By Grace Alegba Mr Oliver Alawuba, Group Managing Director, United Bank for Africa (UBA), says Nigeria requires a double-digit Gross Domestic Product (GDP) growth to achieve the projected one-trillion-dollar economy target by 2030. Alawuba made this remark on Monday in Abuja, at the ongoing 36th Edition of the Finance CorrespondentsContinue Reading
By Mufutau Ojo The Nigerian Union South Africa (NUSA) has called for a transparent investigation into the death of Dr Francis Idika, a Medical Manager at the Vryheid Hospital in KwaZulu-Natal. NUSA made the call in a statement on Monday after its officials visited the widow of the deceasedContinue Reading
By Okeoghene Akubuike African Export-Import Bank (Afreximbank) says it posted a net income of 973.5 million dollars for Financial Year (FY) 2024. According to the bank, this represents a 29 per cent increase from 2023. Vincent Musumba, Afreximbank Communications and Events Manager, revealed the consolidated financial statements of the bankContinue Reading
By Tosin Kolade The International Water Management Institute (IWMI) has introduced its 2024-2030 strategy to drive innovation in water management and agricultural practices in Nigeria. This announcement was made at the sidelines of the Africa Regional Conference on Irrigation and Drainage in Abuja on Monday. IWMI Director General, Dr MarkContinue Reading
By Kadiri Abdulrahman The Central Bank of Nigeria (CBN) says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion-dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance Correspondents Association of Nigeria (FICAN).Continue Reading
By Ehigimetor Igbaugba The Federal Government on Monday inaugurated the construction of the 65 Kilo Metre Section 3A and 3B of the Lagos-Calabar Coastal Road at Akamkpa Local Government Area of Cross River. The Minister of Works, Chief Dave Umahi, inaugurated the three-lane dual carriageway in company of the CrossContinue Reading
By Jessica Dogo Some telecommunication service consumers in the Federal Capital Territory (FCT) have urged Mobile Network Operators to improve their services to match the recent hike in their tariffs. They made the call in separate interviews with the News Agency of Nigeria (NAN) on Monday in Abuja. The subscribersContinue Reading
By Mark Longyen The Economic Community of West African States (ECOWAS) has called on member states to strengthen their cooperation through the ECOWAS Common Investment Market (ECIM) and attract foreign investment. ECOWAS Commissioner for Economic Affairs and Agriculture, Mrs Massandje Toure-Litse, made this known at a meeting of the ECIMContinue Reading
By Deborah Coker, News Agency of Nigeria (NAN) Recently, the Federal Executive Council (FEC) directed the full implementation of the Naira-for-Crude policy for local refiners. The Naira-for-Crude policy, introduced in 2024, entails the sale of crude oil to domestic refineries– Dangote Refinery and others in naira instead of U.S. dollars.Continue Reading
By Fortune Abang The UN Development Programme (UNDP) Nigeria, says it is committed to working with the Federal Government of Nigeria for effective implementation of Regional Partnership for Democracy (RPD) across West Africa. Ms Elsie Attafuah, the UNDP Resident Representative, Nigeria, said this during a High-Level briefing with the MinisterContinue Reading
