Nigeria Today: Top 10 News Stories You Shouldn’t Miss

1. It has been announced that fourteen more Nigerians have emerged millionaires in the ongoing Airtel Red Hot promo, a loyalty and reward promotions created by one of the leading telecommunications service providers, Airtel Nigeria, to appreciate its customers and empower them financially to fulfill their dreams and reach their goals. 2. The National Commission for Museums and Monuments (NCMM) recently requested the permission of the Kano State Emirate to establish an Islamic art museum at the defunct British Council’s premises in Kano. 3. The United Bank for Africa Plc (UBA) plans to expand to Angola and South Africa as Nigeria, its largest market, is pummelled by falling crude oil prices. 4. The Nigeria Insurers Association (NIA) says it has concluded plans to launch the Nigerian Insurance Industry database monitoring device in Lagos. The association also says it will engage the services of law enforcement agents and other stakeholders. 5. The Dutch textile and design company, Vlisco Group, has signed a Memorandum of Understanding, MoU with the Federal Government of Nigeria to create a platform for significant expansion in Nigeria’s economy. 6. The Backward Integration Programme (BIP ) policy in the rice sector put in place by the Federal Ministry of Agriculture to boost local rice production with the approval of an inbuilt tariff/levy differential deliberately skewed in favour of investors has been commended by stakeholders. 7.  The Federal Government recently unveiled the raw materials-based cluster initiative as part of its quest to diversify the nation’s revenue base, currently dominated by crude oil. 8. The Sterling Bank- sponsored Social Media Awards Africa will be holding in Lagos tomorrow. The event which is a premier continental initiative seeks to recognize and reward creativity, excellence and impact the usage of social media across Africa. It will bring together social media influencers, experts, enthusiasts and policy makers to explore and forge new developmental paths for social media in Africa. 9. The two refineries being established by the Independent Petroleum Marketers Association of Nigeria (IPMAN) are expected to be ready in 18 months to boost fuel supply and reduce refined crude price when completed. 10. The quest to diversify the Nigerian economy through the non-oil sector has received an incentive boost, as export values of three agricultural commodities cocoa, sesame and cashew nuts to Europe, America and the African markets in the first quarter of 2014 reached $47.59 million.  

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This article was first published on 23rd January 2015

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