Month

December 2017

External Reserves Rise to $36.8bn

Nigeria’s external reserves rose by $1.91bn in the first two weeks of this month, a Central Bank of Nigeria’s report indicated on Friday. The foreign exchange reserves stood at $36.86bn as of December 14, up from $34.95 as of November...
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NEPC Plans to Develop Cross River Cocoa for export

The Executive Director/Chief Executive Officer, Nigerian Export Promotion Council, Mr. Olusegun Awolowo, has said that developing the Cross River State cocoa value chain for export will enhance economic growth. Awolowo spoke through the Deputy Director, National Export Office, NEPC, Mrs....
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ICT: UNN Signs MoU with Chinese Company

The University of Nigeria Nsukka (UNN) on Friday, signed a Memorandum of Understanding (MoU) with HUAWEI, a Chinese Information Communication Technology, (ICT) giant. The Vice-Chancellor, Prof. Benjamin Ozumba, signed on behalf of the university, while Mr. Simon Zhang, the Channel...
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Abia to Establish Vehicle Manufacturing Plant

As part of its plan to review its industrialization policy of the state, Abia State Government says it is poised to set up a vehicle manufacturing plant in Aba, the commercial city of the state soon. Commissioner for Information, John...
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FG to Sell First African Sovereign Green Bond

Nigeria is set to become the first country on the continent to issue a security that raises funds for environmental projects when it launches its green bond on December 18. The government plans to sell N10.7bn ($30m) and the offer...
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N20.88bn Novare Mall Creates 5,000 Jobs

Over 5,000 direct and indirect jobs for Nigerians have been created by the $6 8m (N20.88bn at N307 to a dollar) Novare Gateway Mall in Abuja, the Chairman of the facility, Prof. Fabian Ajogwu, SAN, has said. In his speech...
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FG Woos Investors on Renewable Energy

The Minister of Science and Technology, Dr. Ogbonnaya Onu, has called on private investors to invest in the renewable energy sector so as to promote sustainable industrialization in the country. Dr. Onu made the call while declaring open the stakeholders...
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