Global credit rating agency, Fitch Ratings, has affirmed the African Development Bank’s (AfDB) credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the bank’s shareholders. Fitch views the bank’s…
Prof. Mojisola Adeyeye, the Director General of the National Agency for Food and Drug Administration and Control (NAFDAC), has said that Micro, Small and Medium Enterprises (MSMEs) are too critical a sector to be ignored. A statement signed by the…
The number of Nigerians active in the labour force plunged by 20 million between 2018 and 2020, the World Bank has said. The bank said this in a report titled ‘Of roads less travelled: Assessing the potential for migration to…
…Promises stronger action against maritime criminals The Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has condemned in very strong terms the kidnap on Monday of eight Nigerians, five of them members of the Maritime Workers…
The price of Liquefied Petroleum Gas, also known as cooking gas, has skyrocketed to a record high of N500 per kilogramme, forcing some Nigerians to turn to alternatives such as charcoal, kerosene and firewood amid high unemployment and poverty levels…
Nigeria lost an estimated N53.26bn in the first two months of this year as international oil companies and local players flared a total of 33.04 billion standard cubic feet of natural gas. The oil companies wasted 17.53 billion scf of…
The Federal Government has urged entrepreneurs to adopt best management practices and embrace innovation that will help meet market requirements. Permanent Secretary, Federal Ministry of Trade and Investment, Alhaji Nasir Sani-Gwarzo gave the advice during a meeting with officials of …
The National Assembly has commended the reform initiatives of the Corporate Affairs Commission (CAC) geared towards improving ease of doing business initiative of the Federal Government. This is contained in a statement signed by Mr Rasheed Mahe, Head Media Unit…
Considering the success of the N200 million fund disbursement to artisanal miners, the Ministry of Mines and Steel Development may expand the programme to benefit more small scale miners. The Minister of Mines and Steel Development, Mr Olamilekan Adegbite said…
The Bureau of Public Entreprises, BPE, has confirmed the acquisition of Yola Electricity Distribution Company, YEDC, by Quest Electricity Nigeria. The company would be investing about N28 billion to transform the company over a period of two years. Quest Electricity…
