There were signs of recovery in the Nigerian private sector in April as the cash crisis eased, according to a report by Stanbic IBTC Bank of Nigeria. The report on its Purchasing Managers’ Index titled ‘Nigerian private sector returns to growth in April’, showed key findings that the easing of cash crisis supported renewed rise…
As the world commemorates the Press Freedom Day, the Kano State Governor-elect, His Excellency, Engr. Abba Kabir Yusuf, has urged the media owners and journalists to be steadfast on providing credible news while remaining staunch defenders of free speech in the society. Engr. Abba said only with credible reportage, the media can preserve its respectability…
President Muhammadu Buhari on Wednesday in Abuja inaugurated a new long-term National Development Plan, the Nigeria Agenda 2050, NA 2050. The agenda aims to ensure that the country attains a Per Capita GDP of 33,328 dollars per annum, placing her among the top middle-income economies in the world by 2050. The president inaugurated NA 2050…
The Abuja Division of the Federal High Court has granted the Advertising Regulatory Council of Nigeria (ARCON) leave to serve a writ of summons on Meta, the owner of Facebook. The court gave the nod pursuant to an application by ARCON in a pending N30 billion suit against the social media giant for violation of…
The Nigeria Sovereign Investment Authority, has launched two companies as part of its efforts to deepen Healthcare financing in Nigeria. The two companies, according to the managers of Nigeria’s Sovereign Wealth Fund, are NSIA Advanced Medical Service Ltd and Equilease Systems Limited. A statement said this came after the receipt on Monday, of the Enugu…
Notore Chemical Industries Plc, has posted group revenue of N4.1 billion for the First Quarter ended 30th April 2023. In a statement, the company’s Group Managing Director (GMD)/ Chief Executive Officer (CEO), Mr. Ohis Ohiwerei, said its production was impacted by gas-supply limitations while finance cost affected by an increase in the exchange rate…
Sounding alarms about artificial intelligence has become a popular pastime in the ChatGPT era, taken up by high-profile figures as varied as industrialist Elon Musk, leftist intellectual Noam Chomsky and the 99-year-old retired statesman Henry Kissinger. But it’s the concerns of insiders in the AI research community that are attracting particular attention. A pioneering researcher…
Oil giant, ExxonMobil has reported $11.4 billion as first-quarter profits, up from $5.5 billion a year earlier, a Reuters report has said. The US energy firm said cost-cutting measures also contributed to its record that is more than double in the first three months of this year, helped by the increased demand for oil and…
The Permanent Secretary of the Federal Ministry of Agriculture and Rural Development (FMARD), Dr. Ernest Umakhihe, has retiterated the government’s commitment to development of rubber value chain and other cash crops in a bid to diversify the economy and grow non-oil export revenue. Reviving rubber production and its value chain in Nigeria, Dr. Umakhihe, said…
Leading energy and infrastructure conglomerate, Sahara Group, Egbin Power Plc, a Sahara Group company, and the Nigerian Conservation Foundation (NCF) have commenced a partnership geared towards the establishment of a nature reserve in Ikorodu to promote environmental sustainability. Ikorodu is a coastal city in Lagos, Nigeria which is home to Egbin Power, the largest privately…
