ABUJA — The Nigerian government has signed a Memorandum of Understanding (MoU) with Israeli and Japanese companies to commence the assembling and manufacturing of electric vehicles in Nigeria. The agreement was signed by the National Agency for Science and Engineering Infrastructure (NASENI) in partnership with the Israeli, Japanese and Nigerian companies on Thursday, in Abuja. Israeli ambassador to Nigeria, Michael Freeman, said the partnership that will birth the manufacture of electronic motorcycles in Nigeria would...

The federal government has banned the use of foreign models and voice-over artists for advertisements targeted at Nigerians. Olalekan Fadolapo, director-general of the Advertising Regulatory Council of Nigeria (ARCON), disclosed this in a statement on Monday. He noted that the new policy will take effect from October 1, 2022. He said the move was aimed at promoting local content and talents and increasing economic growth. “In line with the federal government’s policy of developing local...

The General Overseer of the Prayer Centre Church of God (PCCG), Samson Oluwamodede, has asked Nigerians not to despair amidst the current economic crisis. Oluwamodede said “no one should yet give up on the current state of things in the country”, revealing that the country would undergo a transformation from bad to good, particularly in its economy. While prophesying an economic boom for the country over the weekend, the Akure-based cleric said the Holy Spirit...