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The Federal Government will next week commence installation of five million solar home systems in under-served and off-grid communities across the country, according to sources in the presidency.
President Muhammadu Buhari will on Dec. 1 roll out the autogas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers in Nigeria.
The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.
On the same day, Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, while speaking at the 55th Annual Bankers Dinner organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, predicted a two per cent growth in the country’s Gross Domestic Product (GDP) in 2021.
Nigeria-based fintech solution, NowNow, has said that it will continue to upgrade its services to attune to current realities, such that will drive economic and social growth.
Indian pharmaceutical company Hetero will manufacture over 100 million doses of the Russian Sputnik V COVID-19 vaccine per year under the terms of a deal unveiled on Friday between it and Russia’s RDIF sovereign wealth fund.
A two-day conference aimed at repositioning Nigeria for increased global and regional trade engagements under the African Continental Free Trade Agreement (AfCFTA) opens on Friday.
Marcos Caldeira, a 34-year-old Brazilian businessman, has invested more than 10 million yuan (about 1.52 million United States dollars) in his import venture this year, shipping high-end Brazilian natural stones to China.
Civil Society Organisations, CSOs, Monday, expressed dismay over alleged poor management of economy following the recession that struck the economy at the weekend as reported by the National Bureau of Statistics, NBS.
Foxconn is reportedly planning to assemble Google server components at its beleaguered Wisconsin factory. According to Bloomberg, Foxconn landed a deal with Google and is establishing assembly lines for making circuit boards, aiming to start mass production in the first quarter of next year. Foxconn confirmed to Bloomberg that it was developing computing and infrastructure “capabilities” but did not name customers.
Nigeria has formally entered its second economic recession in five years as the severe impact of the COVID-19 pandemic on global crude oil prices and restrictions imposed to curb the virus caused the nation’s economy to contract for the second consecutive quarter by 3.62 percent in the third quarter of 2020.
Uche Uwaleke, Professor of Finance and Capital Market, has called for early passage of the 2021 Appropriation Bill and aggressive implementation of the Economic Sustainability Plan (ESP), as the country enters recession.
African governments must put sustainable security measures if the continent must attract investment, protect the existing investments, and create sustainable decent jobs, foremost labour leader, Issa Aremu, has said.
The Buhari Media Organisation (BMO) has expressed surprise that the Peoples Democratic Party (PDP) could accuse Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele of incompetence and partisanship.
The manufacturing purchasing managers’ index (PMI) recorded growth in November 2020 after six months of contraction between May and October 2020.
CNN International Commercial (CNNIC) has launched a new global branded content campaignto demonstrate the impact of Dangote Industries’ investment across Africa through its transformational projects.
US biotech firm Moderna on Monday announced its experimental vaccine against Covid-19 was almost 95 percent effective, marking a second major breakthrough in the quest to end the pandemic.
Governor Rotimi Akeredolu of Ondo state and the All Progressive Congress have lambasted the governorship candidate of the Peoples Democratic Party in the last election, Eyitayo Jegede, over his allegation that his life is being threatened for challenging the outcome of the poll at the election tribunal.
Troops of Operation Fire Ball have eliminated five Boko Haram (BHT)/ISWAP terrorists and recovered a cache of arms and ammunition as well as bags of assorted grains in recent attacks on their hideouts in Borno.
President Muhammadu Buhari has expressed grief over the killing of farmers on rice fields at Zabarmari in Jere Local Government of Borno, describing the terrorist killings as insane.
The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate.
Azubuike Iheanacho, the medical doctor that was kidnapped in Dekina Local Government Area of Kogi State, has revealed that he had to pay a ransom before the abductors freed him.
Aruna Quadri returned to winning ways with TTC RhönSprudel Fulda-Maberzell (TTC) in the Table Tennis Bundesliga as the Nigerian was instrumental to his team’s 3-1 win over TTC OE Bad Homburg at the weekend.
Barcelona have reached an agreement in principle with their playing staff to implement wage cuts which will save the club €122m, they confirmed on Friday night.
The nominee for the position of Chairman, Independent National Electoral Commission, INEC, Professor Mahmood Yakubu, has told the Senate that politicians’ failure to deliver on campaign promises is responsible for voter apathy.
Budweiser Lager Beer, the official sponsor of the English Premier League and the Spanish La Liga, has launched a promo, “Budweiser Smooth Kick-off Promo” to celebrate the new football season.
Gunmen have invaded the Ahmadu Bello University, ABU, and abducted a staff of the university, his wife and daughter.
Fans of Premier League clubs in London and Liverpool can attend games when a monthlong national lockdown to contain the spread of COVID-19 is lifted on December 2, after the two cities were among those classified on Thursday as falling into high-alert regions.