Reading Time: 2 minutes The first-ever National Investment Policy for Nigeria (NInP) has been approved for execution, and a new National Automotive Industry Development Plan (NADIP) covering the years 2023 to 2033 has also been adopted by the Federal Government. This was revealed by Otunba Adeniyi Adebayo, Minister of Industry, Trade, and Investment, in a statement issued by Mrs. Read More…
Reading Time: 2 minutes The African Development Bank (AfDB) Group warns again that Africa is extremely vulnerable to climate hazards. The bank claimed in a statement published on its website on Tuesday that Africa contributed the least to global pollution. It was acknowledged in the declaration that African countries generally were experiencing difficulties in obtaining sufficient funding. “Thus, resources Read More…
Reading Time: 2 minutes A public survey by UNFPA for a 2023 report has found that the most commonly held opinion in India, as well as in Brazil, Egypt and Nigeria, is that the population in each country “is too large and fertility rates were too high.” The projected Nigerian population today stands at 221 million. Due to the Read More…
Reading Time: < 1 minutes As a result of reports that Myanmar, the third-largest producer of the soldering metal in the world, may suspend production, tin prices shot up on Monday, creating an opportunity for increased Nigerian tin supply. The price of three-month tin on the London Metal Exchange increased by 11% to a two-month high of $27,705 a tonne Read More…
Reading Time: 2 minutes The National Bureau of Statistics(NBS) says women have continued to record low participation in all tiers and levels of governance. This is mentioned in the NBS Statistical Report on Women and Men in Nigeria 2021 released in Abuja on Tuesday. The report added that inspite of all efforts to support the contribution of women in Read More…
Reading Time: < 1 minutes The National Bureau of Statistics (NBS) reports that in Q3 2022, the Nigerian Railway Corporation earned N715.09 million from fares. This information was made public on Tuesday in Abuja as part of the NBS Rail Transportation Data for Q3 and Q4 2022. According to the data, the sum was down 60.52 percent from the N1.81 Read More…
Reading Time: < 1 minutes A joint venture between Vitol and Nigeria’s sovereign wealth fund has been established to engage in a variety of carbon avoidance and removal initiatives, the fund announced on Wednesday. An initial $50 million had been pledged, according to the Nigerian Sovereign Investment Authority (NSIA), and both companies were in the process of making a final Read More…
Reading Time: 2 minutes Nigeria exported a total of 214 products in 2022, according to the Nigerian Export Promotion Council (NEPC). This was stated at the Commerce and Industry Correspondents Association of Nigeria (CICAN) conference on Wednesday in Abuja by the Executive Director of NEPC/CEO, Dr. Ezra Yakusak. The role of the non-oil sector towards economic diversification and GDP Read More…
Reading Time: 2 minutes An information and communication technology (ICT) specialist advised government officials at all levels and company owners on Tuesday to embrace capacity building to boost their companies’ growth and image. Mr Sam Adesoga, the Principal Coach of Valuehut Ltd., delivered the guidance in an interview in Lagos. Adesoga stated that organisations must build and reinforce the Read More…
Reading Time: < 1 minutes After failing to find the long-term finance required to help it recover from a rocket failure in January, Virgin Orbit Holdings, the satellite launch firm owned by Richard Branson, filed for Chapter 11 bankruptcy on Tuesday. After announcing the layoffs of around 85% of its 750 workers last week, the Long Beach, California-based firm filed Read More…
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