PUNCH
Dangote builds N7bn diagnostic centre in Kano
Africa’s richest man, Aliko Dangote, through his Dangote Foundation, is building a N7bn state-of-the-art operating theatre and diagnostic centre at the Murtala Muhammad Specialist Hospital in Kano.[Read More…]
Transcorp Ughelli Power changes name
Transnational Corporation of Nigeria Plc has announced the successful merger of its two power subsidiaries, Transcorp Ughelli Power Limited and Ughelli Power Plc. The merged companies are now a single entity called Transcorp Power Limited.[Read More…]
THISDAY
NITDA: ICT to Generate 20%? of Nigeria’s GDP By 2020
The National Information Technology Development Agency (NITDA) has said given the rate of Information Communication Technology (ICT) development in NIgeria, by the year 2020, ICT will contribute 20per cent to the nation’s Gross Domestic Product (GDP).[Read More…]
Naija Yao to Empower 36,000 Youths through Block-Making, Construction Technology
A non-governmental organisation ( NGO ) called Youth Development and Actualisation Outreach alias ‘Naija Yao’ has said that it is now set to mobilise and empower 36,000 Nigeria youths in the 36 states through the project it tagged: ” Block Making and Construction”, describing it as a tool for youth empowerment and mass housing.[Read More…]
GUARDIAN
SEC unveils N5b investor-protection fund
The Securities and Exchange Commission has set aside N5 billion National Investors Protection Fund (NIPF) to compensate investors for pecuniary losses arising from the insolvency, bankruptcy or negligence of non-broker/dealer capital market operators.[Read More…]
VANGAURD
Fashola, NERC meet with DISCOs on tariff
LAGOS —Minister of Power, Works and Housing, Mr. Babatunde Fashola, is meeting with the management of distribution companies, DISCOs, today with a view to acquainting himself with them and also intimate them about his expectations from them on the way forward.[Read More…]
LEADERSHIP
FG to Understudy Australian Mining Sector – Fayemi
The Minister of Solid Minerals Development, Dr Kayode Fayemi, has said that the Federal Government will understudy the Australian mining sector in the bid to reposition the country’s solid mineral sector.[Read More…]
REUTERS
China selloff pressure Asia stocks, yuan jumpy before IMF decision
An extended selloff in Chinese stocks pulled down Asian markets on Monday, while the yuan bounced on suspected intervention by Beijing hours ahead of an IMF decision on whether to promote it to a basket of global reserve currencies.[Read More…]
BLOOMBERG
First Word Asia: Volatility Surrounding the IMF’s Decision on Yuan
The offshore yuan strengthened and stocks fluctuated wildly ahead of the IMF’s decision on inclusion of the Chinese currency in the Special Drawing Rights basket. [Read More…]
Rupee Leads November Losses in Asia as Outflows From India Climb
India’s rupee led losses in Asia in November as outflows from local bonds and equities climbed amid increased prospects of a rise in U.S. interest rates this year.[Read More…]