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By Grace Alegba The First Bank of Nigeria Ltd, with Rotary Club International, District 9110, has distributed N20 million worth start-up kits to 102 beneficiaries in Lagos to empower them across various trades. The News Agency of Nigeria (NAN) reports that start-up kits distributed included: grinding machines, plumbing kits, deepContinue Reading

Executive Director, Micro, Small and Medium Enterprises, Bank of Industry, Shekarau Omar; Executive Director, Public Sector/Intervention Programmes, Bank of Industry, Mabel Ndagi; Managing Director, Bank of Industry, Dr Olasupo Olusi; Executive Director, Large Enterprises, Bank of Industry, Simon Aranonu and Executive Director, Corporate Services, Bank of Industry, Usen Effiong at the soft launch of the Bank of Industry’s Rural Area Programme on Investment for Development (RAPID) initiative in Lagos

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By Rukayat Moisemhe The Bank of Industry (BOI) has introduced the Rural Area Programme on Investment and Development (RAPID), which aims to empower youth and women-led businesses in underserved regions. RAPID is to provide capital and opportunities to rural communities, in addressing challenges like rural-urban migration. The Managing Director ofContinue Reading

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By Okeoghene Akubuike The National Bureau of Statistics(NBS) says it plans to produce crowd-sourced data on food prices using Artificial Intelligence. Prince Adeyemi Adeniran, the Statistician-General of the Federation and Chief Executive Officer, NBS, said this at the 1st Bi-Annual Meeting of the National Consultative Committee on Statistics(NCCS),2024 in KeffiContinue Reading

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By Okeoghene Akubuike Stakeholders say the adoption of big data and data science will help reposition Nigeria’s statistical system to enhance effective statistical delivery. They spoke at the ongoing 1st Bi-Annual Meeting of the National Consultative Committee on Statistics (NCCS), 2024 organised by the National Bureau of Statistics (NBS) inContinue Reading

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By Martha Agas The Federal Government has unveiled the Nigerian Minerals Resource Decision Support System (DSS), aimed at helping investors make informed decisions in the sector. The Minister of Solid Minerals Development, Dr Dele Alake unveiled the software on Tuesday in Abuja. The DSS is a comprehensive software platform thatContinue Reading

Naira and Dollar

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By Deborah Coker Sen. Ned Nwoko (PDP-Delta), on Tuesday called on the Federal Government to impose charges on employers who pay their workers in foreign currencies. Nwoko, who represents Delta North at the National Assembly, said this in an interview with the News Agency of Nigeria (NAN) in Abuja. HeContinue Reading

International Monetary Fund (IMF) logo

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By Okeoghene Akubuike The International Monetary Fund(IMF) says determined and well-sequenced implementation of government’s policy intentions would pave the way for faster, more inclusive, resilient growth in Nigeria. The IMF said this in a statement at the conclusion of its Executive Board’s 2024 Article IV Consultation with Nigeria, a copyContinue Reading