Archives Tag: Nigeria
Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
April 19, 2022
“Importing foreign currencies without our authorization is now illegal,” says The Central Bank of Nigeria (CBN), in a move following the withdrawal of operating licenses of 20 Bureaux de Change (BSCs). In a statement by the CBN, signed by its Director of Corporate Communications, Mr Ugo Okoroafor, it states that, “BDCs purchased and sold huge … Continue reading Importing Foreign Currencies Without Our Authorization Now Illegal – CBN
By sheyi
Agriculture BUSINESS ECONOMY Energy News
We Will Transform Ten Million Lives in Ten Years – Elumelu
April 19, 2022
Nigeria’s business mogul, investor, and philanthropist, Tony Elumelu, recently spoke at the Clinton Global Initiative on the objectives of the Tony Elumelu Foundation and its peculiar interest in engineering growth among SMEs in the African continent. According to Elumelu, economic development in Africa can be achieved by channeling resources into Small and Medium-sized Enterprises (SMEs). … Continue reading We Will Transform Ten Million Lives in Ten Years – Elumelu
By kunle-binuyo
Nigeria to Host 2014 ATTF Championship
April 19, 2022
Nigeria has won the hosting rights for the 2014 African top 16 Table Tennis Championship, by the International Table Tennis Federation (ITTF). According to the President of the African Table Tennis Federation (ATTF), Khaled El-Salhy, it was approved based on the recommendation of the Executive Committee of ATTF. “ITTF has approved Nigeria’s bid and recommendation … Continue reading Nigeria to Host 2014 ATTF Championship
By sheyi
ECONOMY Housing News Real Estate Tourism 6 more...
Intercontinental Hotel unveiled in Lagos
April 19, 2022
Intercontinental Hotel was unveiled in Lagos, at the weekend by Governor Fashola. The N30 billion hotel, is a 23-storey building containing 358 rooms and 37 suites and a Presidential suite. It is the tallest hotel in West Africa, and is located on Kofo Abayomi Street, Victoria Island, Lagos. The hotel is a subsidiary of the … Continue reading Intercontinental Hotel unveiled in Lagos
By sheyi
Discover Nigeria ECONOMY History Stuff Tourism 6 more...
Nigerians Share: What We Love About Nigeria
April 19, 2022
Fifty-three years ago, on October 1, Nigeria became an independent nation. Many Nigerians are outspoken about the fact that the country’s growth has been stunted by various problems, and the journey to nationhood fraught with myriad setbacks. Even so, in the midst of our distressing challenges, many Nigerians still answered “yes” to the question, “Is it … Continue reading Nigerians Share: What We Love About Nigeria
By jehonwa
World Bank Funds Mortgages in Nigeria with $300 Million
April 19, 2022
The World Bank Board of Directors have approved $300 million credit to help provide affordable mortgages for middle-income and lower income families in Nigeria. “The Nigerian financial system has quickly grown and is becoming increasingly integrated into the regional and global financial systems,” said Marie Francoise Marie-Nelly, the World Bank Country Director for Nigeria. “Today’s … Continue reading World Bank Funds Mortgages in Nigeria with $300 Million
By sheyi
Nigeria and China Sign $1.2 Bn Agreement to Build Power Plant
April 19, 2022
Nigeria and China have signed a $1.293 billion agreement to develop the Zungeru Hydroelectric Power Project in Niger State. The plant is expected to generate 700 Megawatts (MW) of electricity. The contract was awarded to two Chinese electric power firms, China National Electrical Equipment Corporation (CNEEC) and Sinohydro Consortium, and they got a loan facility … Continue reading Nigeria and China Sign $1.2 Bn Agreement to Build Power Plant
By sheyi
BUSINESS ECONOMY News Stock Market
SEC wins Most Innovative Capital Markets Regulator Award
April 19, 2022
Nigeria’s Securities and Exchange Commission (SEC) has won the 2013 Africa Index Series Award for the “Most innovative Capital Markets Regulator” the second year in a row. Winning the award back – to – back, is due to several multifaceted reforms over a three-year period, according to the SEC. Factors considered by the judges to … Continue reading SEC wins Most Innovative Capital Markets Regulator Award
By sheyi
Agriculture BUSINESS E-Commerce ECONOMY Health 8 more...
Juwah, Aregbesola, Implore Govt to Use ICT for Public Service Delivery
April 19, 2022
Dr. Eugene Juwah, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has called on all governments within the federation to adopt Information and Communication Technology (ICT) tools in carrying out public service. The NCC boss, who was speaking at the Nigerian Telecom Development Lecture (NITDEL) organised by the Nigerian Telecoms News Magazine recently, noted … Continue reading Juwah, Aregbesola, Implore Govt to Use ICT for Public Service Delivery
By kunle-binuyo
Towards Energy Conservation Month, Governor Fashola Hosts Google Hangout
April 19, 2022
Lagos State Governor, Babatunde Raji Fashola, will, on Friday 27th September, 2013, host Google Hangout from Mega Plaza, Victoria Island, Lagos to discuss topics on Energy and Power in the state. The Hangout is preparatory towards the state’s Energy Conservation Month, which holds throughout October. The forum, promoting the “Conserve Energy, Save Money (CESM),”campaign developed … Continue reading Towards Energy Conservation Month, Governor Fashola Hosts Google Hangout
By sheyi
BUSINESS Culture ECONOMY EDUCATION Events 6 more...
How to Make Money from Parties in Nigeria: A Lecture by Gov. Fashola
April 19, 2022
Opening a business for mobile restrooms, or a venue-clean up service for parties in Lagos can make you rich. So says the Lagos State Governor, Babatunde Fashola, noting that an estimated N36 billion is spent every year on merrymaking and weekend partying in Lagos. During the fourth edition of the Lagos Ignite Enterprise and Employability … Continue reading How to Make Money from Parties in Nigeria: A Lecture by Gov. Fashola
By sheyi
BUSINESS Media News TECH Telecommunication
IPTV Comes to Nigeria
April 19, 2022
Operators of telecommunication firms in Nigeria are planning investments to bring Internet Protocol Television (IPTV) service to Nigeria, a report by Research&Research has disclosed. The IPTV industry, with current global revenues of $29 billion, which is projected to increase to double to about $56.8 billion by 2016 has begun attracting the interest of telecom operators … Continue reading IPTV Comes to Nigeria
By kunle-binuyo
Afrobasket 2013: Coach Ayo Bakare Responds to 10 Frequently Asked Questions (FAQs)
April 19, 2022
The Nigerian national basketball team, D’Tigers recently played at the 2013 FIBA Africa Championship (Afrobasket), hosted in Abidjan, Cote d’Ivoire from 20th to 31st August, 2013. Basketball pundits across the nation were surprised that the team was ousted Senegal in the quarter finals despite going 3 – 0 in its first three matches. Though the … Continue reading Afrobasket 2013: Coach Ayo Bakare Responds to 10 Frequently Asked Questions (FAQs)
By kunle-binuyo
Agriculture BUSINESS ECONOMY Food News
Dangote Group to Invest $36 million in Food Processing Plant
April 19, 2022
Dangote Group, through its subsidiary, Dansa Foods, has said it will invest $36 million in the construction of the continent’s largest high-energy food processing plant in Nigeria. The announcement, made on the sidelines of the United Nations General Assembly, in New York, by Nigeria’s Minister for Agriculture, Akinwunmi Adesina, will be a boost to Agriculture … Continue reading Dangote Group to Invest $36 million in Food Processing Plant
By sheyi
BUSINESS ECONOMY News TECH Telecommunication
Ghana’s RLG to Build Computer Assembly Plant in Osun State
April 19, 2022
Ghana’s Computer Maker, RLG, has said it will build a $10 million computer and mobile phone assembling and repairs plant under a partnership between it and the Osun government. The company says when completed, the plant will be one of the biggest in the region, assembling 5,000 phones and 2,000 computers daily. The company says … Continue reading Ghana’s RLG to Build Computer Assembly Plant in Osun State
By sheyi
