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Wednesday, September 23, 2020

Nigeria becomes second-largest shareholder in Shelter Afrique after $9.4m investment

The Federal Government has committed $9.4 million to pan African housing development financier, Shelter Afrique (SHAF), which is owned by 44 African governments, African Development Bank (AFDB) and Africa Re. The contribution moves Nigeria to the second largest in the organisation with 14.77 percent of...

Nigeria’s central bank releases guidelines for solar connection intervention facility

The Central Bank of Nigeria (CBN) on Monday introduced the Solar Connection Intervention Facility to complement the Federal government’s effort of providing affordable electricity to rural dwellers through the provision of long term low interest credit facilities to the Nigeria Electrification Project (NEP) pre-qualified...

Chevron invests N4.3bn to boost agriculture in 2019 – Report

By Solomon Asowata Lagos, Sept. 14, 2020 Chevron Nigeria Limited invested N4.3 billion through its Partnership Initiatives in the Niger Delta (PIND) to boost agriculture in the oil rich region in 2019. The oil company disclosed this in its 2019 Corporate Responsibility Report obtained by the...

NDPHC to add 125 MW to national grid to boost electricity

By Constance Imasuen Abuja, Sept. 14, 2020 The Niger Delta Power Holding Company (NDPHC) says it plans to add 125MW of electricity to the national grid to boost power supply in the country. The Managing Director of NDPHC, Mr Chiedu Ugbo, disclosed this in Abuja...

Lagos-Ogun Mass Transit Trains: NRC resumes operations Monday, increases fares

By Yemi Adeleye Lagos, Sept. 10, 2020 The Nigerian Railway Corporation (NRC) has announced the resumption of Lagos-Ogun Mass Transit Train Services (MTTS) from Monday after five months of suspension to contain the spread of COVID-19 pandemic. Mr Jerry Oche, the District Manager, NRC, Lagos, made...

FG inaugurates stimulus scheme for MSMEs to aid 1.7m Nigerians

By Emmanuella Anokam Abuja, Sept. 10, 2020 The Federal Government on Thursday inaugurated two schemes to support Micro, Small and Medium Enterprises (MSMEs), to cushion the effects of COVID-19 and save over 100,000 small businesses. Naija247news reports that the two schemes, National Survival Fund and the...

COVID -19: Buhari approves N8.9bn for hazard allowance of health workers

President Muhammadu Buhari has approved additional N8.9 billion for the Coronavirus (COVID-19) hazard allowances to all medical health workers in the country. The Chairman, Presidential Task Force (PTF) on COVID-19 and Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, disclosed this...

SMEs call for cooperation to enhance value chain in food production

By Temitope Ponle Abuja, Sept. 9, 2020 A panel of representatives of Small and Medium Enterprises (SMEs) in the agriculture sector has called for cooperation among SMEs to enhance the value chain in food production in the continent. The representatives made the call in a...

Pension: Over N96bn paid across operational departments: PTAD

By Nana Musa Abuja, Sept. 9, 2020 The Pension Transitional Arrangement Directorate (PTAD) has paid over N96 billion across all the operational departments of the Federal Government between July 2019 and August 2020. The Executive Secretary of the directorate, Dr Chioma Ejikeme, made this assertion...

Experts list funding options in Nigeria’s infrastructure development

By Solomon Asowata Lagos, Sept. 8, 2020 Some financial experts on Tuesday identified other finance options Nigeria could utilise in development of critical infrastructure across the country without resorting to borrowing. The experts said the dwindling revenue orchestrated by the COVID-19 pandemic, falling crude oil prices...
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