AfDB unveils $1bn plan to avert food crisis in Africa
Onome Amuge
March 21, 2022
BY: OMOME AMUGE The African Development Bank (AfDB) is to raise as much as $1 billion to enhance wheat production in Africa and avert imminent food shortages arising from the Russia-Ukraine war. Akinwumi Adesina, the AfDB President, explained that the continent’s biggest multilateral lender is raising the funds to help 40 million African farmers utilise […]
Ganduje steps into KACCIMA leadership crisis, appoints caretaker committee
Businessam StaffMarch 17, 2022
BY: Adeola Ajakaiye, in Kano. Governor Abdullahi Ganduje took action on the lingering leadership crisis in the Kano Chamber of Commerce, Industry, Mines and Agriculture (KACCIMA) by approving the immediate dissolution of the executive committee. Usman Alhaji, secretary to the Kano State government, in a statement, said that it had become necessary to take the […]
Radical reforms sought for Anchor Borrowers Programme
Onome AmugeMarch 17, 2022
BY: ONOME AMUGE Fundamental radical reforms are being canvassed for President Muhammadu Buhari administration’s flagship agriculture intervention initiative, the Anchor Borrowers Programme (ABP). The canvassers, short of calling the programme dodgy, said it has actually left out a lot of farmers in its coverage. The Group (NABG), which is calling for ABP’s radical reform, urged […]
Nigeria’s FIRS grants concession to foreign currency tax debtors
Onome AmugeMarch 9, 2022
The Federal Inland Revenue Service (FIRS) has offered taxpayers with outstanding foreign currency tax liabilities a one-month window to settle such liabilities in naira payment with effect from March 1 to March 31, 2022 . Muhammad Nami, the FIRS executive chairman, who disclosed this in a public notice, clarified that the concession was a one-off […]
Lagos parking agency, LASPA, out with parking violations, offences
Mike OchonmaMarch 4, 2022
BY: MIKE OCHONMA The newly created Lagos State Parking Authority (LASPA) has rolled out plans on how to tackle indiscriminate parking by vehicle owners on the streets of Lagos, while also listing various parking violations and offences henceforth in the state. Speaking at a parley with journalists in Lagos recently, Adebisi Adelabu, general manager of […]
Lafarge Africa posts muted top line growth as revenue grew 8.3% y/y to N230.6bn amid increased construction activities in Nigeria
Charles AbuedeMarch 25, 2021
Charles Abuede Lafarge Africa, a leading cement manufacturer in Africa has reported relatively weak revenue numbers for the full year 2020. The company grew its revenue by 8.3 per cent year on year to N230.6 billion. Also, it reported that its net profit after tax climbed 98.8 per cent year on year to N30.8 billion in […]
CBN unfolds procedures for disbursement of N75bn Youth Initiative Fund
Charles AbuedeOctober 29, 2020
Charles Abuede The Central Bank of Nigeria (CBN) has released the framework for the implementation of the Nigerian Youth Investment Fund (NYIF) which will see the disbursement of N75 billion targeted at empowering Nigerian youths financially in a bid to generate five hundred thousand jobs between 2020 and 2023 under the Nigerian Youth Employment Action […]
Nigeria’s universities regulator says country not ready for 100% e-Learning
Saviour AdugbaOctober 29, 2020
The Nigeria University Commission (NUC) has stated that the country is not yet ready for 100 per cent e-learning. Instead, it has called for the country to embrace a blended approach, adding that it is concerned about integrity issues around e-learning in Nigeria. Suleiman Ramon-Yusuf, a deputy executive secretary of the commission offered this position […]
2,500 business owners apply for N2.5bn Lagos Recovery Fund for looted businesses
Onome AmugeOctober 29, 2020
Onome Amuge The Lagos State Employment Trust Fund (LSETF) has disclosed plans to disburse N2.5 billion economy recovery fund targeted at supporting entrepreneurs most especially, Medium Small Micro Enterprises (MSMEs) whose businesses were destroyed by suspected hoodlums during a spate of civil unrests across the state. Tejumola Abisoye, the LSETF chief executive officer stated that […]
We’re managing Rivers’ oil & gas resources most effectively for overall benefit of the state
BEN EGUZOZIEOctober 28, 2020
Peter Medee was a lecturer in economics at the University of Port Harcourt before his appointment as Commissioner for Energy & Natural Resources, Rivers State. Business A.M.’s BEN EGUZOZIE sat with him at his 13th floor office on Point Block, the imposing 18-storey building housing the state secretariat, where he unveiled the ministry’s activities in […]