Business Solutions

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Business Solutions General News

UK issues safety advisory to its citizens on current crises in Nigeria

Lagos, Feb. 17, 2023 – The United Kingdom (UK), through its Foreign, Commonwealth, and Development Office (FCDO), has issued safety advisories to its citizens in Nigeria and those traveling to Nigeria due to the current crises. In its updated advisories posted on its website, the UK FCDO, urged its citizens in Nigeria and those traveling into the country to take extra precautions around banks and Automated Teller Machines (ATMs) in the country as there has been a spike in criminal activities in those places. The UK government also informed her citizens …

Business Solutions Maritime/Shipping

Nigeria needs improved partnership with Republic of Korea – Jamoh. 

Lagos, Feb. 8, 2023 – Choi Yeong, the Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, says Nigeria is the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong made the assertion during a courtesy call on NIMASA Management in Lagos. He was led by the Korean Ambassador to Nigeria, His Excellency Kim Young Chae. Yeong also commended the sustained and improved security situation in the Gulf of Guinea with the strong presence of Nigeria, adding that the Korean government looks forward to continuous support …

Business Solutions Politics

FG to realise N11.54tn from highway concession

Abuja, Jan. 20, 2023 – The Infrastructure Concession Regulatory Commission (ICRC) says government will realise N11.54 trillion on the 25-year concession granted for maintenance of some highways in the country. Manji Yarling, the Acting Head, Media and Publicity of ICRC, said this in a statement in Abuja on Thursday. The ICPC said that the approvals came through the Highway Development and Management Initiative (HDMI). It said the goals of the project were to ensure efficient management and development of the country’s federal road network and provide adequate highway services. The …

Business Solutions Manufacturing/Industry

Global unemployment to rise by 5.8% in 2023 – ILO

Lagos, Jan. 19, 2022 – The International Labour Organisation (ILO) says global unemployment rate will rise by 5.8 per cent in 2023. A new report by ILO on ‘World Employment and Social Outlook: Trends 2023 (WESO Trends) published on its website, reported this. It also projected that global employment growth would be only 1.0 per cent in 2023 which will be less than half the level in 2022. ILO said that the moderate size of this projected increase would largely be due to tight labour supply in high-income countries.  “This …

Business Solutions Delivery Services Travel

The Gambia signs MoU with Africa50 on management of Senegambia Bridge

Casablanca,  Jan. 11  2023 – The Gambia has signed a Memorandum of Understanding (MoU) with Africa50, the pan-African infrastructure investment platform, for the Senegambia Bridge to be considered for Africa50’s Asset Recycling Programme. Asset Recycling is an initiative for governments to monetize existing  infrastructure assets through concession to the private sector with funds received being reinvested in other priority projects. Under the scheme, Africa50, together with a technical partner, are expected to manage and operate the Senegambia Bridge under a PPP scheme. Africa50, as the lead concessionaire, plans to engage leading …

Business Solutions Investment

Digital skills alleviate unemployment, poverty, hunger -expert

Empowerment Ibadan, Dec. 23, 2022 (NAN) Mr Oludayo Olusoga, the Executive Director, BetaX Digital Literacy for Sustainable Development Initiative, says the initiative will empower African youths to alleviate poverty, solve hunger and reduce unemployment. Olusoga said this at the graduation of the first set of free Digital Skills Training organised by the institution in Ibadan on Thursday where certificates were presented to the graduands. According to him, the initiative is positioned to empower African youths, alleviate poverty, solve hunger problems and reduce unemployment. “BetaX is a tech non-profit foundation tackling …

Business Solutions General News

Afreximbank, U.S EXIM sign a US$500 million MoU

Washington DC (U.S.), Dec. 20. 2022 – African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MoU) with the Export-Import Bank of the United States (U.S. EXIM) to enhance trade between Africa and the United States of America. The MoU is also to expand commercial engagements of the African Diaspora community in the U.S. toward facilitating transactions critical to the economic growth of both the U.S. and Africa. The two banks will support trade and economic integration in Africa and across a broad range of trade-enabling sectors, including helping to …