• Proposed Development Bank takes off in January, says Adeosun

    Proposed Development Bank takes off in January, says Adeosun

    Development Bank, planned to provide funding for existing and start up Small and Medium Enterprises (SMEs), will commence operation in January 2017 with a capital of $1.3 billion, the Minister of Finance, Mrs. Kemi Adeosun has disclosed.

    Adeosun, who described the sector as a “very critical sector” stated that it accounts for 50 per cent of the nation’s Gross Domestic Product (GDP), adding that investing in the sector will catalyse more “activities in the economy.”

    The minister stated this in Lagos yesterday […]

  • Road accidents reduced by 15% between January and May – FRSC

    Road accidents reduced by 15% between January and May – FRSC

    The Federal Road Safety Commission says road traffic accidents in Nigeria reduced by 15 per cent from January to date.

    Bulus Darwang, the Assistant Corps Marshal in charge of Kaduna, Kano, Katsina and Jigawa States, disclosed this to newsmen on Wednesday during a familiarisation visit to FRSC Unit Command under Zaria in Kaduna State.

    Darwang said: “I can tell you that we have reduced road crashes significantly not only at the zonal level but in the country generally.

    “From January to date, I […]