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In spite of huge investments made by the Federal Government in the cassava bread initiative over a period of 34 years, the project has remained a pipe dream, NIKE POPOOLA writes. The founder of Idera Oluwa Super Bread in Ibadan, Mr. Abass Abiodun, was one of the bakers that were ...

Rasheed Bisiriyu Firms from the United Kingdom have revealed plans to invest over $1bn (about N305bn) in the transport sector of the Nigerian economy. The investments, expected to come on stream within 18 months, are aimed at improving the operations of Nigeria’s maritime, railway and aviation industries, according to a ...

John Ameh and Leke Baiyewu The leadership of the House of Representatives said on Sunday that Nigeria had no choice but to borrow money to fund the 2017 budget. It noted that in a country battling economic recession, the government must spend money to reflate the economy and invest heavily ...

Turkey continued diplomatic efforts to secure the evacuation of civilians from Aleppo late on Dec. 18, with President Recep Tayyip Erdoğan speaking to Russian President Vladimir Putin and Foreign Minister Mevlüt Çavuşoğlu speaking to his Iranian counterpart Javad Zarif

In furtherance of its sustained efforts to offset housing deficit in the country, the Federal Government has launched a N13 billion Federal Civil Servants Mortgage Refinancing Scheme by the Nigeria Mortgage Refinance Company Plc (NMRC). Speaking at the launch event, the Minister of Finance, Mrs. Kemi Adeosun, said that the ...

The Director Research, Policy and International Relations Department, Nigeria Deposit Insurance Corporation, NDIC, Mr. Yayangida Umar, has described the current state of Nigeria’s economy which its critical sectors are dominated by foreigners as unhealthy for the country. Umar explained that no country can experience real growth when its economy had ...

As the lifespan of the Assets Management Company of Nigeria (AMCON) draws closer to its end, financial industry regulators are putting heads together to introduce a new private sector driven bad bank which will replace it. According to the Managing Director and Chief Executive of Nigeria Deposit Insurance Corporation (NDIC), ...

To the Group Managing Director/Chief Executive Officer of UAC Nigeria PLC (UACN), Mr. Larry Ephraim Ettah, Nigeria’s recession is structural. So, to get out of it, he says, the government must encourage growth because recession means negative growth. Ettah, who presides over the Nigeria Employers Consultative Association (NECA), says foreign ...

A‘WAR’ is brewing between the Association of Registered Insurance Agents of Nigeria (ARIAN) and the Chartered Insurance Institute of Nigeria (CIIN) over the agency fee charged by the  institute. The disagreement arose from the longstanding issue of the N12, 500 to be paid by applicants to get the CIIN proficiency ...

The Ford Explorer has been named Luxury Car of the year at the World Marketing Awards, reinforcing its status as a segment-defining model in the SUV vehicle sector. The award was accepted by the marketing team of Coscharis Motors, the sole authorised Ford dealer in Nigeria, at the prestigious Marketing ...