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Nigeria Notes Technology

Tech can solve Nigeria’s youth unemployment – MD BoI

Olukayode Pitan, Managing Director, Bank of Industry (BOI), has described technology as a panacea to solving some of Nigeria’s problems especially youth unemployment. Pitan made the assertion on Thursday at the inauguration of BOI-UNILAG Incubation and Co-Working Hub, located at the Faculty of Social Sciences Premises of University of Lagos, Akoka. “Tech can help solve Read More…

Nigeria Notes

Forex restriction: Nigeria spends $6.1bn yearly on wheat importation – WFAN

The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat Read More…

Metro Notes

Lagos CARES to support 125,058 residents in 2 years – Sanwo-Olu

The Lagos State Government on Wednesday unveiled its COVID-19 Action Recovery and Economic Stimulus (CARES) targeting to support 125,058 residents in 24 months. Speaking during the unveiling at Lagos House, Ikeja, Lagos state Governor, Mr Babajide Sanwo-Olu said the Lagos CARES initiative was part of the Nigeria CARES (N-CARES) Programme for Results (P4R). Sanwo-Olu said Read More…

Notes Olympics Sports World

Taking a knee, raising a fist to be punished at Tokyo Games – IOC

Taking a knee during the Tokyo Olympics or lifting a fist in support of racial equality will be punished as the International Olympic Committee on Wednesday maintained its ban on athletes’ protests inside stadiums, at ceremonies and on podiums. The IOC’s Rule 50 forbids any kind of “demonstration or political, religious or racial propaganda” in Read More…

Africa Notes World

Rebels threaten to march on capital as Chad reels from president’s battlefield death

Rebel forces set their sights on Chad’s capital on Wednesday following the battlefield death of President Idriss Deby, a move that threatens to bring even more turmoil to a country vital to international efforts to combat Islamist militants in Africa. A spokesman for the Libyan-based rebel group, known as the Front for Change and Concord Read More…

Banking Business Economy Notes

CBN urges banks to support businesses seeking expansion

The Central Bank of Nigeria (CBN) has urged commercial banks to leverage their presence in other parts of Africa to support Nigerian businesses seeking to plant their footprints into new markets. The CBN Governor, Mr Godwin Emefiele, gave the advice at the Zenith Bank’s 2021 Export Seminar on Tuesday in Lagos. Emefiele called on the Read More…