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Business and Economy

Nigeria, UN sign 5-year Sustainable Development Partnership Framework

  Nigeria and the United Nations (UN) on Thursday signed a five-year Sustainable Development Partnership Framework (UNSDPF) (2018-2022) which is a successor programme to the current United Nations Development Assistance Framework III (UNDAF III) (2014-2017) in Nigeria. The signing ceremony, which was done in Abuja, was the result of the …

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We’ve empowered 4000 businesses to boost Lagos economy – Ambode …Welcomes partnership with MIT to drive entrepreneurship growth

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said that the N25billion Employment Trust Fund (ETF) set up by his administration has successfully empowered over 4000 small and medium scale businesses in the last two years as a means to boost the economy of the State. Governor Ambode, who spoke …

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TD Africa hosts Google senior executives, flaunts Nigeria’s booming ICT potential

Technology Distributions Ltd., Sub-Saharan Africa’s biggest Information and Communications Technology (ICT) distributors made a glowing case for more significant investments in Nigeria’s booming ICT sector as it showcased the huge potential of the market when it hosted a high-powered team of executives from the headquarters of global digital giants, Google. …

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CBN injects $195m into Forex market ahead of MPC decisions …Offers $100m to Wholesale segment; …SMEs window receives $50m boost; …BTA, others get $45m

  Ahead of the decisions of the Monetary Policy Committee (MPC) on Tuesday, July 25, 2017, the Central Bank of Nigeria (CBN) on Monday, July 24, 2017 boosted liquidity in various segments of the inter-bank foreign exchange market with the total of $195 million. At Monday’s Forex trading, the CBN …

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Sterling Bank denies having hidden NAPIMS and NPDC funds

 Management of Sterling Bank Plc has denied having any funds allegedly illegally kept by the National Petroleum Investment Management Services (NAPIMS) and Nigerian Petroleum Development Company (NPDC) contrary to the Federal Government’s Treasury Single Account (TSA) policy. A statement by Henry Bassey, Chief Marketing Officer, Brand Management & Communications Group of …

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FG wants US technical support to develop Transportation and Agriculture sectors

  Nigeria will appreciate the assistance of the United States of America in providing technical support for the development of transportation infrastructure and its agricultural sector as the country intensifies work on its economic diversification project. The Budget and National Planning Minister, Senator Udoma Udo Udoma told the USAID/Nigeria Mission …

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GTBank gets double honors at Euromoney Awards ….. Wins Nigeria’s Best Bank & Africa’s Best Bank for SMEs

Foremost African financial institution; Guaranty Trust Bank Plc reaffirmed its position as a leading global brand with its recent recognition as ‘Nigeria’s Best Bank & Africa’s Best Bank for SMEs’ during the 2017 Euromoney Awards which held in London on Thursday, July 06, 2017 at the prestigious Tower of London. …

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Ambode signs 11,034 Certificates of Occupancy in two years …Vows to stamp out land grabbing in Lagos …Commissions upgraded Land Registry

Lagos State Governor, Mr Akinwunmi Ambode on Thursday said a total of 4,602 Certificates of Occupancy (CofO), as well as 6,118 Governor’s Consent and 314 Deemed Grant Consent totaling 11, 034 land titles have been signed and issued in the State in the last two years. Governor Ambode, who disclosed …

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Collaboration with civil society key to effective implementation of budgets – Udoma

  The Federal Government on Tuesday emphasized the need for effective collaboration of Civil Society Organizations (CSOs) in ensuring effective implementation of public policies, plans and budgets in Nigeria through involvement in advocacy, monitoring and evaluation. Acknowledging the potency of the CSOs in such roles at a Situation Room Dialogue …

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Maritime Varsity: NIMASA works closely with other agencies of government – Dr. Dakuku – Says capacity building needed to sustain maritime sector growth

The Nigerian Maritime Administration and Safety Agency (NIMASA), is working closely with some Agencies of Government at both Federal and State levels to ensure that academic activities at the Nigerian Maritime University (NMU) commence next academic session. The Director General of NIMASA, Dr. Dakuku Peterside who stated this during this …

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