NIGERIA Archives - Page 28 of 28

ZENITH BANK EXPANSION PLAN

Posted on October 9, 2017 by Gambeta News

Zenith bank chairman, jim ovia discusses the expansion plan of the bank, also had a talk on Nigeria and Africa economy. Zenith bank is in the UK and several African countries, including The Gambia, Sierra Leone, and so on. The bank stocks are traded on the London Stock Exchange. This shows the bank is rapidly expending worldwide. According to the chairman, ”Our UK subsidiary recently opened a branch in Dubai as part of our expansion…

NIGERIA APPROVES PAYMENT OF US$ 72M DISCO ELECTRICITY BILL DEBT

Posted on October 6, 2017October 9, 2017 by Gambeta News

Nigeria government approves electricity bill debt payment but the amount not accepted by Disco. The approval of the payment which is up to US$72million is for power consumed by Ministries, Departments and Agencies (MDAs). The fund which is expected to be paid to the Electricity distribution companies is actually below what they are requesting and are claming that the money is suppose to be US$ 194million. Minister of Power, Works and Housing, Babatunde Fashola; ”The electricity companies may…

NIGERIA SPENDS AVERAGE 3BN ANNUALLY ON IMPORTED GOODS

Posted on October 3, 2017October 4, 2017 by Gambeta News

Local manufacturers lose large amount of money because of inability to compete with imported goods and demands from the government. Nigeria which most individuals refer to as the giant of Africa, spends an average of 3 billion naira when importing goods to the country according to the President of Manufacturer Association of Nigeria (MAN) which in turns makes local manufacturer to lost a large amount of money because they cannot compete with the demand of…

MICROSOFT TECHNICAL SUPPORT FOR ENTREPRENEURS

Posted on September 25, 2017September 25, 2017 by Gambeta News

Microsoft partners with TEF to provide entrepreneurs with technical support and other resources for improving their businesses. Seeing entrepreneurship as an element for economic and social growth of a country, Microsoft and Tony Elemelu Foundation (TEF) have formed a partnership known as 4Afrika Initiative which aims at providing entrepreneurs in the TEF Entrepreneurship Programme with the needed training, ICT tools and resources required to modernise their businesses, create more value proposition and increase their customer base….

Nigeria Port Authority assures Vessel safety on its waters

Posted on September 21, 2017 by Gambeta News

Ms. Hadiza Bala-Usman, The Managing Director, Nigeria Ports Authority (NPA) in a statement signed by Mr Abdullahi Goje, General Manager, Corporate and Strategic Communication of the authority in Lagos, has assured that the agency would ensure the safety and security of vessels on the nation’s territorial waters and seas. She said that NPA management prioritised security and safety of vessels to encourage international trade. The managing director also pledged to synergise with the Committee on Harmonised Standard Operating Procedure…

NIGERIA HAS SIGNED THE NUCLEAR WEAPON PROHIBITION TREATY

Posted on September 21, 2017 by Gambeta News

The country joins other countries that signed the treaty to ban nuclear weapons amid tensions over North Korea’s nuclear and missile tests. Minister of Foreign Affairs, Geofrey Onyeama, signed the treaty on behalf of Nigeria on Wednesday (20th Sept 2017) at the UN headquarters on the sidelines of the High-level UN General Assembly. After the signing ceremony, Onyeama told journalists that Nigeria was in support of a weapons-free world. He said “right from the early…

NIGERIA GOVERNMENT APPROVES US$5.7bn FOR CONSTRUCTION OF 3,050MW ELECTRICITY PROJECT

Posted on September 20, 2017September 20, 2017 by Gambeta News

President Muhammadu Buhari, approved 5.792 billion dollars (about N1.140trillion) for the construction of the 3,050 megawatts Mambilla Hydro-Power project at Gembu in Taraba. “Nigeria started talking about it since 1972; that is about 45 years ago. said The Minister of Power, Works and Housing, Mr Babatunde Fashola. He also said, ”Several efforts had been made to bring it to reality but I’m happy to announce that this government approved the contract today to joint ventures of…

Nigeria to Digitize Petroleum Resources Department Operations

Posted on September 19, 2017 by Gambeta News

In a statement by the by Paul Osu of the Public Affairs Department, The Department of Petroleum Resources (DPR) is set to roll out a digitalization programme to automate its critical operations, enhance the efficiency of its regulatory deliverables and accelerate recovery of outstanding revenues due to the government. The programme, when rolled out, will improve regulatory service delivery to stakeholders, promote transparency and effective monitoring of the Oil and Gas industry, enhance the ease of…

NCC reveals that internet users in Nigeria are decreasing

Posted on September 19, 2017September 19, 2017 by Gambeta News

The Nigerian Communications Commission (NCC) revealed that the number of people using the internet in Nigeria decreased in the month of July 2017. The number of users declined from 91,629,066 in June 2017 to 91,450,252 in July 2017, a decrease of 178,814. The telecommunications industry regulator made this known in its monthly internet subscribers’ data fact sheet, which is published on its website. The figures revealed by the NCC represent internet users on both Global…

FIRST DNA FORENSIC LAB OPENS IN LAGOS STATE

Posted on September 18, 2017September 18, 2017 by Gambeta News

Lagos state government has announced that it has completed the construction of the first DNA forensic laboratory in Nigeria. The construction of the forensic lab which was approved last year by the state governor as part of the criminal justice sector reforms designed to solve crime through technology and fulfill an unmet need for DNA profiling in the country. Adeniji Kazeem, the State’s Attorney General and Commissioner for Justice, represented at the briefing by Funlola Odunlami,…

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