Universities depending on subventions can’t survive, says ex-VC, UNN
Businessam Staff
March 28, 2022
Bartho Okolo, professor and a former vice chancellor of the University of Nigeria, Nsukka, says the culture of donating towards education is natural with Nigerians. He said this when presented a paper, ‘Restructuring the Emerging Landscape for Resource Mobilisation in Nigerian Higher Education’, at the third edition of the Jacksonites Professional Development Series (JPDS) seminar, […]
Lagos releases 1,000 new GAC cars for “Lag Ride’ taxi service
Mike OchonmaMarch 24, 2022
BY MIKE OCHONMA The Lagos State government has unfolded a new taxi scheme with 1,000 brand-new GAC-branded cars for an initiative codenamed ‘Lag Ride’, a partnership between Lagos state-owned IBILE Holding Limited and CIG Motors Company Limited, with the objective to provide clean and reliable means of taxis movement across the metropolis at affordable cost, […]
Stallion Auto rolls out 100,000th from Bajaj Keke assembly
Mike OchonmaMarch 23, 2022
BY MIKE OCHONMA Stallion Auto Keke Limited (SAKL), a member of Stallion Group and Nigeria’s sole distributor of Bajaj 3-wheelers & 4-wheelers, has rolled out 100,000 Bajaj Keke into the nation’s tricycle market. This piece of good news is coming less than two years of entering the market by the automotive conglomerate. Making the announcement […]
NEPC puts Nigeria’s non-oil exports revenue at $3bn in 2021
Dikachi FranklinMarch 22, 2022
BY Dikachi Elemba, in Owerri Nigeria exported non-oil products to different countries worth $3.455 billion in 2021, Ezra Yakusak, the executive director, Nigerian Export Promotion Council (NEPC) said at a seminar organised by the NEPC in Owerri, the Imo State capital, recently. The 2021 figure represents a record increase in non-oil export revenues from the […]
Buhari inaugurates $2.5bn Dangote Fertiliser Plant in Lagos
Mike OchonmaMarch 22, 2022
BY MIKE OCHONMA President Muhammadu Buhari has inaugurated a three million metric tonne-Dangote Fertiliser Plant in Lagos. The inauguration took place on Tuesday at the Lagos Free Trade Zone, Lekki. The President said the project would aid the government’s drive to ensure food sufficiency in the country. “This is a demonstration of enhancing the socio-development […]
Lagos diverts traffic routes for motorists over Buhari’s visit today
Mike OchonmaMarch 22, 2022
BY MIKE OCHONMA Many traffic routes in Lagos State have been diverted today for motorists with alternative provisions over the visit of President Muhammadu Buhari. The president will be making a second visit to the state for the inauguration of the new international terminal at the Murtala Muhammed International Airport, Ikeja by the Federal Airports […]
LIRS restates March 31 deadline for filing tax returns
Onome AmugeMarch 10, 2022
BY: ONOME AMUGE The Lagos State Internal Revenue Service (LIRS), has reiterated that taxpayers in the state have to clear up outstanding tax owed to the state government before March 31, 2022 to avoid payment of penalties as well as other statutory sanctions. Thus, the LIRS directed all individual taxpayers, including self-employed persons and employees […]
AU adopts programme to mobilise $30bn for Africa water investment
Mike OchonmaMarch 10, 2022
BY: MIKE OCHONMA Member states of the African Union (AU) are taking decisive action against water shortages through a new programme. Named the Continental Africa Water Investment Programme (AIP), it aims to mobilise $30 billion over 10 years to accelerate priority water projects in Africa. The African Union (AU) Assembly of Heads of State and […]
Huge downside risks for Nigerian economy over Russia-Ukraine conflict, says CPPE
Onome AmugeMarch 1, 2022
BY: ONOME AMUGE Russia’s invasion of Ukraine has serious implications for the Nigerian economy which is likely to worsen if the conflict escalates, according to the Centre for the Promotion of Private Enterprises (CPPE). Muda Yusuf, chief executive officer, CPPE, who stated this in a recent report by the organisation, noted that the crisis if […]
Nigeria should make economy globally relevant, LCCI power chief
Onome AmugeMarch 1, 2022
BY: ONOME AMUGE Despite being portrayed in the news as an antagonist in its current conflict with Ukraine, Russia’s economic stronghold and impact on a global scale cannot be overemphasised, forcing the West to tread gently towards a resolution. Russia’s global influence also brings to fore the realisation that Nigeria needs to strengthen its economic […]