By Constance Athekame The African Development Bank (AfDB) says it plans to support Nigeria’s power sector with one billion dollars to boost electricity. Dr Kevin Kariuki, Vice President, Power, Energy, Climate Change and Green Growth Complex, AfDB, said this on Thursday at the Eight Africa Energy MarketPlace (AEMP) Forum inContinue Reading
By Yunus Yusuf Mrs Jumoke Oyedun, Managing Director, ACME Multi Tech Services Ltd., has called on the Federal Government to further strengthen local content policies in the oil and gas sector. Oyedun, a Nigerian accredited member of the organising committee of the 2024 Offshore Technology Conference (OTC), toldContinue Reading
By Lucy Ogalue The African Development Bank (AfDB) and InterAmerican Development Bank (IDB) have welcomed International Monetary Fund’s (IMF) Executive Board’s approval of the use of Special Drawing Rights (SDRs) for Hybrid Capital Instruments. The AfDB in a statement, said the IMF approval allowed countries to channel SDRs through multilateralContinue Reading
By Vivian Emoni The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), in collaboration with Joint Admission and Matriculation Board (JAMB), on Thursday conducted 2024 staff promotion exercise for senior officers of the commission with Computer-Based Test (CBT). The News Agency of Nigeria (NAN) reports that the officers who participated inContinue Reading
By Okeoghene Akubuike The African Export-Import Bank (Afreximbank) says it has concluded arrangements for a facility of 250 million dollars with the International Islamic Trade Finance Corporation (ITFC) in support of trade and projects in Africa. This is contained in a statement issued by Vincent Musumba, Media Relations Manager, Afreximbank,Continue Reading
By Rukayat Moisemhe Mrs Ngozi Oyewole, Chairperson, Wood/Wood Products, a sectorial group in the Manufacturers Association of Nigeria (MAN), has urged the Federal Government to support the wood industry by sustaining forest management. Oyewole, also the Founder of Noxie Ltd., gave the advice in an interview with the News AgencyContinue Reading
By Rukayat Moisemhe Mrs Ngozi Oyewole, Chairman Wood/Wood Products Sectoral Group, Manufacturers Association of Nigeria (MAN), says the wood and wood products industry can significantly contribute to the nation’s revenue diversification efforts. Oyewole, also the founder of Noxie Ltd., made the assertion in an interview with the News Agency ofContinue Reading
By Phillip Yatai President Bola Tinubu’s economic reforms have started bearing fruits, the Minister of Budget and Economic Planning, Sen. Abubakar Bagudu, has said. Bagudu told newsmen on Friday in Abuja, that the measures had restored faith in the country’s economy. A statement by Bola Adebiyi, his Special Assistant onContinue Reading
By Vivian Emoni Paying taxes should not be a burden but an investment to collective future, Mr Abdul-Kabir Opeyemi, an expert on Taxation and Revenue, said on Wednesday. Opeyemi, Special Adviser on Taxation and Revenue to Lagos State Governor, Mr Babajide Sanwo-Olu, made the assertion in an interview withContinue Reading
By Okeoghene Akubuike The National Automotive Design and Development Council (NADDC), says there is a need for proper regulation of Compressed Natural Gas (CNG) conversion to provide safe CNG vehicles. Joseph Osanipin, the Director-General, NADDC, said this at a Stakeholders Engagement Meeting on Accreditation of Compressed Natural Gas (CNG) PoweredContinue Reading
