The African Development Bank (AfDB) has so far invested about $1 billion on small businesses and infrastructure in Africa, President of the bank, Dr. Akinwunmi Adesina, has said. Dr. Adesina disclosed this recently in Malabo, Equatorial Guinea, at a press conference to herald the AfDB’s 2019 Annual Meetings, due to open in the central African…
Lagos — Nigeria has been named among countries in the West Africa sub-region to benefit from off grid support programme by the World Bank. The board of the World Bank Group reportedly approved a series of funding for the Regional Off-Grid Electrification Project (ROGEP) for selected countries in West Africa and the Sahel region. The…
The Federal Government has concluded plans to introduce cargo delivery by rail to the Kaduna Inland Dry Port. Mr. Tahir Idris, Director, Special Duties, Nigerian Shippers Council (NSC) said in statement in Abuja recently, that the inauguration was scheduled to hold on May 7, at the facility’s premises in Kakuri, Kaduna State. Idris said in…
In order to encourage more innovations in the payment system, the Central Bank of Nigeria, is putting in place a Collateral Management Regime to regulate the activities of Fintech firms and startups in the country. The Director, Payments System Management Department, Sam Okojere, who represented the Governor of the CBN, Godwin Emefiele, disclosed this in…
There is a high probability that a total of 74 Local Government Areas across the country will witness high flood risk when the rainy season begins in full this year, the Nigeria Hydrological Services Agency announced recently. In its 2019 Annual Flood Outlook, which was unveiled in Abuja by the Minister of Water Resources, Suleiman…
The Federal Government will release a new gas pricing template before May 29, to address what it describes as ‘unreasonable tariffs’ imposed by gas distributors on natural gas used by commercial consumers in the manufacturing sector. The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, during an interactive session on National Gas Policy and…
Nigeria will have to spot opportunities for development in the age of technology or be left behind. This view was shared by experts in Lagos during the Nigerian-American Chamber of Commerce April Business Luncheon which held on 25th April, 2019 at the Lagos Oriental Hotel, Victoria Island, Lagos. “Since the fourth Industrial revolution builds on digital…
The Federal Government has commenced moves to rehabilitate the old Burutu port in Delta State and dedicate it to shipment of solid mineral. The Managing Director, Nigeria Export and Import Bank, Mr. Abubakar Bello, gave this indication at a recent stakeholders’ meeting on the cessation of Cabotage waivers. According to the NEXIM bank chief, Nigerian…
