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World Bank approves $200m to Nigeria

 The World Bank approved a $200 million credit to support the Nigerian agricultural sector, especially small and medium scale farmers. Announcing this at its Washington DC, USA, headquarters, yesterday, the bank said “the project would help increase agricultural productivity and production, improve processing and marketing, foster job creation, and increase …

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The Emir of Kano, Muhammad Sanusi II on Wednesday commended the management of Med-view Airline for extending its domestic flight operations to Kano State. Sanusi gave the commendation when he received the Managing Director of the airline, Alhaji Muneer Bankole, who visited him at his palace in Kano.

To starve off recession and posit the nation to the path of economic recovery, manufacturers have been tasked on growing their businesses from the level of attracting investors to increasing exports. The Managing Director, Simplified Corporate Logistics (SCL), a premier provider of export and import solutions, Nduka Udeh, gave the …

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FG, UNWTO working toward implementation of tourism master plan

THE Federal  Government on Tuesday said it was working with the United Nations World Tourism Organisation, UNWTO, toward the full implementation of the Tourism Master Plan, for the country. Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this while speaking at the 41st Annual General Meeting (AGM) of …

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6 GENCOs generated zero electricity in 1 week

The challenges bedevilling the power sector appear worsening as the Transmission Company of Nigeria, TCN, through the daily operational report of the National Control Centre, NCC, yesterday, reported that six power generating companies, GENCOs, failed to generate power in seven days. The report also indicated that the GENCOs lost about …

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Nigeria Looks Inward for Industrialisation

The federal government is beginning to look inwards for financing of the industrial sector of the economy through Domestic Direct Investment (DDI) rather than dependence on Foreign Direct Investment (FDI). The economic recession the country grappled with throughout 2016 saw it’s FDI crashing from $123.40 billion recorded in the final …

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Naira Continues to Appreciate Against Dollar

The Naira has continued to appreciate against the dollar at the parallel market. The Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and N430 (selling rate), while the Pound Sterling and the Euro closed at N530 and N450 respectively. Trading on the floor of the Bureau De Change …

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Stakeholders want FG to integrate SMEs into value-chain

Stakeholders have called on the present administration to prioritise developmental initiatives towards Micro Small and Medium Enterprise (MSME) development, by improving the ease of doing businesses and providing a separate tax regime for the SME sub sector in the country. The stakeholders called for a tax regime that would su‎pport …

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Why we suspended flight operations, by First Nation Airlines

First Nation Airlines yesterday suspended iflight operations to Kaduna due to what the airline called “drop in the number of passengers flying to Kaduna”. The airline however said it would resume the Kaduna-Abuja routes after reopening of the Abuja Airport on March 28. It was however revealed that aside the …

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NNPC, partners set 10-year plan to generate 4,000MW of electricity

NNPC, partners set 10-year plan to generate 4,000MW of electricity Electricity Pole. TCN raises the alarm over power rejection by DisCos The Nigerian National Petroleum Corporation (NNPC) and its incorporated joint venture companies have set between three and 10 years to generate 4,000 megawatts of electricity to boost power …

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