Plans are underway by the Central Bank of Nigeria (CBN) to revive at least 20 textile companies before the end of the 2019. The apex bank had taken the first step in the journey to revive the sector with the flag-off of input distribution to 100,000 cotton farmers, as well as cultivating 100,000 hectares in […]
BUSINESS AND ECONOMY
Abuja hosts Nigeria-Russia Business Forum 2019
By Lubem Gena The Abuja Chamber of Commerce and Industry (ACCI) in collaboration with Nigeria-Russia Business Council (NRBC) and Expotech Tour Ltd of Russia are organising Nigeria-Russia Business Forum, (NRBF) 2019 which promises to be an important platform for entrepreneurs and investors who are active in the rapidly growing economies. In a joint press release […]
FG employs more ways to generate revenue for the country
By Victor Akaa, Abuja The Federal Government has called on Revenue Generating Agencies to step up Strategies to revamp the Nigerian state of economy. The Minister of Finance, Mrs. Zainab Ahmed gave the call in Abuja while briefing newsmen on the current state of economy in the country. The Minister said the Ministry in its […]
Feed on organic processed food to avoid ageing, kidney failure, Dr. EZe advises
By Victor Akaa, Abuja Nigerians have been encouraged to consume organically processed food to reduce the risk of ageing, diabetes, kidney failure, asthma, among other chronic diseases that are prevalent in the country. The Managing Director of Ezey Foods, an agro based organic products in the country Dr. Marcel Eze, stated this at the unveiling […]
ABEF urges African businesses to dive in to the Blue Economy
Africa Blue Economy Forum (ABEF) comes to Tunis on June 25-26; Confirmed speakers include Government ministers and officials from Gabon, Ghana, Morocco, Somaliland, Tunisia and Seychelles; Aims to raise awareness of the economic, social and environmental benefits of the Blue Economy. African businesses are being challenged to wake up to the economic, social and environmental […]
Nigeria generates over $180bn revenue from deep water operations
…Sets to double production in 10 years By Raphael Jov The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has appealed to the corporation’s workforce to support Management in its drive to ensure security of personnel and equipment in all areas of operations. Speaking at the launch of the NNPC […]
NLC warns Ngige
…Want Kokori as new NSITF board chair By Victor Akaa, Abuja The Nigerian Labour Congress has expressed displeasure over the protracted and tactical delay as well as refusal of the Minister of Labour and Employment Dr. Chris Ngige to inaugurate the board of Nigeria Social Insurance Trust Fund (NSITF). The National President of NLC Ayuba […]
FG commits to completion of 2nd Niger Bridge
Vice President Yemi Osinbajo on Friday inspected the onging construction work on the second Niger Bridge in Onitsha and affirmed government’s commitment to early completion of the work. Osinbajo who started the inspection from Asaba axis with Governor Ifanyi Okowa of Delta state, said that the Niger Bridge was very important for the economy of […]
Cash transfer programme beyond 2020 in Kebbi state
By Lazarus Zakaa, Abuja According to the United Nations Children Education Fund (UNICEF), all Children no matter where they live or circumstances have right to education. It is however unimaginable that one in every five of the world’s out of school children is in Nigeria. With the Northern states of Nigeria contributing more of the […]
NNPC saves $2.2bn on petroleum products import through DSDP
…As 132 companies bid for crude, products lifting By Raphael Jov, Abuja The Nigerian National Petroleum Corporation (NNPC) has saved $2.2bn through the Direct-Sale-Direct-Purchase (DSDP) scheme of petroleum products supply since its inception in 2016. This was disclosed by the Group Managing Director of NNPC, Dr. Maikanti Baru, at the public opening of bids for […]