NASENI to set up agric institute in Cross River as Buhari gives okay
Onome Amuge
August 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 […]
Nigeria’s sovereign wealth managers to pay Chinese firm $200m over Mambilla power project
Charles AbuedeAugust 4, 2021
NSIA looks for money in its funds pile Nigeria’s sovereign wealth managers, Nigerian Sovereign Investment Authority (NSIA), has begun putting together its funds management thinking cap to raise $200 million to settle the Chinese firm that won an arbitration against Nigeria over an initial $5 billion Mambilla power project. The hunt for the […]
MPB settles 2-year outstanding military gratuity
Chris IkosaAugust 3, 2021
The Military Pensions Board (MPB) in Nigeria says it has paid all outstanding shortfalls of pensioners’ gratuities between April 2019 and May 2021 to personnel who were either retired or discharged. This was contained in a statement signed by O. Lawal, a flight lieutenant and public relations officer, on behalf of the chairman MPB, Saburi […]
Nigeria targets N250bn lottery industry in new revenue drive
Charles AbuedeJuly 29, 2021
To acquire CMS to wedge revenue leakages from lottery business Says Nigerian gaming market grossed N250bn in 2019 with FG receiving N1bn as revenue Nigeria is targeting its growing lottery industry, which is conservatively estimated to be worth N250 billion in revenues, in its continuous drive to plug what it has called leakages in […]
Imo moves to revive moribund Nekede wildlife park
Dikachi FranklinJuly 28, 2021
By Dikachi Franklin, in Owerri 500 different animals in stock A campaign aimed at creating a thorough public awareness for the Imo State Zoological and Wildlife Park at Nekede, Owerri West Local Government Area, Imo State, has begun as the ministry of tourism has flagged off a multimedia awareness campaign for the park. […]
IMF keeps Nigeria’s GDP growth forecast at 2.5% in 2021, 2.6% in 2022
Chris IkosaJuly 28, 2021
Policy efforts from countries to drive recovery amid pandemic The International Monetary Fund (IMF) has maintained that Nigeria continues to hold the prospects of growing its gross domestic products (GDP) at 2.5 percent this year and 2.6 percent in 2022. In its July World Economic Forecast titled, ‘Fault Lines Widen in the Global […]
How Ogoni youths shutdown East-West Road over neglect of 675km highway
Ben EguzozieJuly 28, 2021
N720bn road uncompleted after nearly two decades Road leads to Nigeria’s oil & gas plants Several hundreds of youths from the Ogoni Youth Federation (OYF) recently blocked the Eleme-Onne axis of the 675 km East-West Road (EWR) in a peaceful protest against what they termed the federal government’s neglect of that axis of […]
Lagos Revenue Service says 35% of companies evade tax
Onome AmugeJuly 20, 2021
Less than 65 percent of corporate organisations operating in Lagos state have paid their taxes, while many of them operate without any tax remittance to the government. Seyi Alade, director of legal services, Lagos Internal Revenue Service (LIRS), made the disclosure during the agency’s state-wide sealing of companies and hospitality firms over unpaid consumption taxes. […]