The Institute for Agricultural Research (IAR), Ahmadu Bello University, Zaria says it secured approval for the release of the three new high-yielding nutrient maize varieties for planting in Nigeria. The Institute made this known in a statement made available to the News Agency of Nigeria (NAN) on Wednesday in Lagos. The institute said the approval […]
A group of foreign companies operating in Nigeria, Tuesday tasked the federal government to improve the business environment, stressing that business cannot thrive in a hostile environment. The Austrian, German and Switzerland (AGS) Business Outlook for 2017, described the business environment in the country as negative noting, however, that they are optimistic the situation will […]
The Federal Government has issued a two-week ultimatum to the Akwa Ibom government to fully deploy N-Power volunteers or lose its slots to other states. Mr. Afolabi Imoukhuede, the Senior Special Assistant to the President on Job Creation and Youth Employment, issued the warning at the state institutional stakeholders meeting in Uyo. After visiting some […]
The Central Bank of Nigeria has appointed a Deputy Governor of the bank, Dr. Joseph Nnanna, as the Chairman of Etisalat Nigeria. Etisalat Nigeria is a private telecommunications company in trouble with 13 local lenders over a multi-million dollar loan. Nnanna replaces Etisalat Nigeria’s founding Chairman, Hakeem Belo-Osagie who resigned from the board last week. […]
The Abuja Electricity Distribution Company (AEDC) is set to procure additional 30,000 prepaid meters to intensify mass metering of customers in its franchise locations. The locations are Kogi, Niger, Nasarawa and the Federal Capital Territory. While signing the contract for supply of the meters in Abuja on Tuesday, the Managing Director of AEDC, Mr Ernest […]
Minister of Communications, Adebayo Shittu, has commended the Hewlett Packard (HP) Nigeria for being on the forefront to take the initiative of collaborating with the ministry in the establishment of ICT University of Nigeria (UICT). Shittu stated this during a meeting with Hewlett at seeking areas of collaboration in the development of UICT. He challenged […]
The debt crisis rocking Etisalat Nigeria took a new turn Monday when the company’s chief executive officer (CEO), Mr. Matthew Willsher, and chief financial officer (CFO), Mr. Wole Obasunloye, resigned their appointments. Their resignation came a few days after its Emirati non-executive directors (NEDs), representing the interests of Mubadala Development Company and Emirates Telecoms Group […]
The prices of several big-name Nasdaq-listed (NDAQ.O) stocks appeared on some websites to either spike or plummet well after the closing bell on Monday, seemingly due to a glitch related to the market data that runs the largely automated markets. At around 6:30 p.m., the prices of Amazon Inc (AMZN.O) and Microsoft Corp (MSFT.O) stocks […]
National Sugar Development Council (NSDC) says Federal Government has introduced new guidelines and benchmarks for raw sugar allocation for operators in the sector. Executive Secretary of the council, Dr Latif Busari, made this known in a statement in Abuja on Monday, and said that the measure was to improve performance of operators of Backward Integration […]
An expert has predicted that in eight years, the sale of petrol or diesel cars, buses, or trucks anywhere in the world would be outdated as the entire market for land transport will switch to electrification, leading to a collapse of oil prices and the demise of the petroleum industry. This is the futuristic forecast […]