ECONOMY

Federal Government to Enhance Nigerian Graduates’ Skills, Improve Employment

It is imperative to enhance the skills set of Nigerian graduates and improve their chances for employment if the Nigerian economy is to grow at sustainable rates. This was the view shared by Tony O. Elumelu, CON, at the Graduate

Nigeria Gets $9 Billion Foreign Loan

The Nigerian Government recognizes the infrastructural challenge in the country, and knows its immediate term revenue may not provide for projects — for speedy upgrade, so the government is taking a $9 billion loan from the Export-Import Bank of China,

U.S. Secretary of State, John Kerry, Briefed About Nigeria, Promises Support

The Minister for Foreign Affairs, Olugbenga Ashiru, has briefed the United States Secretary of States, John Kerry, about Nigeria, discussing development, security and matters of interest. Ashiru said about the discussion that, “I was able to brief him on the

For Gas Supply to Bolster Electricity Generation, World Bank Provides $145 Million to Nigeria

The World Bank has announced $145 million in finance to Nigeria, to bolster gas supply for electricity generation – under its Partial Risk Guarantee (PRG) program. The Gas Supply and Aggregation Agreement (GSAA) was signed – yesterday, by the World

Paper Notes Return, Polymer Out, CBN Says

“By the middle of the year, we will start to produce the second generation of lower denomination notes, now in paper not in polymer,” says the Deputy Governor of the Central Bank of Nigeria (CBN), Tunde Lemo, at the ongoing

New $300 Million Mortgage Deal for Nigeria, by the World Bank

The World Bank and Nigeria are partnering for a $300 million mortgage deal to provide finance for the housing sector in Nigeria. The finance will be operational from 2014, in six states – including Lagos, Anambra, Bauchi and the FCT.

South African President, Jacob Zuma Visits Nigeria, Promises Cooperation

South African President, Jacob Zuma, one of the leaders of the emerging economic blocs consisting of Brazil, Russia, India, China and South Africa, visited Nigeria yesterday. He met with President Jonathan and they discussed issues ranging from trade to cooperation

Nigeria Invests $1 Billion for ICT Innovation Hubs

The Federal Government is providing $1 billion, to develop ICT Innovation hubs around the country. This move is to encourage the generation of more local content and to enable the local software developers get closer access to the facilities necessary

Dangote Donates $.5m to UNICEF, Plans $8 Billion Refinery in Nigeria

Nigerian Industrialist and Billionaire Philanthropist, Aliko Dangote, has donated the sum of $500,000 to UNICEF in Nigeria, to assist the government to manage the recent measles outbreak in certain states in Nigeria. The funds, according to Jean Gough, UNICEF Chief

For 2012, Mergers & Acquisitions in Nigeria Was Worth $7.4 Billion

Global Consulting Giant, KPMG, has said that Mergers & Acquisitions (M & A) in Nigeria for 2012 was worth $7.415 billion. This included deals that involved foreign companies and local ones. It was 379% increase from 2011, when M &

In Nigeria, Poverty Is Waning, Oxford University Says

Poverty in Nigeria is waning, according to a study by Oxford Poverty and Human Development Initiative (OPHI). The study of its Multidimensional Poverty Index (MPI) of 2013, puts Nigeria and several developing countries, as improving — combating poverty. This, largely

Globally, Nigeria’s Now a Choice Place for Investment, KPMG Says

The Global Chairman of KPMG, Michael Andrew, has said during a recent visit to Nigeria, that Nigeria, Indonesia, Turkey and Mexico are the new choice places for investments — globally. He made this known as he met the press during

Brazilian President Dilma Rousseff Visits Nigeria, Targets Ties, Trade and Investments

Brazilian President Dilma Rousseff was in Nigeria over the weekend. She came by after the Africa-South America Summit, held in Guinea last week. She met with the President, high level bureaucrats and business leaders, to improve trade ties and corporation

Transcorp, Bid Winner for Ughelli Power Plant, Signs With BPE to Take Over

The official signing ceremony for the winning bidders of the privatization of the Power Holding Company of Nigeria (PHCN), was held yesterday at the Presidential Villa in Abuja. The ceremony, hosted by the Bureau for Public Enterprises (BPE) and presided

Poem of the Week: Lessons from Ivanhoe

Nehi Igbinijesu Stars, whistles, bottles, thistles Who the future light will tell Furores, discos, livid occidentals Tomorrow pray we turnout well Prime free lendings Of dirty funny money The demure everlasting Withering furtive fishes Causing sneezes and colds From Cathay

Heirs Holdings: AFEX Announces Executive Appointments in Rwanda

In line with its strategy to build commodity exchanges across Africa, Africa Exchange Holdings (AFEX) announced two key appointments for its subsidiary East Africa Exchange (EAX) in Rwanda. Paul Kukubo, Chief Executive Officer of the Kenya Information, Communication and Technology

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