On Tuesday, the Federal Government entered into a Memorandum of Understanding (MoU) with Mutual Commitment Company Limited, a Chinese firm, to initiate the assembly of electric tricycles and set up a renewable energy training center. The signing ceremony, organized by…
Nigeria’s manufac turing sector’s contribution to the Gross Domestic Product (GDP) has witnessed a significant contraction over the past two quarters, reflecting a decline of 20.95 percent from the end of 2023 to the second quarter of 2024. According to…
The U.S. Securities and Exchange Commission (SEC) has imposed a $250 million penalty on Dozy Mmobuosi, the former CEO of Tingo Group, a Nigerian company, for inflating the company’s financial performance figures. The SEC’s investigation, which commenced in 2023, uncovered…
By Esther Agbo Nigeria is urgently seeking the World Bank’s approval for a third restructuring of its $180.2 million Accelerating Nutrition Results in Nigeria (ANRiN) project, as the country faces an intensifying food and nutrition crisis in its northern regions. …
By Seun Ibiyemi The Federal Government says it plans to invest $800 million in the construction of substations and distribution networks as part of the Presidential Power Initiative (PPI). This is contained in a statement issued by the Special Adviser,…
By Esther Agbo The Centre for the Promotion of Private Enterprise (CPPE) has urged the Federal Competition and Consumer Protection Commission’s (FCCPC) to focus on encouraging competition amongst organisations. The CPPE argued that Federal Competition and Consumer Protection Commission’s (FCCPC)…
The Centre for the Promotion of Private Enterprises (CPPE) has urged the Federal Competition and Consumer Protection Commission (FCCPC) not to adopt a price control mindset in a bid to tackle inflationary pressures. CPPE Founder, Dr Muda Yusuf, gave the…
Nigeria is set to deepen its bilateral relations with Indonesia as the Second Indonesia-Africa Forum kicks off in Bali from 1-3 September 2024. The Minister of Information and National Orientation, Mohammed Idris, is leading Nigeria’s delegation to the forum, representing…
Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) to advance palm oil production and market expansion, with the goal of moving beyond traditional methods and enhancing the income of smallholder farmers. The MoU was formalized in Abuja by…
By Seun Ibiyemi Fidelity Bank Plc, a leading financial institution in Nigeria and Mastercard have collaborated to launch Fidelity Send, a new initiative to enhance cross-border payments and remittances in Nigeria. The collaboration leverages Mastercard’s extensive global network to facilitate…
