Sirika gives multiple assurances govt to keep off national carrier
Sade Williams
April 5, 2022
BY Sade Williams/Business a.m. Hadi Sirika, a former senator and Nigeria’s current minister of aviation, took the opportunity offered by the ongoing World Government Summit (WDS) in Dubai to offer multiple assurances that the government will keep its hands off the new national airline being planned by the government. There have been outcries of ‘here […]
Anchor Borrowers Programme: Stakeholders seek new FMARD home over CBN’s dominance
Onome AmugeApril 4, 2022
BY ONOME AMUGE The Central Bank of Nigeria (CBN), according to the amended CBN Act of 2007 as derived from the 1958 Act of Parliament, is entrusted with the overall control and administration of the monetary and financial sector policies of the federal government. Thus, the apex bank is saddled with diversified objectives, with the […]
ABCON intensifies pushback lobby to get members on CBN’s FX framework
Charles AbuedeApril 4, 2022
BY CHARLES ABUEDE The Association of Bureau De Change Operators of Nigeria (ABCON) has intensified its lobby to get its members back on the mainstream of Nigeria’s foreign exchange demand and supply framework, offering a strong analytical pushback on how the Naira has yo-yoed in value without their active involvement in the official template. ABCON’s […]
FTAN seeks to create jobs, raise states’ IGR working with investors
Businessam StaffMarch 21, 2022
BY: Dikachi Elemba, in Owerri The Federation of Tourism Association of Nigeria (FTAN) says that it is collaborating with investors in the tourism and hospitality industry to tackle issues of unemployment through creating job opportunities and raising internally generated revenue (IGR) for the 36 states in the country and Abuja. Ogunyemi Odunayo, vice president, FTAN, […]
AfDB unveils $1bn plan to avert food crisis in Africa
Onome AmugeMarch 21, 2022
BY: OMOME AMUGE The African Development Bank (AfDB) is to raise as much as $1 billion to enhance wheat production in Africa and avert imminent food shortages arising from the Russia-Ukraine war. Akinwumi Adesina, the AfDB President, explained that the continent’s biggest multilateral lender is raising the funds to help 40 million African farmers utilise […]
Ganduje steps into KACCIMA leadership crisis, appoints caretaker committee
Businessam StaffMarch 17, 2022
BY: Adeola Ajakaiye, in Kano. Governor Abdullahi Ganduje took action on the lingering leadership crisis in the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) by approving the immediate dissolution of the executive committee. Usman Alhaji, secretary to the Kano State government, in a statement, said that it had become necessary to take the […]
Radical reforms sought for Anchor Borrowers Programme
Onome AmugeMarch 17, 2022
BY: ONOME AMUGE Fundamental radical reforms are being canvassed for President Muhammadu Buhari administration’s flagship agriculture intervention initiative, the Anchor Borrowers Programme (ABP). The canvassers, short of calling the programme dodgy, said it has actually left out a lot of farmers in its coverage. The Group (NABG), which is calling for ABP’s radical reform, urged […]
Nigeria’s FIRS grants concession to foreign currency tax debtors
Onome AmugeMarch 9, 2022
The Federal Inland Revenue Service (FIRS) has offered taxpayers with outstanding foreign currency tax liabilities a one-month window to settle such liabilities in naira payment with effect from March 1 to March 31, 2022 . Muhammad Nami, the FIRS executive chairman, who disclosed this in a public notice, clarified that the concession was a one-off […]
Lagos parking agency, LASPA, out with parking violations, offences
Mike OchonmaMarch 4, 2022
BY: MIKE OCHONMA The newly created Lagos State Parking Authority (LASPA) has rolled out plans on how to tackle indiscriminate parking by vehicle owners on the streets of Lagos, while also listing various parking violations and offences henceforth in the state. Speaking at a parley with journalists in Lagos recently, Adebisi Adelabu, general manager of […]
Lafarge Africa posts muted top line growth as revenue grew 8.3% y/y to N230.6bn amid increased construction activities in Nigeria
Charles AbuedeMarch 25, 2021
Charles Abuede Lafarge Africa, a leading cement manufacturer in Africa has reported relatively weak revenue numbers for the full year 2020. The company grew its revenue by 8.3 per cent year on year to N230.6 billion. Also, it reported that its net profit after tax climbed 98.8 per cent year on year to N30.8 billion in […]