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Cross River to launch rice mill by December, set to boost local rice production

The Cross River State Government has unveiled plans to build an ultra-modern rice mill, expected to be ready by December of this year. This disclosure was made…

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United Kingdom to deepen fintech partnership in Nigeria

The Nigerian financial technology sector is set to receive a major boost as the United Kingdom has disclosed plans to deepen fintech partnership in Nigeria…

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CBN’s N132.56 billion T-bills auction records oversubscription by 327%

The Treasury Bills Auction of the Central Bank of Nigeria (CBN) held last Wednesday was oversubscribed. The apex bank recorded N433.06 billion during the auction….

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Interswitch expands operations, acquires majority stake in eClat Healthcare

Interswitch Group said it is on a mission to redefine the Nigerian healthcare system. This comes as the company claims that it has revolutionised the country’s financial services…

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Housing: Tackling Nigeria’s huge housing deficit

Recently, the Minister of Works and Housing, Babatunde Fashola disclosed that the Federal Government is currently constructing affordable homes in 34 states of the federation….

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ASSBIFI claims 65% of banks’ staff are contract workers but …

The number of core staff in the banking industry has reportedly hit 35%, as causal and contract staffing in the industry currently stands at 65%….

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UBA commits to creating superior value for customers

Pan African financial institution, United Bank for Africa (UBA) has announced that it is committed to continued investment in cutting edge technology for efficient and…

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Dangote Refinery to export products to Europe, South America, others

As Dangote Refinery nears completion, the Dangote Group, through its Executive Director, Strategy, Capital Projects and Portfolio Development, Devakumar Edwin, has disclosed its desire to…

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FG to explore job creation in video technology

The Federal Government (FG) is looking into job opportunities that can be created in the field of video technology. This is according to the Minister…

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Oil theft gulped $1.35 billion in first six months – Obaseki

The prevalence of oil theft in the Niger Delta region has proven to be a source of worry for Edo State Governor, Mr Godwin Obaseki,…

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NCDMB, BOI, won’t relax conditions to access $200 million NCI Fund despite complaint

The indigenous oil firms have accessed 90% of the $200 million Nigerian Content Intervention Fund set aside by the Nigerian Content Development and Monitoring Board (NCDMB), the Executive Secretary of NCDMB, Simbi Wabote revealed despite…

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January 2020 is no terminal date; Borders will remain shut after then

Contrary to reports that were making the rounds on Sunday that President Muhammadu Buhari had approved the extension of the closure of Nigeria’s borders to…

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MTN Nigeria launches music streaming service, MusicTime

MTN Nigeria has launched a music-streaming platform named “MusicTime!”. This was contained in a press release sent to Nairametrics. According to MTN, MusicTime! allows passionate…

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NIPC to generate N1.46 billion from its activities in 2020

The Nigerian Investment Promotion Commission (NIPC) is expected to generate N1.46 billion from fees through its activities next year.   Ms Yewande Sadiku the Executive Secretary of NIPC disclosed, that section 12…

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LCCI urges FG to create favourable economic policies to drive growth

The President of the Lagos Chamber of Commerce and Industry (LCCI), Babatunde Ruwase, has urged the government to create the right economic policies that will boost investors’…

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FG seeks partnership with National Council of Registered Insurance Brokers, here’s why

In order to tackle the risks associated with investments in the insurance sector, Vice President, Yemi Osinbajo is seeking support from the National Council of Registered Insurance Brokers…

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Fashola divulges FG’s plans to build affordable homes

The Minister of Works and Housing, Babatunde Fashola, has disclosed the plan of the Federal Government (FG) to build more low-cost houses in 34 states…

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OML 119: NNPC records 14 bids for development of oil well

A total of 14 companies have made an opening bid for the development and financing of Oil Mining Lease 119 (OML 119), according to the…

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Ajaokuta’s completion to kick off as Russia provides funds

The recent update given on the completion of the long-abandoned Ajaokuta Steel Complex is that it would be funded by the Russian government. This is…

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FG seeks partnership with National Council of Registered Insurance Brokers, here’s why

In order to tackle the risks associated with investments in the insurance sector, Vice President, Yemi Osinbajo is seeking support from the National Council of Registered Insurance…

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