Nigerian Government has promised to settle the N88 billion budgeted for pension arrears this year. Minister of Finance and Coordinating Minister of the Economy, Wale Edun made the promise in Abuja yesterday when hundreds of retirees from the Contributory Pension Scheme (CPS) stormed the headquarters of the Federal Ministry of Finance, protesting prolonged delays in…
Vice-President Kashim Shettima has said Federal Government’s ongoing efforts to strengthen the country’s trade sector is showing promising results, as Nigeria recorded N6.5 trillion trade balance in second quarter of 2024. Shettima, represented by the Secretary to the Government of the Federation (SGF), George Akume, who spoke at the third National Conference on Non-oil Export…
BFI Group, the core investor in Aluminum Smelter Company of Nigeria (ALSCON), has sealed a deal with China National Chemical Engineering International Corporation Ltd. (CNCEC International) to revive the 135million metric standard cubic feet per day (MMscfd) Gas Processing plant in ALSCON Plant Ikot Abasi, Akwa Ibom State, with a total estimate investment of about…
A lender, First City Monument Bank (FCMB), has expanded its energy finance loan to N30 million to support households and small businesses in the acquisition of solar panels, batteries, inverters, and other clean energy equipment. The bank explained that with a maximum three-year repayment schedule, this initiative, the bank said, aims to promote sustainable energy…
The Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani has promised government support for indigenous technology companies, through collaboration. The minister gave the promise in Lagos during his visit to Imose Technologies smartphone/tablet assembly factory. Satisfied with his on-the-spot assessment of the factory, Tijani said the assessment of Imose Technologies factory, would enable…
Nigeria government is set to train key stakeholders on effective data collection for feed and fodder management in a move that will address ongoing feed and fodder shortages that has been fuelling tensions between farmers and herdsmen. This training, known as “feed balancing,” is aimed at gathering comprehensive data on feed availability across the country,…
Airtel Nigeria has hosted the 2024 UNICEF Generation Unlimited (GenU) Steering Committee meeting at the Airtel Nigeria headquarters in Banana Island, Lagos. The breakfast meeting served as a collaborative forum, bringing together stakeholders from government, the private sector, and civil society to review GenU 9JA’s progress in providing Nigerian youth with digital learning, upskilling, and…
MTN Nigeria, in partnership with the World Wide Fund for Nature (WWF) through its local partner Nigeria Conservation Foundation (NCF), has announced the winners of the 2024 Nigeria PachiPanda Challenge. Osarode Stephen Odemwingie has been selected for his groundbreaking innovation, biorefinery powered by fruit/vegetable waste and chicken feathers-specific waste streams. The solution addresses waste management…
Scam victims lost over $1.03 trillion in the past year, a sum that exceeds the total gross domestic product (GDP) of most countries, including Switzerland, Poland, and Taiwan. An average American victim faced a loss of $3,520.The findings are based on 58,329 consumers surveyed by the Global Anti-Scam Alliance (GASA) in collaboration with Feedzai.GASA’s 2024…
