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Thursday 09th July 2020,
Hope for Nigeria

FG aims pension assets of N15.5trn by 2024

The Federal Government forecasts it can increase the nation’s pension plan assets by nearly 300% from $27.2 billion (about N4.216 trillion) March 2014 figure to $100 billion (N15.5 trillion) over the next 2 years. From a deficit of about N2 [...]

July 8, 2014 Economy

Nigeria Receives Extended Credit Windows with IDA, IBRD

Finally, the World Bank found Nigeria credit deserving as well as accorded this with all the much awaited ‘Blend Status’, enabling the nation to currently find developmental loans coming from the two International Development Association (IDA) and also International Bank [...]

July 8, 2014 Economy

Shagaya, Konga CEO/Founder will contribute 10 % to GDP

Simdul Shagaya, founder/CEO, had an engaging discussion with SULAIMON OLANREWAJU forecasting it is just a point of time before electronic shopping become the trend in Nigeria. How did Konga start? What gave you the idea of going into this [...]

July 7, 2014 Business, Economy

Benefits of availing a Nigerian car

Driving a Nigerian car is inspired by 5 important aspects. These are generally to help make the country less dependent on import, increase local manufacturing activities, develop job opportunities, protect against investment flight and also to help make purchase of [...]

July 7, 2014 Economy, Technology, Transportation

21-yr-old arrested by killing his father at Redemption Camp

A man named Tolani Ajayi, was arrested by the Ogun State police command for killing his father named Mr Charles Ajayi, within the Redemption Camp, on Tuesday at Lagos-Ibadan Expressway. The suspect, a 300-level student of the Department of History [...]

July 7, 2014 Environmental issues, General, Law

Wema Bank Plc secured $50m credit line from foreign banks

Wema Bank Plc had secured more than $50 million trade lines from many international correspondent banks. The bank also got development finance in excess of $20 million to support Small and Medium Scale Enterprises (SMEs) among, others. Through these development, [...]

July 7, 2014 Economy

Oyo will introduce community based health insurance scheme

The Oyo State Government has recently declared intentions to introduce a community centered health insurance system for the sustainable healthcare coverage provision for people of the state. The State Commissioner for Health, Dr Muyiwa Gbadegesin said on Saturday while monitoring [...]

July 7, 2014 Health issues

Portugal to improve trade ties with Nigeria

Portugal has shown its willingness to improve the trade ties along with Nigeria, while several Portuguese organizations have concluded intentions to leverage possibilities throughout the country as well as invest in the major sectors of the overall economy. The representatives [...]

July 7, 2014 Economy, Key sectors

1 day-old baby rescued from Abia’spit latrine

A one day-old baby boy, was rescued from throwing into a pit latrine by his mom right after birth from the Ogbor Hill Division in Aba, Abia. It was gathered that the mother of the baby, identified as Nwaizu and [...]

July 7, 2014 General

Akwa Ibom State considered as the highest contributor to Sovereign Wealth Fund

Mr. Uche Orji, Managing Director/Chief Executive of the Nigerian Sovereign Wealth Investment Authority (NSIA), said during a courtesy call on Governor Godswill Akpabio in Uyo on Friday that Akwa Ibom State is considered as among the highest contributor to Sovereign Wealth [...]

July 7, 2014 Economy

13 Nigerian banks included in the world’s top 1000 lenders

There are 13 Nigerian banks are included in the top 1000 list of lenders worldwide. According to The Banker magazine of the Financial Times Group in its 2014 report on banks released on Sunday 6 July, the Nigerian banks attained [...]

July 7, 2014 Economy

60 Nigerian women and girls escape from Boko Haram

Over 60 women as well as girls have apparently escaped from Boko Haram. According to the reports they were among 68 abducted last month near the town of Damboa in the country’s north-eastern Borno state, The Nigerian military said it killed [...]

July 7, 2014 Government and politics

Nigerian Atheist was Freed by Kano Psychiatric Hospital

Nigerian man named Mubarak Bala, who had been admitted in a psychiatric hospital by his loved ones for appearing as an atheist, has been released. According to BBC, Bala was released on Friday due to the ongoing strike by Nigerian [...]

July 5, 2014 General

IMF Sets AIT Mauritius

The first Steering Committee conference of the International Monetary Fund’s (IMF) Africa Training Institute (ATI), that happened last week in Mauritius, made welcome the roll-out of many courses on macro-economic as well as financial management. The Committee called for more [...]

July 5, 2014 Economy

Nigeria lowers gasoline licensees for 3rd Quarter

Nigeria has lowered the number of firms licensed to import gas in the 3rd quarter to 27 from 40 in the last 3 months, details corroborated by regional industry resources on Friday. The 27 companies were allocated gasoline import rights [...]

July 5, 2014 Economy, Oil & Gas

FG Issues $700m for Malaria Eradication

National Malaria Control coordinator, Federal Ministry of Health, Dr. Nnenna Ezeigwe has stated the nation needed about $700 million over the next 3 years to eliminate malaria. Speaking in Abuja at the 2014 GBCHealth/CAMA Annual Technical Forum themed:”capitalizing on Competences: [...]

July 5, 2014 Health issues

Amosun approves N58.1 million retirement benefits to Ex-hotel Managers

Senator Ibikunle Amosun, Ogun State Governor has approved N58.1 million for payment of outstanding retirement benefits owed by managers of the 3 defunct Gateway Hotels in Abeokuta, Ijebu-Ode as well as Ota, that were relieved of their appointments by the [...]

July 5, 2014 Economy

Nigerian Banks Under Searchlight for Terrorism Safety

U.S Justice Department has placed Nigerian banks under searchlight within the wake of rising terrorism throughout the country. Specifically, the banks are being investigated to establish their links, if any, with funding of the various terror cells across the continent, [...]

July 5, 2014 Economy, Finance

Odumodu called African free trade area

Dr. Joseph Odumodu, the President of African Region Standards Organisation, has called for the African Continental Free Trade Area 2017 establishment. Odumodu, who is also the Director-General, Standards Organisation of Nigeria, said this during the African Day of Standardisation celebration [...]

July 5, 2014 Economy

Monday deadline of registrations for Lagos commercial drivers

Public vehicle drivers operating under the aegis of the National Union of Road Transport Workers have got up till Monday to conform with the state government’s instruction to obtain accreditation for their own business. As part of its efforts at [...]

July 5, 2014 Economy, Transportation

FG : More Food in 2050 for Nigerians

The Federal Government has stated that hunger in the country will be reduced and make sure that more than 250 million Nigerians have food in year 2050. To achieve the objective, the government has initiated the National Schools of Agriculture [...]

July 5, 2014 Economy, Health issues

FG partners Chinese on national air carrier

Mr. Samuel Ortom, Minister of Aviation, has stated the federal government will be partnering with Chinese investors in a national carrier. He reassured that government would produce empowering environment for investors within the aviation industry, incorporating that government might be [...]

July 4, 2014 Business, Economy, Technology

Robert Mugabe: White farmers in Zimbabwe must go

President Robert Mugabe of Zimbabwe has called on the remaining white farmers in his country to cede land to black people. “We say no to whites owning our land and they should go,” Mr Mugabe told his supporters at a [...]

July 4, 2014 Culture

IC Alpha Bravo Nigeria Limited Introduces Assets Maintenance Product

The IC Alpha Bravo Nigeria Limited, a Lagos-based company has introduced the Rustoleum kind of modern paints, coating as well as allied material intended for professional users as well as consumers. The products have strong focus on maintenance and renovation. [...]

July 4, 2014 Business, Economy

Lafarge’s Business Consolidation Set to Approve by Shareholders

Lafarge Cement WAPCO Nigeria Plc (Lafarge WAPCO) shareholders will give their approval to the proposal by Lafarge Group in order to negotiate its operations in Africa next Wednesday. Lafarge had last month announced its intention to  create a leading sub- [...]

July 4, 2014 Economy

Yusuff Needs N.6m to Live, please help

This 4-year-old boy named Kehinde Yusuff must live a normal life but he needs six hundred thousand naira. However, his parents remain helpless to get over the debts currently sustained on his illness. As concern supports over hydrocephalus among kids, [...]

July 4, 2014 Health issues

Nigeria and Portugal pledged to strengthen trade ties

To enhance trade as well as strongly encourage the businesses development, Nigeria and also Portugal have got pledged to improve economic relationship among the two countries. Representatives of the two countries likewise guaranteed to build up social, cultural as well [...]

July 4, 2014 Business, Economy

Nigeria gets IAEA back up to build a nuclear power plant

Nigeria would like to construct a nuclear power plant that is capable of increasing its power supply base to the new level stated yesterday by the International Atomic Energy Agency (IAEA). The Deputy Director-General, Technical Cooperation of IAEA,  Dr. Kwaku Aning, [...]

July 4, 2014 Economy, Power

FG and Automobile Manufacturers Pledge Car Prices Will Not Go Up

Yesterday, the federal government as well as National Association of Automobile Manufacturers (NAMA) had cleared on the outcomes of the continuing implementation of the Nigeria Automotive Industrial Plan (NADIP), stating that there’ll be no rise in the costs of vehicles. [...]

July 4, 2014 Business, Economy, Transportation

U.S. Warned Uganda’s Airport Of Possible Terror Attack

U.S. has informed its people in Uganda in which intelligence confirmed there’s probably a terror attack at the Entebbe International Airport. The U.S. embassy in Uganda said in a statement on its website Thursday it had received information from the [...]

July 4, 2014 Military era