Pressures from bread, cereals, potatoes, yam, meat, fish, fruits, oils, fats prices push Nigeria’s inflation to 2 year high
Charles Abuede
October 16, 2020
Charles Abuede Food, core inflation indexes rise by 16.66 and 10.58 per cents Lowest records in all items inflation found in Lagos, Abuja and Kwara Nigeria’s headline inflation rose by 1.48 per cent in September 2020 to hit 13.71 per cent from 13.22 per cent recorded in August and indicating 49 basis points increase from […]
LEARS employs USSD to provide ease of access, says Visual Earth’s Allo
Saviour AdugbaOctober 14, 2020
Saviour Adugba Nicholas Allo, director of Visual Earth, the organisation that partnered with the University of Texas to deliver the Lagos State Emergency and Accident Reporting Services (LEARS), has told Business A.M. that his organisation decided to make use of Unstructured Supplementary Service Data (USSD) for the technology being deployed by LASAMBUS because it wants […]
By deploying LEARS, we aim to achieve quicker response time, says LASAMBUS director, Kola-Korolo
Aderemi OjekunleOctober 14, 2020
Saviour Adugba Available on USSD string *568*767# Lagosians can download LEARS app from Apple App Store or Google Play Store. Olusegun Kola-Korolo, the director of the Lagos State Ambulance Service (LASAMBUS) has stated that the emergency services provider is looking to achieve a quicker response time with the deployment of the Lagos State Emergency & […]
Cross River bets on world’s $928bn renewable energy market with W2W pilot project
BEN EGUZOZIEOctober 14, 2020
Ben Eguzozie, in Port Harcourt Cross River is betting on the renewable energy initiative with a global market worth of $928.0 billion as of 2017. It is the way being taken by most serious governments around the world to improve their energy mix. Checks said renewable energy market size is expected to reach $1.512 trillion […]
Belgian maritime company, Antwerp Port, eyes Cross River’s $2bn Bakassi deep seaport project
BEN EGUZOZIEOctober 14, 2020
Ben Eguzozie, in Port Harcourt Cross River governor, Ben Ayade’s dream of actualizing a deep seaport at Bakassi, which cost has been put at $2 billion may be gradually attaining reality, with the expression of interest made on the project by Antwerp Ports International of Belgium. Stefan Cassimon, the port director of Antwerp Ports International, […]
Nigeria manufacturers’ export group demands payment of N200bn outstanding EEG debt
Onome AmugeOctober 12, 2020
Onome Amuge The Manufacturers Association of Nigeria Export Promotion Group (MANEG) has charged the federal government to pay the outstanding Export Expansion Grant (EEG) debt amounting to N200 billion to revitalise the non-oil export sector. Ede Dafinone, chairman, MANEG, who spoke on behalf of the exporters said companies that exported different kinds of products or […]
N5bn UNN fundraiser targets infrastructure as Peter Obi, businessman former governor, spearheads drive
Onome AmugeOctober 9, 2020
Onome Amuge A N5 billion fundraiser by Nigeria’s premier indigenous university, University of Nigeria, with two major campuses at Nsukka and Enugu in Enugu State, south eastern Nigeria, is targeting tackling the state of infrastructure at the university. The development fund raising campaign is been spearheaded by Peter Obi, a businessman and the immediate past […]
Nigeria President Buhari presents N13.08trn national budget for 2021
Charles AbuedeOctober 8, 2020
Charles Abuede Nigeria President Buhari presents N13.08trn national budget for 2021 Capital expenditure aggregated at N3.85trn While non-debt recurrent expenditure stands at N5.65 trn Nigeria’s President Muhammadu Buhari, on Thursday, appeared before the joint session of the National Assembly for the presentation of the proposed 2021 national budget of N13.08 trillion. The proposed budget, which […]
Amaechi ‘replies’ Wike on ‘white elephant projects’ saga
BEN EGUZOZIEOctober 8, 2020
Ben Eguzozie, in Port Harcourt Nigeria’s transport minister’s proxy defends himself over ‘dud’ projects accusation Lists 13 projects worth billions of naira he attracted to Niger Delta Says he’s architect of N78.9bn FG refund to Rivers, others Rotimi Amaechi, Nigeria’s minister of transportation and former governor of Rivers State, has chosen to reply the incumbent […]
Nigeria’s sub-national states see internal revenue fall 11.7% to N612.87bn in H1’20 on low tax remittance
Aderemi OjekunleOctober 7, 2020
Charles Abuede Nigeria’s 36 sub-national states and its federal capital territory (FCT) saw their total internally generated revenue (IGR) fall by 11.7 percent to N612.87 billion in the first six months of 2020 compared to N693.91billion recorded in 2019, recently published data by the National Bureau of Statistics on IGR at state level, has […]