AEDC collaborating with stakeholders to ensure steady electricity in franchise areas – MD

By Constance Athekame The Abuja Electricity Distribution Company(AEDC) says it is collaborating with stakeholders in the power sector to ensure steady electricity in it franchise areas. The Managing Director of AEDC, Mr Chijioke Okwuokenye, said this in Abuja on Thursday while interacting with newsmen. He said, ”We are doing aContinue Reading

NDIC managing almost 600 failed banks’ assets, sensitises debt recovery agents

By Ginika Okoye The Nigeria Deposit Insurance Corporation (NDIC) says the corporation is managing assets of almost 600 failed banks and working to ensure that depositors are paid their uninsured deposits. Mrs Patricia Okosun, the Director, Asset Management Department of the NDIC, said this at a sensitisation seminar for DebtContinue Reading

Senate, Lagos align on transparent procurement drive

  By Grace Alegba   The Chairman of the Senate Committee on Public Procurement, Dr Olajide Ipinsagba, says a transparent and corruption-free procurement system is critical to safeguarding public resources and driving national growth. Ipinsagba made the remark on Thursday at a stakeholders’ consultative meeting organised by the Bureau ofContinue Reading

BPP announces procurement overhaul to safeguard public funds

The Director-General of the Bureau of Public Procurement (BPP), Dr Adebowale Adedokun, has announced new reforms aimed at overhauling the nation’s public procurement system to restore transparency, accountability and value for money. Adedokun made the announcement on Thursday in Lagos at a stakeholders’ consultative meeting organised by the BPP withContinue Reading

ACCI reaffirms commitment to policy advocacy, sustainable economic growth  

By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) has reiterated its dedication to strengthening policy advocacy and driving sustainable economic growth across the country. Chief Emeka Obegolu, President of the ACCI, disclosed this at an Interactive Forum with its National Policy Fellows (NPF), on Thursday in Abuja.Continue Reading

Germany’s Rheinland-Palatinate eyes deeper trade ties with Nigeria

  By Busayo Onijala The German Consulate General in Lagos hosted a reception for a business delegation from Rheinland-Palatinate on Tuesday night to deepen trade relations with Nigeria. The News Agency of Nigeria (NAN) reports that Rhineland-Palatinate or Rhineland-Pfalz, one of Germany’s 16 federal states, boasts a GDP of €185Continue Reading

Tinubu’s trn economy agenda on track- Minister

By Nana Musa The Minister of State for Finance, Dr Doris Uzoka-Anite, has reiterated the Federal Government’s commitment to actualising President Bola Ahmed Tinubu’s one trillion-dollar economy. Uzoka-Anite made this known at the Annual General Meeting (AGM) of the Finance Correspondents Association of Nigeria (FICAN) in Abuja, on Wednesday. TheContinue Reading

Association trains directors on deepening financial inclusion

By Nana Musa The National Association of Microfinance Banks (NAMB) has organised a specialised training on corporate governance for managing directors, chairman an non- executive directors of Micro-Finance Banks (MFBs), The Chairman of the Federal Capital Territory (FCT) Chapter of NAMB, Mr Francis Akie, said that the training was gearedContinue Reading

20 Banks ready for recapitalisation, meet new minimum capital requirements – Cardoso

By Kadiri Abdulrahma The Central Bank of Nigeria (CBN) says 20 Nigerian Banks have already met the new minimum capital requirement in the ongoing bank recapitalisation exercise. The Governor of the CBN, Mr Yemi Cardoso, made this known on Tuesday in Abuja while presenting the communiqué from the 304th meetingContinue Reading