NDDC to Revive Rice Mill in Rivers
The Niger Delta Development Commission (NDDC) has revealed its intention to revive the rice mill situated in Elele Alimini, Emohua Local Government Area of Rivers State.
Category: Business
Kenya Gears Up to Host World Bank IDA21 Forum: President Ruto Pushes for Reforms
Kenya is set to host the World Bank International Development Association (IDA21) forum in April 2024. President William Ruto, after engaging in crucial discussions with key international partners, including Italian President Sergio Mattarella, Prime Minister Giorgia Meloni, and EU Council […]
Femi Otedola Assumes Role as Chairman of First Bank of Nigeria
Nigerian tycoon and business magnate, Femi Otedola, has been officially appointed as the new Chairman of the Board of Directors for First Bank of Nigeria (FBN) Holdings. This strategic transition marks a significant shift in leadership for Nigeria’s oldest financial […]
Indian Corporations Inject $27 Billion into Nigerian Economy to Strengthen Bilateral Ties
150 Indian companies have injected a cumulative $27 billion into Nigeria, marking a robust partnership between the two nations. The disclosure came from Mr. Gangadharan Balasubramanian, the Indian High Commissioner to Nigeria, during a commemorative dinner in Abuja celebrating India’s […]
1500 CBN staff to resume at Lagos office on February 2
On Friday, February 2, 2024, a substantial workforce comprising at least 1,500 members of staff from the Central Bank of Nigeria (CBN) is set to commence their duties at the institution’s Lagos office, having undergone a strategic redeployment from the headquarters.
Starlink Broadens African Footprint with Strategic Choice of Kenya for First Physical Office
Starlink, the satellite internet company under SpaceX, has established its first physical office on the continent in Nairobi, Kenya. This decision comes on the heels of Starlink launching its services in Nigeria, marking its foray into the African market. SpaceX […]
Rwanda Signs Groundbreaking Deal with APTF to Transform Africa’s Pharmaceutical Landscape
The government of Rwanda has inked a transformative agreement with the African Pharmaceutical Technology Foundation (APTF). The deal, signed on December 18, underscores a collective commitment to leveraging technology to reshape the medical landscape across the continent. Despite Africa producing […]
Governor Sanwo-Olu Launches N750 Million Trader Money Initiative to Boost Lagos State’s Local Economy
In a bid to uplift low-income traders and fortify Lagos State’s food supply chain, Governor Babajide Sanwo-Olu inaugurated the Trader Money Initiative, injecting a substantial N750 million into the program. The announcement came during the commissioning of the Fresh Food […]
2023: Nigeria Records N1.88 Trillion Trade Surplus in Third Quarter
Nigeria’s economy witnessed a significant surge in the third quarter of 2023, with the National Bureau of Statistics (NBS) reporting a total external merchandise trade value of N18.80 trillion. The latest figures unveiled a robust trade surplus, fueled by substantial […]
Nigeria’s Federal Government Unveils Palliative Programmes to Mitigate Fuel Subsidy Removal Impact
The Federal Government of Nigeria has announced the initiation of its Presidential Palliative Programme, in a move aimed at cushioning the effects of the recent fuel subsidy removal. This strategic intervention, comprising the Presidential Conditional Grant Programme and the Presidential […]