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Month: December 2016

Panic in Nigeria as MMM suspends operation, freezes accounts

Amaka Obiefuna. Promoters and participants of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, are currently in panic as the ponzi scheme has been frozen. All confirmed accounts, as at early hours of Monday, were frozen. Mavro is the conventional unit for measurement of help provided to other participants in MMM. With all confirmed […]

Banks to Invest In New Agric/SME fund scheme

Amaka Obiefuna. The Bankers Committee have announced to contribute about N30 billion of their profits after tax to a newly created Agriculture/Small and Medium Enterprise (SME) fund designed to support funding financed by SMEs and primary agriculture. This was disclosed by the CBN governor, Mr. Godwin Emefiele at the 8th Annual Bankers Committee retreat held […]

Achumba succeeds Olusile as CPN’s Secretary

Winifred Bosa. Mr. Allwell C. Achumba, a Fellow of the Nigerian Computer Society, (NCS) has been appointed as the new Registrar/Secretary to the Council of the Computer Professional Registration Council of Nigeria (CPN). This was done at the 79th meeting of the Council regular meeting recently held at Lagos. Achumba succeeded Mr. Idowu Olusile who […]

WAASA Calls On FG To Review The Regulatory Policy To Be Small Processor Friendly

Fidelia Okafor The executive director Women in Agricultural Advancement and Sustainability Africa, WAASA, Mrs. Chi Tola, has called for review of stringent policies for obtaining food processing permit by small holder farmers who are itching to go into processing activities. Chi Tola said there is the need to review several policies and monitor the activities […]

SMEDAN Urges CBN To Make The Conditions For Accessing MSMEs Fund More Easier.

Fidelia Okafor The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) has said that the conditions for accessing the N220 billion Micro, Small and Medium Enterprises (MSMEs) loans earmarked by the Federal Government are too stringent. Dr Dikko Umaru, the Director-General, SMEDAN, while addressing newsmen in a CICAN end of the year forum on […]

Our Goal Is To Permanently Develop Nigeria’s Assets -:FG

Fidelia Okafor The Nigerian President, Muhammadu Buhari, had said that the goal of his administration is to develop the nation’s assets on a permanent basis. He decried the failure of past administrations to develop the nation’s asset, reiterating his determination to address the deficit. President Buhari made the promise recently at a meeting with the […]

Nigeria’s Minister of Environment to become UN Deputy Secretary General

Amaka Obiefuna. Amina Mohammed, Nigeria’s Minister of Environment is set to be appointed as the UN’s Deputy Secretary General. She resumed ministerial duty in November last year after being appointed by President Buhari. She is expected to be the deputy to Antonio Gutterres, who will assume office as secretary general of the UN on January […]

NCAA suspends Five Crew Cabin Members for Drug Abuse

Fidelia Okafor. Five crew members who tested positive for marijuana during a multidrug screening have been suspended from the Nigerian Civil Aviation Authority (NCAA). They were detected during their training at the Nigerian College of Aviation Technology (NCAT), Zaria. Mr. Sam Adurogboye, the General Manager of Public Affairs, NCAA in a statement said that the […]

Dangote Group, Tanzania government strike deal for natural gas supply

Fidelia Okafor. Dangote Cement and Tanzania have struck a deal on the supply of natural gas to the firm’s manufacturing plant in the country after negotiations stalled over prices, John Magufuli, Tanzanian president said. The cement factory in the southeastern town of Mtwara, Tanzania shut down recently due to high energy costs and epileptic power […]

AISG bears medical expenses of collapse building victims

Winifred Bosa. Following the recent tragic building collapse of Reigners Bible Ministry, Uyo, the Akwa Ibom state government has offered to bear the medical cost of all those injured. It was learnt that this tragedy took place during a church service yesterday , to enthrone the church founder, Apostle Akan Weeks, as bishop. Reports put […]

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