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African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate…
African Development Bank takes landmark lead on formation of Africa Financial Alliance for Climate Change The international community has pledged to mobilize $100 billion in climate finance per annum by 2020 to support adaptation…
Korea announces $5-billion financial package for Africa at African Development Bank Annual Meetings
The Bank and the Republic of Korea also signed an agreement with the intent to provide up to $600 million towards the energy sector
The Government of Korea and the African Development Bank have issued a Joint Declaration following…
Nigeria champions renewable energy, get first academy in Africa
As the nation battle to be self sufficient in electricity, ASTEVEN Group has officially launched the first Sub Sahara Renewable Energy Academy in Nigeria. Students of the academy will be trained green vendors, service providers,…
Government’s failure boosts illegal refineries’ operations in Niger Delta
Illegal refining of crude oil in the Niger Delta region may continue longer than anticipated due to the failure of the Federal Government to unveil solutions it earlier promised to stop the menace. Experts and leaders from the region…
Adeosun to Mounir Gwarzo: I cannot be blackmailed
The Minister of Finance, Kemi Adeosun, has reacted to media reports making the rounds that the suspension of the embattled Director General of the Securities and Exchange Commission, Mounir Gwarzo, is unconnected with the Oando probe.…
SEC: Securities and Exchange Commission DG, Mounir Gwarzo, suspended
The Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo, has been suspended from office. Mr. Gwarzo was suspended on Wednesday by the finance minister, Kemi Adeosun, “to allow for an unhindered investigation of…
How new innovations challenge banking ― NDIC boss
Managing director and Chief executive officer of Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim says the banking environment is witnessing rapid changes, which are a challenge to bankers in the performance of their job.…
NNPC increases gas supply to power plants by 123%
The Nigerian National Petroleum Corporation (NNPC) has increased daily average natural gas supply to the nation’s gas power plants by 123 per cent to 730 million standard cubic feet per day (mmscf/d).
The Corporation, in its June 2017…
Governors demand relocation of oil firms’ head offices
Governors of the South-East and South-South states and other stakeholders have urged the Federal Government to prevail on multinational oil and gas corporations to relocate their corporate headquarters to their areas of core operations in…
YouWin: Nigerian govt. begins 2017 registration, warns against fraudsters
The Federal Government on Friday warned prospective participants in its annual Youth With Innovation Enterprise Programme against patronising fraudsters while registering for the scheme. The warning is containing in a statement issued by…