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Thursday 19th July 2018,
Hope for Nigeria

Sari Iganmu and Gaskiya College roads will commence on September

The renovation of Sari Iganmu as well as Gaskiya College Roads in Apapa-Iganmu Local Council Development Area (LCDA) of Lagos State will begin next month. Contract for the reconstruction of the two roads was awarded earlier in the year. The  [...]

August 20, 2014 Business, Economy

Federal Government to make Devt Finance Institution

To aid industrial development within the nation, the Federal Government stated it will set up wholesale Development Finance Institution (DFI) to offer long-term finances for industrial improvement. Also, the board of the Central Bank of Nigeria (CBN) has approved the [...]

August 20, 2014 Business, Economy

6 Nigerians quarantined in Germany, Vietnam

Six Nigerians were quarantined in Germany as well as Vietnam because of suspicion of having Ebola virus. One Nigerian in Germany, two at Vietnam’s international airport on arrival and three students have confined to their abode for the next 21 [...]

August 20, 2014 Business, Economy

PenCom grants police PFA final approval to manage pension

The National Pension Commission (PenCom) has given the Nigeria Police Force (NPF) Pensions Limited, a Pension Fund Administrator, total approval to function and manage pensions of more than 300, 000 officers as well as men. PenCom Head, Surveillance Department, YakubuDatti [...]

August 20, 2014 Business, Economy

5000 Lagos slum residents displaced by fire

There was wailing as well as gnashing of teeth while fire displaced no fewer than 5,000 inhabitants of Oko Baba, a slum within Ebute Meta, Lagos Mainland. The Monday night inferno gutted over 1,500 shanties. The Lagos State Emergency Management [...]

August 20, 2014 Economy, General

Ebola curfew declared by Liberia president

The president of Liberia has declared a curfew as well as ordered security forces to quarantine a slum place to no less than 50,000 people as the West African nation fought to end the spread of Ebola. The measures came [...]

August 20, 2014 Health issues

Nigeria’s Founding Fathers

  Listed below, is the list of Ten most well known Nigerian leaders. The listing is not in particular order. Remarkably, all the fathers are part of the struggle period for the freedom of Nigeria. 1. CHIEF OBAFEMI AWOLOWO – [...]

August 19, 2014 Video

Nigeria’s Import Waiver

  Remember that Nigeria’s first ever storey building stands on Badagry land? This is not just landmark on the border area of Nigeria with Republic of Benin. The other are the relics of slave trade. What makes news now is [...]

August 19, 2014 Video

Thinking of setting up a business? – 18 profitable businesses you can set up now (Part 2)

Click here for Part 1 7.  Herb Farming Herbal plants are enormously popular nowadays; from a small store to the biggest discount warehouse, you can find therapeutic herbs, culinary herbs, as well as herb teas, baths, candles and also aromatherapy [...]

August 19, 2014 Business, Economy

13 Customs officials in danger over confiscated N600m vehicles

The Nigeria Customs Service (NCS) in Lagos has created a massive catch, confiscating exotic vehicles worth N600 million. It made the seizure following the bursting of a smuggling ring that specialises in importing vehicles through the seaports without paying duty, The [...]

August 19, 2014 Business, Economy

CBN starts disbursement of N220b MSME funds

President Goodluck Jonathan today will start the disbursement of the N220 billion Micro, Medium and small Enterprises Development Fund (MSMEDF) started by the Central Bank of Nigeria (CBN), recently. Speaking during the 8th MSME Conference and Entrepreneurial Awards, which commenced [...]

August 19, 2014 Business, Economy

Liberia Gives Doses Of Zmapp to 3 African Doctors

Health care personnel in Liberia have got given 3 doses of experimental drug ZMapp to 3 physicians struggling with Ebola, 2 medical workers in Monrovia. Liberia, the West African country with the highest death toll from the tropical virus at [...]

August 19, 2014 Health issues

Nigeria’s Inflation Rate Goes up to 8.3 %

Nigeria's inflation rate sustained the growing profile for 5th month in July, increasing the situation for policy makers to put interest rates on hold. Specifically, inflation accelerated to 8.3 per cent from 8.2 per cent a month earlier, the National [...]

August 19, 2014 Business, Economy

Cripple tries to bomb Lagos airport

Tragedy was averted on Monday at the Murtala Muhammed Airport, when the alleged member of Boko Haram was arrested while trying to detonate an explosive at the Centrex unit of the Nigerian Airspace Management Agency (NAMA), at the side of [...]

August 19, 2014 General

Mimiko inaugurated modern mall, promises N2.6bn investment

The governor of Ondo State, Dr Olusegun Mimiko, on Monday, carried out the ground breaking of Akure Shopping Mall having a promise that the construction brings about investment worth N2.6 billion in the region. The shopping mall, put together by [...]

August 19, 2014 Business, Economy

Weco donates computers to help secondary schools

Weco Systems International has got donated computers to chosen schools in Lagos as well as Anambra states. In making the donation, it urged teachers of the beneficiary schools to use the equipment to impart to their pupils necessary Information and [...]

August 19, 2014 Economy, Education, Technology

South African bank will convert Ecobank’s debt into shares

Ecobank, Pan-African lender is anticipating South Africa’s Nedbank to convert the $285m loan into shares prior to the end of year. Ecobank’s Chief Executive Officer, Mr. Albert Essien, on Monday said he was ‘confident’ Nedbank would exercise the conversion option [...]

August 19, 2014 Business, Economy

FG aims $1bn loan for irrigation, water source

The Federal Government said on Monday it would certainly seek around $1bn from the development partners to boost water supply as well as irrigation services throughout Nigeria. The government said the fund would be used to further enhance its Water [...]

August 19, 2014 Business, Economy

Kenya health professionals travel to Liberia to ‘monitor situation’ regarding Ebola

The group of first medical workers departed Nairobi for Monrovia, Liberia, on evening of Friday while the Ministry of Health moves to help provide its potential front-line workers with special safety gear. Led by Dr Elizabeth Mgamb and Dr David [...]

August 19, 2014 Health issues

Nigeria – Africa’s Emerging Business Opportunity (Video1)

  Nigeria assures investors stability within power sector Nigeria would certainly guarantee the stability of legislation as well as offtake agreements regarding power suppliers as the nation looked for to expand electricity outcome. Businessmen all over the world are usually [...]

August 18, 2014 General, Video

The Growth of Foreign Businesses in Nigeria Part 1 Video 2

  Nigeria is definitely West Africa's most populous nation, and amongst the most developed. Petroleum industry investment was performed with a huge scale in the year 1970s, which includes funds dedicated to production, refining, as well as petrochemicals. The petroleum [...]

August 18, 2014 Video

Chinese government provides 1st class rice seeds to Kebbi State, Nigeria

    The research reviewed the demand analysis for rice in Nigeria making use of both primary as well as secondary data. To make this happen, the research examined the socio-economic qualities of rice consuming households, approximated the entire demand [...]

August 18, 2014 Video

6 killed in Kenyan tanker blast

Not less than 6 individuals were killed in the petrol tanker explosion as well as dozens hurt early Sunday along a key highway within northwest Kenya, authorities said. Five of the victims died on the spot while the sixth died [...]

August 18, 2014 General

Govt bans foreign people from attending Osun Osogbo festival

The Osun State Government has got declared that foreigners and people living outside of the state are not permitted to attend the year’s Osun Osogbo celebration to protect against spreading the dreadful Ebola virus towards the state. The Commissioner for [...]

August 18, 2014 Environmental issues, General

Oando to Educate 1,000 Mechanics

Oando Marketing Plc is getting ready to train 1,000 mechanics across the nation regarding how to repair automobiles. The education is one of its empower programmes to maintain its brands. The company said it would train the 1,000 mechanics selected [...]

August 18, 2014 Business, Economy, Technology

Honeywell Flour Mills Plc develops cooking skills for the youth

Honeywell Flour Mills Plc has repeated its dedication to the advancement of skills for the youths to allow them discover themselves and become beneficial to the society. Executive Director, Marketing, Honeywell Flour Mills Plc, Mr. Benson Evbuomwan, who restated this [...]

August 18, 2014 Business, Economy

Aliko Dangote assures distributors of Dangote Cement regarding job placement possibilities

Aliko Dangote, President of Dangote Group and Chairman of Dangote Cement Plc, has assured marketers of Dangote Cement regarding job placement opportunities for relations within the production expansion drive of the firm and his some other investments throughout Agric as [...]

August 18, 2014 Business, Economy

Nigerian Companies Issue International Bonds Valued at $3.4bn

Nigerian companies have got released a total of 9 bonds valued at $3.4 billion within the International Capital Market, benefiting from the window opened with the successful issuance of Nigerian Sovereign Eurobonds. Making this known through a statement issued in [...]

August 18, 2014 Business, Economy

Abuja Disco injects $200m to improve power distribution

Neil Croucher, the Managing Director of Abuja Electricity Distribution Company (AEDC), at the weekend said that the company was injecting around $200 million within 5 years to improve power supply as well as distribution in the coverage area, including Kogi, [...]

August 18, 2014 Economy, Power

FG to implement new infrastructural development master-plan

The Federal Government will start the implementation of the new infrastructural development master plan to tackle the country’s infrastructural loss, in accordance with the Minister of National Panning and chairman national planning Commission, Dr. Abubakar Sulyman. He told reporters at [...]

August 18, 2014 Business
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