By Abdulfatah Babatunde African Development Bank (AfDB) has granted $148 million in financial support to the Commercial International Bank (CIB) of Egypt to prop up small and medium-sized enterprises (SMEs) and trade. In a statement received by TheNewsZenith on Friday, AfDB said the financial package “comes amid a shortage of foreign currency in Egypt due […]
From Our Correspondent The Chief Executive Officer, Nigerian Communications Commission (NCC), Dr Aminu Maida, has requested Nokia Networks to increase its investments in Research and Development (R&D) in the country. Maida said this is to support the growth of Information and Communication Technology (ICT) in Nigeria. He made the request when a delegation from Nokia […]
By Abdulfatah Babatunde A Nigerian, Dr Ikpeme Neto and two other African entrepreneurs, have emerged winners of the 2023 African Business Heroes (ABH) prize competition, receiving combined grants of $700,000. TheNewsZenith reports that the other winners are Thomas Njeru from Kenya and Ayman Bazaraa from Egypt. In a statement e-mailed to TheNewsZenith on Saturday, organisers […]
From Our Correspondent Nigeria and Germany have signed two Memoranda of Understanding (MoU) on gas supply to Germany and another $500 million worth of renewable energy projects in Nigeria. Ajuri Ngelale, Presidential Spokesman, announced this in a statement on Wednesday in Abuja. Ngelale said President Bola Tinubu witnessed the signing of the two MoUs on […]
By Our Correspondent Minister of Innovation, Science and Technology, Uche Nnaji, has reaffirmed the Federal Government’s commitment to support Nigeria’s industrialisation agenda through demand-driven research and development. Nnaji gave the assurance at the eighth edition of the Nigeria Manufacturing and Equipment Expo (NME-Expo) and the Ninth Edition of the Nigerian Raw Materials Expo (NIRAM-Expo), on […]
By Abdulfatah Babatunde The Arab Coordination Group (ACG) has pledged to increase support for its African partner countries ahead of the crucial COP28 climate change conference. To this end, ACG on Thursday in Riyadh, Saudi Arabia announced it would allocate up to $50 billion to help build resilient infrastructure and inclusive societies in the African […]
By Abdulfatah Babatunde Nigeria LNG Limited (NLNG) has dismissed speculative reports of domestic price surge of cooking gas known as Liquefied Petroleum Gas (LPG). Andy Odeh, General Manager, External Relations and Sustainable Development at NLNG dismissed the speculation in a statement emailed to TheNewsZenith on Wednesday. “The speculation is indicative of a fundamental misunderstanding of Nigeria’s […]
From Our Correspondent The Petroleum Tanker Drivers (PTD) association says time has come to work with the Federal Government, stop strikes and ensure an adequate supply of petroleum products. Mr Lucky Osesua, President of PTD, while chatting with newsmen on Tuesday in Abuja. Osesua urged PTD members nationwide to go about their normal duties to […]
By Abdulfatah Babatunde The Nigeria LNG Limited (NLNG) has again demonstrated its unwavering commitment to the advancement of local content in Nigeria. The company reinstated this at a three-day Nigerian Content Stakeholders Retreat held at its plant complex in Bonny, Rivers State over the weekend. The event provided a platform for the cohesion of NLNG’s […]
From Our Correspondent The Nigeria Customs Service (NCS), has intercepted some amunitions and arrest two suspects in One near Port Harcourt, TheNewsZenith reports. The Comptroller of Rivers Command, Baba Imam, told newsmen, on Friday in One, that the Customs have handed the suspects over to the Police. TheNewsZenith quotes Imam as saying the command also […]