Nigeria-Indonesia Trade Hits $449M

Trade volume between Nigeria and Inodnesia currently stands at $449 million, and is projected to increase by 12 percent this year, according to the Indonesia Trade Promotion Centre (ITPC). Director of ITPC, Mr. Pontas Tobing, at a briefing to announce

FCMB to Sponsor Falilat Ogunkoya-Omotayo Athletics Competition

First City Monument Bank has said it will sponsor the forthcoming edition of Falilat Ogunkoya-Omotayo Athletics Competition slated to hold in Otunba Dipo Dina International Stadium, Ijebu-Ode between October 17th and 19th, 2013. The competition is organised by Falilat Ogunkoya

MTN Donates 25 Security Vans to Lagos

MTN Nigeria has donated 25 Hilux patrol vans to the Lagos State Government for security and to taper crime in the state. The Chief Executive of MTN, Micheal Ikpoki, presented the vans at the Government secretariat in Ikeja, Lagos.

Google and Nestlé announce Android KitKat

Google has announced the name of its latest version of Android mobile operating system, ‘KitKat’, named after Nestlé’s popular chocolate and wafer confectionery. Google entered into a partnership with world’s biggest food and beverage company, Nestle, to have the name.

UBA Appoints New Executives, Announces Project Alpha

United Bank for Africa Plc (UBA), has appointed new executives and announced the launch of Project Alpha – which the bank says is the new focus of its strategic transformation. According to the Bank, “Project Alpha is a 3 year

Microsoft to Acquire Nokia’s Mobile Unit for €5.4Bn

Microsoft Corp. has announced that it will acquire Nokia’s Devices & Services business, license Nokia’s patents and mapping services for a total of €5.4 billion. Microsoft said it will pay €3.79 billion to purchase substantially all of Nokia’s Devices &

Turkish Investors eye Nigeria, Plan Exhibition

Turkish Export Products Exhibition 2013 is set to hold at the Convention Centre, Eko Hotel & Suites Victoria Island from September 3rd to 5th. The exhibition is organised by Merydien International Fair Ltd and Turkish Investors. It will, according to

USAID Plans $100M Investment Towards Educational Development in Nigeria

The United States Agency for International Development, USAID, has announced an investment plan of $100m towards educational improvement in Nigeria. Mrs. Jill Jupiter-Jones, Team Leader, Education, USAID, disclosed this recently in Lagos. She explained that the goal for the investment

Lagos Govt. to Buy Back Lekki-Epe Expressway Concession Rights from LCC

The Lagos State Government has said it will buy back the Lekki-Epe Concession Rights from Lekki Concession Company (LCC). It released a detailed statement about the proposal, expected to cost ₦87.5 billion. The Design, Build, Operate and Transfer (DBOT) Concession

FG Approves N291M for Comprehensive Underwater Inspection of Third Mainland Bridge

The Federal Government of Nigeria has approved N290.745 million for a comprehensive underwater inspection of the Lagos Third Mainland Bridge, according to a statement by Labaran Maku, Minister of Information. Maku explained that the bridge, which is a “vital artery

Nigeria Will Complete 11 Power Plants by 2014 – Minister

The Federal Government is currently constructing 11 power plants which will be completed before the second quarter of 2014, Information Minister, Laraban Maku has said. He said that “seven out of the power plants have so far been completed, while

Canada to Support Religious Freedom in Nigeria

The Canadian Government has announced a donation of $1.2 million for projects to promote tolerance for religions around the world, including Nigeria and Central Asia. The fund, given under its office of religious freedoms, aims to protect and advocate on

Osun State Government Commissions Garment Factory

The Osun State Government has launched a modern garment factory. The factory, ‘Omoluabi Garment’ which cost ₦1.2 billion, would be producing 50,000 uniforms per day at full capacity. Ogbeni Rauf Aregbesola, Osun State Governor, explained at the commissioning that the

Nigeria Gets N139 Bn from World Bank to Boost Agriculture – Minister

Nigeria has received ₦139.5 billion from the World Bank in the last two years to boost agricultural development, Agriculture Minister, Akinwumi Adesina, said at the concluded All Nigerian Editors’ Conference in Asaba. He said, “Nearly N62 billion of the amount

Taraba Governor Returns to Nigeria

Taraba State Governor Danbaba Suntai has returned to Nigeria after his plane crash in October 2012 which led to several months of hospitalization in Abuja, Nigeria, Germany and the United States. He returned to the state capital, Jalingo, amidst pomp

Security Council Praises Nigeria for Bakassi Peninsula Transition

Members of the United Nations Security Council have welcomed the peaceful conclusion of a special transitional regime established by an agreement between Cameroon and Nigeria concerning the Bakassi Peninsula. In a statement, the 15-member body praised the Governments of Cameroon

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