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AfDB Board Approves $10Mn For Africa’s Green Transition Projects

The Board of Directors of the African Development Bank Group (AfDB) has approved the proposal to take an initial stake of up to $10 million in the “Alliance for Green Infrastructure in Africa – Project Development” (AGIA-PD)” Fund as part of its investment supports for successful green transition of African countries. A news report from […]

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Indian Investors Secure Approval For New $25Mn Investment In Nigeria

In furtherance of its sustained efforts to boost foreign direct investment (FDI) inflows into the country, the Federal Government has given approval to some Indians to invest new $25 million into the Nigerian economy. The India Consul-General to Nigeria, Shri Chandramouli Kumar Kern, gave this hint during the inauguration of Artemis Laboratories Limited’s new pharmaceutical […]

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Nigerians Squander $98.7Bn On Overseas’ Education, Healthcare, PTAs In 10 Yrs – Cardoso

Nigerians spent about $98.7 billion in foreign exchange (FX) for education, healthcare and Personal Travel Allowances (PTAs) between years 2010 and 2020 even in the face of dwindling FX earnings by the country during the period. The Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, who made this disclosure in his speech […]

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Food Prices Sustain Rising Trend Globally – World Bank

The World Bank on Tuesday reported that food prices continued to spike across low, middle, and high-income nations, despite its sustained interventions along with other development partners to boost food production across the global geopolitical zones, The development finance institution, in its latest Food Security Update report published on Tuesday reflected that food prices remained […]

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NAFDAC Begins Enforcement Of Ban On Alcoholic Drinks In Small Sachets

The  National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the  enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from  February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]

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Crown Takaful Insurance Secures NAICOM’s Approval To Commence Operations

Barely three months after the issuance of approval in principle by the National Insurance Commission (NAICOM), the management of Crown Takaful Insurance Limited on Monday, December 18, received the operating licence from the industry regulator authorizing the company to commence business for the benefits of Nigerians nationwide. As a modern concept of ethical insurance, Crown […]

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NAFDAC Deploys Mechanisms To Mitigate Drug Abuse Among Youths

In its renewed efforts to combat the menace of drug and substance abuse in Nigeria, particularly amongst the teeming youth population, the National Agency for Food and Drug Administration and Control (NAFDAC) has put in place effective mechanisms to track and trace narcotic products across the manufacturing and consumption value chain nationwide. The Director-General of […]

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NG-CARES: FG Urges States To Access $329.52Mn From W/Bank Loan

The Minister of Budget and Economic Planning, Sen. Abubakar Atiku Bagudu, has urged states in the country to immediately access the outstanding $329.52 million balance from the Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) programme. Bagudu, who made the call  while inaugurating a Federal Cares Steering Committee (FCSC) for the programme in Abuja, lamented […]

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Sanwo-Olu Signs N2.267Trn Lagos State 2024 Budget

Governor Babajide Sanwo-Olu on Monday signed the N2.267 trillion 2024 Appropriation Bill of Lagos State into law at a ceremony in the State House, Alausa Ikeja. Tagged the “Budget of Renewal”, the state government listed the key thrusts of the capital expenditures as infrastructure, environment, education and technology, just as it significantly raised allocation to […]

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WEF Warns Of Global Risks Landscape In 2024

…Says Misinformation, Disinformation Pose Biggest Short-Term Risks Drawing on nearly two decades of original risks perception data, the World Economic Forum (WEF) has warned the global community of a global risks landscape in which progress in human development is being chipped away slowly, leaving states and individuals vulnerable to new and resurgent risks. The Forum, […]