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The Tony Elumelu Foundation (TEF), Africa’s leading philanthropy dedicated to supporting entrepreneurship, concluded its 3rd annual TEF Entrepreneurship Forum on 14th of October 2017 in Lagos.

  The Forum hosted more than 1,300 participants from 54 African countries. The most diverse and inclusive gathering of African entrepreneurs on the continent, the Forum continued its strong tradition of showcasing innovation across sectors, including Agriculture, Technology, Healthcare, Fashion and Energy/Power Generation.   Launched in 2015, the Forum was born out of the Foundation’s $100 million commitment to identify, ... Read More »

Africa’s prosperity:Osibajo, Obasanjo, Mbeki, Dangote, tasks AfroChampions on job creation

For Africa to attain its desired goal in real growth and development, prominent African leaders and top entrepreneurs across the continent have decided to work effectively together towards integrating their economies to enable free trade among its members. Specifically,Vice-President of Nigeria, Professor Yemi Osibajo,  Former President of Nigeria, Olusegun Obasanjo, former President of South Africa, Thabo Mbeki, and president of the Dangote group, who are ... Read More »

N2.6 billion fraud: Former NIMASA chief has case to answer, Court rules

A Federal High Court Lagos, on Monday, overruled a no-case submission by former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Patrick Akpobolokemi, charged with N2.6 billion fraud. The Economic and Financial Crimes Commission (EFCC) had on December 4, 2015, arraigned Mr. Akpobolokemi alongside five others, for allegedly diverting N2.6 billion from the coffers of NIMASA between ... Read More »

NPA gives INTELS three months to quit ports

THE Nigerian Ports Authority (NPA) has given the management of oil and gas logistics firm, Intels Nigeria Limited (INTELS), three months to round up and hand over the pilotage services to the authority. This, it was learnt, was contained in a letter sent by the NPA to the company last week. Addressing reporters in Lagos yesterday, NPA Managing Director Ms ... Read More »

2017: NPA to spend N278bn of N288bn revenue

The Nigerian Ports Authority has projected N288bn revenue for the 2017 fiscal year and plans to spend N278bn on recurrent and capital expenditures, leaving only N10bn for the Federal Government. The NPA also proposed a surplus of N8bn in 2017. These figures were made known by the Senate Committee on Marine Transport in its report on the 2017 budget proposals ... Read More »

No $25 billion contract was awarded by NNPC, says Osinbajo

Vice President Yemi Osinbajo yesterday maintained that the Nigerian National Petroleum Corporation (NNPC) did not award $25b contracts. In a letter to President Muhammadu Buhari, Minister of State for Petroleum Resources Ibe Kachikwu made the allegations, stressing that the contracts did not follow due process. A statement  by his Senior Special Assistant, Laolu Akande,  titled ”It is Important to set ... Read More »

We’ll be prudent in management of our loans – Adeosun

….IMF, World Bank project higher growth for Sub-Saharan Africa, Global Economy in 2018 The Honourable Minister of Finance, Mrs. Kemi Adeosun, disclosed on Sunday that the Federal Government would be prudent in the management of the country’s foreign borrowings. The Minister also revealed that the International Monetary Fund (IMF) and the World Bank Group have projected a positive outlook of ... Read More »

Nigeria, JICA hold bilateral talks on power, infrastructure projects & Pictures

Nigeria, JICA hold bilateral talks on power, infrastructure projects Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects. The Nigerian delegation was led by the Honourable Minister of Finance, Mrs. Kemi Adeosun, while the Senior Vice President of JICA, Mr. Hiroshi Kato, led the JICA delegation. Other members ... Read More »

Odu’a investment to go into oil and gas

The Odu’a Investment Company Limited, the investment hub of the South-West region of Nigeria, has concluded plans to venture into the oil and gas sector to boost the company’s fortunes. The Group Managing Director and Chief Executive Officer, OICL, Mr. Adewale Raji, stated this while fielding questions from our correspondent in Owerri, the Imo State capital, on Friday. He explained that the company had no difficulty ... Read More »

Nigeria, JICA hold bilateral talks on power, infrastructure projects & Pictures

Nigeria, JICA hold bilateral talks on power, infrastructure projects Nigeria has held bilateral discussions with Japan International Cooperation Agency (JICA) power and infrastructure projects as well as some pipeline projects. The Nigerian delegation was led by the Honourable Minister of Finance, Mrs. Kemi Adeosun, while the Senior Vice President of JICA, Mr. Hiroshi Kato, led the JICA delegation. Other members ... Read More »