By Constance Athekame The Minister of Power, Mr Adebayo Adelabu, says the Federal Government would focus on alternative sources of generation to improve power supply in the country. Speaking in Abuja on Wednesday while interacting with Power Correspondents, Adelabu said that the plan was to de-emphasise the national grid andContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says all Naira notes issued by it remain legal tender. CBN’s Director, Corporate Communications Department, Isa AbdulMumim, made this clarification in a statement on Wednesday. AbdulMumim’s clarification was against the backdrop of reported scarcity of Naira notes across some major citiesContinue Reading
By Lucy Ogalue Dr Akinwumi Adesina, President of African Development Bank (AfDB) said that the Abidjan-Lagos highway corridor has secured a 15.5 billion dollars investment interest. Adesina said this while welcoming participants at the 2023 Africa Investment Forum (AIF) Market Days in Marrakech, Morocco on Wednesday. The News Agency ofContinue Reading
By Rukayat Adeyemi Former Chairman of First Bank of Nigeria Ltd., Mrs Ibukun Awosika, has urged women entrepreneurs to reinvent their businesses to remain relevant in the present changing world. Awosika gave the advice while delivering a keynote address at the 2023 Women High Achievers Trybe (WHAT) conference held inContinue Reading
By Collins Yakubu-Hammer Neveah Limited, an Abuja-based leading commodity trading company, dealing in the export of solid minerals and agricultural products, said it redeemed its obligation of the N2.04 billion Series 13 Commercial Paper (CP) notes issued in July. A CP is a form of unsecured short-term debt security justContinue Reading
By Rukayat Moisemhe The Manufacturers Association of Nigeria (MAN), Raw Materials Research and Development Council (RMRDC) and other stakeholders are set to explore innovation, technology and sustainability strategies aimed at accelerating the entire Africa manufacturing industry. Otunba Francis Meshioye, President, MAN, said this at a news conference on MondayContinue Reading
By Kadiri Abdulrahman The Director-General, Bureau of Public Procurement (BPP), Mamman Ahmadu, has urged procurement officers to ensure integrity and transparency in their procurement dealings at all times. In a statement issued by Janet McDickson, BPP’s Head of Media on Monday in Abuja, Ahamadu made the call while addressing participantsContinue Reading
Dr Dele Alake, the Minister of Solid Minerals Development, has emphasised the significance of technology in sanitising and repositioning the mining sector for greater productivity to attain its full potential. A statement by Segun Tomori, Special Assistant on Media to the minister, said that Alake made this known on MondayContinue Reading
By Taiye Olayemi Chandramouli Kern, Consul General of India in Lagos, says Indians have been recognised as the biggest investors in Nigeria with over 27 million dollar cumulative investment and no fewer than 200 companies. Kern said this on Sunday while declaring open “Anchor Restaurant”, an Afro-Asian restaurant in Lagos. “ThisContinue Reading
By Kadiri Abdulrahman The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, has reiterated that his leadership would focus mainly on the core mandate of price stability. According to a statement from the CBN, Cardoso disclosed this recently, while playing host to the Impact Investing Community. The NewsContinue Reading
