PriceWaterhouseCoopers (PwC) Nigeria has reported that with a consumption per capita of 32kg, Nigeria’s consumption increased 4.7 percent, almost four times the global consumption growth in the past decade. The consulting and research firm disclosed this in its ‘Boosting Rice Production Through Mechanisation’ Report published today. Specifically, PwC disclosed that Nigeria’s consumption reached 6.4 million […]
Heritage Bank Plc has introduced Octopus, an advanced intelligent digital tool, to optimize its operations in terms of services delivery to millions of its customers. The solution, which is full-fledged digital bank, has been described by financial technology experts as a game-changing innovation that is poised to connect customers’ accounts with their Debit Card details […]
Nigeria’s external reserves rose to $46 billion as at last Friday, brightening prospects of the nation’s sustained economic recovery in the months ahead. Figures provided by the Central Bank of Nigeria (CBN) at the weekend on the reserves’ trend, indicated the reserves grew by about $3.2 billion between February and March 2018, up from the […]
The Minister of Finance, Mrs. Kemi Adeosun, today disclosed that President Muhammadu Buhari had approved an amendment to the excise duty rates for alcoholic beverages and tobacco effective from 4th June, this year. The regime also granted a grace period of 90 days to all manufacturers before the commencement of the new excise duty regime. […]
A group photograph of participants at the Policy Dialogue on CSR and Tax Payments in Nigeria organized by ActionAid Nigeria in collaboration with Oxfam in Abuja recently.
The Nigeria Deposit Insurance Corporation (NDIC) has unveiled plans to investigate some Deposit Money Banks (DMBs) for inadequate rendition of returns to the Corporation on instances of fraud and forgeries. The Corporation, which gave this hint in a statement issued by its Head, Communications and Public Affairs, Mohammed Ibrahim, indicated that the decision was taken […]
Traders, farmers, and other stakeholders involved in food and agribusiness in the country have set a 10-point strategic agenda for implementation by the Federal Government and its agencies to growth the nation’s agribusiness and facilitate sub-regional trade in the sector. The proposed measures were part of the recommendations adopted by the stakeholders at the end […]
Some trade experts, the organized labour and other economic interest groups have advised the Federal Government not to assent to the proposed Continental Free Trade Area (CFTA) agreement in view of its potential negative impact on the nation’s economy. The experts expressed serious concern that the agreement, which is aimed at liberating the African economy by […]
The Lagos Chamber of Commerce and Industry, LCCI, has lent its voice to the opposition groups’ against the newly enacted Lagos Land Use Charge Law 2018, describing its sanctions as obnoxious and not in line with democratic ideals. The President of the Chamber, Mr. Babatunde Ruwase, made the position of the OPS group known in […]
The National Association of Nigerian Traders (NANTS) has cautioned that unless government frontally tackled the lingering herdsmen/farmers’ clashes, Nigeria may soon experience serious food crisis. The National President of the association, Barr, Ken Ukaoha, gave the warning at a one-day Farmers Consultative Meeting to Document and Validate Farmers Concerns and Challenges penultimate Thursday in Abuja. […]