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Manufacturing

Yemi Osinbajo

Presidency: Installation of N140 billion solar power solution starts next week

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 is currently presiding over the quarterly meeting of the National Security Council (NSC) at the State House, Abuja.

NGEP: President Buhari to roll out autogas scheme December 1

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.

Central bank chief projects exit from recession Q1 2021

The Governor of Central Bank, Mr Godwin Emefiele, on Friday expressed optimism that Nigeria could emerge from recession by the first quarter of 2021.

Nigerian government seeks new Eurobond

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.

Firm restates commitment to enhance financial inclusion

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.
This image shows vials of Russia's COVID-19 vaccine, named Sputnik V. (Russian Health Ministry - Handout-Anadolu Agency via Getty Images)

Pharma firm in India to make Russia’s Sputnik V coronavirus vaccine

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.

AfCFTA: Firm hosts conference on Nigeria’s non-oil sector in New York

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.
Xiamen hosted the BRICS summit in September 2017, featuring cooperation between the world’s major emerging economies- Brazil, Russia, India, China and South Africa.

China focus: BRICS ties spur business opportunities

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.

Recession: CSOs express dismay over alleged poor management of economy

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.

Foxconn ‘wins’ Google server manufacturing contract

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.

MAN, LCCI others blame recession on coronavirus, #EndSARS crisis

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.

Recession: Financial expert seeks aggressive implementation of ESP

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.

Issa Aremu: Insecurity’s threat to Africa’s industrialization

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.

BMO: Godwin Emefiele is a better CBN governor now than in PDP years

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 Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Manufacturing sector records growth for the first time since May

The manufacturing purchasing managers’ index (PMI) recorded growth in November 2020 after six months of contraction between May and October 2020.
Africa’s richest businessman, Aliko Dangote, has donated a mobile testing centre with the capacity to test 400 people for COVID-19 daily, to the Kano State Government.

CNNIC launches new content to showcase Dangote projects

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.

Moderna: Trials show new coronavirus vaccine 94.5% effective

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.
Governorship candidate of the Peoples Democratic Party (PDP) in Ondo State, Mr Eyitayo Jegede has sounded a note of warning to those plotting to rig the October 10 governorship election in the state, saying the people of the state would resist them.

Ondo election: Governor Akeredolu, APC lambast Eyitayo Jegede over allegation of threat to life

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.

Recent Stories

Seventy-five members of the Boko Haram and Islamic State West Africa Province (ISWAP) terrorist groups have been killed by the military across the North East in the last six weeks.

Troops raid terrorists’ hideouts, eliminate five in Borno

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.
Briefing State House Correspondents on Wednesday after the virtual FEC meeting presided over by President Muhammadu Buhari at the Aso Rock Presidential Villa, Abuja, the Minister of Works and Housing, Babatunde Fasola, and Special Adviser to the President on Media and Publicity, Mr Femi Adesina, gave breakdowns of the approvals.

President Buhari condemns ‘insane’ killing of farmers by Boko Haram 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.

Bible Society appoints new CEO-designate

The Bible Society of Nigeria (BSN) on has announced the appointment of Pastor Samuel Sanusi as its new General Secretary/ Chief Executive Officer-Designate.
Kidnap

I paid N3 million ransom before I was freed by kidnappers – doctor

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.
The International Table Tennis Federation (ITTF) Men’s World Cup served off its first spins on Friday, November 13 and there was a shocking loss for Nigeria’s best table tennis player, Quadri Aruna, who was beaten by Slovenian Darko Jorgic.

Aruna Quadri records third league victory with TTC in German Bundesliga

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.