The world today is making progress finally. The past few decades have attracted much incontrovertible technological progress on the planet. Now, this world is more like a global village with almost all the digital technologies. For instance, now, most of us use technology very frequently. We use the world wide web usually on our mobile phones instead of on computers. …
The E-Lab Innova is an educational training program for its agri-food sector in Nigeria, which will be implemented in collaboration with the Nigerian Export Promotion Commission (NEPC) along with other Italian spouses, for example, MACFRUT, a leading exhibition for the agribusiness market. The training is directed at increasing the technical and technical abilities of Nigerian agri-food companies to encourage their …
The World Trade Organisation, WTO, on Friday ranked Nigeria because of the primary importer of economic providers in Africa for the year 2020. That is contained in knowledge launched by the worldwide commerce organization led by Dr. Ngozi Okonjo-Iweala. The organization additionally ranked Nigeria as the twenty-fifth industrial importer on this planet. Nigeria is carefully adopted by Egypt which was ranked …
NetPlusDotCom, leading technology and digital payment company, has launched NetPOS devices, Android Based Point-Of-Sale Systems (PoS) enabled to process multiple types of payments securely on the go. The device, already certified by the Nigeria Interbank Settlement Systems (NIBSS) come in two variants- the NetPOS Mini and NetPOS Pro devices. Both devices come preinstalled with the NetPOS Payment App and the …
Oil output of the Group of the Petroleum Exporting Nations (OPEC) rose for the seventh straight month in January, with Nigeria recording the most important output decline, in keeping with a Reuters survey. Read also: LEKOIL provides Trading and Operational update on the Otakikpo Marginal Field The output elevated by one hundred sixty,000 barrels per day (pbd) to achieve 25.seventy …
The Abia State Social Funding Programme has disclosed that the Federal Government released 93.47 million Naira through the Abia State Cash Transfer Unit for payment to about 10,000 benefitting Households in the state. This is coming after the initial payment of 540 million Naira paid out last year to the same benefiting households. However, in a press release signed by …
The Nigerian Stock Exchange (NSE) will have its three surviving entities, birthed by the just-completed demutualisation exercise, headed by individual chief executive officers, the national council of the exchange said in a website note on Wednesday. The decision followed approval by members of the NSE in November of the proposal to demutualise, enabling the Nigerian bourse to transform from a member-owned …
The Director-General of the Debt Management Office (DMO), Patience Oniha, said on Wednesday the Federal Government planned to repay a $500million Eurobond with funds raised from a domestic bond offering held in the last quarter of 2020. The Eurobond is expected to mature this month. She said the government is also casting its glance around the foreign debt market for fresh issues …
The National Assembly has transmitted the 2021 Appropriation Invoice of N13.5tn to the President, Main Common Muhammadu Buhari (retd.). The Senior Particular Assistant to the President on Nationwide Meeting Issues (Senate), Senator Babajide Omoworare, disclosed this in a terse textual content message on Monday. Omoworare stated, “The Appropriation Invoice has been transmitted by the Nationwide Meeting to Mr. President in conformity …
Chairman, Income Mobilisation, Allocation and Fiscal Fee (RMAFC), Chief Elias Mbam, has mentioned that the fee has commenced work on the brand new income allocation sharing formulation which is able to take impact from 2021. Mbam made this identified on Sunday at Merchandise Amagu, Ikwo in Ikwo Native Authorities Space of Ebonyi State, whereas talking with journalists. He additionally added …
Land borders arranged to be reopened a week by President Muhammadu Buhari are still closed to movement of products, The Country has observed. The boundaries were closed on August 20, 2019, to halt the entrance of prohibited arms amongst others to the nation. However movements of individuals were notices in the boundaries — Seme (Lagos State), Illela (Sokoto), The rest …
IN its commitment to make the growth of the small and medium scale enterprises (SMEs) its primary focus, SunTrust Bank gave out N23.96 billion as loans and advances to the industry in 2019. Addressing shareholders at the annual general meeting at the weekend in Lagos, Chairman, SunTrust Bank Nigeria Limited, Olanrewaju Shittu stated despite the challenges of the year under …
Among the most important roadblocks to financial autonomy is to rely on an income that’s uncertain. Whatever the choice of one generates fear and nervousness and based on a single source of earnings is your cause for fiscal strain. Thus, if you would like to be free of financial strain, among those things that you have to do is to …
THE management of Ultimus Holdings, a Pan-African investment company has hinted of plans to invest over $40m in real estate within the following 10m decades. The President/Chief Executive Officer of Ultimus Holdings, Dr. Ifeanyi Odii made this disclosure during the official compilation of one of its new subsidiaries, The Classroom, a lavish showroom in Lagos from the Commissioner for Physical …
THE strategic stakeholders of the economy have cried out that the 3 tiers of government must grant them tax vacation as it might help the ailing industry to heave a sigh of relief against the catastrophic impacts of the Covid-19 pandemic. Ukatu stressed the hostile business environment has been compounded with the escalating exchange rates and forex deficiency combined with …
FOR the country to experience any form of growth in her economy and bounce back speedily from the effects of COVID-19, it has to increase and grow her productivity, the Minister of Labour and Employment, Dr. Chris Ngige and the Director General of National Productivity Center (NPC), Khasim Akor, have said. Ngige and Akor spoke at the second Nigeria Public …
The country’s oil and gas resources being developed via joint partnerships involving the Nigerian National Petroleum Corporation and private companies are suffering financing shortfall as money telephone payment from the NNPC has hit a record low. Amid the coronavirus-induced sharp fall in its own earnings, the Federal Government, through the NNPC, decreased its spending to the JV funds to $91.52m …
Sachet water hawkers in Enugu metropolis are presently making brisk business, with rising demand for the commodity, due to hot weather. The News Agency of Nigerian (NAN) reports that most of the hawkers have raised their daily purchases to meet the increasing demands. Some of the hawkers, who spoke with NAN on Saturday in Enugu, confirmed that there were boosts in their …
The Nigerian economy has slipped into its second recession in five years as the gross domestic product contracted for the second consecutive quarter. Nigeria’s gross domestic product shrank 3.6% in the three months through September from a year earlier, compared with a 6.1% contraction in the previous quarter, Statistician-General Yemi Kale said Saturday in a report released on Twitter. Read …
