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Abiodun Olujimi
Business

Senate urges CBN to release $717m airlines funds

The Senate passed a resolution on Wednesday, urging the Central Bank of Nigeria to release the sum of $717,478,606, which is currently trapped in the country, to the airlines. This resolution was made on Wednesday during the plenary session, after considering a motion sponsored by a member of the Peoples Democratic Party representing Ekiti, Sen. […]

FG to generate N28.1bn from Ijora workshop concession - ICRC
Business

ICRC urges Nigerian govs to embrace public-private partnership

The Director-General of the Infrastructure Concession Regulator Commission, Mr. Joe Ohiani, has urged state governors to create a Public Private Partnership framework to support infrastructure development in their states. According to the News Agency of Nigeria, Ohiani gave the advise during the Nigeria Governors’ Forum current induction session for newly elected and returning governors in Abuja. Speaking on a […]

AfDB, ECOWAS sign $12m agreement to boost Rice production
Business

AfDB seeks global collaborations on Sustainable Development Goals

The President of the African Development Bank, Akinwumi Adesina, has pushed for international collaboration to help Africa meet the Sustainable Development Goals. Independent News reported that he said this while speaking at the Islamic Development Bank Group’s Annual Meetings under the theme “Sustainable Development Disrupted: Advancing Impactful Partnerships to Rescue the SDGs.” Adesina praised the IsDB […]

Philips consulting
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JAPA: Why firms must improve employee experience

A leading consulting firm, Phillips Consulting Limited has urged both the public and private sectors in Nigeria to reconsider how they approach employee experience and retention in order to address the significant departure of skilled professionals from the country, a trend known as “japa.” According to The Punch, the company stated this in its latest […]

Manufacturing Association of Nigeria
Business

FG’s excise duty hike will cause job losses – MAN

The Manufacturers Association of Nigeria has expressed concern that the recent increase in excise duty for beverage and tobacco products will force businesses to reduce their operations, which may lead to the closure of factories, job losses, and a decrease in exports, among other negative consequences. According to The Punch, the President of MAN, Francis […]

Minister of Science, Technology and Innovation, Dr Olorunnimbe Mamora
Business

Ban import of goods Nigeria can produce, Innovation Min tells FG

The Minister of Science, Technology and Innovation, Dr Olorunnimbe Mamora, has proposed a ban on the importation of foreign goods that can be made locally in Nigeria. Channels reported that the minister made this statement on Tuesday during the 71st Ministerial Media Briefing at the Presidential Villa, Abuja, stating that the ban will protect domestic […]

Google adds feature to allow users read doc aloud
Business

Google to delete unused accounts starting December

The search engine giant, Google has on Tuesday announced that it will delete unused accounts for a period of two years in order to prevent security threats like hacking. According to Google, if an account has not been used or signed into for at least two years, it may delete the account and content across […]

NSIA invests $1bn in healthcare, renewable energy
Business

NSIA invests $1bn in healthcare, renewable energy

Nigeria’s Sovereign Investment Authority, the country’s flagship sovereign wealth fund, has declared its plans to invest $ 1 billion in healthcare and solar energy over the next three years. Bloomberg reported that the company’s chief executive, Aminu Umar-Sadiq, revealed this in an interview on Monday. The NSIA CEO further stated that the organization’s 2023 investing strategy aims […]

How Kaduna govt spent N43.8bn in Q1 2023 - Report
Economy

How Kaduna govt spent N43.8bn in Q1 2023 – Report

Kaduna State Government’s First Quarter Budget Performance Report has revealed that the state spent N43.8 billion out of the N89.1 billion generated in the first quarter of 2023. According to the News Agency of Nigeria, the report was given by the Office of the Accountant General with assistance from the Planning and Budget Commission in Kaduna on […]

Telecommunications

MTN to build new $320m fiber network

The largest mobile network provider in Africa, MTN Group Ltd., plans to invest $320 million in an inland fiber cable that will link 10 countries as the continent’s population continues to rise. Independent News reported that MTN has revealed that in the fourth quarter, the Johannesburg-based company will begin construction on the East2West link through […]

Kathy Lueders, formerly NASA associate administrator of the Space Operations Mission Directorate
Business

SpaceX hires former NASA top official for starship program

Elon Musk’s SpaceX has recently hired a former NASA top official, Kathy Lueders, who recently retired from the agency. CNBC learned from sources familiar with the new development that “Lueders’ role will be general manager, and she will work out of the company’s “Starbase” facility in Texas, reporting directly to SpaceX president and COO Gwynne […]

Director-General of the World Trade Organization, Ngozi Okonjo-Iweala
Business

Watch your debt profiles, Ngozi Okonjo-Iweala advises Nigerian govs

The Director General of the World Trade Organization, Ngozi Okonjo-Iweala, has cautioned the governors of Nigeria’s 36 states to avoid taking on debt that could impede their efforts to deliver the benefits of democracy to their constituents. According to The Punch, Okonjo-Iweala made this statement during the Nigeria Governors’ Forum’s induction program for newly elected […]

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