Category: Economy

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N75b fund: FG asks MSMEs to apply, portal opens Monday

Amb. Mariam Katagum, the Minister of State for Industry, Trade, and Investment, said the Federal Government is set to provide financial support for 1.7 million MSMEs in the next three months. The minister made this known at the virtual commissioning of the Fashion Cluster Shared Facility for Micro, Small and Medium Enterprises (MSMEs) tagged:“Eko Fashion Hub” in Lagos on Friday. According to her, the initiative … Continue reading N75b fund: FG asks MSMEs to apply, portal opens Monday

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WTO: Okonjo Iweala makes it to next round

Nigeria’s candidate for the Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, has made it to the next round of voting after a selection process which saw three candidates miss out. With this development, five candidates are still in the race for the WTO top job after securing enough support to guarantee a place in the next round of voting. General Council Chair, … Continue reading WTO: Okonjo Iweala makes it to next round

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Facebook opens new office in Lagos

Facebook on Friday said it would be opening an office in Lagos, Nigeria, as part of its continued commitment and ongoing investment in Africa. In a statement made available to newsmen in Lagos, said this would be its second office on the African continent. It said the opening of the new office was aimed at supporting the entire Sub-Saharan Africa region. The office, it said, … Continue reading Facebook opens new office in Lagos

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More money rolls in for Federal, states, local councils in August allocation

The Federal Government, states and local government councils have shared N682.06 billion from revenue collected in August, Dr Mahmoud Isa-Dutse, Permanent Secretary, Ministry of Finance, Budget and National Planning, has said. The amount is slightly higher than the N676.407 billion shared last month.It is also higher than the N651 billion shared in July. Isa-Dutse said that the money shared excluded cost of collection to Nigeria … Continue reading More money rolls in for Federal, states, local councils in August allocation

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FG, Lagos pay conditional cash transfer to beneficiaries in Apapa for July, August

The Federal Government, in collaboration with the Lagos State Government, has commenced the payment of Conditional Cash Transfer to another set of beneficiaries in Apapa area of the State for the months of July and August 2020. Speaking at the second edition of the disbursement of the Cash Transfer to the beneficiaries in Apapa Local Government Area of the State on Thursday, the Honourable Commissioner … Continue reading FG, Lagos pay conditional cash transfer to beneficiaries in Apapa for July, August

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Rehabilitation of Ikorodu road: Lagos announces road diversion

As part of the ongoing rehabilitation works on Ikorodu Road, the State Government is set to commence the next phase of repairs from Ojota Interchange to Ojota Second Pedestrian Bridge and the Service lane inbound Lagos, from Monday 21st of September, 2020 for a duration of three months. According to a statement signed by the Honourable Commissioner for Transportation, Dr. Frederic Oladeinde, the entire length … Continue reading Rehabilitation of Ikorodu road: Lagos announces road diversion

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Osinbajo,Sanwo-Olu commission Eko MSME fashion hub in Lagos

Vice President Yemi Osinbajo and Lagos State Governor, Mr. Babajide Sanwo-Olu on Friday commissioned the Eko Micro, Small and Medium Enterprises (MSME) Fashion Hub-1 in Lagos. The MSME Fashion Hub-1, which is a shared facility in Lagos State under the National MSME Clinic Scheme is situated around Alade Market, off popular Allen Avenue in Ikeja Local Government Area of the State. It is expected to … Continue reading Osinbajo,Sanwo-Olu commission Eko MSME fashion hub in Lagos

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COVID-19 threatens to derail SDGs – Buhari

President Muhammadu Buhari Thursday, acknowledged that the outbreak of the coronavirus pandemic had threatened to derail the progress in achieving Sustainable Development Goals (SDGs). He spoke Friday at the virtual inaugural SDGs Moment, convened by UN Secretary-General Antonio Guterres, during the high-level week of the 75th UN General Assembly. President Buhari, however assured that Nigeria is addressing the threat by re-dedicating efforts towards economic diversification, focusing … Continue reading COVID-19 threatens to derail SDGs – Buhari

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Economy, Featured, LifeStyle, News, News Now, Transportation

Port Harcourt – Bonny – Maiduguri Rail to commence soon, Says Amaechi

Minister of Transportation, Rt Hon. Chibuike Rotimi Amaechi has disclosed that upon completion of the Lagos-Ibadan railway project by December, the Federal Government would immediately commence construction of the Eastern rail line which connects Port Harcourt – Bonny to Maiduguri. Amaechi said the planned commencement is subject to approval by the Federal Executive Council while listing other projects in line for commencement. They include the … Continue reading Port Harcourt – Bonny – Maiduguri Rail to commence soon, Says Amaechi

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Self-Certification form: Buhari govt apologises to Nigerians

The Federal Government has apologised to Nigerians for what it termed a misleading information regarding ‘Self-certification’ forms. The government had earlier ordered all account holders in financial institutions to obtain, complete and submit the forms. Nigerians have been expressing their anger over the new instruction and wondered why authorities are dragging them into another round of verification. They have asked the government to reverse the order and … Continue reading Self-Certification form: Buhari govt apologises to Nigerians

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