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Month: April 2017

Subject: New cases of meningitis drop, Sokoto commences large vaccination campaign

New cases of suspected meningitis has started to decline as a large vaccination campaign, which will cover over 800,000 persons aged between two and 29 years has commenced in Sokoto State . As was contained in a press statement by Nigeria Centre for Disease Control NCDC  , a total of 628 new cases were reported […]

Seized $43million: CBN Governor, Emefiele appears before Osinbajo’s panel

Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has appeared before the committee set up by President Muhammadu Buhari to investigate the $43million recovered by the Economic and Financial Crimes Commission (EFCC) from an apartment in Ikoyi, Lagos. Emefiele was summoned on Friday before the committee, headed by Vice-President Yemi Osinbajo and has […]

Chartered Institute of Bankers and Nigerian Bar Association sign MOU

The Chartered Institute of Bankers of Nigeria (CIBN) and the Nigerian Bar Association (NBA) have signed a Memorandum of Understanding (MoU) on knowledge- sharing. The pact was signed at the World Conference of Banking Institutes (WCBI), which has come to an end in Lagos The Secretary-General of the NBA, Mr Isiaka Olagunju, said the two bodies […]

ALSCON to be resuscitated for economic diversification

The Nigerian Minister of Mines and Steel Development, Dr Kayode Fayemi has said that the revitalization of the Aluminium Smelting Company of Nigeria (ALSCON) in Ikot-Abasi, Akwa Ibom State in Southern Nigeria is crucial to the diversification plan of the Federal Government. Dr Fayemi disclosed this to journalists shortly after taking a tour of facilities […]

NLNG calls for intensified Malaria research

Winifred Bosa A grave indifference has been observed by Nigeria LNG Limited (NLNG) on the part of Nigerian scientists towards finding a solution to malaria scourge in the country. And with this development ,  NLNG   remarked that the situation may not augur well for global efforts to reduce malaria incidence and mortality rates by at least […]

Aviation sector to get a boost from private investors

Some private equity investors are considering investing in the two distressed local airlines that have been taken over by the Asset Management Corporation of Nigeria (AMCON). Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, stated that  the investors had on the sidelines of the IMF/World Bank spring meetings held   discussions with some members of the government’s delegation […]

CBN begins intervention for investors and exporters

The Central Bank of Nigeria (CBN) has commenced interventions in the new Investors and Exporters’ FX Window with the sale of 25 million dollars to customers. The apex ‎bank’s spokesman, Mr Isaac Okorafor, in a statement in Abuja, said the window was established to boost liquidity in the forex market and ensure timely execution and […]

AFDB releases $280 million to support Nigerian youths in agriculture

The African Development Bank (AfDB) has provided $280 million to support youths who are interested in agriculture in Nigeria. AfDB President, Dr. Akinwunmi Adesina, who disclosed this on Tuesday at the African Youth Agripreneurs (AYA) Forum in which over 200 youths in Africa, who are active in agribusiness/value chains are participating, in Ibadan said the […]

Allocation soars as FG, States, LGs share N468bn for March

The Federation Account Allocation Committee on Tuesday shared N467.8 billion. The figure is N38.7 billion more than what the three tiers of government shared in March. Accountant-General of the Federation, Ahmed Idris, told newsmen in Abuja that the N467.8 billion was distributed under four distributable sub-heads. Idris said: “The distributable revenue for the month is […]

Dangote’s new Pasta products to compete with rice

In a major strategic move to grow its market equity in Africa, Dangote Flour has unveiled new improved pasta products called ‘Ecccellente’. The re-vamped Pasta, is expected to reduce the dependency on rice consumption by Nigerians. Speaking at the Grand Customer Launch Event in Kano on Tuesday, Executive Director, Sales & Marketing, Halima Dangote, said […]

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