Nigeria Eyes Diaspora Bond to Boost Remittance Inflows
Nigeria is considering launching a diaspora bond in the United States as part of its strategy to attract $1 billion in monthly remittances. Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, announced this during an interview with Reuters on the sidelines of the ongoing IMF/World Bank autumn meetings in Washington, D.C. Cardoso noted that Nigerians abroad are increasingly eager to invest...
AfDB President Calls for Urgent Action to Tackle Africa’s Development Challenges
African Development Bank (AfDB) President, Dr. Akinwumi Adesina, has sounded the alarm on the urgent need for innovative solutions to address Africa's pressing challenges of poverty and underdevelopment. He has called for a renewed global commitment to the continent's development and emphasized the importance of stronger partnerships and increased resource mobilization. Addressing the challenges posed by climate change, economic instability,...
Gold-youth: Powering Africa’s Next Generation of Leaders
Gold-youth, a pan-African youth organization, is celebrating 20 years of empowering young African leaders. Since its inception, the organization has been instrumental in unlocking the potential of Africa's youth, transforming them into social innovators and entrepreneurs. With a strong presence in South Africa, Zambia, Botswana, Zimbabwe, Rwanda, Uganda, Kenya, Nigeria, and the DRC, gold-youth is now setting its sights...
Silverbird Group Celebrates Historic Milestone: Bianca Ojukwu Appointed Minister of State for Foreign Affairs
The Silverbird Group is celebrating a major milestone - Bianca Odumegwu-Ojukwu, their 1988 Most Beautiful Girl in Nigeria (MBGN) queen, has been appointed as the Minister of State for Foreign Affairs by President Bola Tinubu ¹ ². This achievement showcases Bianca's exceptional journey from being a law undergraduate at the University of Nigeria to becoming a renowned diplomat, politician,...
Greenplinth Africa Launches World’s Largest Clean Cookstove Project in Nigeria
Greenplinth Africa has introduced a groundbreaking clean cookstove technology aimed at revolutionizing cooking practices in Nigeria. This innovative solution is designed to benefit 80 million women and households across the country, significantly reducing their reliance on traditional firewood. The project, launched in Lagos, involves the free distribution of 80 million highly efficient improved fuel woodstoves. This initiative is registered with...
Sahara Group Invites Applications for 2025 GMT Program
Sahara Group, a leading energy conglomerate, has announced the commencement of its prestigious 2025 Graduate Management Trainee (GMT) program. This program offers ambitious young graduates a unique opportunity to develop into global business leaders within the dynamic energy sector. Bethel Obioma, Head of Corporate Communications at Sahara Group, highlighted the program's proven track record of nurturing exceptional talent. "The Sahara...
Vietnam, Nigeria Seek to Boost Trade Ties
In a strategic move to strengthen bilateral economic relations, the Embassy of Vietnam and the Nigeria-Vietnam Economic, Trade, and Cultural Association (NVETCA) are set to host a significant roundtable business meeting. This high-level gathering aims to explore avenues for enhanced trade collaboration between the two nations, focusing on key sectors such as agriculture, food processing, import-export, manufacturing, infrastructure, and...
Oil Production Target Sparks Disagreement Between Minister and NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Minister of State for Petroleum Resources (Oil) have expressed differing views regarding the commission's target of increasing oil production by one million barrels per day within 12 to 24 months. The NUPRC's initiative aims to enhance the country's energy output and contribute to economic growth. The commission believes that increasing oil...
Global Climate Organization Pilots Solar Mini-Grid Program in Nigeria
A global climate organization backed by the Rockefeller Foundation and the Bezos Earth Fund is piloting a solar mini-grid program in Nigeria to address the country's erratic power supply. The program aims to provide reliable electricity to millions of Nigerians who currently lack access to the national grid. The Global Energy Alliance for People and Planet is initially focusing on...
FIRS Emphasizes Role of Judiciary in Robust Tax System
The Federal Inland Revenue Service (FIRS) has underscored the crucial role of the judiciary in maintaining a robust tax system in Nigeria. The FIRS emphasized the importance of the judiciary's integrity and cooperation in ensuring the effectiveness of the tax system. Dr. Zacch Adedeji, the Executive Chairman of the FIRS, represented by Muhammad Abubakar, the Coordinating Director of Services Support...
