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Economic Recovery and Growth Plan

The African Development Bank, AfDB, says it has approved a 70 million dollar loan for a road project in Ebonyi. The bank said on its website on Friday that it would provide $40 million, while its co-financier, the Africa Growing Together Fund (AGTF), would contribute $30 million for the project.

AfDB approves $210 million for Nigeria transmission expansion project

The Board of Directors of the African Development Bank (AfDB) Group has approved 210 million dollars financing package for the Nigeria Transmission Expansion Project (NTEP1).
Obiageli Ezekwesili

Bisi Fayemi, Oby Ezekwesili join 2,000 women for 2019 National Dialogue

First Lady of Ekiti State, Bisi Fayemi, former the Vice-President of the World Bank’s Africa division and former minister under-Olusegun Obasanjo’s administration, Obiageli Ezekwesili, Minister for Women Affairs, Hon Paulen Tallen, are among the 2,000 women expected at the National Women’s Dialogue 2019, with the theme: ‘The Nigeria We Want: Nigerian Women-A National Conversation’.
From left- Consul General of Nigeria in Atlanta, Mrs Aishatu Musa; Deputy Head of Mission, Nigerian Embassy, Washington DC, Amb. Hassan Hassan, and the President of UBTS International, Dr Frank Harper, at the event.

Federal government assures US investors of addressing their concerns

The Federal Government has assured existing and potential American investors of its commitment to addressing issues of corruption, political instability and insecurity in the country.
Clement Agba, the Minister of State, Federal Ministry of Finance, Budget And National Planning has reiterated the Federal Government’s determination to go into partnerships to create jobs as well as boost the economy.

Job creation: Minister restates federal government’s determination to go into partnerships

Clement Agba, the Minister of State, Federal Ministry of Finance, Budget And National Planning has reiterated the Federal Government’s determination to go into partnerships to create jobs as well as boost the economy.

NNPC: 14 companies bid for OML 119 redevelopment financing

The Nigerian National Petroleum Corporation (NNPC) says it has publicly opened bids from 14 companies for the financing and redevelopment of Oil Mining Lease (OML) 119.
Yutaka Kikuta

Japanese ambassador commends federal government over improved World Bank ranking

The Japanese Ambassador to Nigeria, Mr Kikuta Yutaka, has commended the Federal Government for Nigeria’s improvement in the recently released World Bank’s 2020 Doing Business Index (DBI).
The border closure has affected goods from other West African countries. Wikimedia Commons

Nigeria’s border closure has implications for Africa’s economic integration

Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders to the movement of all goods from Benin, Niger and Cameroon, effectively banning trade flows with its neighbours.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

Federal government will welcome Russia’s agribusiness in Nigeria – minister

The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.
President Muhammadu Buhari Wednesday in Abuja administered oaths of office on members of the newly constituted Presidential Economic Advisory Council (PEAC), and also set an agenda of what they should accomplish in the shortest possible time. 4

Federal government fails to meet economic recovery targets – report

Macro-economic targets set out by the Federal Government in the Economic Recovery and Growth Plan have been underachieved, a report released by the Centre for Democracy and Development has said.
President Buhari at the event

World Bank ease of doing business latest ranking excites President Buhari

President Muhammadu Buhari has expressed delight with the World Bank’s 2020 Doing Business Index (DBI) which ranked Nigeria 131 out of 190 countries, up 15 places from 146th position last year.

2023 Presidency: Ex-PSC commissioner canvasses for Ndigbo

Simon Okeke, former Police Service Commissioner, has pleaded with Arewa, Afenifere and other socio-cultural groups in the country to allow South East produce President Mohammadu Buhari’s successor in 2023.

Presidency: We’re still using vehicles bought in 1999

Jalal Arabi, permanent secretary, state house, says some of the vehicles used for daily operations in the presidential villa, Abuja were purchased in 1999.

State House vehicles bought under ex-President Obasanjo still in use – official

The Permanent Secretary of State House, Mr Jalal Arabi, has disclosed that some of the vehicles used for daily operations in the State House were purchased as far back as 1999 under the administration of former President Olusegun Obasanjo.
The Vice President, Prof. Yemi Osinbajo, on Saturday reiterated the commitment of the Federal Government towards free and compulsory education of the first nine years of a child school life across the country.

VP Osinbajo charges NDIC to invest in ICT, research

Vice President, Prof Yemi Osinbajo, on Monday charged the management of the Nigeria Deposit Insurance Corporation (NDIC) to invest massively in Information and Communication Technology and research for smarter regulatory duties as demanded in the 21st century.
Timothy Olawale - Nigeria Employers’ Consultative Association (NECA)

NECA express reservations concerning 2020 Budget

Nigeria Employers Consultative Association, NECA, yesterday critically appraised the 2020 national budget presented before the Joint session of the National Assembly, on October 8, and expressed reservations over its intentions.
Chiniki Guard, a Nigerian Information Communication Technology startup application, has won the best prize of $10,000 in the Artificial Intelligence category competition at the ongoing Gulf Information Technology Exhibition. GITEX is a global annual and biggest technology gathering in the Middle East, North Africa and South Asia, with theme: “Synergising the Mind and Technology Economy.”

GITEX 2019: Federal government woos investors to Nigeria, Africa

The Federal Government of Nigeria at the ongoing 39th Gulf Information Technology Exhibition (GITEX) has invited investors to leverage on the potential of Nigeria to do businesses for the boosting of its digital economy.
The Deputy President of the Senate, Sen. Ovie Omo-Agege, on Thursday announced the appointment of Mr Yomi Odunuga as his Special Adviser on Media and Publicity.

Deputy senate president urges Deltans to follow up on resuscitation of sea ports

Deputy President of the Senate, Senator Ovie Omo-Agege, has tasked Urhobos, the fifth largest ethnic group in Nigeria and other Deltans to sustain the follow up for resuscitation of the six sea ports in the state.
The Presidential Election Petition Tribunal has upheld argument by President Muhammadu Buhari that it lacked the jurisdiction to entertain allegation of corrupt practices and voters’ inducement raised against Vice President Yemi Osinbajo in the petition by Atiku Abubakar and the PDP.

VP Osinbajo: Vibrant commodities exchange needed for economic diversification

The Vice President, Prof. Yemi Osinbajo, yesterday, said that a vibrant commodities trading ecosystem will help diversify the economy away from dependence on crude oil and enhance foreign exchange earnings, forex.

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India’s Delhi Police have arrested a Nigerian over serial cases of cheating which involved luring and stinging victims on Facebook.

Indian police shoot dead suspects in rape-murder

Indian police on Friday shot dead four detained gang-rape and murder suspects as they were re-enacting their alleged crime, prompting outrage but also wild celebrations.
Lionel Messi “won’t retire anytime soon”, says Barcelona legend Rivaldo, but he may be tempted to seek a new challenge away from Camp Nou in “the next couple of years”.

Rivaldo: Lionel Messi could leave Barcelona in the next couple of years

Lionel Messi “won’t retire anytime soon”, says Barcelona legend Rivaldo, but he may be tempted to seek a new challenge away from Camp Nou in “the next couple of years”.
All Progressives Congress (APC) Nigeria

APC vows to challenge appeal court ruling upholding Adamawa governor’s election

The All Progressives Congress (APC) in Adamawa State has vowed to approach the Supreme Court to challenge the victory of Governor Ahmadu Fintiri at the Supreme Court.
Nigeria Police

Robbers device new method of attacking bank customers

The Ebonyi Police Command on Thursday said it had uncovered a new strategy used by criminals to rob bank customers.

Real Madrid leading talks for radical new European Super League

Real Madrid president Florentino Pérez is leading the charge for Europe’s biggest clubs to break away from their domestic competitions and form a radical new Super League.