Business

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Background

Agriculture

Embrace The Anchor Borrowers’ Programme, CBN Governor tells Bandits

  The Anchor Borrowers’ Programme (ABP) was launched by President Muhammadu Buhari in November 2015 with the aim of creating a linkage between anchor companies involved in the processing and Smallholder Farmers (SHFs) of the required key agricultural commodities. The scheme is one of the Federal Government-funded initiatives aimed at tackling food insufficiency, diversify the economy away from oil, creating jobs for the youth and reducing poverty. Nigeria’s apex bank […]

todayMay 26, 2021 3

Business

Save Multimedia Solutions Launches An Android App Development Package for 150 Businesses

The management of Save Multi media Solutions has launched an opportunity for all business owners. Just as a car cannot move without fuel, the place of E commerce platforms for online businesses cannot be overlooked. The generation of this android app for business users is the next big thing. Read the post below; Why you need Apps for your Business Today: Smartphones are the next big thing and with these […]

todayMay 24, 2021 12

Business

Economic Council calls for Reduction of Petroleum Subsidy

The council, charged with the responsibility of advising the President on economic policy matters including fiscal analysis, economic growth and a range of internal and global economic issues has adviced that petrol subsidy be removed. As part of its presentation at its sixth regular meeting with the President last Friday, it also warned that the subsidy regime would worsen solvency of state governments. According to the document presented at the […]

todayMay 10, 2021 3

Business

Over 1,000 Firms Bid For 2017 Railway Projects

Over 1000 companies expressed interest in 17 categories of projects for the 2017 capital projects of the Nigerian Railway Corporation (NRC). The Managing Director of the NRC, Engr. Fidet Okhiria disclosed this on Tuesday while declaring open the process for the opening of bids for the projects. The formal opening of bids held at the corporate headquarters of the NRC in Lagos had representatives of firms who have bided for […]

todayMay 6, 2021 2

Business

Read Sacked First Bank Chairman, Ibukun Awosika’s Response To Her Removal

A former Chairman, Board of Directors of First Bank of Nigeria Limited, Ibukun Awosika, has said that she acted in honour and integrity when she chaired the board of the embattled bank. Mrs Awosika made this known in a statement on Friday titled, ‘My FBN Group Journey’. The former chairman was removed by the Central Bank of Nigeria on Thursday, alongside all the board members of the bank. The decision, […]

todayMay 3, 2021

Business

Airports to Resume Operations

All 5 international airport in Nigeria will beçome fully operational to international flights in a couple of weeks, the Federal Government said on Monday. Speaking on behalf of the aviation industry at the COVID-19 Presidential Steering Committee meeting, the Director-General, Nigeria Civil Aviation Authority, Musa Nuhu, said the remaining international airports that had yet to commence international operations were almost set to resume. He said, “On the opening of more […]

todayApril 27, 2021 3

Business

Rise In Electricity Tariffs; NERC

Due to changes in inflation, foreign exchange, gas prices, available generation capacity and capital expenditure, the Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. This was disclosed in its notice of Minor and Extraordinary Review of Tariffs for Electricity Transmission and Distribution Companies. a development that might lead to a rise in the tariffs payable by electricity […]

todayApril 27, 2021 2

Business

CBN To Sanction Dealers Who Reject Old/Lower US Dollars Denomination

The Central Bank of Nigeria has said it will sanction foreign exchange dealers that reject old and lower denominations of the dollar notes. It gave the warning on Tuesday in a circular to all Deposit Money Banks, Bureau De Change Operators and the general public signed by the Director, Currency Operations Department, CBN, Ahmed Umar, titled ‘The rejection of old, lower denomination of United States dollar by DMBs/ forex dealers’. […]

todayApril 21, 2021 2

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