Fund

Norrenberger unveils Turbo Fund for long term investors

November 3, 2023 Benjamin Umuteme 0

Norrenberger, an industry-leading, integrated financial services group, has launch its Norrenberger Turbo Fund for long term investors. The Fund which is a dynamic and innovative investment vehicle is set to revolutionise how investors achieve their financial goals. The Norrenberger Turbo Fund is an open-ended collective investment scheme registered by the Securities and Exchange Commission (SEC) targets pension fund administrators, insurance companies, corporate entities, public sector agencies, and other asset managers who seek to diversify their portfolio holdings Read More

Tinubu urges varsities to source fund through public- private financing 

October 23, 2023 Content Administrator II 0

President Bola Tinubu Monday challenged Nigerian public universities not to depend only on funding  from federal government adopt private -public financing method to augment their incomes. He said public- private financing is the trend all over the world,  which according  to him,  will meet the funding requirements desperately needed by universities to keep them afloat.  The president stated this in his address Read More

Access Pensions boss says sector funds will help bridge infrastructure gap

September 15, 2023 David Agba 0

The Managing Director/CEO, Access Pensions Limited, Dave Uduanu, has emphasised the potential of pension funds in addressing Nigeria’s infrastructure deficit. Uduanu who doped the hint at the insurance and pension event held in Lagos highlighted that by tapping into the pension fund investment landscape, Nigeria could reduce its reliance on external borrowing and mitigate financial vulnerabilities. “This approach is especially Read More

On the N1.5bn Cancer Fund

August 8, 2023 Lawal Dahiru Mamman 0

Narrating how the excruciating pain and cost of cancer treatment drove her to sell her valuables, Rosemary Nnamdi, in a newspaper interview, said it’s a miracle that she is still alive today. Nnamdi, 33, was diagnosed with the most common form of cancer, breast cancer in 2019, which made her lose hope on life. The young lady somehow and eventually Read More

Heifer International announces $3.5mn funding for tractor financing in Africa

May 23, 2022 Blessing Anaro 0

International development organization, Heifer International, has announced an additional $3.5 million in funding for its tractor financing initiative in Africa to speed up the pace of agricultural development on the continent. The investment comes two weeks after the launch of Hello Tractor’s innovative Pay-As-You-Go (PAYG) Tractor financing for agri-entrepreneurs in Nigeria with $1 million from Heifer International, taking the organization’s Read More

Google announces $4m Black Founders Fund for 60 start-ups across Africa

May 18, 2022 Segun Odunewu, Lagos 0

Google has announced that 60 eligible black-founded start-ups would receive a total of four million dollars in the second cohort of Google for Start-up Black Founders Fund (BFF). Folarin Aiyegbusi, Google’s Head of Start-up Ecosystem, Africa, made this known in a statement announcing the opening of applications for Google for Start-up Black Founders Fund for Africa. Aiyegbusi said that following Read More

Japan contributes $6m to Adaptation Fund

March 29, 2022 Admin III 0

The list of new contributors to the Adaptation Fund continues to grow, as Japan joined with its first ever contribution of $6 million to the fund. The contribution marks the Fund’s first of the year. It follows a record-setting amount of contributions in 2021, which totaled more than $350 million – over three times the amount it received in 2020. Read More

Pension Fund hits N13.42trn in December 2021

February 11, 2022 Admin III 0

The National Pension Commission (PenCom) has reported that pension fund assets surged by N1.11 trillion, rising from N12.31 trillion as at December 31, 2020, to N13.42 trillion in December 31, 2021. This is contained in data published by the Commission on its website on Wednesday. Since the National Pension Commission (PenCom) officially opened the transfer window, which allows holders of Read More

Aregbesola’s alma mater plans N250m fund on school infrastructure

January 25, 2022 Barnabas Olabisi 0

The Minister of Interior, Ogbeni Rauf Aregbesola would join other old students of Akoko Anglican Grammar School, Arigidi-Akoko, Ondo state to raise N250 million for complete renovation and development of the school. This was disclosed by the national president of the old students association, Adewale Saba, while speaking on the institution’s 60th anniversary programme in Akure, the Ondo state capital. Read More

Buhari demands 6-month progress report on solid minerals devt fund

December 29, 2021 Abdullahi M. Gulloma 0

To further ensure probity and best practice in the mining sector, President Muhammadu Buhari Wednesday directed the Presidential Artisanal Gold Mining Development Initiative (PAGMI) to provide a six-month progress report on the Solid Minerals Development Fund, designed to capture accruals from investments. At a briefing by the Steering Committee and Management Team of PAGMI at the State House, the President Read More

Obasanjo to deliver lecture at Bowen University’s 16th convocation

November 3, 2021 Lateef Ibrahim 0

Former president Olusegun Obasanjo will deliver lecture on ‘The Nation and University System’ at the 16th convocation ceremony of Bowen University, Iwo, Osun state, Saturday. The University will also honour the Ebola heroine and physicians, late Stella Adadevoh, with a Doctor of Science in Public Health.  The Vice Chancellor of the University, Prof. Joshua Ogunwole, disclosed this during a press Read More

NYCN decries management of N75bn youth investment fund

November 2, 2021 Agi Onda 0

The National Youth Council of Nigeria (NYCN) has decried the use of the N75 billion Nigeria Youth Investment Fund (NYIF) earmarked to stimulate economic activities among the youths in the country. NYCN President, Comrade Solomon Adodo, who spoke in Abuja during the national youth economic summit to commemorate the 2021 National Youth Day, alleged that the NYIF has performed very Read More

Enugu APC chairman mocks PDP over pledge to rescue Nigeria

October 31, 2021 Bode Olagoke 0

The newly elected Enugu State Chairman of the All Progressive Congress (APC), Comrade Adolphus Udeh has mocked the Peoples Democratic Party (PDP) over its pledge to rescue Nigeria. According to Udeh, before rescuing Nigeria, PDP should first account for the uncountable underdevelopment obstacles the party embedded in the system,   prior to their exit from power in 2015. In a press Read More

FG assures on adequate funding for Gombe-Biu road

October 27, 2021 Joshua Egbodo 0

The federal government has given assurance to members of the House of Representatives that it will ensure adequate funding of major federal roads, including that of Gombe-Biu. Permanent Secretary of the Federal Ministry of Works and Housing, Hassan Musa, gave the assurance in Abuja Tuesday, while addressing chairman, House Committee on Appropriations, Mauktar Betara, who was accompanied by Ahmadu Usman Read More

Nasarawa Assembly passes N5.98bn 2021 supplementary budget into law

October 25, 2021 Mohammed Yangida 0

Nasarawa state House of Assembly Monday, passed N 5.98billion 2021 supplementary budget into law. Speaker of the House Hon. Ibrahim Balarabe Abdullahi, announced the passage of the bill into law after Hon. Tanko Tunga, the majority leader of the house moved a motion to that effect during the house proceedings in Lafia. “The total size of the supplementary budget stand at N5, Read More

Internal democracy: PGF boss calls for new orientation in management of political parties

October 17, 2021 Bode Olagoke 0

Director General of the Progressive Governors Forum (PGF) Salihu Moh Lukman, has called for a new orientation in the management of political parties to address issues of membership recruitment and management, party funding and administration. Lukman, who is a chieftain of the All Progressives Congress (APC) said unless these issues are addressed Nigerians will continue to experience all the familiar Read More

Local production of food: RIFAN denies alleged diversion of fund

October 10, 2021 Bode Olagoke 0

The Rice Farmers Association of Nigeria (RIFAN) has denied allegation of lack of focus and misplaced priority levelled against it, describing it as an attempt to discredit the body. An online platform had reportedly accused the leadership of the Niger state chapter of RIFAN of diversion of fund meant to boost rice production for personal comfort of certain members and Read More

Pantami advocates artificial intelligence for protection of critical infrastructure

September 28, 2021 Bode Olagoke 0

Minister of Communication and Digital Economy, Isa Ali Pantami, has advocated the use of artificial intelligence in protection of critical infrastructures across the country. Pantami, who was speaking Tuesday in Abuja, at the opening ceremony of the Nigerian Security and Civil Defense Corps (NSCDC) stakeholders summit on the protection of critical infrastructure in Nigeria, stressed the need for more awareness, Read More

PGF boss attacks Wike, says Buhari responsible for increased VAT collection

September 17, 2021 Bode Olagoke 0

The Director General of the Progressive Governors Forum (PGF) and a chieftain of the All Progressives Congress (APC) Salihu Moh Lukman, has condemned the Rivers state governor Nyesom Wike, for “shamelessly talk about Value Added Tax (VAT) which President Muhammadu Buhari-led administration responsible for its increasing collection. The APC chieftain reminded governor Wike that the current increased record of VAT Read More

Arewa Youth Assembly sacks speaker, splits over smear campaign against Emefiele

September 16, 2021 Bode Olagoke 0

Arewa Youth Assembly on Thursday splits over smear campaign against the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele. The Assembly has also sacked its Speaker, Mohammed Salihu Danlami, over attack on President Muhammadu Buhari’s economic agenda and tenure extension. Recall that the Speaker of the group, Danlami, in a statement had insisted that Emefiele has option of voluntary Read More

APC group lauds Buhari’s strategic responses to Covid-19 pandemic

September 15, 2021 Bode Olagoke 0

A group of the ruling All Progressives Congress (APC) on the aiges of APC Legacy Awareness and Campaign (APC-LAC) has commended the firm responses of President Muhammadu Buhari-led administratiom to the Covid-19 pandemic. The group, which is a voluntary think-tank group of the governing party, particularly lauded President Buhari’s setting up of an Economic Sustainability Committee chaired by the Vice Read More

Alleged deductions: FUTA never tempered with pension funds – Mgt

August 30, 2021 Admin III 0

The management of Federal University of Technology Akure (FUTA), Ondo state has debunked allegations that the school management had failed to remit pension deductions to some of its staff. Some former staff of the institution who are now retirees had petitioned the Economic and Financial Crimes Commission (EFCC) against FUTA management over the allegations. The then teachers of the secondary Read More

No previous govt developed Niger Delta like Buhari’s administration – APC group

August 24, 2021 Bode Olagoke 0

The All Progressives Congress Legacy Awareness and Campaign (APC-LAC), a voluntary think-tank group of the governing party, has said that no previous administration has paid more attention to the plight of the Niger Delta region like the current administration of President Muhammadu Buhari. The group assured that Buhari will not relent in the implementation of his vision of a safe, secure Read More

APC govs celebrate Buhari’s assent of PIB, economy restructuring

August 18, 2021 Bode Olagoke 0

The Progressive Governors Forum (PGF) has celebrated the assent to the Petroleum Industry Bill (PIB) by President Muhammadu Buhari, saying the current administration has demonstrated unwavering commitment to change Nigeria democratically. The APC governors also said the new PIB present a convincing credential and commitment of the party to restructure Nigerian economy through democratic process in line with provisions of Read More