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In a bid to boost investment opportunities in the country, the federal government in partnership with the European Union and German government has launched an online platform to fast track operations, Daily Times reports.
The federal government represented by Federal Ministry of Power (FMP), Rural Electrification Agency (REA) and Nigerian Investment Promotion Commission (NIPC), launched the One Stop Investment Platform (OSIP) for Renewable Energy (RE) and Energy Efficiency (EE) in Nigeria, with financial support of the European Union (EU) and the German Government. The platform was launched within the framework of the Nigerian Energy Support Programme (NESP), a technical assistance programme, co-funded by the EU and the German Government, and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in collaboration with FMP… More details through: https://dailytimes.ng/nipc-partners-eu-german-government-in-boosting-investments-in-nigeria/
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Despite import restriction, importation of chilled and frozen mackerel has reached N128.8billion ($280million) or 40 per cent of the total annual $700million fish imports into Nigeria in one year.
The country’s major suppliers are Norway, Chile, Albania and United States, as fish deficit in the country stands at 2.5million tonnes, while production is less than 1.1 million tonnes. According to the United States Department of Trade (USDT), imports into the country were dominated by essentially fresh, chilled and frozen mackerel, accounting for 40 per cent… More details through: https://www.newtelegraphng.com/nigeria-imports-n128-8bn-mackerel-fish/ The Minister of State for Petroleum Resources, Chief Timipre Sylva and the Lagos State Governor, Mr. Babajide Sanwo-olu, have said the newly-inaugurated 8,400 metric tonnes Liquefied Petroleum Gas (LPG) terminal built by Techno Oil Limited in Lagos State will significantly contribute to deepening the domestic utilization of LPG in the country.
The multi-billion naira facility sited in Apapa, Lagos, which was described by the company as the largest and safest LPG terminal in West Africa, was recently inaugurated by the minister in company of the Lagos governor and other industry stakeholders. The minister who was represented at the occasion by the Deputy Director, Department of Petroleum Resources (DPR), Dr Musa Zagi, said such kind of project was important and necessary in deepening the usage of domestic gas in the country… More details through: https://www.thisdaylive.com/index.php/2020/11/27/sylva-sanwo-olu-upbeat-about-8400mt-techno-oils-lpg-terminal-2 The Federal Government has projected that Nigeria’s population would hit 411 million by 2050 with 65 per cent of the population under the age of 35.
Speaking at the 23th Conference of Intergovernmental Committee of Senior Officials and Experts for West Africa, in Abuja, the Minister of State for Budget and National Planning, Clem Ikanade Agba, expressed concern over population explosion, saying that all efforts should be geared towards creating jobs for the huge population. “The high population growth rate is, therefore, a matter of concern as there is need to cater for the rising population by stimulating the economy that engenders growth and creates jobs. To achieve this, we need to create economic activities that open up productive sectors and take full advantage of the African Continental Free Trade Area (AfCFTA) Agreement,” he said… More details through: https://www.sunnewsonline.com/nigerias-population-to-hit-411m-by-2050-says-minister/ WorldRemit, a global digital payments company, has announced the launch of its new zero percent pricing for international transfers to Nigeria. The new lowered price allows customers to send more to family and friends in Nigeria with absolutely no fees and FX margins. According to the digital firm in a statement, the major price drop forms part of a new pricing restructure and represents the largest pricing reduction in terms of the number of corridors for the business.
The new zero per cent pricing is in line with WorldRemit’s commitment to supporting remittance flows to Nigeria and helping the diaspora community to supplement and support family and friends back home. “The Economist reported in 2018, remittances to Nigeria totaled USD 24billion while the Nigerian Federation Account reported receipts from crude oil sales, tax and custom collections totalling approximately USD 10.8billion… More details through: https://www.newtelegraphng.com/worldremit-launches-price-drop-on-transfers-to-nigeria/ Over 20 states and private companies are set to partner the Federal Government to implement the methanol fuel technology in their respective domains, the Minister of Science and Technology, Ogbonnya Onu, said on Thursday.
Methanol fuel is an alternative biofuel for internal combustion and can be used in other engines, either in combination with Premium Motor Spirit, popularly called petrol, or independently. Onu, who disclosed this in Abuja at the 18th meeting of the National Council on Science, Technology and Innovation, also said his ministry had developed a strategy of prevention, tracking, testing and treatment for short, medium and long term basis in its fight against the COVID-19 pandemic… More details through: https://punchng.com/20-states-firms-to-implement-methanol-fuel-technology/ Interswitch, Africa’s leading technology driven company focused on the digitisation of payments in Africa, has announced its partnership with Finastra, one of the world’s largest fintechs, to deliver innovative, solutions for digital payments, corporate banking, treasury and trade finance, to financial institutions in Africa.
In a statement, Interswitch said that the partnership would enable it to deliver on its vision to transform Africa’s wholesale and transaction banking business by building world class products and solutions, thereby, delivering innovative and trusted technology to banks and the communities they serve… More details through: https://www.newtelegraphng.com/interswitch-finastra-consolidate-for-improved-services/ Despite the pandemic, the Financial Technology (Fintech) payment space in Nigeria grew by about 800 per cent. This was revealed by the Chief Executive Officer of Ecobank, Patrick Akinwuntan, during a panel session at the Fintech Nigeria: the State of Play, virtual conference.
Akinwuntan said the growth came directly from the Fintechs in collaboration with government agencies, indicating a huge trust in digital payment during the COVID-19 lock-downs, which prevented people from moving from one place to another… More details through: https://guardian.ng/business-services/fintech-space-grew-800-during-covid-19-as-cbn-lists-pandemic-lessons/ The National Environmental Standards and Regulations Enforcement Agency (NESREA) is to collect over 300,000 tonnes of e-waste in Lagos. This is part of the project on circular economy approaches for the electronics sector in Nigeria.
Director-General of NESREA, Prof. Aliyu Jauro disclosed this in Lagos during the opening of a four-day training for government regulators and the value chain as part of awareness creation on the circular economy approaches in the electrical electronics sector. The Global Environmental Facility (GEF) fund project is implemented by the United Nations Environment Programme (UNEP) and executed by the NESREA with the project location is in Lagos… More details through: https://dailytrust.com/fg-to-clear-300000-tonnes-of-e-waste-in-lagos Nigeria is ready to reopen its land borders to trade for the first time in more than a year, the finance minister said on Wednesday. Nigeria, Africa’s largest economy, closed its land borders in late 2019 in an effort to stamp out smuggling. Finance Minister Zainab Ahmed told journalists that the president would determine the date of reopening…
More details through: https://www.reuters.com/article/idUSL8N2IB4P6 |
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