The Nigeria Sovereign Investment Authority (NSIA) has hinted that Nigeria would take delivery of potash fertilizer from Russia and Canada next week for distribution as part of Federal Government’s support to famers for the ongoing rainy season farming. NSIA’s Managing Director, Mr.Uche Orji, who made this disclosure on Thursday during a media briefing on the […]
Despite uncertainties in the global investment space and sundry fiscal constraints in the domestic environment, the Nigerian Sovereign Investment Authority (NSIA) has reported N153.56bn profit in the 2021 financial year. Despite the increasingly volatile global investment climate, the NSIA which was set up by the Federal Government in 2012 to manage Nigeria’s Sovereign Wealth Fund, […]
The National Bureau of Statistics (NBS) reported on Monday that Nigeria’s economy grew by 3.11%, year on year (YoY), in the first quarter of this year, from 0.51% as recorded in the corresponding quarter of last year. The Bureau noted in its Nigerian Gross Domestic Product Report (Q1 2022) that the Q1 growth represented the […]
The African Development Bank Group’s (AfDB) Board of Directors on Friday approved a $1.5 billion facility to help African countries avert a looming food crisis. Apparently aimed at mitigating the impacts of the disruption of food supplies arising from the Russia-Ukraine war in Africa, the $1.5 billion African Emergency Food Production Facility, which is a […]
The Federal Government has indicated that winners of the 2022 National MSME Awards would cart home cars and cash prizes for their outstanding and innovative initiatives during the year. The Special Adviser to the President on MSMEs, Mr. Tola Adekunle-Johnson, who gave this hint during a chat with journalists in Abuja, disclosed that the rewards […]
The president of the African Development Bank Group (AfDB), Dr. Akinwumi Adesina, has urged the United States to back the institution’s $1.5 billion emergency food production plan. The plan aims to avert a looming food crisis in Africa caused by Russia’s war in Ukraine. Adesina, and a panel of witnesses, on Wednesday testified about global […]
The World Bank Group has projected that COVID-19 pandemic, the Russia-Ukraine conflict and the impacts of climate change would have intense implications for developing economies over the coming years. The Breton Woods institution, in statement hoisted on its website on Friday reflecting the findings of its new report titled ‘Commodity Markets: Evolution, Challenges, and Policies’ […]
West African representatives from the ministries of planning and finance, environment, and other stakeholders gathered in Abidjan on 5-6 May 2022 for a capacity-building workshop on addressing land degradation and ecosystem restoration. The workshop was a precursor to the UN Convention to Combat Desertification conference, being held in Abidjan from 9 to 20 May. The […]
The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, at the weekend called on farmers and other agricultural sector’s stakeholders in the country to support its about-to-kick off National Agriculture Sample Census (NASC) given the exercise’s potential positive socio-economic implications for the nation’s sustainable development. The representative of the Statistician General […]
Guaranty Trust Holding Company (GTCO) Plc, one of Nigeria’s banking services provider, on Thursday announced the return of its annual Food and Drink Festival, two-year post COVID-19 pandemic, stressing the benefits of the yearly event to the nation’s economy. The Group’s Corporate Communications Team Lead, Mr. Charles Eremi, who gave this hint on Thursday during […]