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Inputs in Agriculture to Hit N48trillion by 2030

The plan by the Federal Government to increase inputs in agriculture to enhance capacity utilisation is a welcome development for farmers and stakeholders in the
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"Don’t Tamper with the CBN Autonomy"

The national co-ordinator, Centre for Societal Values and Development, Mr. Silas Udoh, says the autonomy of the Central Bank of Nigeria (CBN) to formulate monetary...
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"The Benefits of the Sovereign Wealth Fund"

Chief Kingsley Ikpe is a former bank chief and chairman of Ithoki Energy Resource. In this interview, the economic consultant speaks on why government can’t...
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Africa Finance Corporation to invest N480bn in sub-Saharan Africa

Africa Finance Corporation (AFC), a Lagos-based development financier, is considering potential investments worth $3 billion across sub-Saharan Africa over the next year, its...
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Banks’ recapitalisation under threat as more merger talks collapse

The recapitalisation process of Deposit Money Banks that failed the Central Bank of Nigeria’s stress test may be under threat, following the inability...
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Nigeria's foreign reserves slip to four-month low

Nigeria's foreign reserves slipped to its lowest level in over four months as it closed last week at $32.575 billion. According to figures...
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NAFDAC impounds N32bn fake products in 30 months

The National Agency for Food and Drug Administration and Control has impounded over N32bn worth of fake food and drugs in the last 30 months,...
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Dangote Sugar Plans Further Acquisition To Boost Investment

The management of Dangote Sugar Refinery Plc has disclosed that it will be involved in various acquisitions in the next few years to boost its...

Blackberry To Be Banned In Nigeria

Blackberry services could be at risk of being banned in the country as a new regulation by the Nigerian Communications Commission, NCC, will run counter...

Dangote Cement factory to commence production August

BY Emmanuel Elebeke Less than one months of the Presidential directive for cement manufacturers in the country to crash the price of their commodity, the new...

Kerosene distribution: Depot, Jetty operators criticize exclusion …

NNPC releases 10,000\MT into market By Clara Nwachukwu Depot and Petroleum Products Marketers Association, DAPPMA, and the Jetty and Petroleum Tank Farm Operators of Nigeria, JEPTFON, have...

Investment value on NSE dips by N85bn

BY MICHAEL EBOH & PROVIDENCE OBUH Investment value on the Nigerian Stock Exchange, NSE, dipped last week by N85.38 billion, as the market capitalization and All-share...

Wema Bank grows shareholder’s funds to N15bn

BY PROVIDENCE OBUH Wema Bank Plc has recorded significant improvement in its financial performance, as its shareholders’ fund rose to N14.837 billion from a negative position...

Noble Extends Footprint in West Africa

Noble has joined a venture that is exploring the AGC Profond block located offshore Senegal and Guinea-Bissau in West Africa. The AGC Profond block, covering more...

IPP: As states and private sector joins in the fray

By  Yemie Adeoye Just a couple of weeks ago,the Lagos State Government commissioned a 10MW Independent Power Plant, which delivered in record time of about 18...

Seven Energy reiterates commitment to Nigeria’s gas resources

By Yemie Adeoye Seven Energy, an indigenous gas focused exploration and production company has reiterated commitment to the development of Nigeria’s huge gas resources, just as...

Accion MFB grows by 22.7%, to introduce ATM cards

By Amaka  Abayomi The chairman of Accion Microfinance Bank, Mr. Patrick Akinwutan, has said that the profit after tax of the bank grew by 22.7 per...

NPDC production hits 102,000 b/d

By Clara Nwachukwu The Nigerian National Petroleum Corporation, NNPC, said crude production at its upstream subsidiary the Nigerian Petroleum Development Company, NPDC, has increased to 90,000...

AfDB launches annual development effectiveness review 2011

The African Development Bank (AfDB) on Friday launched the premier edition of its Annual Development Effec-tiveness Review (ADER), on the sidelines of its Annual Meetings...

LAGOS AIRPORT: Water Main Not Serviced For 33 Years

The Federal Airports Authority of Nigeria, FAAN, has disclosed that the reason the water main at the Murtala Muhammed International Airport in Lagos State, Southwest...

NYSC boss warns contractors over sub-standard kits

By Victoria Ojeme ABUJA- Director-General of the National Youth Service Corps, NYSC, Brigadier-General Maharazu Tsiga, weekend, warned against supply of sub-standard kits for Batch B corpers, insisting...

Coca-Cola holds on to Ogunsanya, Amosun’s Chief of Staff appointee

BY KOLADE LAREWAJU ABEOKUTA-THERE are indications that Coca-Cola International, employers to Mr. Segun Ogunsanya, who was appointed Chief of Staff to Ogun State Governor, Senator Ibikunle...

NIS rakes in N45bn from issuance of e-passport

…arrests 6 suspects for forgery BY VICTORIA OJEME ABUJA-The Nigerian Immigration Service has so far generated N45, 365, 545, 500 from the issuance of  e-passport due to...

‘Nigeria needs inventors to drive economic growth’

By Wale Akinola Federal Government, two months ago, signed a patent for the Business Manager , a resource for entrepreneurs which comes in hard and soft...

The imperatives of maritime ministry, devt bank

By Udeme Clement As the new administration commences, many stakeholders in the maritime industry are calling on President Goodluck Jonathan, to create a maritime ministry and...

Discordant tunes over CBN cash withdrawal policy

By Udeme Clement The cashless policy which the Central Bank of Nigeria (CBN) says begins in June 2012 but has now been brought forward to...

Delisting: NBC increases exit price

BY MICHAEL EBOH Following its planned delisting from the Nigerian Stock Exchange (NSE), Nigerian Bottling Company Plc has increased its exit price to N47 per share,...

Illegal refineries resurface at Mbiama

By Samuel Oyadongha Barely four months after the Joint Task Force on Niger Delta, codenamed Operation Restore Hope, destroyed no fewer than 500 illegal refineries along...

Economics reforms: Experts warns against benchmarking

BY MICHAEL EBOH Following planned reforms in the Nigerian economy and the capital market in particular, the authorities of the market have been cautioned against benchmarking...

Pension sector set to embrace mergers and acquisition

by Rosemary Onuoha Following the directive from the National Pension Commission (PenCom) to Pension Fund Administrators (PFAs) to beef up their capital base, operators in the...

ECOWAS, AFD sign 12m Euros accord to boost food security

Food security and water resources management in West Africa received a major boost with the signing of two grant agreement totalling 12.34 million Euros between...