NEC dumps Buhari’s national social transfer register The National Economic Council (NEC) on Thursday dumped former President Muhammadu Buhari’s national social register, opting for a new social register to be developed by each state of the federation The council headed by Vice President Kashim Shettima, is made up of[Read More…]
MAN concern over Exclusion from World Bank-Funded 1.2m Meters THE Manufacturers Association of Nigeria has expressed concern over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector, in the process of the government’s implementation of the NMMP Phase II World Bank-funded supply[Read More…]
PMI foundation supports entrepreneurship Project Management Institute Educational Foundation says it has injected a multi-million rand grant through the African Leadership Academy to support entrepreneurial training for African youths. According to a statement, the grant expanded on PMIEF’s current partnership with the ALA, which sought to introduce students to project[Read More…]
Access Bank enters into acquisition agreements with Standard Chartered Bank Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the[Read More…]
Naira sustains recovery at N746/$ in official market The naira on Thursday recorded a massive gain of N36 to close at N746/$ in the Investors and Exporters (I&E) window– official market. Thursday’s rebound showed two-day straight gain in the official market over improved liquidity and transaction activities. The local currency[Read More…]
DSS Charges suspended CBN governor, Emefiele to court The Department of State Services (DSS) on Thursday said it has dragged embattled Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele to court. DSS PRO, Peter Afunanya disclosed this in a release on Thursday, July 13, 2023. The[Read More…]
Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d’Ivoire & Ghana Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr.[Read More…]
World Bank picks Ogunbiyi, 14 others to drive private sector investment Chief Executive Officer of Sustainable Energy for All, Damilola Ogunbiyi, is one of the 15 chief executive officers (CEOs) and chairs to join the Private Sector Investment Lab. According to a statement by the Bank, the Lab’s core[Read More…]
AfDB backs Tinubu over forex rate Unification African Development Bank (AfDB) yesterday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into the foreign exchange (forex) market. Its President, Dr Akinwumi Adesina, spoke in Abuja at the 2nd Edition[Read More…]
Geometric Power Plant set to add 188MW to national grid Geometric Power Plant in Aba, Abia State, is set to add 188 megawatts (MW) to the national grid in the next two months. The Group Chairman, Geometric Power, Prof. Barth Nnaji, who is also a former Minister of Power, disclosed[Read More…]
