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

1. The Ministry of Science and Technology, last week embarked on a capacity development conference for Nigerian youth on use of social media as citizens during the forthcoming 2015 general elections. 2. The African Development Bank (AfDB) has reaffirmed that Nigeria is West Africa’s largest market with great potential to be a main driver of regional integration considering its population. 3. Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group has raised about $ 1billion in the last six months for itself and its businesses in Nigeria. 4. Strong indications have emerged that some foreign investors and venture capitalists  may buy into May & Baker Nigeria Plc. 5. The federal government is attempting to prove that their desire to anchor the economy on Information and Communications Technology, ICT is authentic by giving rise to the introduction of numerous initiatives which tend to deepen digital awareness across all sectors of economy including governance. 6. The Federal Government last week, unveiled the Ka-Band utilization for rural dwellers in Kubwa, a suburb of Abuja. The project, though managed by One Network, a specialized agent network management organization, is a partnership between the Nigerian Postal Services, NIPOST and the Nigerian Communications Satellite, NigComSat on the deployment of KA-Band satellite services for rural connectivity via the post. 7. Barely three months after Microsoft Devices introduced Lumia 535 as its first flagship signaling the end of Nokia in the mobile phone ecosystem, the smart device has continued to gain market attention as a result of many exciting features especially dual SIM and large screen advantage. 8. The National Pension Commission (PenCom) has swelled the nation’s pension coffers to N5.6 trillion, with an additional N4.9 billion recovered from debtor employers who failed to remit monies deducted from their employees’ salaries, BusinessDay reveals. 9. As part of strategies to encourage micro and small business owners, including those owned by women and people with disabilities, the Federal Government has said it would reduce security requirement for the N220 billion Micro Small and Medium Enterprises (MSMEs) fund from 75 per cent to 50 per cent. Government would also drop interest paid to banks from 3 per cent to 2 per cent. 10. As the Federal Government battles to contain leakages in its system, Coordinating Minister of the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, yesterday assured that apart from the initial N208.7 billion saved with the introduction of Government Integrated Financial Management Information System (GIFMIS), government plans to save additional N36 billion through blocking of some financial loopholes in the system.  

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This article was first published on 18th February 2015

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