The Economic Community of West African States (ECOWAS), has granted 50,000 dollars to the Republic of Cape Verde to support the country’s 2025 to 2040 infrastructure master plan. This is contained in a statement issued by Mr Joel Ahofodji, Principal Officer, Information and Communication, ECOWAS, on Monday in Abuja. Ahofodji said that Mr Sediko Douka,…
Nigeria and the U.S. have expressed commitment to strengthening bilateral cooperation between them through various economic sectors. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, disclosed this in a statement by Alkasim Abdulkadir, his Special Assistant on Media and Communications Strategy, on Monday in Abuja. Tuggar disclosed that the commitment is the outcome of an…
Some financial experts have said the 14 per cent trade tariff imposed by the United States Government on Nigeria threatens the African Growth and Opportunity Act (AGOA). In separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Monday, the experts added that the tariff would also affect the duty-free provision. Dr Olumuyiwa…
Nigeria and Saudi Arabia has signed a Memorandum of Understanding to strengthen operational partnership in narcotics control. The agreement was signed on Monday in Riyadh by the National Drug Law Enforcement Agency (NDLEA) and the General Directorate of Narcotics Control (GDNC) of the Kingdom of Saudi Arabia. A statement by Femi Babafemi, the Director Media…
Dangote Industries Ltd. says it would ensure that Nigeria becomes self-sufficient in cement, agriculture, mining and petroleum production. The Regional Sales Director, Southeast, Dangote Cement, Dr Abayomi Shittu stated this in an interview with the News Agency of Nigeria (NAN) in Enugu on Sunday at the ongoing 36th Enugu International Trade Fair. “Dangote Industries Ltd….
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the new Nigerian National Petroleum Company Limited (NNPC Ltd.) management to activate “Petroleum Products Passport” to secure petroleum products. Dr Billy Gillis-Harry, National President of PETROAN, made the call on Sunday in an interview with the News Agency of Nigeria (NAN), Abuja, while…
In a move to address the persistent challenge of job placement for Nigeria’s rapidly tech talent pool, the National Information Technology Development Agency (NITDA) has forged a strategic partnership with Afrovision Technologies Ltd. (Doballi), a Dubai-based AI-powered platform. The Memorandum of Understanding (MoU), signed recently, aims to create a sustainable pipeline of employment opportunities, connecting…
Air Peace has marked its Lagos-London one-year anniversary by rewarding passengers for their loyalty and patronage on board the Lagos-London and London-Lagos flights with giveaways, raffle draw, and a cake-cutting ceremony. This is contained in a statement signed by the Head of Corporate Communications at Air Peace, Dr Ejike Ndiulo on Tuesday in Lagos. According…
Promoters and operators of entities engaged in a prohibited scheme is liable to a penalty of not less than N20 million or imprisonment to a term of 10 years or both. Thr Director-General of the Securities and Exchange Commission (SEC), Dr Emomotimi Agama, said it is one of the provisions of the newly signed Investments…
BUA Foods has approved the payment of a final dividend of N13 per share to its shareholders, subject to withholding tax and shareholder approval. The company disclosed this in a corporate filing with the Nigerian Exchange Ltd. on Tuesday. The statement reads “A final dividend of N13.00 per ordinary shares of 50 kobo each, subject…
