Archives Tag: news

News Uncategorized

April 19, 2022

  1. The World Bank has revealed that irrespective of falling short of projected global growth, and stable or declining commodity prices, African economies, including Nigeria’s, have continued to expand at a moderately rapid pace, with regional gross domestic product (GDP) projected to strengthen to 5.2 per cent yearly between 2015 and 2016 from 4.6 per cent … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

  1. The World Bank’s Doing Business in Nigeria 2014 Report has revealed that Nigeria has recorded significant improvements in its Doing Business Index within the last four years. This year’s report is the third in a series of reports analysing business regulations across Nigeria. 2. The Executive Secretary of the Nigerian Content Development and Monitoring … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

1.The federal government is currently constructing about 118 power projects as pragmatic steps towards tackling the low electricity generation in the country. The 118 power projects spread across the country, are at different stages of completion. Chairman of Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi disclosed this at a monthly breakfast meeting organised by Nigerian-British … Continue reading Nigeria Today: Top Ten News Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

1. The trade volume between Nigeria and China has risen to $11.76 billion by the end of the third quarter of 2014, reflecting a 39.4 percent increase. Meanwhile, the bilateral relations between both countries continues to rise in various sectors especially trade, energy, agriculture, infrastructure, telecommunication, electric power, railway, aerospace, financing, science, technology and culture. 2. … Continue reading Nigeria Today: 10 Top News Stories You Shouldn’t Miss

By elizabeth

Uncategorized

April 19, 2022

1.The World Bank’s Board of Executive Directors has approved a $500 million International Bank for Reconstruction and Development (IBRD) credit to increase access to finance for Micro, Small and Medium scale Enterprises (MSMEs).  In a statement from the bank’s country office in Abuja Nigeria, the Country Director, Marie Francoise Marie-Nelly, explained that the fund is meant … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

  1.The French Agency for Development (AFD), a public development finance institution, has said it recently approved €400 million as grant to finance transport and energy projects in Nigeria. This was stated by the Country Director, AFD, Mr. Hubert Dognin at the European Union (EU)- Nigeria business forum held in Lagos. 2.It has been reported … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News Uncategorized

April 19, 2022

1.Nigeria has been estimated to have realised about $40 billion from crude oil exports in the first half of this year, according to the Organisation of Petroleum Exporting Countries (OPEC). The 12-nation member organisation, in its revenue fact sheet, however stated that the oil giant of Africa had net earnings of about $84 billion in 2013. … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News Uncategorized

April 19, 2022

  1. A worldwide poll by CNN has rated the Nigerian accent as the sixth sexiest in the world. In a Facebook poll involving 13 other accents from various parts of the world published on its website on Thursday, the Nigerian accent was rated so ahead of the Brazilian Portugese, Argentinian, Thai and other accents. 2. The … Continue reading Nigeria Today: Top 10 News Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

  1.The National Sugar Development Council, NSDC, said the sugar sector could contribute 411 megawatts of electricity to the national grid, in line with the Federal Government’s quest to boost energy supply in the country. 2.Nigeria, Africa’s largest economy by GDP, is becoming the object of attraction for local and international online businesses due to the massive … Continue reading Nigeria Today: Top 10 New Stories You Shouldn’t Miss

By elizabeth

News

April 19, 2022

    1. The Vanguard reports that the National Bureau of Statistics (NBS) said the capital imported in the second quarter of 2014 was recorded at a value of 5.8 billion dollars (N9.5 trillion). The Statistician-General of the Federation, Dr. Yemi Kale said the figure increased by 1.9 billion dollars (N3.1 trillion), representing 48.64 per cent from … Continue reading Nigeria Today: 10 News Reports You Shouldn’t Miss‏

By elizabeth

News Uncategorized

April 19, 2022

1. It has been reported that 66,402 applications have been filed for pre-qualification since August 2 when the federal government jump-started the new mortgage refinancing system for an initial 10,000 mass housing delivery programme. 2. The $3.8 billion Egina floating production storage and offloading (FPSO) situated at Lagos Deep Offshore Logistics (LADOL) base, Apapa has … Continue reading Nigeria Today: 10 News Reports You Shouldn’t Miss‏

By elizabeth

News Uncategorized

April 19, 2022

1. At a recently concluded international conference on the gainful employment potentials in the oil and gas sector, in Port Harcourt, Rivers State, the petroleum industry has been identified as a catalyst for employment generation and economic development, especially in the areas of the gas, petroleum refining, petrochemical and fertilizer reports the Vanguard. 2.The National … Continue reading Nigeria Today: 10 News Reports You Shouldn’t Miss‏

By elizabeth

News

April 19, 2022

  1.Dangote Cement is Launching a New Product called ‘Dangote Cement 1X’  in response to popular demand by customers, as well as in full com­pliance with the SON directive encouraging production of all grades of cement but with clear labeling on the use. Group Managing Director, Dangote Cement, Devakumar Edwin noted that the entrance of the 32.5 cement … Continue reading Nigeria Today: 10 News Reports You Shouldn’t Miss

By elizabeth

News Transport

April 19, 2022

  Lekki Concession Company has announced that construction works will resume between VGC and Abraham Adesanya section of the Eti-Osa Lekki-Epe Expressway today,  August 19. In a statement signed by the company and made available to CONNECT NIGERIA, ‎”motorists are advised to drive with care and attention at all times, and to strictly adhere to … Continue reading Construction Work to Resume on Lekki- Epe Expressway

By michael-abimboye

BUSINESS ECONOMY News

April 19, 2022

Skye Bank’s Board of Directors has confirmed a successor to the present Group Managing Director/Chief Executive Officer, Mr. Durosinmi-Etti who is to retire from the bank on the 31st of July, 2014 to mark the end of his tenure. His successor is Mr. Timothy Oguntayo who is currently the Bank’s Executive Director that is responsible for … Continue reading Skye Bank Appoints Timothy Oguntayo CEO-designate

By mary-odunuga