AfDB approves $5m grant to scale up TEFEP in Africa
The Board of Directors of the African Development Bank (AfDB) has approved a grant of $5 million to enable the Tony Elumelu Foundation Entrepreneurship Programme (TEFEP) to scale up its outreach and impact to 1,000 select youth entrepreneurs in the…
Dangote, others leveraging on TCS to reconstruct 19 federal highways—Minister
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, in Lagos on Sunday disclosed that 19 major federal highways are currently under reconstruction by some private sector investors who are leveraging on the federal government’s called Tax Credit…
2023 end of fuel imports; not political but a realistic deadline—NNPC
…But analysts differ, seek deadline not close to election year In the history of Nigerian government’s deadline setting, history has shown that any project deadline set for an election year rather than a year within the official period of the…
Fidelity Bank’s ‘Get alert in millions savings promo’ crowns latest millionaires
Leading retail banking giant, Fidelity Bank Plc last week Thursday gave a total of N19m as cash prizes to 13 winners across the country in its ‘Get alert in millions savings promo.’ At the draw held in Abuja, the bank…
UBA staff across Africa join UBA Foundation’s Each One Teach One Initiative
UBA Foundation, the corporate social responsibility (SCR) arm of the United Bank for Africa (UBA) Plc, weekend held the 2019 edition of its annual ‘Each One, Teach One initiative,’ by hosting what it described as huge impact day in Nigeria…
‘Fund lost to graft in Nigeria, others 10 times the amount of dev. assistance’
The CEO of Global Media Foundation (GLOMeF), an anti-corruption, human rights and media advocacy non-governmental organization, Mr Raphael Godlove Ahenu, has revealed that “In developing countries, fund lost to corruption are estimated 10 times the amount of official development assistance.”…
Buhari silent on how 265 agencies violated fiscal, audit rules’ in Audit Report
Though the presidency has introduced disclosure portal for all MDAs to publish all their financial dealings from not less than N5m on a daily basis for Nigerians to seamlessly access, observers are worried on why he had kept silent over…
Expect turbulent domestic capital markets in Nigeria, others in 2020—Cordros
Leading capital market investment group, Cordros Capital Group, has envisaged turbulence across emerging markets capital markets, saying “In our view, we are entering a more challenging investment landscape in 2020.” “This is because, the combination of a lack of market-friendly…
Nigeria, Ghana top list of markets to watch for key oil & gas projects in 2020—AEC
In its African Energy Outlook 2020 report launched recently, the African Energy Chamber (AEC) highlighted the importance of increased infrastructure capacity in Africa’s long-term industrial development. Relying on the $12 billion Dangote Refinery in Nigeria and Ghana’s Tema LNG Terminal,…
StandChart ends charges onr ATM withdrawals, transfers for customers
Leading international banking group, the Standard Chartered Bank has announced that henceforth, its customers withdrawing money from any of its Automated Teller Machines (ATM) will no longer be charged N65 no matter the number of times. The bank, which announced…
