AFOS-NIG INGO, a German non-governmental organisation providing technical supports to Small and Medium Enterprises (SMEs) and agribusiness owners in Nigeria, has charged famers, agribusiness owners and microfinance banks in the country to adopt global best practices as a strategic step towards overcoming their current challenges, improving their earnings, and contributing more to the nation’s Gross […]
AFOS-NIG INGO, a German NGO, has organised a nine-day exposure visit to Germany for its development partner-institutions as well as other stakeholders within the Nigerian agricultural sector. This is contained in a statement issued on Monday by the Foundation’s Chief Executive Officer and Country Representative, Mr. Oladipupo Akoni. AFOS is an NGO providing technical support […]
Nigeria’s headline inflation rate rose to 22.22% in April 2023, representing 0.18% points higher than the 22.04% recorded in the preceding month. According to the latest Consumer Price Index (CPI) report by the National Bureau of Statistics (NBS) published on Monday, the inflation rate in April indicates that the CPI has increased for the fourth consecutive […]
The Nigeria Sovereign Investment Authority (NSIA), the manager of Nigeria’s sovereign wealth fund and the National Council on Climate Change (NCCC), signed a Memorandum of Understanding (MoU) in furtherance of the collective efforts to mitigate climate change impacts on the country. The MoU, which was signed by the NSIA’s Managing Director/CEO, Mr. Aminu Umar-Sadiq, and […]
The Director-General of the World Trade Organization (WTO), Dr. Ngozi Okonjo-Iweala, at the weekend charged African governments to remove all trade barriers, especially cost-related ones, in order to optimally explore the opportunities in the African Continental Free Trade Agreement (AfCTA) for national development. The foremost economist noted that the high costs African exporters were experiencing […]
The Federal Executive Council (FEC) has approved an Operation and Management concession for the 360 megawatts Gurara II Multipurpose Dam & Hydro Power Plant and the 40 megawatts Kashimbilla Hydro Power Plant under a Public-Private-Partnership (PPP) model with a projected revenue target of N647.7 billion from the deal. The approval by the FEC was sequel […]
The International Monetary Fund (IMF) has projected that Nigeria and other countries could lose an estimated $10 billion of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF made this projection in its Country Focus on Sub-Saharan Africa (SSA) report published on Monday, indicating that the figure represented about a half […]
The National Bureau of Statistics (NBS) reported on Saturday that Nigeria’s inflation rate rose to 22.04% in March this year, from the 21.91% recorded in February, representing a 0.13% points rise month-on-month. In its just published’ ‘Consumer Price Index (CPI)’ report, the Bureau indicated that on a year-on-year basis, the March 2023 headline inflation rate […]
The Federal Government has set a target of $500 million foreign exchange (FX) earnings from cashew nuts exports from the country in 2023, representing about 50% increase earned from the commodity’s exports in 2022. The Executive Secretary of the Nigerian Export Promotion Council (NEPC), Dr. Ezra Yakusak, who made this projection during an interview with […]
The Federal Government on Tuesday announced that it had approved the Ekiti Knowledge Zone (EKZ) as a Free Trade Zone (FTZ) as part of its current efforts to create more jobs, improve the performance of the non-oil sector of the nation’s economy and by so doing, enhancing the nation’s foreign exchange (FX) earnings. The Special […]