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Saraki tasks engineers on use of quality materials

  The President of the Senate, Dr Bukola Saraki, has called for the use of quality materials and qualified professionals in project execution by engineers to meet global standards. Saraki made the call on Saturday in Abuja at the investiture of...

Insurers to pay record $135b claims for 2017 after hurricanes

Insurers will have to pay claims of around $135 billion for 2017. This is the worst ever following a spate of hurricanes, earthquakes and fires in North America, according to a report published on Thursday. German reinsurer, Munich Re, in...

FG committed to N180b investment in NSTIR

The Minister of Science and Technology, Dr Ogbonnaya Onu, has said the Federal Government is committed to investing N180 billion to ensure successful implementation of the National Science, Technology and Innovation Roadmap (NSTIR) 2030. Onu said this at the ongoing 15th...

FG begins enforcement of safety standard in factories

The Federal Government has commenced the enforcement of occupational and health safety in workplaces to ensure global best practices. Prof. Stephen Ocheni, the Minister of State for Labour and Employment, said this during an Integrated Labour Inspection and Enforcement Services...

Subscribers decry poor services from some network providers

Subscribers of some mobile networks in the Federal Capital Territory (FCT) have decried their inability to make calls for over 48 hours. Many of the subscribers, who spoke on Thursday in Abuja, complained that they could not make or receive...

FG releases N1.2t for 2017 capital expenditure

The Federal Government on Monday said it released N 1.2 trillion to Ministries, Departments and Agencies (MDAs) of government for implementation of capital projects contained in the 2017 budget. The Minister of Finance, Mrs Kemi Adeosun, gave the figure during...

Afreximbank urges African countries to deviate from commodity dependence

President, African Export-Import Bank (Afreximbank) Dr. Benedict Oramah, has urged African countries to shift their economies away from commodity dependence, to move their people out of poverty. Oramah made the appeal in a statement by the Head of Communication and...

World Bank, Fed Govt discuss Power Sector Recovery Programme

The World Bank Group and the Federal Government have concluded two days of high-level consultations on the Power Sector Recovery Programme (PSRP). A joint press release issued by the World Bank and the Federal Government through the Special Adviser, Communications...

Buhari inaugurates 2 manufacturing plants in Kano

President Muhammadu Buhari has said his administration’s trade and investment policies will help the nation to diversify the economy, attract more foreign investments and speed up the country’s industrialization. Malam Garba Shehu, the President’s Senior Special Assistant on Media and...

FAAC : Federation revenue declines by N25.3b in October

The Federal, States and Local Government in the month of October shared N532.7 billion which shows a decline of N25.3 billion when compared to what they shared in September. The Permanent Secretary of the Ministry of Finance, Mr Mahmoud Isa-Dutse...

Lagos shuts 11 hotels over N354.75m tax evasion

The Lagos State Internal Revenue Service (LIRS) on Thursday shut 11 hotels, restaurants and event centres over alleged failures to remit their taxes under the Hotel Occupancy and Restaurant Consumption Laws of Lagos State 2009. Director, Legal Services of the...

Ministry condemns publication on illegal mining

The Ministry of Mines and Steel Development has described the publication of the BUA Group cement as an unwarranted campaign of calumny against it and the office of the Minister. Permanent Secretary of the ministry, Alhaji Mohammed Abass, said on...

FG sets aside N5b for local miners

The Federal Government has set aside N5 billion to empower artisan miners across the country as part of measures to ensure participation of all Nigerians in economic development. The Minister of Mines and Mineral Resources, Dr. Kayode Fayemi, disclosed this...

NCC seeks partnership of advocacy groups on toll-free 622 line

The Nigerian Communications Commission (NCC) is seeking the partnership of consumers’ advocacy groups to increase consumers’ awareness of its 622 toll free line. Its Director (Consumer Affairs Bureau), Mr Abdullahi Maikano, made the call in Lagos during the Fourth Quarter...

Ministry orders directors to ensure full implementation of mining roadmap

Permanent Secretary, Mines and Steel Development, Alhaji Mohammed Abbas, has directed all the Directors of the ministry to ensure full implementation of the Nigerian mining roadmap. Abbas gave the directive at a two-day sensitisation and retreat for the Directorate level...

Give long-term loans to manufacturers, MAN urges banks

Chairman, Manufacturers Association of Nigeria (MAN), Ogun State Chapter, Mr Wale Adegbite, on Saturday urged commercial banks to give long-term loans to manufacturers to grow the nation’s Gross Domestic Product. Speaking at the 10th Business Luncheon of the Association in...

Over 100 manufacturers in Ogun benefitted from N10breal sector loan

The Ogun State Commissioner for Commerce and Industry, Mr Bimbo Ashiru, said more than 100 manufacturers have benefited from N10 billion loan provided to manufacturers by the state government in the last six years. He said the aim of the...

Dangote Cement stirs industrial revolution in Africa

Africa’s largest cement Company, Dangote Cement Plc has added fillip to the ongoing efforts at economic emancipation of Africa when it formally opened its 1.5 metric tons per annum (mtpa) capacity cement plant in Mfila, Congo Brazzaville, amid ecstasy...

UN backed manufacturing summit launched in Kenya

The United Nations (UN) in partnership with the Kenya Association of Manufacturers (KAM), and Trade Ministry on Wednesday launched the Second Manufacturing Summit and Expo. The summit has as the theme “Driving Local Competitiveness to Make Kenya a Manufacturing Hub...

Forex: Shippers advise farmers to use dry ports

The Executive Secretary of the Nigeria Shippers Council (NSC), Mr. Hassan Bello, on Wednesday advised farmers to explore the availability of the newly-established dry ports in parts of the country to boost and espouse their local products to the...

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Obasanjo successfully completes PhD programme at NOUN

Former President, Chief Olusegun Obasanjo, is among 14,771 persons expected to receive honours at the 7th convocation of the National Open University of Nigeria...