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Ministry of Industry Trade and Investment

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.

Central bank targets 12.5 metres metric tons of maize production in 18 months

The Central Bank of Nigeria (CBN) on Friday in Abuja said that it would intensify its support to farmers to meet the production of 12.5 million metric tons of maize in the country in the next 18 months.
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.

Nigerian government to unveil N65 billion stimulus package for private sector

Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo, disclosed this at a virtual meeting held with members of the OPS, made up of Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Nigeria Employers’ Consultative Association (NECA), Nigerian Association of Small and Medium Enterprises (NASME), and Nigerian Association of Small Scale Industrialists (NASSI).
The Executive Secretary, National Sugar Development Council, Dr. Latif Busari, said this when the Minister of Industry, Trade and Investment, Niyi Adebayo, toured major sugar project sites across the country.

Minister assures private sector of government’s support to reboot economy

The Minister of Industry, Trade and Investment, Chief Niyi Adebayo, has assured the Organised Private Sector of Nigeria (OPSN) of the government’s support to its efforts to reboot the economy in the face of the COVID-19 pandemic.
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.

Nigeria commissions $1 billion locally-made vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) has commissioned one billion dollars worth of locally-assembled vehicles.

Google, Flutterwave to train 5,000 SMEs in Nigeria

Google Nigeria, in partnership with digital payments company, Flutterwave, will commence a series of business clinics aimed at helping 5,000 merchants across Nigeria acquire the skills and tools needed.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

House of Reps summons NIMASA to explain unaudited accounts

The House of Representatives Committee on Public Accounts has summoned the management of the Nigerian Maritime Administration and Safety Agency (NIMASA) to appear before it on Feb. 25, to give reasons for its unaudited accounts.

Unemployment: ITF empowers 200,000 youths under NISDP scheme – DG

The Federal Government Monday applauded the efforts of the Industrial Training Fund (ITF) in tackling youth unemployment in Nigeria just as the agency said it has equipped over 200, 000 citizens with skills for employability and entrepreneurship.
Governor Dapo Abiodun of Ogun State has assured industrialists in the state of his administration’s readiness to put an end to the deplorable state of road network affecting manufacturers and other road users in the state.

Ogun creates ministry of transportation, three new agencies

The government of Ogun state has created a new Ministry of Transportation and three agencies under the ministry of physical planning and urban development.

Nigeria, US, Island of Jersey sign tripartite agreement on return of $318,460,329 Abacha loot

The Federal Government, the United States of America (USA) and the Island of Jersey on Monday signed a tripartite agreement on the return of $318,460,329 looted by late former military Head of State, General Sani Abacha.
Hajiya Saratu Shafii, the Acting Registrar-General of the Corporate Affairs Commission (CAC)

Federal government appoints new acting registrar-general for CAC

The Federal Government on Tuesday appointed Hajiya Saratu Shafii as the Acting Registrar-General of the Corporate Affairs Commission.

P&ID scandal: Court orders arrest of Briton

In abid to upturn the $9.6 billion judgement award in favour of a firm, P&ID, the Federal Government may have begun moves to extradite a key director of the firm, Adam Quinn, to face trial in Nigeria.
The Federal Government on Tuesday, inaugurated the executive officers of the National Fish Association of Nigeria (NFAN), to boost fish availability in view of the Federal Government’s closure of all the nation’s land borders since August.

Border closure: Federal government moves to boost domestic fish production

The Federal Government on Tuesday, inaugurated the executive officers of the National Fish Association of Nigeria (NFAN), to boost fish availability in view of the Federal Government’s closure of all the nation’s land borders since August.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Fuel subsidy to gulp N450 billion in 2020 – minister

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.

President Buhari mourns as Nigeria’s chief trade negotiator Chiedu Osakwe passes on

President Muhammadu Buhari on Monday mourned the death of the Director-General of the Nigerian Office for Trade Negotiations, Ambassador Chiedu Osakwe.

Federal government urged to increase tariff to discourage paint importation

The Federal Government has been urged to discourage activities that could lead to the importation of paints in the country by increasing tariff on anything that has to do with paint importation.

US experts boost ITF staff capacity in cyber security, mobile app devt, AI

Technology experts from the United States are training staff members of the Industrial Training Fund, ITF, on how to employ high level tech applications.

Ambassador Irele: French businesses were scared of visiting Nigeria

Nigerian Ambassador to France, Modupe Irele, has revealed that French companies were scared of visiting Nigeria to trade, invest or simply set up shop.
Bala Mohammed

Governor Mohammed, 17 Bauchi lawmakers submit assets declaration form

Former Reds star Danny Murphy believes Liverpool are not in danger of losing in-form forward Sadio Mane to Real Madrid despite apparent interest from the Spanish giants.

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South African Rand coins are seen in this photo illustration. REUTERS-Mike Hutchings

South Africa’s rand falls as virus fears hit risk appetite

South Africa’s rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors’ appetite for riskier assets.
Thiago Alcantara may be an “unbelievable” player, concedes Jose Enrique, but that does not make the Bayern Munich midfielder the “best fit” for Liverpool.

PSG join race to sign Bayern Munich star

Ligue 1 champions Paris Saint-Germain are reportedly set to challenge Liverpool in their pursuit of Bayern Munich star Thiago Alcantara.
Kasper Schmeichel is as good as any goalkeeper in the Premier League, according to Mark Bosnich, who says the Leicester No 1 would be a fantastic signing for Manchester United.

Mark Bosnich: Kasper Schmeichel would be ‘fantastic’ signing for Manchester United

Kasper Schmeichel is "as good as any goalkeeper in the Premier League", according to Mark Bosnich, who says the Leicester No 1 would be a "fantastic" signing for Manchester United.

Ondo guber: Deputy governor’s defection tears PDP apart

The planned defection of the deputy governor of Ondo state, Hon Agboola Ajayi, to the Zenith Labour Party this week is generating heat within his People Democratic Party.
The acting Managing Director of the commission, Prof. Kemebradikumo Pondei, also observed that the ongoing anti-Coronavirus measures including lockdowns of states contributed in dwindling the economy of the region.

NDDC interim chief reveals those scared of probe

The Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC) says those who got “emergency contracts” are scared of the ongoing forensic audit.