Nigeria Ranks 4th On World Bank Borrowers’ List With $14.3Billion Debt World Bank has ranked Nigeria fourth position on the top 10 of its International Development Association (IDA) borrowers’ lost with $14.3 billion in debt. This was revealed in a World Bank Fiscal Year 2022 audited financial statement, which[Read More…]
NITDA opens application for N5m AI research grant for tech startups The National Information Technology Development Agency (NITDA), with the support of the Federal Ministry of Communications, Innovations and Digital Economy, has unveiled the Nigeria Artificial Intelligence Research Scheme, which provides up to N5 million in grants to tech startups[Read More…]
Oil Marketers To Resume Fuel Importation Oil marketers will soon resume importation of Premium Motor Spirit (PMS), popularly known as petrol into Nigeria as the Federal government moves to end the Nigerian National Petroleum Company Limited (NNPCL)’s monopoly of importation. This sequel to a meeting the marketers: Depots and Petroleum[Read More…]
NESG tasks Food producers on food fortification compliance, workforce nutrition In a bid to ensuring that food fortification is established in the industrial levels to foods commonly consumed by large populations and workforce nutrition for economic growth and development, Nigerian Economic Summit Group (NESG), in collaboration with eHealth Africa[Read More…]
MAN tasks FG to deploy comprehensive, concerted effort for Nigeria Manufacturers to compete effectively Manufacturers Association of Nigeria, (MAN) has said that for Nigeria to compete effectively, a comprehensive and concerted effort needs to be deployed by the Government to overtake the binding constrain that limit local production[Read More…]
BREAKING: Tinubu appoints new EFCC Chairman President Bola Tinubu has appointed Mr. Ola Olukoyede as the new Chairman of the Economic and Financial Crimes Commission, EFCC. According to a statement by presidential spokesman, Ajuri Ngelale, on Thursday, he said by the powers vested in President Tinubu as established in section[Read More…]
InDrive invests over N70m to boost drivers safety in Nigeria InDrive has invested over N70 million to demonstrating its firm commitment to elevating urban mobility safety standards in Nigeria. According to the firm, these funds are specifically allocated for the distribution of safety helmets and jackets for its drivers[Read More…]
Tinubu removes Danbatta, names Maida as new EVC for NCC President Bola Tinubu on Wednesday removed the Executive Vice Chairman of the Nigerian Communications Commission, NCC and named Aminu Maida. Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed this in a statement on Wednesday. Until[Read More…]
Telcos renew push for tariff hike, others Mobile network operators (MNOs) have renewed the push to hike the end-user tariff of telecom services in the country, citing high cost of doing business. They urged President Bola Tinubu to cancel the recently suspended 7.5 per cent Value Added Tax (VAT) imposed[Read More…]
NUPRC introduces advanced cargo declaration to curb oil thieft The Nigerian Upstream Regulatory Commission (NUPRC) has introduced an Advanced Cargo Declaration regime in upstream petroleum operations to curb the incessant oil thieft. The commission also announced plans to reactivate shut-in wells as part of initiatives to increase oil and[Read More…]
