By Vivian Emoni The Minister of Solid Minerals Development, Mr Dele Alake, says that solid minerals will contribute 50 per cent to the nation’s Gross Domestic Production (GDP). Alake said this during the unveiling of Agenda for Transformation of the Solid Minerals for International Competitiveness and Domestic Prosperity, in AbujaContinue Reading
By Rukayat Adeyemi One of Nigeria’s leading real estate developers, Sterling Homes, has launched the first inclusive housing scheme named ‘Ojo Ola’, designed to make buildable lands accessible to low income earning Nigerians. The Chief Executive Officer (CEO), Sterling Homes, Dr Kunle Adeyemi, disclosed this to the News Agency ofContinue Reading
By Lydia Ngwakwe An economist, Prof. Akpan Ekpo, has urged the Central Bank of Nigeria (CBN) to take seriously the currency swap agreement with Peoples Bank of China (PBoC) to reduce reliance on dollars for trade. Ekpo, a former Director-General of West African Institute for Financial and Economic Management (WAIFEM),Continue Reading
By Constance Athekame The Abuja Electricity Distribution Company(AEDC) has announced Mr. Christopher Ezeafulukwe as its new Managing Director (MD)/Chief Executive Officer. AEDC’s Chief Marketing Officer, Mr Donald Etim, in a statement in Abuja on Saturday said that the new managing director assumed duty on Friday. Etim said that theContinue Reading
Neveah By Femi Ogunshola Neveah Ltd, a leading commodity trading company has announced Mr Akinsola Akinyemi as the Chief Financial Officer (CFO) and Executive Director of the company. The announcement is contained in a statement by Mr Ibidapo Lawal, the Chief Executive Officer of Neveah. He described Akinyemi as anContinue Reading
By Lydia Ngwakwe The naira appreciated against the dollar on Friday as it exchanged at N740.38 at the Investors and Exporters window. The naira gained by 2.93 per cent compared to the N762.71 it exchanged for the dollar on Thursday. The open indicative rate closed at N775.17 to the dollarContinue Reading
By Rukayat Moisemhe Some stakeholders have canvassed for the support of the Organised Private Sector (OPS), non- governmental organisations and others for initiatives to drive Climate Change Act effective enforcement and engender sustainability. They made the advocacy at the American Business Council (ABC) and Lagos Business School (LBS) SustainabilityContinue Reading
By Oluwafunke Ishola A communication service provider, VDT Communications Ltd., has been awarded an International Organisation for Standardisation (ISO) recertification by the British Standard Institute. Mrs Bimbo Ikumariegbe, Chief Operating Officer, VDT Communications Ltd, in a statement on Thursday in Lagos, said the certification was recognised as the world’s mostContinue Reading
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 23 pips to 7.1788 against the dollar on Friday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from theContinue Reading
By Rukayat Moisemhe Moniepoint Microfinance Bank has expanded its services into the personal banking segment to support Central Bank of Nigeria’s (CBN) goal of achieving 95 per cent financial inclusion by 2024. Acting Managing Director, Moniepoint MFB, Mr Babatunde Olofin, said this at a news conference on Monday in Lagos.Continue Reading
