Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman Aliko Dangote may become the largest exporter of rice in the world by 2021. Speaking at the Mo Ibrahim Forum in Morocco over the weekend, Adesina said Africa must focus on agriculture to drive growth and create jobs on the continent. “I remember […]
As part of its determination to increase foreign exchange liquidity and improve access by Small and Medium Enterprises (SMEs) and retail businesses, the Central Bank of Nigeria (CBN) has introduced the use of FORM X for the SMEs that requires just basic documentation. Confirming the new development, the apex Bank spokesman, Mr Isaac Okorafor, said […]
With 60% of cargo coming to West and Central Africa ending up in the country and also, having the largest wet cargo in Africa, it is obvious that Nigeria should play a leading role in maritime development on the continent. The Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dakuku Peterside, affirmed […]
The Director-General, Nigerian Civil Aviation Authority (NCAA), Mr Usman Muktar, says the Nnamdi Azikiwe International Airport, Abuja, runway is ready for operation and can be opened on Wednesday. Muktar stated this while speaking with newsmen during an inspection of the airport’s runway on Monday in Abuja. The Abuja airport was closed on March 8 for six weeks to enable rehabilitation […]
One-time Minister of Aviation, Chief Femi Fani-Kayode, has been given seven days to pay N500 million and apologise for his Twitter post alleging linking Transport Minister Chibuike Rotimi Amaechi to the over N13 billion recently found by the Economic and Financial Crimes Commission (EFCC) in Osborne Towers, Ikoyi Lagos. Similarly, Lere Olayinka, Media Aide to […]
Governor Okezie Ikpeazu of Abia State has taken the promotion of made-in-Aba products to Guangzhou, China, where he assured investors of a safe and economically vibrant business environment. The governor, according to a statement issued in Umuahia in Friday by his Chief Press Secretary, Enyinnaya Appolos, gave the assurance during his presentation on the investment […]
The Eko Electricity Distribution Plc (EKEDC) says it will ensure uninterrupted power supply throughout the Easter period in the zone. To this end, the electricity company said it had already adopted some measures. Mr Godwin Idemudia, the General Manager, Corporate Communications of the company, told the the News Agency of Nigeria (NAN) in Lagos on […]
A man whose identity has been shielded by a local church in Makurdi, has shocked church members with a tithe offering of N42 million. Investigations by the News Agency of Nigeria (NAN) in Makurdi revealed that the money was paid into the UBA account of the NKST Church High Level Makurdi. Although the pastor of […]
Forty Nigerian Festival Managers have been trained by the British Council on the management of festivals for economic gains, under the Memorandum of Understanding (MoU) signed by Nigeria’s Ministry of Information and Culture and the Council. Minister of Information and Culture, Alhaji Lai Mohammed, made the disclosure in Abuja on Thursday when he received the […]
A consortium of Chinese Companies has concluded arrangements for the take-off of construction of an International Market at Ikot Ekpene and Eket local government areas of Akwa Ibom State. The consortium companies comprises of China Railway and Airport Construction Company, Yiwu International Market Group, Ande Logistics, Forte Energy and Jaagris Nigeria Limited. The leader of […]