The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed.
The minister, who spoke at a workshop aimed at accelerating small hydropower investments in Nigeria, said the lack of capacity to turn potentials into reality has made the country underdeveloped despite its vast resources.
The event held on Tuesday in…
The police on Tuesday, arraigned a 37-year-old man, Nwafor Onyebuchi, before a Badagry Magistrates’ Court, Lagos, for allegedly stealing N21 million from a Catholic Church.
Onyebuchi is facing a three-count charge of stealing, breach of public peace and conspiracy.
He…
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the third and fourth quarters of 2022.
NBS noted that the Ikeja DisCo generated N40,558.7 billion and N45,625.79 in the third and fourth…
Experts in the built environment have said the accidental collision of a truck cannot trigger a total collapse of a properly built structure.
The Lagos State Emergency Management Agency had in a statement claimed that the recently collapsed building on 1st Avenue, in the Banana Island area of Ikoyi, Lagos State the collapse was a result of a truck that ran into the building.
It stated…
The International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked to the divergent trade patterns among countries, with flows increasingly concentrated among geopolitically aligned countries…
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank.
Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on Sunday.
The statement…
Every year, a lot of small and medium scale enterprises flood the market worldwide with new product solutions. This is common in developing economies like Nigeria where SMEs represent about 90 per cent of employment across the globe, the World Bank says.
According to the Nigeria SME Survey, the SMEs contribute 48 per cent to the national Gross Domestic Product, account for 96 per cent of…
The Standard Organisation of Nigeria has said that it destroyed 10 million substandard tyres in six months.
In a statement, the Director General of SON, Mallam Farouk Salim, said this at a one-day sensitisation programme with tyre dealers at the Africa Tyre Village, Lagos…
The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020.
It disclosed this in Abuja through the Nigeria…
withdraws picture, pledges it won’t happen again
The management of FrieslandCampina WAMCO Nigeria Plc, manufacturers of Peak Milk, has apologised to the Christian Association of Nigeria for using the crucifixion of Jesus Christ as a metaphor to promote their product on Good Friday, saying the social media’ advertisement has been withdrawn.
While acknowledging the sensitivity of the social…