Manufacturers Association of Nigeria, MAN, has proposed the expansion of the scope of Central Bank of Nigeria’s Anchor Borrowers Programme (ABP) to further boost production of key commodities and stabilize inputs supply to agro processors. Recall that the ABP scheme was introduced by CBN almost two years ago to boost domestic food production and save […]
The Federal Government says it is initiating a contract disclosure portal. Acting Director-General, Infrastructure Concession Regulatory Commission (ICRC), Mr. Chidi Izuwah, who disclosed this at a Public Private Partnership (PPP) training workshop organised by the World Bank in Lagos, said the ICRC and the World Bank had been working together to ensure more openness and […]
Entrepreneurs of Nigeria (YEN) is set to host entrepreneurship summit for the youth tagged, “Youth Empowerment Summit 2017 (YES2017)”, across the six geo-political zones of the country. The summit is an annual gathering of Nigerian young entrepreneurs and youths at all stages of business development to discuss and x-ray the challenges and solutions proffer to […]
iPhone chip supplier Qualcomm Inc (QCOM.O) faces a new set of antitrust allegations from a group of four companies that assemble the iPhone and other products on behalf of Apple Inc (AAPL.O). Foxconn parent Hon Hai Precision Industry Co (2317.TW), Wistron Corp (3231.TW), Compal Electronics Inc (2324.TW) and Pegatron Corp (4938.TW) alleged that Qualcomm violated […]
The Standards Organisation of Nigeria on Tuesday sealed the premises of Samsung West Africa in Victoria Island, Lagos, for failure to register some of its products being marketed in Nigeria. Head of Public Relations of SON, Mr Bola Fashina, disclosed this in a statement in Abuja. Fashina said that the action was in accordance with […]
The Minister of Information and Culture, Alhaji Lai Mohammed, says government’s decision that any programme meant for Nigerians must be produced in Nigeria, is irreversible, as he responded to the controversy triggered by his earlier pronouncement on the issue. Alhaji Mohammed said there is no going back on the issue as he was not appointed […]
The ruling All Progressives Congress (APC) has constituted a committee to articulate its position on restructuring of Nigeria as agitations in that regard increases. The party`s National Publicity Secretary, Mallam Bolaji Abdullahi, stated in a statement on Wednesday that the decision to raise the committee was part of resolutions reached at a meeting between the […]
Etisalat Nigeria has changed brand name to 9mobile, its Chief Executive Officer, Boye Olusanya, announced Tuesday. “Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to inform its over 20 million subscribers, government, regulatory agencies and all relevant stakeholder groups that the telecommunication company has changed its name to 9mobile as […]
Uber Technologies Incorporated has sealed a pact with Germaine Auto Centre-a Nigeria-based auto service and maintenance company to provide maintenance services to its driver-partners. With the partnership, Uber driver-partners operating in Lagos can have their cars maintained and serviced at a world-class auto facility at a stipulated fee. The relationship between both companies, according to […]
General Motors Co (GM.N) and Japan’s Softbank Group Corp (9984.T) are among the latest investors in Nauto, a Silicon Valley startup developing software for self-driving vehicles. Nauto, based in Palo Alto, said on Tuesday it closed a $159 million Series B funding round, led by Softbank and venture capital firm Greylock Partners. Previous investors included […]