archiveMarch 2018

...Promises to end rice importation The Dangote Rice Outgrower Scheme in Jigawa State reached a turning point yesterday when the President of Dangote Group, Aliko Dangote laid a foundation stone for the construction of a multi-billion Naira rice processing mill in Hadin, Jigawa state. The mill with capacity to process...

VAIDS: FG to name, shame, prosecute tax evaders from March 31 - Adeosun …Pledges confidentiality of data received from foreign countries on Nigerians’ overseas assets, income The Federal Government is ready to prosecute, name and shame tax evaders that fail to utilise the tax amnesty programme, the Voluntary Assets and...

  As part of efforts to showcase Lagos as a conducive environment that enables businesses thrive, the Executive Secretary, Lagos State Employment Trust Fund (LSETF) Akintunde Oyebode will be speaking at the 20th annual Harvard Business School Africa Business Conference on Saturday, March 3, 2018 in Boston, USA. The conference...

  The total amount of foreign capital attracted by the Nigerian economy in 2017 stood at $12.2 billion, the National Bureau of Statistics (NBS) has said. A report released by the agency on Thursday reveals that the new figure is a massive jump over the $5.38 billion recorded in the...

* City economies will overtake that of nation–states *Lagos-Kano landmark partnership underscores cornerstone of FG's Economic Recovery and Growth Plan *Long before Nigeria existed as we know it today, both cities existed as important regional centres of trade and commerce. It is a given that they will continue well into...

  African Export-Import Bank (Afreximbank) is planning to raise equity worth $200 million in Nigeria via the issuance of depositary receipts, according to Bloomberg report. According to the Bloomberg report, the Cairo-based lender was in talks with Nigerian regulators to issue depositary receipts and raise equity worth $200 million by...

  The Central Bank of Nigeria (CBN) has reiterated its call on Nigerians to be wary of investments in crypto currencies, saying  they are virtual currencies that are not legal tender in Nigeria. The Bank’s Acting Director, Corporate Communications, Mr Isaac Okoroafor, in a statement on Wednesday in Abuja, said...

  The wife of Ondo State Governor, Mrs. Betty Anyanwu-Akeredolu has led members of the Forum of Wives of State Officials (FOSOWO) to Akoko South West where women and youths from the local government were empowered. At the event held at African Church Grammar School, Oka Akoko, where the rich...

    The International Monetary Fund (IMF) has said more Nigerians have become poorer under the present administration despite the country’s slow recovery from recession. In a report released on Wednesday, the IMF said Nigeria needs urgent economic reforms. It identified risks to growth, including additional delays to implementing policies...

  MTN Group plans to list its Nigerian unit worth $5.23 billion by July in an Initial Public Offer (IPO) on the Nigeria Stock Exchange (NSE) and will raise fresh funds to reduce debt, according to pre-IPO presentation seen by Reuters. MTN aims to raise at least $400mln from the...