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Poor non-oil revenue’ll continue unless infrastructure, access to capital are in place—Expert

Kemi Adeosun

Development experts have started reacting to the recent comments by the Minister of Finance, Mrs. Kemi Adeosun, during a Finance Ministers’ meeting convened by the G24 Group at the ongoing IMF/World Bank Spring meetings in Washington DC. The minister had said advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ in the ...

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Rising Nigeria, U.S. trade deals may have compelled FG to dump Chinese Yuan swap deal

Trump China

More reasons are beginning to emerge as to why the federal government suddenly ran away from nearly completed Chinese Yuan swap over US dollar even after a deal was signed in Beijing by this time last year. Experts say rising trade relations between Nigeria and the United States (U.S.) rose by 70.44 per cent from $799.93 million in January and ...

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FG deepens recovery drive, inaugurates committee to expand trade with other countries


As part of new efforts to grow continental trade relations in non-oil deals, the Federal Government on Thursday, opened a window expand Nigeria’s trade with other countries of the world by inaugurating a national committee for the Continental Free Trade Area negotiations. Business Hilights recalls that African Union Heads of State and Government at their summit in 2012, decided to ...

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Kano waste management body, REMASAB pays working visit to LAWMA

Lawma Kano

More facts have emerged showing that the consolidation of the ageless Lagos Waste Management Authority (LAWMA) has done well and is still on the right track. This stems from the recent working visit by the management of Kano State’s Refuse Management and Sanitation Board (REMASAB) who were on a 2-day working visit to LAWMA with the aim of having a ...

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How Boko Haram conflict is derailing Nigeria’s wheat crop productivity


Leading global news group, Bloomberg has disclosed how wheat growers in Nigeria’s northeast have abandoned their farms under the onslaught of the Boko Haram Islamist insurgency, a setback for the country’s efforts to cut imports by boosting local production, a research agency said. “Wheat production in the zone has declined to just 20 percent of what it used to be ...

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Dangote exits Noodles sub sector, offloads assets to Dufil, makers of Indomie

Dangote noodles

Dangote Flour Mills (DFM), has offloaded stakes in noodles business for not considering it strategic. The decision stemmed from its regular business portfolio review which encouraged sale of the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles. Already, the transition has taken off as DFM has offered Dufil the use of some of its facilities on ...

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World Bank plans to inject $200m into Nigeria’s Agric sector to boost livestock


The World Bank has concluded plans to pump about $200m into Nigeria’s agricultural sector to revitalise the livestock sub-sector. World Bank FADAMA Team Leader, Dr Adetunji Oredipe, revealed on Wednesday that the bank was working in tandem with the Federal Government to formulate the intervention policy. He added that discussions with the government team on the modalities for the project ...

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IMF sees Nigeria growing by 0.8% in 2017 if…

imf visit

The International Monetary Fund (IMF) on Tuesday begins to see chances of early exit from recession this year and switch over to growth lane but at a paltry rate of 0.8 per cent after all. It said Nigeria, the continent’s most populous nation and a leading oil producer, was expected to return to growth in 2017 after a challenging 2016 ...

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NEPC trains more local investors in solid minerals export as W/Bank $150m grant lands


As Nigeria is giving finishing touches to documents for the access to the latest grant of $150m from the world lender, the Nigerian Export Promotion Council (NEPC) has concluded training for new local investors in who wish to explore export opportunities in the nation’s solid minerals space. The Regional Coordinator, South West, Nigerian Export Promotion Council (NEPC), Babatunde Faleke, explained ...

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LCCI plans Inaugural Ceremony/First Business Clinic for new Real Estate Group

Muda Yusuf, LCCI boss

In view of the importance it attached to the housing delivery sector of the economy especially now Nigeria’s housing deficit has climbed to over 20 million yearly, the Lagos Chamber of Commerce & Industry (LCCI) has not only created a special sector for the industry but has concluded plans to inaugurate and hold the maiden business clinic in Lagos. A ...

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