Amid the lingering crisis between farmers and herders across the country, President Bola Tinubu has announced the creation of a Federal Minister of Livestock Development. Tinubu inaugurated the Renewed Hope Livestock Reforms Implementation Committee at the State House, Abuja, on Tuesday, 9 July, 2024. Recall that on September 14, 2023, the National Livestock Reforms Committee …read more →
News & Reports
Access Holdings’ Shareholders Pledge Overwhelming Support for Rights Issue
Shareholders of Access Holdings PLC have expressed overwhelming confidence in the company’s growth strategy and pledged their support for the ongoing N351 billion rights issue. This, they did, at the recent “Facts Behind the Rights Issue” presentation held at the Nigerian Exchange (NGX) office in Lagos. The shareholders praised Access Holdings for its impressive track …read more →
FG Cancels Import Duties on Food for 5 Months
The Federal Government, on Monday, announced a 150-day duty-free import window for food commodities as it stepped up efforts to tackle rising inflation which had impoverished many Nigerians. The government also expressed its decision to collaborate with states to expand land cultivation across the country. Consequently, the government suspended duties, tariffs and taxes for the …read more →
Nigeria’s Debt-to-GDP Within World Bank/IMF Ceiling, Says DMO
The Debt Management Office (DMO), says Nigeria’s debt-to- Gross Domestic Product (GDP) – debt-to-GDP- ratio is within the specifications of the World Bank and International Monetary Fund (IMF) for the country’s peer group. The Director-General of the DMO, Patience Oniha, said this in an interview on Tuesday in Abuja. Oniha was reacting to some media …read more →
World Bank appoints Ndiamé Diop as Country Director for Nigeria
The World Bank has appointed Dr Ndiamé Diop as the new Country Director for Nigeria, a statement by the Bank has said. In a statement, the Bank revealed that Diop assumed his new position in Abuja on Monday and succeeded Shubham Chaudhuri, who completed his term in the same capacity. It said in his new position, …read more →
Gov Oyebanji Inaugurates A-Bamisil Palm kernel Crushing Plant in Ekiti
Governor Biodun Oyebanji of Ekiti on Friday, inaugurated A-Bamisil, a privately owned 200 metric tons per day capacity palm kernel oil (PKO) crushing plant to reduce unemployment, hunger and poverty in the state. Oyebanji, while inaugurating the A-Bamisil Palm kernel Crushing Plant located along Ijan road in Ado-Ekiti, promised that his administration would play a …read more →
Obasanjo Unveils Book on How Soludo’s Engineered Consolidation Transformed Nigerian Banks
Former President Olusegun Obasanjo, on Saturday, unveiled a book on how the Soludo-engineered consolidation transformed Nigerian banks. Obasanjo, who was represented by a former Cross River State Governor, Donald Duke, at the unveiling of the book written by the Chief Executive Officer of Centre for Financial Journalism, Dr Ray Echebiri. The title of the book …read more →
ACT Foundation Opens Applications for Changemakers Innovation Challenge 2024
Aspire Coronation Trust (ACT) Foundation has announced the opening of applications for the 2024 Changemakers Innovation Challenge. Themed The theme for this year’s Changemakers Innovation Challenge is “Driving Change With Digital Innovation,” this initiative seeks to empower community non-profit organisations and social enterprises that utilise technological advancements to create grassroots impact and enhance the lives …read more →
Nigerian Banks Launch N1 tn Recapitalization Effort Amid Regulatory Push
The banking sector in Nigeria is poised for significant changes as four commercial banks move to raise over N1 trillion in the initial phase of a recapitalization drive aimed at strengthening their financial positions. Fidelity Bank Plc, Access Holdings Plc, Guaranty Trust Holding Company (GTCO) Plc, and FCMB Group Plc are leading the charge to …read more →
NNPC Commissions 12 CNG Stations, to Build Three LNG Stations, 100 CNG Sites
The Group Chief Executive Officer of NNPC Limited Mallam Mele Kyari has declared that the drive to bring Compressed Natural Gas (CNG) closer to Nigerians has since commenced and is irreversible. Kyari, who disclosed this on Thursday during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos, said in addition to the massive …read more →