Economy

Transportation minister appraise Buhari on infrastructural development

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August 13, 2022
The Minister of Transportation, Mr Mu’azu Sambo, says no government has invested more in infrastructural development than that of President Muhammadu Buhari’s. A statement from Mr Eric Osegwe, spokesperson of the ministry said on Saturday in Abuja that Sambo spoke when he inspected facilities in Lagos. They included Tin-Can, Apapa ports and the Mobolaji Johnson train station, Ebutte-Meta…
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Technology

Microsoft ready to partner Nigeria Digital ID4D

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August 13, 2022
American multinational technology company, Microsoft Corporation says it is willing to partner the Nigeria Digital Identification for Development (ID4D) project in the areas of capacity development and data protection. Microsoft’s Government Affairs Lead, Nonye Ujam…
Banking

Jaiz Bank grew balance sheet to N300b in 10 years

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August 12, 2022
Jaiz bank pic says in that in the 10 years of its existence, it has grown its balance sheet from N12 billion in 2011 to N300 billion in 2021. Within the same period, the bank witnessed rapid branch expansion from three to 45 branches spread across the country today. Managing…
Markets

Reps Summon Niyi Adebayo over unauthoried spending by NIPC

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August 12, 2022
The Public Account Committee of the House of Representatives has summoned the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo, to appear before it to explain why he authorised the Nigeria Investment Promotion Commission (NIPC) to spend its internally generated revenue (IGR) without appropriation from the National Assembly. Under the Nigerian law, spending without appropriation is…
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Economy

Lagos government to invest on meat industry

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August 12, 2022
Lagos government to investing in value adding infrastructure with stakeholders in the meat industry to provide sought-after quality products for the benefit of Nigerians. In a keynote address during the Conference of Southwest Directors of Veterinary Services in Lagos…
Economy

Federal govt. needs precaution in rising debt LCCI warns

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August 12, 2022
The Lagos Chamber of Commerce and Industry has expressed worries over debt servicing cost of the Federal Government and advised it to consider deficit financing from equity instead of expensive debts spent on recurrent expenditures. The chamber made the call in a statement signed by its president, Michael Olawale-Cole, titled ‘LCCI statement on Nigeria’s debt burden’. LCCI said the rising…
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Energy

Eterna records N4.1bn gross profit in half year

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August 12, 2022
An integrated energy provider, Eterna Plc, said it recorded N4.1bn gross profit for the half year ended June 30, 2022. It said in a statement on its half-year financial statements released on the floor of the Nigerian Exchange Limited, that this was 57.9per cent increase…
Economy

Why Nigerians must place equal value on importation over exportation

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August 12, 2022
A Professor of Economics at Covenant University, Ota, Jonathan Aremu, has said Nigeria must place equal emphasis on importation to maximally gain from the Africa Continental Free Trade Agreement. Aremu made the call recently while presenting a paper titled ‘Accelerating the AfCFTA Implementation in Nigeria’. The academician, who is a former Assistant Director of Research at the Central Bank of…
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