archiveJuly 2019

The Federal Government has offered for subscription by auction N145 billion worth of bonds in its July 24 auction, the Debt Management Office (DMO) said. The offer circular obtained from its website on Thursday in Abuja, stated that it would sell N40 billions of a five year re-opening issue maturing...

  Six soldiers have been killed in an ambush by rebel fighters in northeast Nigeria’s Borno State, two military sources told the AFP news agency on Thursday. Heavily armed fighters from the Islamic State West Africa Province (ISWAP) group opened fire on a patrol vehicle on Wednesday near Jakana, 30km...

  Olukayode Kolawole For most people living outside Africa, they imagine the continent as the home of poverty, corruption, internet fraud, infrastructure deficit, and everything that describes under-development, marginalization, oppression, bad leadership, insecurity, diseases, and many more. Although the continent is truly beset with some perennial development issues, some of...

  Lack of capacity for mass production is a major obstacle to Nigeria’s full utilisation of the African Growth and Opportunity Act (AGOA) initiative, a government official has said. Mr Babatunde Faleke, the South West Coordinator of Nigerian Export Promotion Council (NEPC), Said this in an interview with newsmen in...

  As investors lose N87 billion Investors on The Nigerian Stock Exchange (NSE) on Thursday suffered a loss of N87 billion as bearish trend on the bourse continued as the market performance indicator (NSE-ASI) fell to 27,000 index points, the lowest in the last 26 months. The All-Share Index of...

The Joint Tax Board (JTB) Chairman, Mr Tunde Fowler, on Thursday unveiled the South West Regional National Tax payer Identification Number (TIN). Fowler said, at the inauguration ceremony of the new TIN registration system and consolidated national taxpayers’ database in Lagos, the new system would promote a tax friendly environment....

  The Embassy of Japan in Abuja says it has implemented 170 projects with 12 million dollars under the Grant Assistance for Grassroots and Human Security Project (GGP) in Nigeria. This was disclosed in Abuja on Thursday through a statement issued by Ms. Mio Nakano, the GGP Coordinator at the...

  The Imo State Government Thursday, inaugurated a 5-man Committee to investigate allegations of corrupt practices levelled against former Local Government Chairmen, Councillors and political appointees from 2011 to 2019. The Committee is chaired by former Chairman, National Population Commission and renowned legal luminary, Chief Eze Duruiheoma, SAN, with Dr....

  The Department of Petroleum Resources (DPR) on Thursday threatened to sanction oil producing companies which failed to upload its oil production data on the DPR platform. Mr Ahmad Shakur, the acting Director of the department, gave the warning at a sensitization workshop organised by DPR on National Production Monitoring...

  International Institute of Tropical Agriculture (IITA) says cassava remained one of the most consumed food crops in Africa and the potential market for cassava product is huge. Dr Adebayo Abass, the Cassava Compact Leader, IITA, said this at the cassava investment forum on Thursday in Abuja. He said that...