The Minister of Industry, Trade and Investment, Okey Enelamah, has reiterated government’s commitment to ending the current economic recession. He said this can be possible through strategic policies such as robust partnership between government and the private sector, support to Micro, Small and Medium Enterprises (MSMEs), as well as intervening in high potential sectors including […]
Arik Air on Monday celebrated its 10th anniversary with the addition of a new Bombardier CRJ-900 aircraft to its fleet. The airline’s Managing Director, Mr Chris Ndulue, told newsmen in Lagos that the addition was part of plans of Arik to increase its fleet to 52 by 2025. Ndulue said the new aircraft was rolled […]
Nigeria has set January 2017 timeline for the development of an actionable roadmap to unveil the real owners of extractive companies in the country by 2020. The plan is in line with a mandate of the Extractive Industries Transparency Initiative (EITI). The Minister of Solid Minerals, Dr. Kayode Fayemi, says anonymous companies have been used […]
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 […]