The Lagos State Government on Monday said that it has set a target to utilize the N25billion Employment Trust Fund to provide financial support to over 100,000 Micro, Small and Medium Enterprises (MSMEs) within the next three years. Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Mr. Akintunde Oyebode, who spoke while briefing […]
The Central Bank of Nigeria Governor, Mr Godwin Emefiele, says in less than five years, Nigeria would become self-sufficient in rice production, going by the actions and on-going support of the government to farmers and Nigerians interested in farming. Mr Emefiele who led the Presidential Task Force on rice and wheat production to Cross River […]
By Amechi Obiakpu The Central Bank of Nigeria (CBN) has faulted the impression that the inability of mobile money in Nigeria to achieve a higher success rate in the country six years after it was created was because it is bank-driven rather than telecom-driven. Rather, the apex bank said the telecom companies are more interested […]
It was a night of glitz and glamour with a unique gathering of major stakeholders in Nigeria’s marketing industry as the Advertisers Association of Nigeria (ADVAN) rolled out the red carpet to celebrate outstanding achievers in the country’s marketing space recently. The 2016 ADVAN Awards for Marketing Excellence that took place last weekend at the […]
The European Union, (EU) has urged the Nigerian Government to ensure that it fulfills its commitment to stop gas flaring by 2030. The EU Ambassador to Nigeria and West Africa Michel Arion, stated this on Thursday during a film presentation on Nigeria’s environmental and climatic challenges at the Government House in Kaduna State. He reiterated […]
United Bank for Africa (UBA) Plc is promoting financial literacy among young school children in Nigeria. To this end the bank’s Executive Director, Lagos and West, Mr. Ayoku Liadi, was at the Olivet Baptist High School in Oyo to mentor and teach the students on the benefits of inculcating financial discipline. “The Future belongs to […]
The Association of Nigerian Electricity Distribution Companies (ANEDC) has described the call for a reversal of the privatised power sector by the President of Dangote Group, Aliko Dangote, as reckless. The Federal Government had on Sept. 30, 2013, following the privatisation process initiated by the Goodluck Jonathan regime, divested its shares from the Power Holding […]
By Amechi Obiakpu The Ghanaian government has launched a National Corporate Social Responsibility (CSR) Policy to encourage and promote the contribution of firms to the socio-economic development of the country. The policy according to a report by a Ghanaian news portal, B&FT online, is expected to yield positive and sustainable impacts towards the achievement of […]
By Amechi Obiakpu Engr. Srinivas Jayaraman has been appointed the Acting Managing Director/Chief Operating Officer, Enugu Electricity Distribution Company (EEDC). The company said the appointment is as a result of a comprehensive organizational restructure it recently embarked on aimed at realigning its strategies, direction and priorities to more readily achieve its target ATC&C loss reduction, […]
Despite the country’s raging economic downturn precipitated by the free-fall in global oil prices, Fidelity Bank Plc, one of the country’s highly diversified financial institutions recorded gross earnings of N110.3 billion in its unaudited financial results for nine months ended September 30, 2016. The bank’s gross earnings rose to N110.3 billion from N107 billion, representing […]