President of the World Bank- Jim Yong Kim

American President of the World Bank, Jim Yong Kim, is set to continue his leadership of the global apex bank with his second term in office commencing July 1, 2017.

Yong Kim was unanimously endorsed by Executive Directors of the World Bank on September 27, 2016 who cited the achievements of Bank Group staff and management during Dr. Kim’s first four years in office, and recognized his leadership and vision. They further acknowledged several accomplishments the institution has achieved during this time with strong Board support.

The National Bureau of Statistics (NBS) on Tuesday said the Consumer Price Index, which measures inflation, dropped from 17.26 per cent in March to 17.24 per cent in the month of April. The NBS stated in the report that the 0.02 percentage point decline in inflation rate made it the third consecutive month of decline in the CPI.

Naspers Ltd the parent company of Multichoice Africa is considering the sale of DSTV, its Pay-TV business in Africa to MTN, as slow economic expansion in key markets stifles growth and viewers switch to cheaper online alternatives.

Dr. Okechukwu Enelamah

The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah, says the Ministry has developed a five-point agenda to enhance economic growth in the country. He said the five-point agenda includes creating an enabling environment

General Elecric

American Industrial giant General Electric (GE) is set to launch a gas turbine assembly plant in Nigeria come 2018. This follows an investment of over $100 million into the plant in order to meet growing demands for gas-fired power plants in Nigeria and neighboring countries.

Chief Audu Ogbeh - Agriculture Minister

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh has said that the federal government’s ban on the importation of rice into the country was having severe effects on rice production in Thailand.

The Nigeria Customs Service (NCS) will be hosting a conference to be attended by Directors-General of Customs from all the African Union (AU) member countries. This is in furtherance of efforts to enhance trade, security and common position in the continent. The meeting will be taking place from 23rd to 25th May 2017.

NNPC Towers Abuja

The Nigerian National Petroleum Corporation (NNPC) said it had spent over N1.6 billion on the repairs of vandalized oil pipelines between Kaduna and Kano in 2016. The NNPC Group Managing Director (GMD), Mr Maikanti Baru, disclosed this when he paid a courtesy visit to Kano State Governor, Dr Abdullahi Ganduje in Kano.

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