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Former President Olusegun Obasanjo has reiterated the need for states across Nigeria to embrace and promote agriculture, saying there is it is the only viable path to tread for economic progress and development. Obasanjo, who spoke at the groundbreaking ceremony of the School for Children with Special Needs, a project of the Catholic Diocese in […]
Yesterday, banks across the country were given a directive from the Central Bank of Nigeria to cancel any customer requests for purchase of Treasury Bills at Primary or OMO auctions, if such customers are borrowing customers of such banks or those of other banks. This also includes those enjoying CBN intervention loans. We are not […]
Nigeria’s plan to spend less on food by restricting access to dollars for importers could have the opposite effect by threatening food supplies and pushing up prices. President Muhammadu Buhari ordered the central bank on Aug. 13 to stop dollar supply for food imports, saying food security has been achieved and agricultural production has increased. […]
Raising sheep can be fun and rewarding if you have a small farm, or even in a rural home with a bit of available pasture space. They are docile, gentle animals for hobby farms. And they serve many purposes, such as providing meat, wool and even to sell during religious ceremonies. For many rural families, […]
The Governor of Lagos State, Mr. Akinvumi Ambode, explained that the development of agriculture remains the only way to manage the economy of the country, as well as create jobs for unemployed young people. The Governor said this at the 39th Annual General Meeting and the 19th International Conference of the Nigerian Institute of Land […]
[ad_1] The Foundation for Partnership Initiatives in the Niger Delta (PIND), a non-profit organization, has spent more than $ 190 million to stimulate economic development and peacebuilding in the region since 2010. The Deputy Executive Director, Mr. Tundzhi Idovu, made this famous, answering questions from journalists from the CAPABLE Training of Regional and National Media […]
World Bank: About 5,916 youth across Nigerian will soon get a disbursement of N8.6 billion from the world bank in the Graduate Unemployment Youths Support Scheme.
As part of efforts to stimulate economic activities, the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele has disclosed plan by the central bank, in collaboration with the banks to deploy part of the Agri-business, SME Investment Scheme Fund (AGSMEIS) fund to the “vulnerable sector in the next few days.”
Driven by upsurge in exports of agricultural goods and solid minerals, Nigeria’s foreign trade recovered in 2017 with a N4 trillion trade surplus, up from a deficit of N290.1 billion in 2016. (Nigeria Foreign Trade) National Bureau of Statistics, NBS, disclosed this in its Foreign Trade Statistics report for the fourth quarter of 2017 (Q4’17). […]
Banking sector lending to the private sector will rise to N16.7 trillion this year, up by 6.34 percent, from N15.7 trillion recorded in 2017. Analysts at FSDH Merchant Bank made this projection in the company’s weekly insights released yesterday. They also noted that the agricultural sector is faced with many challenges which make it difficult […]
Economy: Buhari Hails Dangote, Private Sector, President Muhammadu Buhari has described the role of the Dangote Group as key to his administration’s plan for economic recovery and growth. The President who urged the private sector operators to join hand in bolstering Nigeria’s economy, said the key to modern economic growth and development is in the […]
The African Development Bank (AfDB) has said it plans to increase its loans to Nigeria by over $8 billion next year with investments in energy, infrastructure and agriculture. AfDB President, Akinwumi Adesina said it will grow its loan portfolio to Nigeria by more than $2 billion over the next one year.
CBN intervention policies, There are strong indications that the sustained and diversified intervention programmes of the Central Bank of Nigeria (CBN) would provide the required platform for the numerous micro, small and medium enterprises (MSMEs) to position for ultimate transformation into the arena of industrialisation. That would be a landmark achievement in the diversification agenda […]
Nigeria Economic Recovery is one of the key mandates of Federal Ministry of Budget and National Planning is to render policy advice to Federal Government on national development and national plans. The ministry is expected to advise government in all aspects of national development and design national plans in form of long, medium and short […]
Nigeria is exiting recession but its economic growth remains sluggish, the International Monetary Fund (IMF) said on Friday, after conducting a review of Africa’s largest economy. The regional power climbed out of its first recession in a quarter of a century in the second quarter, but economy remains vulnerable. That has contributed to a cycle […]