The Federal Government has disclosed that it purchased 58,500 metric tons of milled rice from the Rice Farmers Association of Nigeria (RIFAN) as part of its efforts to stabilise the food items market nationwide. The Minister of Agriculture, Sen. Abubakar Kyari, who made this disclosure during a media chat with journalists in his office in […]
The Nigerian Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Ltd have opened collaborative investment discussions on a solar-hydro hybrid grid targeting 20 Megawatts of power. The Vice President, Kashim Shettima, who gave this hint, said the Fund planned to flag-off the 20 megawatts in its first phase of a 300 megawatts project. Shettima, […]
The Federal Government has restated its commitment to bridging the metering gap and other constraints in the nation’s power sector through investments in critical technological tools and solutions and by so doing boost electricity supply nationwide. The Special Adviser on Energy to Nigeria’s President, Olu Verheijen, made the pledge in her contributions at the 2024 […]
Shareholders under the aegis of the New Dimension Shareholders Association of Nigeria have commended the Securities and Exchange Commission (SEC) for rejecting the company’s request for its major shareholder, PZ Cussons (Holdings), to buy out minority shareholders and delist from the Nigerian Exchange Limited (NGX). According to a corporate Notice by PZ Cussons (Holding), the […]
With electronic waste (E-Waste) from the deployment, usage and disposal of computers, mobile phones, and TVs, among others, exponentially surging across the global landscape on daily basis, the International Telecommunications Union (ITU) has said there is a global concern over the rate at which the E-Waste is being generated. According to the global telecom body, […]
The Senate and House of Representatives Committee on Communications has approved the Nigerian Communications Commission’s (NCC’s) budget projection of N549.6 billion for financial year 2024. During a joint session of the Committee on Wednesday chaired by Sen. Ikra Bilbis, the telecom industry regulatory commission’s 2023 budget performance was reviewed in the presence of Dr. Aminu […]
The Central Bank of Nigeria (CBN) has cleared all valid foreign exchange backlogs in fulfilment of the promise by the Governor, Mr. Olayemi Cardoso, to process for payment an inherited backlog of US$7 billion in claims. The apex bank’s Acting Director, Corporate Communications, Mrs. Hakama Sidi Ali, made this disclosure in a statement issued on […]
The Acting Head of Infrastructure South Africa (ISA), Mameetse Masemola, has estimated that the country will need nearly $5.7 trillion to close the infrastructure investment gap between now and year 2050. The ISA’s boss gave this estimate in a statement issued during the Sustainable Infrastructure Development Symposium South Africa (SIDSSA) on Monday. During a media […]
The Nigeria Customs Service (NCS) and the Joint Tax Board (JTB) have signed a Memorandum on Understanding (MoU) aimed at strengthening their collaboration in the current drive by the fiscal authorities to enhance tax administration at all tiers of government in the country. The deal was sequel to an earlier meeting held on the 16 […]
The Board of Zenith Bank Plc has appointed Dr. Adora Umeoji as the Group Managing Director and Chief Executive Officer of the bank. Umeoji, who before her new appointment served as the Deputy Managing Director of the bank, and has now become the first female GMD/CEO of the leading deposit money bank (DMB), succeeded Dr. […]