The Nigeria Customs Service (NCS) and the Rice Farmers Association of Nigeria (RIFAN) have signed a Memorandum of Understanding (MoU) to stop rice smuggling through land borders in the country. The MoU was conceived following strong indications that over 99 per cent of rice smuggled into the country are unfit for human consumption. President of […]
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Nigeria on Thursday began to export yams to Europe and the United States, as part of moves to diversify its oil-dependent economy and earn much-needed foreign exchange. Agriculture minister Audu Ogbeh flagged off the first consignment of the fibrous tuber from the port in the country’s economic capital, Lagos. “Oil and gas cannot employ millions […]
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Acting President Yemi Osinbajo, has offered nine months grace to tax payers to regularise their tax status or face criminal prosecution for tax evasion. Osinbajo gave the ultimatum in Abuja on Thursday at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDS). He said the scheme was specially targeted at taxpayers who are […]
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The European Union (EU) Ambassador to Nigeria and ECOWAS, Mr. Michel Arrion, has foreclosed EU financial assistance to Nigeria. Arrion, who made this known in Abuja while delivering a Distinguished Lecture organised by the IBB Golf Club, with the theme, “40 Years of European Union in Nigeria: Lessons Learned and the Way Forward”, said that […]
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The plan by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost on Thursday with the execution of a tripartite agreement in Abuja. The agreement was between the NNPC/FIRST Exploration & Production Joint Venture and Schlumberger for the development of […]
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The Manufacturers Association of Nigeria (MAN) says it will save billions of dollars on importation of raw materials through partnership with professionals in the chemical sector in the country. Speaking at the signing of a Memorandum of Understanding (MoU) between MAN and the Chemical Society of Nigeria (CSN) recently, MAN President, Frank Jacobs, said the […]
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The President, Chartered Institute of Bankers of Nigeria, Prof. Segun Ajibola, has outlined national integration, policy planning and implementation, as well as citizen mobilisation as key elements on the path to the country’s economic growth. Ajibola submitted that national integration and successful policy planning and implementation were inseparable. He said, “Nigeria as a country has […]
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Minister of Communications, Mr. Adebayo Shittu, has said that the ministry would leverage on information and communication technology (ICT) to rejuvenate the Nigeria’s economy as well as encourage online jobs through the implementation of various initiatives. The minister stated this recently in a keynote address at the opening ceremony of the Ife Youths Economic Summit […]
Read More The Nigeria Customs Service (NCS) will sell seized goods from Saturday when its auction online portal is opened. Its Public Relations Officer (PRO), Mr Joseph Attah, said the goods would be sold to the highest bidders. Attah, a Deputy Comptroller of Customs, also said the NCS has embarked on campaigns on the trade facilitation programme […]
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The Central Bank of Nigeria (CBN) has assured that Nigeria would meet its 6.1 million tonnes rice demand by the end of this year’s harvest season. Acting Director, Corporate Communications of the bank, Mr. Isaac Okoroafor, who disclosed this in Awka during a three-day sensitisation workshop for the people of Anambra State, said already the […]
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Minister for Budget and National Planning, Mr Udoma Udo Udoma, has warned Federal Government Ministries, Departments and Agencies (MDAs) against padding their personnel budget proposals for the 2018 fiscal year. The Minister gave the warning in a circular to the Chief of Staff to the President, the Deputy Chief of Staff to the Vice President, […]
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Former President Olusegun Obasanjo is partnering with the African Development Bank (AfDB), the Olusegun Obasanjo Presidential Library (OOPL) and International Institute of Tropical Agriculture (IITA) to launch a new agricultural production initiative known as the Nigeria Zero Hunger Forum (NZHF). The forum targets boosting food production and ending hunger in the country by 2030. A […]
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