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Adesina opens up on how his policies as Minister spurred Dangote to invest $1bn in rice


Former Minister of Agriculture and Rural Development and current president of the African Development Bank (AfDB), Dr. Akinwunmi Adesina revealed what happened on his happiest day in office as Minister of the federal Republic of Nigeria. Speaking at the Mo Ibrahim Forum in Morocco recently, he recalled, saying “I remember when I was minister of Agriculture in Nigeria. Aliko Dangote ...

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AUN Prof, Osuagwu named VC of Eastern Palm University, Imo State

Professor Linus Osuagwu, former Dean of the School of Business & Entrepreneurship at the American University of Nigeria (AUN), has been appointed pioneer Vice Chancellor of Eastern Palm University, Imo State of Nigeria. Eastern Palm University is licensed by the National Universities Commission (NUC) of Nigeria as the 42nd state-owned university in Nigeria and located in the eastern part of ...

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Worry NIMASA to disburse CVFF for us to buy bigger vessels, SOAN tells NNPC GMD

Nimasa boss, Dakuku Peterside

Whereas the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has advised members of Shipowners’ Association of Nigeria (SOAN) to acquire bigger tanker vessels in order to participate in the downstream sector of the oil and gas industry, leading shippers have advised the Cooperation to remind the Nigerian Maritime Administration and Safety Agency (NIMASA) to do the ...

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N42 million tithe to Benue Church returns clamour for taxing religious outfits

Sam ortom Benue

The recent news report showing that a man whose identity has been shielded by a local church, NKST in Makurdi, Benue State paid a tithe offering of N42 million has continued to elicit reactions from economists. The NKST Church is an abbreviation for ‘Non go Kristu U Sudan hen Tiv’, meaning the Church of Christ Amongst the Tiv. An economist ...

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FG slashes import, export documents at ports to boost ease of doing business, but…

economy issues

The stagnation of business activities at the ports which has reached crescendo may soon begin to rise if recent directives by the Secretary of the Presidential Enabling Business Environment Council (PEBEC), Dr. Jumoke Oduwole, are implemented. However, investigations by Business Hilights show that the key challenge to ease of doing business at the ports is not process of paying receipted ...

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Respite underway as inflation makes back-to-back decline by 0.52 % in March

Inflation rate

Technical recovery of the Nigerian economy seems insight as the National Bureau of Statistics (NBS), on Thursday, said inflation dropped by 0.52 percent in March, the second decline recorded on the year- on- year calculation. Initial decline was recorded in February when inflation dropped by 0.94 per cent. According to the latest Consumer Price Index for March released in Abuja, ...

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MAN, Shippers’ Council plan roadmap for ease of doing business, flexible ports regulation

hassan bello, NSC

More federal agencies and private sector operators have realized the imports of synergy and effective partnership to drive ease of doing business and seamless service delivery. In the maritime sector, new partnership is in the air following the recent working visit to the Nigerian Shippers’ Council (NSC) by the Director General of Manufacturers’ Association of Nigeria (MAN), Mr. Segun Ajayi-Kadir, ...

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Using taskforce to implement ERGP’ll lead to duplication of duties, confusion, failure—Expert

Udoma, Buhari, Adeosun

As soon as the Minister of Budget and National Planning, Senator Udo Udoma, said the newly launched Economic Recovery and Growth Plan (ERGP) would be driven by a task force to be constituted by the Federal Government, an economist, Mr. Salau Ibrahim has cautioned the plan, saying it will lead to confusion and eventual collapse of the plan’s target. He ...

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Momentary weakening of Naira shows it cannot be stable by only CBN’s intervention–Expert

economy issues

Ever since the Central Bank of Nigeria (CBN) started its almost daily intervention in forex liquidity, many pundits have continued to argue that the practice remained cosmetic and may not do the magic of forex stability. The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar recorded on Monday. This was despite the ...

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FG deepens boost for tomato production with new production policy

Tomato Plant

Barely one month after the Dangote Tomato factory resumed operations in Kano, the Federal Government on Tuesday announced a new policy for tomatoes to drive massive investments in the sub sector. The new policy is designed to grow the production by way of improving the value chain and attract more investments. Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, ...

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