– Loan is without collateral, at 9 percent interest The Central Bank of Nigeria (CBN) said it had set aside N220 billion to be disbursed as loans to cooperative organisations under Micro Small and Medium Enterprises Development Fund (MSMEDF). Mr. Isaac Okorafor, Director, Corporate Communications Department of the CBN, announced the plan while addressing newsmen […]
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– moves to harness coconut production for economic empowerment, tourism development Lagos State Governor, Mr Akinwunmi Ambode, on Sunday said that the state would engage 10 major bakeries to ensure the mass production of coconut bread. The governor made the disclosure during the World Coconut Day and 7th Lagos Heritage Festival, tagged “AGUNKFEST 2018″ in […]
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– Nigeria’s revenue drops by N107 billion Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly […]
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• Says PIGB shrinks presidential powers over oil sector • Experts differ on legislation, OPEC membership President Muhammadu Buhari has withheld assent to the Petroleum Industrial Governance Bill (PIGB). The decision is coming after 17 years of rigorous consultations and legislative hassles on the document. Sources said that he hinged his action on the argument […]
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– says repositioning of maritime sector underway President Muhammadu Buhari has identified the maritime sector as rich with untapped assets which the government is repositioning to drive the economy and promote diversification. He stated this on Tuesday in Abuja, at the launch of a book written by Mr Bashir Jamoh, Executive Director (Finance and Administration), […]
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Trading on Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, with Total Oil leading the gainers’ table. The crucial market indicators appreciated marginally with 0.58 per cent growth, following gains by some blue chip concerns. Specifically, the market capitalisation increased by N75 billion or 0.58 per cent to close at N12.96 trillion […]
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The Federal University of Agriculture, Abeokuta, FUNAAB, has developed what it called first improved indigenous chicken breed called the ‘FUNAAB Alpha.’ The Vice-chancellor of the institution, Prof. Kolawole Salako, disclosed this on Tuesday while briefing journalists about the breakthrough and the presentation of certificate of ‘FUNAAB Alpha’ by the National Centre for Genetics Resources and […]
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How past Nigerian leaders, including a military dictator, Ibrahim Babangida, former President Olusegun Obasanjo and former President Goodluck Jonathan, among others, spent the humongous oil revenues that accrued to the country especially since 1990 is baffling to the Federal Government, according to the Vice President, Prof Yemi Osinbajo. Within the period, at least $982.8 billion […]
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As part of efforts at boosting the tree crop sub sector of the agricultural value chain, the Ondo State Government has established another Cocoa Plantation at Ijugbere in Owo Local Government Area. The project to be on two thousand hectares of land of which 35 hectares have been planted with improved cocoa seedlings, also has […]
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The horrendous unemployment crisis in Nigeria could only be solved with the change of the current perception of skills acquisition as a preserve for the never-do-wells, the poor and the wretched in our society. If Nigerians successfully change the perception of about technical skills, the problem of unemployment and other development issues would have been […]
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