Unpaid contractors to shut down Agric ministry over N16bn fraud
Unpaid contractors to shut down Agric ministry over N16bn fraud
Published 12/4/2020 in Nigeria
Africa-Press - Nigeria. A group of government Contractors, under the aegis of ‘Concerned Unpaid Contractors 2018 of the Federal Ministry of Agriculture and Rural Development’, on Thursday staged a peaceful protest and barricaded the Headquarters of the Federal Ministry of Finance, Abuja to demand their unpaid contract funds by the Federal Ministry of Agriculture and Rural Development. The...read more ❯
Oil prices rise after OPEC+ approves output deal, Bonny Light adds $0.20
Oil prices rise after OPEC+ approves output deal, Bonny Light adds $0.20
Published 12/4/2020 in Nigeria
Africa-Press - Nigeria. Oil prices advanced by nearly 2% on Friday, approaching a fifth successive week of gains, with key producers consenting on a compromise to extend some cuts to supply in a bid to adapt to a demand weakened by COVID-19. Brent, the benchmark for Nigerian crude grades, climbed by 93 cents or 1.9% to $49.64 per barrel by 08:48 West African Time, having risen by roughly 1% at...read more ❯
CBN bills launched to improve liquidity in commercial banks
CBN bills launched to improve liquidity in commercial banks
Published 12/3/2020 in Nigeria
Africa-Press - Nigeria. The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN bills will equally “avail the monetary authority with an additional liquidity management tool,” said the CBN Wednesday in a statement on its website endorsed by Bello Hassan, its director of banking...read more ❯
Oil prices drop as OPEC+ resumes supply cut talks, Bonny Light gains $1.01
Oil prices drop as OPEC+ resumes supply cut talks, Bonny Light gains $1.01
Published 12/3/2020 in Nigeria
Africa-Press - Nigeria. Oil prices dropped on Thursday as producers comprising Saudi Arabia and Russia deliberated over the necessity of prolonging current output cuts introduced during the first wave of the coronavirus outbreak. Brent crude, the benchmark for Nigerian oil grades, slipped by 26 cents or 0.54% to $47.99 per barrel at 10:50 West Africa Time, having risen by 1.08% on Wednesday....read more ❯
Tax waivers window closes December 31 – FIRS
Tax waivers window closes December 31 – FIRS
Published 12/2/2020 in Nigeria
Africa-Press - Nigeria. The Federal Inland Revenue Service (FIRS) says the waivers of penalties and interest on outstanding taxes from desk examinations, audit exercises, investigations or all other forms of tax assessment will be concluded on December 31, this year. FIRS appealed to taxpayers in Nigeria to capitalize on the opportunity provided by the remaining days to settle their tax...read more ❯
Oil prices dip, but UK’s vaccine approval moderates losses; Bonny Light sheds $0.06
Oil prices dip, but UK’s vaccine approval moderates losses; Bonny Light sheds $0.06
Published 12/2/2020 in Nigeria
Africa-Press - Nigeria. Oil prices edged lower in early trading on Tuesday but later scaled some of the losses after reports that the United Kingdom had emerged the first nation to endorse a COVID-19 vaccine for use, with roll-out planned for next week. Before the news broke, oil prices had been impacted by a larger-than-expected surge in crude stockpiles in the U.S. and as the Organisation of...read more ❯
Naira gains on parallel market after CBN’s policy shift on foreign remittances
Naira gains on parallel market after CBN’s policy shift on foreign remittances
Published 12/2/2020 in Nigeria
Africa-Press - Nigeria. Naira strengthened on black market on Tuesday, exchanging at N490 for the United States dollar, following an announcement of the Central Bank of Nigeria (CBN), permitting recipients of diaspora remittances to receive their funds in a foreign currency. A Monday circular by the regulator said beneficiaries receiving money from abroad through international money transfer...read more ❯
Reps accuse NLNG of secrecy, hiding vital documents during investigation
Reps accuse NLNG of secrecy, hiding vital documents during investigation
Published 12/2/2020 in Nigeria
Africa-Press - Nigeria. The House of Representatives has accused the General Manager, External Relations and Sustainable Development of NLNG, Eyono Fatayi Williams, and her management team of withholding vital documents on the LNG Train 7 project. Hon. Jarigbe Agom Jarigbe, the Chairman of the House Ad-hoc Committee, investigating the Nigeria LNG Train 7 project made the claim at the rescheduled...read more ❯
N-Power: Buhari orders increase of beneficiaries from 500,000 to 1m
N-Power: Buhari orders increase of beneficiaries from 500,000 to 1m
Published 12/1/2020 in Nigeria
Africa-Press - Nigeria. President Muhammadu Buhari has directed an increase in the number of N-Power beneficiaries. Buhari ordered the Ministry of Humanitarian Affairs, Disaster Management and Social Development to increase N-Power beneficiaries from 500, 000 to 1,000,000. Disclosing this on Monday, the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq,...read more ❯
IPOB denies involvement in explosion at Wike father’s church
IPOB denies involvement in explosion at Wike father’s church
Published 12/1/2020 in Nigeria
Africa-Press - Nigeria. The Indigenous Peoples of Biafra (IPOB), has denied involvement in the explosion that rocked a church said to be owned by the father of Rivers State governor, Chief Nyesom Wike, in Port Harcourt. About five youths had invaded the church identified as Christain Universal Church International in Port Harcourt and detonated an explosive suspected to be dynamite, on Saturday...read more ❯
NNPC to offer free auto conversion services as govt launches gas expansion programme
NNPC to offer free auto conversion services as govt launches gas expansion programme
Published 12/1/2020 in Nigeria
Africa-Press - Nigeria. The Nigerian government Tuesday rolled out the national gas expansion programme, which sought to deepen the penetration of gas an alternative to petrol, with the Nigerian National Petroleum Corporation (NNPC) promising free petrol-to-gas conversion in some designated NNPC retail filling stations. President Muhammadu Buhari conducted the rollout ceremony virtually in Abuja...read more ❯
Nigeria seeks to halt OPEC’s planned output cut, as revenue dwindles
Nigeria seeks to halt OPEC’s planned output cut, as revenue dwindles
Published 11/30/2020 in Nigeria
Africa-Press - Nigeria. Nigeria has enjoined the Organisation of the Petroleum Exporting Countries (OPEC) to rethink the consequences of deep production cuts on member countries as OPEC and allies led by Russia prepare for a formal meeting this week, report obtained from energy and commodities intelligence firm, S&P Global Platts, on Monday showed. “On the peculiar challenges facing the...read more ❯
FCMB’s 9-month profit up by 29%, boosted by higher turnover
FCMB’s 9-month profit up by 29%, boosted by higher turnover
Published 11/30/2020 in Nigeria
Africa-Press - Nigeria. FCMB Group Plc said its after-tax profit for the 9-month period to September grew by 29%, relative to the same period of last year as improvement in gross earnings strengthened gains. The tier-2 lender disclosed in its interim financial statements for the period under review, obtained from the Nigerian Stock Exchange (NSE) website on Monday that gross earnings scaled up...read more ❯
ECONOMY: We cannot borrow our way out of our situation —Obi
ECONOMY: We cannot borrow our way out of our situation —Obi
Published 11/30/2020 in Nigeria
Africa-Press - Nigeria. Former Anambra State Governor, Peter Obi, has advised the President Muhammadu Buhari-led administration to reduce its borrowing as Nigeria cannot afford to borrow its way out of its current economic situation. Obi, a former Vice Presidential candidate of the Peoples Democratic Party (PDP), in the 2019 general elections, who wrote on his official Twitter Handle, @PeterObi,...read more ❯
Nigeria’s rural-urban housing deficit still very high – Real estate experts
Nigeria’s rural-urban housing deficit still very high – Real estate experts
Published 11/30/2020 in Nigeria
Africa-Press - Nigeria. Real estate experts in Nigeria have tasked the Federal Government to explore options of investing in rural-urban housing development to support the nation’s economic growth. The developers say if Nigeria must succeed in its quest to reverse the current recession, then the government must make deliberate efforts to revive housing development as it does not require long...read more ❯
Nigerian govt enters pact with Luxembourg miner to produce gold
Nigerian govt enters pact with Luxembourg miner to produce gold
Published 11/29/2020 in Nigeria
Africa-Press - Nigeria. Nigeria has brokered a deal with La Mancha Resources Inc., a Luxembourg-incorporated private gold developer and miner, to produce the metal on a commercial scale in Nigeria. The Nigerian government announced via a post on Saturday through its Twitter handle – @NigeriaGov – that Minister of State for Mining Uchechukwu Sampson Ogah – endorsed the expression of...read more ❯
Nigeria thrown into total darkness as national grid collapses
Nigeria thrown into total darkness as national grid collapses
Published 11/29/2020 in Nigeria
Africa-Press - Nigeria. Nigeria has been plunged into total blackout following the collapse of the nation’s power grid. The power grid was said to have collapsed in the early hours of Sunday. Eko Electricity Distribution Company, confirmed the collapse of the national grid collapse on Sunday via its Twitter handle. It explained that the current power outage was due to system collapse on the...read more ❯
CBN devalues Naira, fixes dollar sale at N392
CBN devalues Naira, fixes dollar sale at N392
Published 11/28/2020 in Nigeria
Africa-Press - Nigeria. The Central Bank of Nigeria (CBN) has devalued the Naira by N6 to Dollar. This brings the Naira closer to the exchange rate unification policy recommended by the International Monetary Fund (IMF) and the World Bank. In a weekly update for International Money Transfer Service Operators (IMTOs), Bureau De Change (BDC) Operators and Service Providers were instructed to add...read more ❯
Nigeria’s forex reserves enough to meet seven-month import needs –Emefiele
Nigeria’s forex reserves enough to meet seven-month import needs –Emefiele
Published 11/28/2020 in Nigeria
Africa-Press - Nigeria. Nigeria’s foreign exchange reserves, which come to $35.4 billion, are adequate to meet import needs and services for seven months, Godwin Emefiele, the Central Bank of Nigeria (CBN) chief told bankers Friday night. Emefiele said in Lagos at a dinner arranged by the Chartered Institute of Bankers of Nigeria that the twin factors of foreign portfolio investors exit from...read more ❯
Nigeria losing daily share of African market due to border closure —MAN
Nigeria losing daily share of African market due to border closure —MAN
Published 11/28/2020 in Nigeria
Africa-Press - Nigeria. The Manufacturers Association of Nigeria (MAN) Friday said members were losing their share of the African manufacturing industry to other countries on the continent on a daily basis on account of closure of Nigerian land borders. MAN president, Mansur Ahmed, disclosed in a statement titled ‘MAN’s Position on the Reopening of Land Border Closure’, that key producers...read more ❯
Stanbic IBTC branches out into insurance business
Stanbic IBTC branches out into insurance business
Published 11/27/2020 in Nigeria
Africa-Press - Nigeria. Stanbic IBTC Holdings Plc Friday said it now had in place the go-ahead of regulatory authorities to complete a diversification process that would birth a new subsidiary in the insurance market. The National Insurance Commission, watchdog for the insurance industry in Africa’s biggest economy, has also bestowed its blessing on Stanbic IBTC’s bid by handing out a...read more ❯
Nigerian govt in last phase of securing $1.5bn World Bank loan –Finance Minister
Nigerian govt in last phase of securing $1.5bn World Bank loan –Finance Minister
Published 11/27/2020 in Nigeria
Africa-Press - Nigeria. The Nigerian government has met the precedent conditions for a $1.5 billion budget-support credit from the World Bank and, in so doing, approaches the consummation of the deal, said Minister of Finance and Budget Planning Zainab Ahmed. The board of the Bretton Woods Institution will hold talks on the loan request at its next meeting where a decision to grant facility will...read more ❯
Why we deliberately shut down Nigeria’s refineries — NNPC
Why we deliberately shut down Nigeria’s refineries — NNPC
Published 11/27/2020 in Nigeria
Africa-Press - Nigeria. The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, on Thursday, said the corporation deliberately shut down the nation’s refineries because they no longer make sense to be operated. The GMD disclosed this when he appeared before the House of Representatives Committee on Petroleum Upstream in Abuja. He said that the NNPC was...read more ❯
Nigeria could save $5bn annually from local refining –Waltersmith
Nigeria could save $5bn annually from local refining –Waltersmith
Published 11/26/2020 in Nigeria
Africa-Press - Nigeria. Africa’s biggest oil producer could save about $5 billion in foreign exchange every year via increasing local capacity for refining, energy firm Waltersmith Group has said. Waltersmith, whose 5,000 barrels per day (bpd) refinery launched on Tuesday, said in a statement that Nigeria’s daily oil consumption came to 300,000 barrels, whereas its output was 5.6 times...read more ❯
Lawmakers approve Buhari’s request to refund five states N148.14bn
Lawmakers approve Buhari’s request to refund five states N148.14bn
Published 11/26/2020 in Nigeria
Africa-Press - Nigeria. The House of Representatives on Wednesday approved a request by President Muhammadu Buhari for the refund of N148.14 billion to five states in the country. The House gave the approval during plenary, in concurrence to an earlier approval granted on Tuesday by the Senate for a refund of money spent on projects by the states on behalf of the Federal Government. The House...read more ❯
Recession: Nigeria collapsing – Afenifere
Recession: Nigeria collapsing – Afenifere
Published 11/26/2020 in Nigeria
Africa-Press - Nigeria. The Pan-Yoruba Socio-Political group, Afenifere has again raised the alarm that Nigeria is on the brink of imminent collapse. The group stated this during its national leadership caucus meeting held at the country home of its Leader, Pa Reuben Fasoranti in Akure, the Ondo State capital. According to Afenifere in a communiqué issued at the end of the meeting, the country...read more ❯
Total credit to economy rises by N290bn to N19.54tn
Total credit to economy rises by N290bn to N19.54tn
Published 11/25/2020 in Nigeria
Africa-Press - Nigeria. The total credit granted by lenders to support the economy from the end of August to 13th November advanced from N19.33 trillion to N19.54 trillion, equivalent to 1.01% growth, the Central Bank of Nigeria (CBN) said on Tuesday. CBN Governor Godwin Emefiele disclosed at a media briefing in Abuja that the regulator’s stance on Loan-to-Deposit Ratio (LDR) for banks...read more ❯
Black market is shallow, can’t dictate naira rate –Emefiele
Black market is shallow, can’t dictate naira rate –Emefiele
Published 11/25/2020 in Nigeria
Africa-Press - Nigeria. Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele, the Central Bank of Nigeria (CBN) said on Tuesday. “We do not agree that the determining factor for our currency should be based on a market that is tainted, where people go to offer bribes,” the...read more ❯
Amid recession Nigeria’s economy doing better than others —Lai Mohammed
Amid recession Nigeria’s economy doing better than others —Lai Mohammed
Published 11/25/2020 in Nigeria
Africa-Press - Nigeria. As Nigerians continue to lament over the current recession in the country, the Minister of Information and Culture, Lai Mohammed, has reacted to the situation. He said amid the recession, that Nigeria’s economy was doing well compared to the economies of other countries also in recession. Mohammed blammed the current recession on the global collapse in oil prices due...read more ❯
Naira depreciates against dollar at I&E window amid fall in forex supply
Naira depreciates against dollar at I&E window amid fall in forex supply
Published 11/24/2020 in Nigeria
Africa-Press - Nigeria. Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex window, closing at 386. It translated to a 0.04% or 17 kobo drop from the rate of exchange at the close of trade on Friday, which was 385.83. The local currency hit an intraday low of 394.83...read more ❯
OPEC forecasts 6.2m bpd rise in 2021 global oil demand
OPEC forecasts 6.2m bpd rise in 2021 global oil demand
Published 11/24/2020 in Nigeria
Africa-Press - Nigeria. Global oil demand will scale up by 6.2 million barrels per day (mbpd) per day next year as national economies gradually find recovery from the headwinds of the coronavirus outbreak, the Organisation of the Petroleum Exporting Countries (OPEC) said on Monday. “Our OPEC outlook for 2020 oil demand is now slightly above 90 million bpd. “This represents a sharp decline...read more ❯
CBN MPC holds interest rate at 11.5%, retains other parameters to sustain growth
CBN MPC holds interest rate at 11.5%, retains other parameters to sustain growth
Published 11/24/2020 in Nigeria
Africa-Press - Nigeria. The Central Bank Nigeria (CBN), rising from its 276th Monetary Policy Committee (MPC) meeting on Tuesday, retained the benchmark interest rate, at which it lends to commercial, at 11.75%, while also holding other key monetary policy parameters to support growth as the Nigerian economy seeks the way out of recession. In September when it last met, the MPC had undertook a...read more ❯
Why Katsina records low IGR – Revenue agency
Why Katsina records low IGR – Revenue agency
Published 11/22/2020 in Nigeria
Africa-Press - Nigeria. The Chairman of the Katsina State Boards of Internal Revenue (SBIR), Alhaji Aminu Darabati Abdulmuminu, on Saturday explained why the state is rated among the poorest in Nigeria on revenue generation. Abdulmuminu, who addressed journalists at the Government House in Katsina, said the absence of a uniform process hampered revenue collection efforts in the state. READ...read more ❯
Recession: Cut cost of governance – SERAP gives Buhari ultimatum
Recession: Cut cost of governance – SERAP gives Buhari ultimatum
Published 11/22/2020 in Nigeria
Africa-Press - Nigeria. The Socio-Economic Rights and Accountability Project (SERAP) has warned President Muhammadu Buhari to cut immediately the cost of governance in Nigeria. Africa’s biggest economy has entered another recession, the worst in decades. The rights group, in reaction, told Buhari to put the country’s resources at the service of the masses to enable them enjoy a good...read more ❯
NNPC reveals only way to solve Nigeria’s electricity problem
NNPC reveals only way to solve Nigeria’s electricity problem
Published 11/21/2020 in Nigeria
Africa-Press - Nigeria. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has disclosed how Nigeria can solve problem of electricity. Kyari speaking at a media interactive session with National Association of Energy Correspondents in Abuja, on Friday, said gas will help the country out of its major challenge of electricity. He revealed that NNPC’s...read more ❯
National Assembly to pass 2021 budget in December – Senate President, Lawan
National Assembly to pass 2021 budget in December – Senate President, Lawan
Published 11/20/2020 in Nigeria
Africa-Press - Nigeria. The President of the Senate, Ahmad Lawan on Friday said the 2021 budget of N13.08 trillion would be passed by the National Assembly in December. Lawan said the National Assembly will pass the budget by the second week of December, NAN reports. He disclosed this at a retreat for members of National Assembly Management and National Assembly Service Commission (NASC) in...read more ❯
Nigeria Backtracks on Currency Rules After Naira Weakens
Published 11/20/2020 in Nigeria
Africa Press-Nigeria: Nigeria’s central bank has backtracked on a rule that banned companies from sourcing imports from third parties other than manufacturers after the naira extended losses in the black market due to rising demand. A circular by the regulator to banks this week explained that importers can open bills of collection in favor of agents and third parties to import goods, a...read more ❯
Senate extols NNPC on AKK, audit report
Published 11/20/2020 in Nigeria
Africa Press-Nigeria: cThe Senate Committee on Gas has commended the Nigerian National Petroleum Corporation (NNPC) on the various gas development projects it has undertaken, especially the Ajaokuta- Kaduna- Kano (AKK) gas pipeline project. Speaking during the 2021 Budget Defense and Performance Appraisal meeting with officials of the Corporation which held at the National Assembly Complex,...read more ❯
Buhari receives report of judicial panel investigating EFCC’s Ibrahim Magu
Buhari receives report of judicial panel investigating EFCC’s Ibrahim Magu
Published 11/20/2020 in Nigeria
Africa-Press - Nigeria. President Muhammadu Buhari, has received reports by the Judicial Commission of Inquiry probing Ibrahim Magu, the suspended Chairman of the Economic and Financial Crimes Commission, EFCC. The commission led by retired Justice Ayo Salami has been investigating the activities of EFCC under the leadership of the suspended Acting Chairman, Ibrahim Magu. This follows...read more ❯
Senate to get harmonised 2021 budget December 3
Senate to get harmonised 2021 budget December 3
Published 11/19/2020 in Nigeria
Africa-Press - Nigeria. Chairman, Senate Committee on Appropriation, Senator Jibrin Barau has disclosed that the Nigeria Senate would get a harmonised 2021 budget from its Committee on December 3. He said some Chairman of Committees have submitted their budget reports on agencies of government, which were quite satisfactory. Speaking in Abuja late Wednesday, Senator Barau explained that the...read more ❯
I gave N11m to Ope Saraki – EFCC witness tells court
I gave N11m to Ope Saraki – EFCC witness tells court
Published 11/19/2020 in Nigeria
Africa-Press - Nigeria. The trial of Ope Saraki, ex-Senior Special Assistant to Kwara State Governor on Millenium Development Goals (MDGs), commenced on Thursday. The prosecution called its star witness, Kunle Adimula, who testified before Justice Babangana Ashigar of the Federal High Court, Ilorin. The Economic and Financial Crimes Commission (EFCC) had on March 24, 2020 arraigned Saraki for...read more ❯
Nigeria needs to create 19m jobs annually to bridge unemployment deficit –PEAC
Nigeria needs to create 19m jobs annually to bridge unemployment deficit –PEAC
Published 11/18/2020 in Nigeria
Africa-Press - Nigeria. Africa’s biggest economy requires 19 million jobs every year to narrow its yawning unemployment gap, Doyin Salami, chair of the Presidential Economic Advisory Council (PEAC), said on Tuesday. “Right now, Nigeria’s economic challenge is a very significant and potentially severe one. Yes, I know our economy hasn’t performed well; we have seen so far this year a...read more ❯
Oil prices climb on hints of OPEC+ output increase delay, Bonny Light loses $0.97
Oil prices climb on hints of OPEC+ output increase delay, Bonny Light loses $0.97
Published 11/18/2020 in Nigeria
Africa-Press - Nigeria. Oil prices advanced further on Wednesday amidst optimism that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will slow down a proposed hike in oil production dampened demand worries fuelled by an unforeseen surge in United States crude inventories and lower retail sales in the country. Brent crude futures for January inched up by 22 cents, or...read more ❯
Labour Union Threatens Strike Over New Hike In Petrol Price
Published 11/17/2020 in Nigeria
Africa Press-Nigeria The Nigeria Labour Congress has asked the Nigerian government to revert to the old pump price of N158 petrol or face indefinite strike from workers. The labour union said that the recent increase in fuel price was a breach of an agreement with the government at previous negotiations. NLC president, Ayuba Wabba, in a statement, said the union would not accept such...read more ❯
Safe haven for Crypto dealers amid economic volatility
Published 11/17/2020 in Nigeria
Africa Press-Nigeria As the global business community transits from physical cash to digital currency, Nigeria is also not being left out in the quest for a more viable method of transaction and store of value. The country currently ranks 8th (out of 154 countries) in a Chainalysis report on the geography of crypto in its 2019-2020 global adoption index. An assessment of the volume of...read more ❯
Timipre Sylva explains fuel price hike after briefing Buhari
Published 11/17/2020 in Nigeria
Africa Press-Nigeria Timipre Sylva, the Minister of State for Petroleum Resources, on Monday, explained the recent increment in the pump price of petrol from between N158 and N162 per litre to N168 and N170. Sylva also said that kerosene and diesel were even more important to the ordinary Nigerians than petrol, which he claimed was mostly used by the elite. He stated this while speaking...read more ❯
Reps summon NNPC, CBN over N3.235trn unremitted crude oil revenue
Published 11/16/2020 in Nigeria
Africa-Press Nigeria Again, the House of Representatives has summoned the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari and Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele over non-remittance of N3.235 trillion ($19.253 billion) revenue accrued from sales of domestic crude oil in 2014. Chairman, House Committee on Public Accounts,...read more ❯
Nigeria’s inflation rate jumps to 14.23%
Published 11/16/2020 in Nigeria
Africa-Press Nigeria Nigeria’s inflation rate has jumped to 14.23 per cent (year-on-year) in October, showing a percentage point increase of 0.52. The figure was 13.71 in September. This is contained in the Consumer Price Index (CPI), a computation which measures the average prices of goods and services consumed by people over time, released by the National Bureau of Statistics (NBS)...read more ❯
Digital Entrepreneur launches virtual learning program for small business owners
Published 11/15/2020 in Nigeria
Africa-Press Nigeria The Digital Entrepreneur Platform (TDE), a leading provider of digital learning and tools, has launched a virtual learning video masterclass and podcast initiative for small business owners across the country. The Digital Platform helps Startups, Professionals, Entrepreneurs, Sales Leaders and clients leverage digital learning and tools for sales growth and optimum...read more ❯
Stakeholders decry $1bn annual fish importation
Published 11/15/2020 in Nigeria
The Fisheries Society of Nigeria and other stakeholders in the agriculture sector have decried that Nigeria is importing fisheries worth about $1bn annually when the country has abundant water resources. A member of the House of Representatives, Mr Awaji-Inombek Abiante, specifically called for a separate ministry to handle fisheries and aquaculture in the country due to the huge potential for...read more ❯