FMARD to boost output with more gum arabic processing centres
Onome Amuge
August 18, 2021
By Onome Amuge The Federal Ministry of Agriculture and Rural Development (FMARD) is planning to establish two additional gum arabic processing centres in Kano and Borno States this year to enhance processing of the commodity in the world’s third largest producing country, after Sudan and Chad. Karima Babangida, FMARD director, made the disclosure while […]
RMAFC considering N102bn demand by Plateau State for agriculture, solid minerals
Onome AmugeAugust 12, 2021
By Onome Amuge The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has assured the Plateau State government that the N102 billion investment it demanded to facilitate development of its agriculture, solid minerals and tourism sectors would receive the attention it deserves. The commission, led by Yuguda Dubal, its chairman, made the pledge to […]
Nigeria ramps up tax collection with N864.72 in six months
Charles AbuedeAugust 11, 2021
Gets boost from growth in tax collection Nigeria’s tax collection strategy continued to pay off in recent times with a joint report by the National Bureau of Statistics (NBS) and Federal Inland Revenue Service (FIRS) in the first half of the year showing a ramp up in quarterly numbers. For instance, a 17.42 […]
CBN new guidelines for credit coys put minimum capital at N10bn
Charles AbuedeAugust 11, 2021
The Central Bank of Nigeria (CBN), continuing its efforts to improve access to lending for micro, small and medium scale businesses, has developed the draft guidelines that will see to the licensing and regulation of Credit Guaranty Companies (CGCs) in Nigeria. The apex bank in a circular to all banks, other financial institutions and […]
Access to Lagos airport via flyover faces disruption for rehabilitation works
Mike OchonmaAugust 11, 2021
BY MIKE OCHONMA, Transport Editor Traffic diversion to allow for the rehabilitation of the burnt Lagos Airport flyover bridge will begin on Friday, August 13 and end September 22, 2021. The federal controller of works in Lagos, Olukayode Popoola, has announced that traffic diversion to allow for the rehabilitation of the burnt Lagos airport flyover […]
Lagos partners Chronicles Software to launch largest digital classroom in Nigeria
Onome AmugeAugust 10, 2021
By Onome Amuge The Lagos State government in partnership with Chronicles Software Development Company, Nigeria’s leading educational technology company, has launched EkoDigitalSchool.com, a borderless school built on a cloud architecture capable of accommodating two to 10 million students simultaneously. Koyejo Oluwatosin, co-founder, Chronicles Software Development, said the platform, currently Nigeria’s largest digital classroom, is […]
Nigeria earns N1.01trn as VAT in H1’21, new rule pulls N512.25bn in Q2
Charles AbuedeAugust 10, 2021
Nigeria’s sectoral distribution of Value Added Tax (VAT) data recently published by the National Bureau of Statistics (NBS) show that the sum of N512.25 billion was generated as VAT in the second quarter of 2021, rising 3.2 percent on a quarter on quarter comparison, as against the N496.39 billion generated in the first three months […]
NASENI to set up agric institute in Cross River as Buhari gives okay
Onome AmugeAugust 5, 2021
President Muhammadu Buhari has granted approval for the establishment of the Agricultural Equipment and Machinery Development Institute for the South-South geo-political zone in Cross River State. Mohammed Haruna, vice chairman and chief executive officer (CEO), National Agency for Science and Engineering Infrastructure (NASENI), made the confirmation while presenting the approval letter to Governor Ben […]
JP Morgan, Goldman Sachs in as Nigeria names advisors, bookrunners for 2021 Eurobond issuance
Charles AbuedeAugust 5, 2021
Nigeria named its advisors and bookrunners for its 2021 Eurobond issuance and JP Morgan, Goldman Sachs, Citigroup and Standard Chartered will act as transaction advisors to help the country navigate its plans to raise $6.12 billion in foreign currency loans in the second half of 2021. The global investment financial institutions would be supported on […]
Lagos boosts waste management, assembles trucks, bins locally for LAWMA
Onome AmugeAugust 5, 2021
The Lagos State government has ramped up its drive to make the state cleaner by giving a boost to its waste management with the local assembly of trucks and bins used for collection and disposal of waste in the state. Governor Babajide Sanwo-olu has already launched for use 102 of the locally assembled trucks and […]