In recent years, Tony Elumelu has emerged as a major promoter of entrepreneurship and empowerment of young Africans through the Tony Elumelu Foundation, TEF, and his Africapitalism business philosophy. And so was it at the 2016 edition of the Tony Elumelu Entrepreneurship Forum in Lagos, where he re-echoed what he believes in. “We give to empower and break the cycle…
FG Unfolds Plans For $29.960bn Foreign Loan
The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016…
Economy: Obasanjo Hails Adeosun’s Management Skills
After an initial show of loss of confidence in the ability of President Muhammadu Buhari’s government to manage the economy, former President Olusegun Obasanjo on Tuesday, expressed confidence in Kemi Adeosun, Finance Minister’s ability to handle the economic challenges facing the country. Obasanjo spoke at the National Council on Finance and Economic Development (NACOFED) holding…
N500bn Housing Fund To Revive Economy
The N500 billion new housing fund approved by the Federal Executive Council last week, will stimulate economic activities and return the economy to the path of growth, Finance Minister, Kemi Adeosun has said. A statement issued in Abuja by Festus Akanbi, SA Media to the Minister, quoted Adeosun as saying a mass housing scheme that…
Ntel In Voice and Data compatibility With Samsung Galaxy S7 And S7 Edge
Ntel, Nigeria’s most advanced 4G/LTE broadband operator has announced full compatibility for LTE Voice and Data on Samsung Galaxy S7 and S7 Edge, the first of its kind in Africa. With this achievement, owners and users of these devices can now call, browse and message on Ntel’s network. According to Ntel, following months of compatibility…
NERFUND Gets New MD
The Federal Ministry of Finance has announced the appointment of Dr. Ezekiel Oseni as the acting Managing Director of the National Economic Reconstruction Fund, NERFUND. The appointment, which takes immediate effect according to a statement issued by the office of the Permanent Secretary, Ministry of Finance, was made under a management agreement between the ministry…
Smile Communications Gets NCC Commendation
The Nigerian Communications Commission, NCC, has commended broadband service provider, Smile Communications Nigeria Limited for introducing innovative services that are bound to help change the face of the nation’s telecommunications industry. The nation’s telecom industry regulator gave the commendation in Ibadan at the official opening of the Bodija Model Shop of Smile, through its Zonal…
2 For 3 Promo Unveiled By Ntel
NatCom Development and Investment Company (NatCom), trading as ntel, has unveiled a two for three data promo for customers who wish to enjoy more data for less on its 4G/LTE advanced network. It has also promised to unveil more as it prepares to launch in Port Harcourt. ntel is offering prospective customers who buy any…
UBA Dismisses Rumours About Turkey Crisis
United Bank for Africa, UBA, one of Africa’s leading banks has distanced itself from the recent crisis in Turkey arising from a failed coup plot. According to a statement issued by Charles Aigbe, Head of Communications at the bank, “the bank is aware of the on-going and spurious media speculation linking our institution to recent…
FG Injects N248Bn Into Economy
Despite widespread resentment and economic crunch the federal government says it has injected N247.98 billion into the economy as the capital release for the year. Finance Minister, Kemi Adeosun stated this on Thursday when she made a presentation before the Senate. She explained further that the disbursements were being made in line with strategic priorities…
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