Nigeria’s finance minister seeks IITA collaboration for agric programme

Businessam StaffJune 19, 2017

Kemi Adeosun, Nigeria’s finance minister has moved for collaboration between the International Institute of Tropical Agriculture (IITA) and government to rollout a national youth agric programme for the country. Adeosun, said in Ibadan recently that the country will benefit by signing up for the African Development Bank funded Empowering Novel Agri-Business-Led Employment Youth Program (ENABLE […]

Kebbi, Cross River, Borno lead states with high cost of cooking gas (LPG)

Niyi JacobsJune 19, 2017

A National Bureau of Statistics (NBS) report has revealed that Kebbi state has the highest cost of cooking gas in the country with average refilling cost of N5,375 per 12.5kg cylinder followed by Cross River (N5,330) and Borno (N5,300). The statistics agency also said the cost of refill within the months of April and May […]

FG spends N3.7bn to feed 1.2 million pupils

Obodo EjiroJune 12, 2017

The Senior Special Assistant to the Acting President, Laolu Akande has revealed that the Federal Government (FG) has released N3.77 billion for the feeding of 1,287,270 school children in nine states under the HomeGrown School Feeding Programme. According to Akande, nine states including Anambra, Enugu, Oyo, Osun, Ogun, Ebonyi, Zamfara, Delta and Abia, have received […]

Senate passes 96 bills, 72 petitions in two years

Obodo EjiroJune 9, 2017

Senate President, Bukola Saraki has said that the 8th Senate passed 96 Bills and 72 petitions from its inauguration in 2015 to June, 2017. He made this known at a special session to mark the second anniversary of the 8th Senate in Abuja on Friday. Saraki said that the passage of the bills and petitions […]

Presidency may sign 2017 budget into law this week

Niyi JacobsJune 9, 2017

Yemi Osinbajo, Nigeria Acting President

Nigeria’s presidency is expected to sign the 2017 budget into law next week, Yakubu Dogara, speaker House of Representatives, and two presidency sources said on Friday. The record N7.44 trillion  budget passed by parliament on May 11, 2017 was larger than the N7.298 trillion draft spending plan submitted by President Mohammadu Buhari in December. Nigerians expects much […]

No hike in fuel price, PPPRA confirms

Businessam StaffJune 6, 2017

The Federal Government on Tuesday urged Nigerians to ignore speculations making the rounds that it was planning to raise the pump price of petrol by N5. Petrol price currently stands at N145 per litre in all filling stations across the country. At the inception of the present administration, the price was adjusted from N86.50 per […]

Nigeria’s senate seeks N5 tax on a litre of petrol

Businessam StaffJune 1, 2017

A Senate panel Thursday recommended a five-naira tax on any litre of petroleum products purchased by Nigerians to fund the proposed National Roads Fund. The tax, which is contained in a bill entitled “National Roads Bill”, will compel motorists to pay N5 on each litre of ‎petrol and diesel purchased. By implication, the bill will […]

U.S gov’t partners Lagos state on ports administration

Businessam StaffJune 1, 2017

The United States of America Government on Thursday indicated its readiness to facilitate and develop trade, investment, commercial ties and technical exchange with the Lagos State Government. Audrey Edmonson, the Commissioner, Miami-Dade County of Florida, made this known in Lagos. Edmonson spoke when she led the U.S Trade Facilitation Group on a courtesy visit to […]

FG to set up vaccines joint venture with May & Baker

Businessam StaffMay 31, 2017

Nigeria’s cabinet approved on Wednesday a plan to set up a joint venture with pharmaceutical firm May & Baker Nigeria Plc to produce vaccines, the health minister said. The company will have an initial capital of 100 million naira ($328,515). Shares in May & Baker rose nearly 5 percent on the Nigerian bourse after the […]