CBN’s Anchor Borrowers’ intervention boosts local rice output to 5m tones–Okoroafor
The Acting Director, Corporate Communications of the Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor, has revealed that the national rice output has risen to about 5 million tonnes. Giving the insights in Awka, the Anambra State capital during a…
Inclusion of rice, poultry products, beef, in forex restricted 41 items has boosted farming —CBN
For the first time in recent weeks after barrage of calls and criticisms on the Central bank of Nigeria (CBN) to review the list of 41 items barred from easy access to forex for imports, the bank has come up…
It will take time to start gaining from the revised Auto Policy—Boyi, PAN MD
The Managing Director of Peugeot Automobile of Nigeria (PAN), Kaduna, Mr. Ibrahim Dutsinma Boyi has traced the fears of international auto investors in coming to Nigeria in numbers to fears of possible policy summersault. Giving reasons on why Peugeot brand…
Sharp decline in Nigeria container traffic hobbling shipping industry—- Drewry report
Findings by leading shipping investment survey carried out by Drewry Consult has revealed that West Africa and mainly Nigeria shipping industry has been facing series of shortfalls in terms of container traffic and throughputs. The report said “Overall regional activity…
Customs hits gold in Q1 revenue, rakes in N239.4bn to exceed target by N46.2bn
At a time the federal government is decrying drop in revenue to fund the 2017 budget, released financial inflows have continued to look up against 2016 hauls and even set quarterly targets. A document from the Federal Ministry of Finance…
Continued injection of forex by CBN stressing oil earnings, foreign reserves—Don
A senior lecturer at the Pubic Administration Department, of Nassarawa State University, Lafia, Professor Charles Nwaekeaku has raised fresh alarm on the continued intervention in the foreign exchange by the Central Bank of Nigeria (CBN), saying even though it is…
China rounding up sub-Saharan Africa with ‘sweet’ funds for developments, but…
Starting with Nigeria, China has been giving strategic financial assistance in several infrastructural projects. Apart from working with Lagos State Government to provide loan and engineering assistance in the ongoing development of Lagos-Badagry Expressway, the Nigerian government recently ran into…
NITDA runs to EFCC, reveals how MDAs siphon budgets using IT procurement
The digital watchdogs of the federal government, National Information Technology Development Agency (NITDA), has opened up on how MDAs were able to use the procurement of the IT products and services to perpetuate fraud because most of the projects passed…
Stakeholders’ seek demurrage waiver on grounds of bad port access roads
Considering the intractable haulage challenges passed through by shippers, clearing agents, and truck drivers, leading stakeholders in the nation’s maritime sub sector has made case for waiver on demurrage arising from delays in moving imported materials out of Lagos ports….
In-Country Ericsson boss rolls out merits on IoT for Nigeria, S’Africa
The Managing Director of Ericsson Nigeria, Rutger Reman, has given a rundown of expected advantages from the integration of Internet of Things (IoT), saying the platform provides the means to deliver efficient, innovative solutions that meet socio-economic challenges and transform…
