In a major boost for its Light Up and Power Africa initiative, the African Development Bank (AfDB) has entered into partnership with the International Solar Alliance (ISA) to scale up solar energy in Africa. The bank and ISA will jointly support technical assistance and knowledge transfer for solar development and deployment in sunshine-rich African countries. Both parties will also develop ...

The Senate has approved that the nominees for the positions of Deputy Governor of the Central Bank of Nigeria and members of the Monetary Policy Committee be screened for confirmation. Chairman of the Senate Committee on Banking, Insurance and Other Financial Institutions, Rafiu Ibrahim, raises a point of order at the plenary on Tuesday to urge the lawmakers to lift ...

Muhammadu Buhari, the President of Nigeria, has expressed satisfaction with the growing role of agriculture as a strategy for jobs creation among young Nigerians. Speaking while receiving Boukekri Rmilli, the Foreign Minister of Tunisia, at the State House, in Abuja, on Tuesday, Buhari said his administration would increase its support for agriculture as a mechanism for jobs creation. “We are ...

Amid the complaints about the new Lagos State Land Use Charge, the Commissioner for Finance, Akinyemi Ashade, has said that it’s an aggregate tax that has combined three erstwhile separate taxes namely tenement rate, ground rent and neighbourhood improvement levy into one. Ashade, who noted on Tuesday in Lagos that the Land Use Charge had been trending for the wrong ...

Nine ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria (NAN) in Lagos that six of the vessels were waiting to berth with petrol. Three other ships, it said, would ...

The United Nations Global Compact has developed a toolkit for Micro, Small and Medium-scale Enterprises in Nigeria as part of efforts to tackle the challenge of corruption faced by the MSMEs. The Chief, Africa, UN Global Compact, Olajobi Makinwa, said the toolkit was designed to help the MSMEs strengthen their internal compliance against corruption and become attractive to banks. She ...

The Vice-President, Yemi Osinbajo, on Monday, decried the low impact of commercial banks on the citizenry with no fewer than 40 per cent of the people under-banked. He said this in a remark at the public presentation and launching of the book “Banking Reform in Nigeria: the Law, the Prospects and the Challenges’’ written by a doctor of Law, former ...

 By Nduka Uzuakpundu Muhammadu Buhari, the President of Nigeria, has reiterated his administration’s commitment to a successful execution of the Economic Recovery and Growth Plan (ERGP). At the launch of the Focus Labs, on Tuesday, at State Banquet Hall, in Abuja, he described the labs as closed-door investment platforms, whose profile for economic growth and transformation would be sharpened by ...

The Kano/Jigawa Customs Command of the Nigeria Customs Service has seized over 300 bags of smuggled foreign rice and macaroni, valued at N7 million. The Comptroller of the Command, Yusuf Abba-Kassim, who disclosed this to journalists, said the two suspects were arrested in connection with the smuggled items. According to Abba-Kassim, 10 vehicles which conveyed the smuggled items were also ...

First Bank of Nigeria Limited says it has created opportunities for salary account holders to unlock the wealth in their accounts. The lender said this could be achieved through the First Bank Personal Loan Against Salary. The Group Head, Products & Marketing Support, First Bank, Abiodun Famuyiwa, was quoted in a statement by the lender as saying,  “salary account holders ...