Ogun State is Nigeria’s leading producer of solid minerals according to the data released by the National Bureau of Statistic (NBS) at the weekend. The NBS report titled: “State Disaggregated Mining and Quarrying Data (2016)” the NBS lists limestone, laterite and granite as the nation’s leading types of solid minerals while there are sizable quantities of

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A rescue mission was launched yesterday for troubled mobile giant Etisalat. The Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC) resolved to intervene in the over $1billion loan repayment issue between the telco and its local creditors. According to the NCC, the decision was taken yesterday afternoon after a meeting

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Lagos State Government has commenced leadership training for over 500 youths selected across the state. Speaking at the flagging-off of five-day training tagged IBILE Youth Academy (IYA) at Epe Recreation Centre, Commissioner for Youth and Social Development, Mrs Uzamat Akinbile-Yusuf, said the training was aimed at making the youth

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A consortium of local banks may assume the management of Etisalat Nigeria over unpaid loans extended to the telco about two years ago, The Nation has learnt. The development is a fallout of the difficult being faced by the telco in settling the. Already, the telco has approached the Central Bank of Nigeria (CBN) and the Nigerian

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A major step to giving Nigerians a modernised railway was taken yesterday when Acting President Yemi Osinbajo inaugurated the construction of the Segment II of the Lagos-Ibadan Rail Project at the Nigerian Railway Corporation (NRC) Compound in Ebute Metta, Lagos. It will be extended to the Lagos Ports Complex in Apapa to facilitate

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A market-driven exchange rate regime is in the works, going by the Federal Government’s economic plan released yesterday. There has been pressure that the naira should be allowed to float, its worth dictated by market forces. This, argue some experts, will attract investors. But the government insists that no country surrenders totally its currency

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The Federal Government is set to prosecute contractors who abandon projects in the Niger Delta, Acting President Yemi Osinbajo said yesterday. Prof. Osinbajo spoke at a town hall meeting in Benin City, the Edo State capital, as part of his fact-finding visits to the Niger Delta states. The meeting was almost marred by a protest by some members of oil

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