November 22, 2019

The Minister of State, Mines and Steel Development, Dr. Uchechukwu Sampson Ogah, has disclosed the readiness of the federal government to revive the coal mines in Enugu State to contribute meaningfully to the socio-economic development of the country as well as the state.

Addressing newsmen after a meeting with Governor Ifeanyi Ugwuanyi at the Government House, Enugu, on Friday, Dr. Ogah, who came with a delegation from the ministry,...

February 11, 2019

The Manufacturers Association of Nigeria (MAN), on Wednesday, reiterated its appeal to the Federal Government not to sign the African Continental Free Trade Area (AfCFTA) to save Nigeria from being a dumping ground for foreign goods.

The President, Mr. Mansur Ahmed, restated the position of the association at the 2019 Edition of the MAN Annual Media Luncheon for Commerce and Industry Correspondents in Lagos.

Ahmed urged the government...

April 27, 2018

The Federal Executive Council (FEC) has approved N10.7billion for the establishment of 10 new rice mills.

This was disclosed yesterday by the Ministers of State for Agriculture, Heineken Lokpobiri after the Council’s meeting chaired by President Muhammadu Buhari at the Presidential Villa, Abuja.

Lokpobiri said that the Council approved the 10 rice mills with the capacity to produce 100 tonnes per day, and the mills would be managed by...

March 7, 2018

Foremost Nigerian Financial Institution, Zenith Bank Plc has confirmed that it is in a strategic partnership with Facebook and Twitter to launch a Masterpass QR bot for Facebook messenger, that will enable Nigerian businesses set up digital accounts and accept QR payments.

QR Payments (Quick Response Payments) will allow individuals and small business make and receive payments in real time via Facebook Messenger.

According to the MD/C...

March 5, 2018

Africa’s richest man, Aliko Dangote on Thursday laid a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin, Jigawa state.

Speaking at the ground-breaking ceremony in Hadin, Kaugama local government area, Dangote said the commencement of the construction of the integrated rice processing plant was the culmination of series of events which began with the signing of a $1 billion agreement with t...

February 23, 2018

Europe is increasing the suffering of African migrants trying to cross the Sahara, the Red Cross chief said, urging lawmakers not to put security above human rights.

Francesco Rocca, head of the International Federation of Red Cross and Red Crescent Societies (IFRC), met migrants in Niger who said they were stranded, unable to head north to Europe or return home.

“When we talk about European migration policies, it is only about securi...

February 12, 2018

Britain’s Export Finance Agency has announced plan to add the Naira to its list of “pre-approved currencies”. 

This will allow the agency provide financing for transactions with Nigerian businesses denominated in the local currency.

According to Reuters, the Naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote trade with Britain.

“This is a...

February 7, 2018

OLX rolls up business in Nigeria: There are indications that OLX, an online marketplace owned by Naspers, has shut down its offices in Nigeria, a move that will affect over 100 of its employees.

It was gathered that the workers were formally informed of the decision on Tuesday through a notice of termination, which will commence in March, and will be followed by the management team in April.

In an emailed response by the Public Relati...

February 5, 2018

The Federal government has explained why it earmarked N4.9 billion for annual electrical maintenance in the Presidential Villa, Aso Rock.

It said the reason was to keep the facilities in good shape.

The Director General Budget Office, Ben Akabueze, said this yesterday in Abuja during an engagement with the media and civil society on the 2018 proposed budget.

“The Villa is quite an expansive edifice with several residences and support s...

February 5, 2018

Marks and Spencer has announced the closure date for one of its Llandudno stores.

The retail giant revealed in November it wanted to shake up its estate in the town.

M&S said it would first close its satellite store on Mostyn Street and relocate staff and departments to the main shop a few doors up the road.

It has now revealed that the closure will happen on Saturday February 10.

Bosses added that they remain committed to then relocat...

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