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Innovation

This category contains 23 posts

FG Approves Establishment of Polytechnic in Bonny

The Federal Government has approved the establishment of the Federal Polytechnic of Oil and Gas in Bonny, Rivers State as a practical expression to improving access to tertiary education in Nigeria. According to a statement issued by the Special Assistant to the Supervising Minister of Education, Mr. Simeon Nwakaudu, the new school also received a … Continue reading

Jonathan’s Unprecedented Automotive Revolution – 2013 Throwback

Oct. 22. 2013 A WIND OF CHANGE The recent push by the present administration to industrialise, using the recent launch of the Automotive Industry Development Plan as a platform could not have come at a better time considering the enormous potential of the sector to the development of any nation. In a move to ensure … Continue reading

HISTORY MADE: Nissan starts Patrol assembly in Nigeria, Almera, NP300 to follow

Nissan on Friday said that it had become the first major vehicle manufacturer to build a car in Nigeria, following the announcement of the Nigeria Automotive Policy. The policy in January raised import tariffs on fully built-up cars from 20% to 70% for those companies which do not participate in the programme. (South Africa has … Continue reading

Nigeria Overtakes UK in Internet Access –digitXplus Report

Nigeria has scored a big one above United Kingdom (UK) in the latest ranking of global information technology access which said that the country recorded a 200% growth in internet users between 2009 and 2013. According to statistics released by market research and statistics specialists, digitXplus, the digital Unit of mediareachOMD Nigeria, figures also indicated … Continue reading

CBN inaugurates Bank Verification Number

Feb. 14, 2014 (NAN) The Central Bank of Nigeria (CBN) on Friday inaugurated Bank Verification Number (BVN) to revolutionise banking and payment systems in the country. The News Agency of Nigeria (NAN) reports that the BVN is a biometric authentication of bank customers using Point of Sale (PoS) and Automated Teller Machines (ATMs). The biometric … Continue reading

FG Launches the Nigeria Mortgage Refinance Company

The Transformation Agenda achieved another remarkable milestone as the Federal Government just launched the Nigeria Mortgage Refinance Company. It is believed that this initiative would facilitate 200,000 mortgages over the next 5 years at affordable interest rates. According to the Ministry of Finance which is to midwife the Programme, it will begin in 14 pilot … Continue reading

Jonathan hosts inventor of electricity-generating football… appoints her as entrepreneurship Ambassador

President Goodluck Jonathan on Friday appointed a United Stated-based Nigerian, Jessica Mathews, who invented energy generating football and skipping rope as Entrepreneurship Ambassador. The Minister of Trade and Investment, Dr. Olusegun Aganga, disclosed this to State House correspondents after the football and skipping rope was demonstrated to President Goodluck Jonathan at the Presidential Villa, Abuja. … Continue reading

Main One Launches In West Africa’s Largest City

VENTURES AFRICA – With a growing list of major customers that cut across various industries in West Africa, communications services company, Main One, has expanded its enterprise and connectivity solutions to West Africa’s largest city, Ibadan, Nigeria. This is in line with the company’s commitment to enhance rapid broadband penetration across Nigeria. Its expansion into … Continue reading

Internet sales flourish in Nigeria

[FT] Mary Enweasor, who runs a tiny shop selling drinks and snacks in Nigeria’s biggest city, had saved up for some new shoes but was unsure where to buy them. The quality of footwear in Lagos’s sprawling markets was questionable. The door-to-door sales lady’s range was limited. The flashy new mall was too expensive. So … Continue reading

FCTA allocates land to police for mass housing

Abuja, May 2, 2013 (NAN) The FCT Administration on Thursday allocated four hectares in Mamusa West District to the Nigeria Police cooperative society for affordable housing.   The Minister of State for FCT, Ms Olajumoke Akinjide, made the presentation on behalf of the administration in Abuja.   She said the FCT would ensure that 80 per cent of those, who lived in satellite towns and … Continue reading

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