Foundation Chairman Tony O. Elumelu announced partnerships with regional institutions the African Development Bank, ECOWAS, […]
Former Governor of Anambra State, Mr. Peter Obi, and Chairman, Zinox Group, Leo Stan Ekeh, have been confirmed as the headline speakers for a mega entrepreneurship summit scheduled for Michael Okpara Square, Independence Layout, Enugu, on Thursday, November 4, from 10am. Prof. Ositadinma Chinedu Nebo is Chairman of the occasion. The entrepreneurship summit, put together […]
The Minister of Communications, Mr Adebayo Shittu, says the Federal Government plans to purchase two additional satellites for Nigeria Communication Satellite (NigComSat) at the cost of $550 million. Shittu disclosed this on Saturday while speaking with newsmen at the end of the 4th National Council on Communication Technology meeting in Kaduna. He said that the […]
The Federal government has so far spent N3.577 trillion out of the full year budget of N6,060 trillion for the 2016 fiscal year, the Ministry of Budget and National Planning said on Friday. “This translates to a 79% performance of the prorated budget for the three quarters up to September 30, 2016. In addition to […]
The Minister of Finance, Mrs Kemi Adeosun, on Friday said that 30 per cent of the country’s demand for foreign exchange was for fuel importation. Adeosun stated this in Lagos at the launch of ‘FirstGem’, a product of First Bank of Nigeria Ltd., aimed at empowering women through wealth creation. She said that government was […]
Textile companies in Nigeria have decried the increase in cost of raw materials, saying it, has affected the level of production. In an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja, some textile companies’ representatives said that the economic downturn in the country had negatively impacted on their production capacity. Mr […]
Youth-friendly telecommunications company, Etisalat Nigeria, has listed 12 universities across the six geo-political zones as beneficiaries of the 2016 edition of its annual scholarship scheme, Etisalat Merit Award. The telco says this is in furtherance of its commitment to youth development and the promotion of academic excellence, In addition to the institutions, hundreds of their […]
The Nigerian national petroleum company has said there were no immediate plans to increase fuel prices. Addressing newsmen in Abuja, Group General Manager, Group Public Affairs Division of the NNPC, Muhammad Garba-Deen said it already has enough fuel in stock and thus had no reason to increase prices He said, “As for this moment, there […]
Fidelity Bank Plc yesterday handed N2 million to Damilola Emmanuel Olufemi, winner of the First Prize in the Fidelity Get Alert in Millions Savings promo. At an elaborate ceremony held at the Corporate Head Office of the bank in Lagos, a highly elated Olufemi was presented with N2 million, marking a big step in his journey […]
The Nigeria Postal Services, (NIPOST) may start offering banking services if the proposal of the Communications Minister, Mr Adebayo Shittu to President Muhammadu Buhari is approved. The Minister has revealed that the President’s approval is being sought to establish a NIPOST bank, positioned to serve millions of Nigerians in the rural areas. If President Buhari […]