The Nigeria Export Processing Zones Authority (NEPZA) on Monday disclosed that it had opened discussions with crypto exchange, FX Binance, for the purposes of creating a virtual free zone for blockchain development in the country. The authority’s Managing Director, Prof. Adesoji Adesugba, was quoted as confirming that already preliminary meetings with the cryptocurrency exchange team […]
The National Bureau of Statistics (NBS), Nigeria’s national statistical system coordinating agency, has reported that the nation’s gross domestic product (GDP) grew by 3.54% year-on-year in real terms in the second quarter of 2022. According to the ‘Nigerian Gross Domestic Product Report Q2 2022’ published by the Bureau on Friday, Q2 growth rate represented an […]
…as consumers paid 23.22% higher on average price of white beans/kg The National Bureau of Statistics (NBS), Nigeria’s statistical system coordinating agency, reported on Monday that prices of selected food items increased year-on-year in July this year. The Bureau, in its ‘Selected Food Prices Watch Report for July 2022’ hinted that the average price of […]
….draws down $80mn to deepen operations in S/Africa Africa Data Centres (ADC), a business of Cassava Technologies, a pan-African technology group, has drawn down the first tranche of USD 83 million out of the USD 300 million strategic investment from the United States International Development Finance Corporation (DFC) approved in 2021. The initial tranche is […]
Nigeria’s House of Representatives Committee on Public Accounts has ordered the Corporate Affairs Commission (CAC) and the Federal Inland Revenue Service (FIRS) to provide the details of the companies involved in the N18 billion bush-clearing contracts of the Federal Ministry of Agriculture and Rural Development (FMARD). The committee’s chairman, Hon. Oluwole Oke, gave the directive […]
In furtherance of its sustained monetary measures to boost the nation’s economic performance, the Central Bank of Nigeria (CBN) has increased the interest rate for intervention loans from 5% to 9%, effective from July 2022. The apex bank, which disclosed this in a press release titled ‘Adjustment Of Interest Rate On All Central Bank Of […]
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Thursday flagged off training programme for 90 young entrepreneurs under its National Business Skills Development Initiative (NBSDI) in Anambra State. The agency’s Director General, Mr. Wale Fasanya, represented by Deputy Director in charge of Entrepreneurship Development and Promotion, Department, Mrs. Fatima Shaibu, inaugurated the […]
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, on Monday disclosed that the bank was set to deliver climate-adapted, certified wheat and other staple crop seeds to 20 million farmers in the continent. Adesina, who gave this hint in a document titled ‘Averting an African Food Crisis: The African Food Production Facility’ in […]
Dangote Sugar Refinery Plc, one of the commodity manufacturing companies listed on the Nigerian Exchange, on Tuesday reported a Profit Before Tax (PBT) of N29.73 billion in the half year ended June 30, 2022. The company made this disclosure in a statement signed by the Group Head, Corporate Communications, Dangote Group, Mr. Anthony Chiejina. According […]
The National Assembly and ActionAid Nigeria, one of the leading civil society advocacy groups committed to transparency in public finance, at the weekend disclosed that they were collaborating on allocation of 10 percent of Federal Government’s annual budget to agriculture to ensure Nigeria meets its commitment to the Comprehensive Africa Agriculture Development Programme (CAADP). The […]