Dr. Dele Alake
12 Jan
Minister of Solid Minerals Development, Dr Dele Alake, yesterday, rallied the support of the international community for local value addition in the mining sector, asserting that it was critical for the development of the mining industry and Africa’s economy.
13 Dec 2023
The Federal Government, through the Ministry of Solid Minerals Development, and the World Bank, on Tuesday, indicated their resolve to collaborate to unlock financing and technical support for the development of the mining sector.
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As 2024 draws to a close and the festive season approaches, motorists and commuters in Kano, Kaduna, and Katsina states have raised concerns over the poor state of road infrastructure in the region, citing its impact on travel efficiency and safety. A survey conducted by the News Agency of Nigeria (NAN) revealed widespread dissatisfaction among…
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The Lagos State government has announced the diversion of traffic on Marine Bridge for repair works, which will run from Wednesday, December 4, 2024, to Tuesday, February 25, 2025. Commissioner for Transportation, Oluwaseun Osiyemi, in a statement yesterday, advised motorists to use alternative routes during the repairs. Those travelling from Apapa to Lagos Island are…
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Financial experts drawn from the non-interest finance sector in Africa have stressed the need to create strategies that would deepen the adoption of non-interest finance and takaful in Africa. The stakeholders who gathered at the second edition of the African Takaful and Non-Interest Finance Conference themed, ‘Islamic Finance and Takaful: Building Resilience in a Volatile…
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Union Bank of Nigeria Plc has announced the appointment of Bayo Adeleke as its new board chairman along with seven other new members to its board. The new appointees, according to a statement released yesterday, include two executive directors, Kelechi Nwaoba and Taiwo Shote, and five non-executive directors – Mohammed Balarabe, Chiamaka Ezenwa, Ibrahim Oruma,…
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An underwriter, Capital Express Life Assurance, said it generated a premium income of N7.892 billion in 2023 as against N5.023 billion in 2022, showing an increase of 57 per cent. The insurer’s profit before tax was N754 million in 2023, a remarkable turnaround from the N4.6 million losses recorded in 2022. Speaking to shareholders at…
6 mins ago
The Central Bank of Nigeria (CBN) has launched a new website in its bid to enhance public communications. The Acting Director, Corporate Communications of the CBN, Mrs Hakama Sidi Ali said the new website goes live today. The statement added: “The Bank has developed a contemporary Web API that operates on Microsoft .NET Core 8…
7 mins ago
Stakeholders in the country’s insurance industry need reforms to position the sector for growth and contribute significantly to the economy. The industry players who gathered at the 2024 edition of the Business Journal Lecture themed, ‘Repositioning the Insurance Industry to Drive Sustainable Economic Growth in Nigeria’, at the weekend in Lagos, also urged underwriting firms…
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The Federal Competition and Consumer Protection Commission (FCCPC) has launched a major inquiry into widespread consumer complaints against leading players in the banking, telecommunications and aviation sectors. In a statement issued yesterday in Abuja signed by the Commission’s director of corporate affairs, Ondaje Ijagwu, the FCCPC said the inquisitions, which will begin December 3 through…
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The sustained monetary tightening triggered a significant capital shift in the equities market in November as investors lost N63 billion in the month. This is contrary to the N2.5 trillion gain and unprecedented rally witnessed in the market in October 2024. The influx of impressive corporate earnings reports for the 2024 third quarter and nine…
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The Financial Reporting Council of Nigeria (FRC) is seeking an increase in transparency, integrity and standardisation in valuation practice as part of the desire to improve financial reporting. The Executive Secretary and Chief Executive Officer of the Council, Dr Rabiu Olowo, hinted at the aspiration Olowo at the Stakeholders’ Engagement on the Proposed Valuation for…