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The Federal Capital Territory Administration (FCTA) through its Agriculture and Rural Development Secretariat (ARDS) is set to develop innovative strategies to enhance agricultural efficiency and productivity in the nation’s capital. Mr. Lawal Geidam, the secretary of the secretariat, stated this in Abuja, after receiving briefs from different departments in the secretariat on their operations, achievements, and challenges. The secretary noted that the secretariat would also educate and equip residents, particularly the youth, with the necessary...

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Anambra State Government has signed memorandum of understanding with thirteen organisations across different economic sectors including commerce and automobile. The MOU signing ceremony was highpoint of the Anambra Investment Summit, ANINVEST 2023, held at Anambra International Convention Centre, Awka. The MoUs were signed with Universal Elysium Ltd for the development of Onitsha River Port, Birds Water Ltd and Neni Development Union for the development of Neni Water Scheme, OMAA Global Engineering and Tech for the...

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To unravel the discrepancies in the importation and supply of Premium Motor spirit (PMS), the House of Representatives is seeking a forensic audit of the Nigeria National Petroleum Corporation Limited (NNPCL) also known as fuel from 2015 to date. According to the House ad-hoc committee, the volume of fuel consumed daily in the country, will give clarity to the Direct Sale, Direct Purchase (DSDP) programme and the consortiums of DSDP operators. The committee which report...

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With regard to the cashless policy of the Central Bank of Nigeria (CBN), two Lagos based lawyers and an economist have said that obeying the Supreme Court ruling is the best way to go for the nation. Emeka Iheonu, a Lagos based lawyer and Alaowei Ebikonbowei Cleric, a human rights lawyer as well as a former World Bank/International Monetary Fund (World Bank/IMF) expert have hailed the court’s ruling, and stressed that as the highest court...

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Nigeria President Muhammadu Buhari has vowed to reposition the nation’s economy and improve security across the country before the end of his second tenure administration. President Buhari disclosed the State House Abuja while receiving Executive members of the Catholic Bishops’ Conference of Nigeria (CBCN) and noted that the security situation had improved over the years, particularly in the North East where the focus had shifted to rebuilding infrastructure and re-orientation on education. He told the...

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Fifteen days after pegging weekly over-the-counter cash withdrawals by individuals and corporate organisations at N100,000 and N500, 000, respectively, the Central Bank of Nigeria (CBN) has reviewed the controversial policy. In a memo issued on Wednesday and signed by Haruna Mustafa, the director of banking supervision, the CBN announced a new maximum cash withdrawal limit of N500,000 and N5,000,000 per week for individuals and corporate entities, respectively. The processing fee for withdrawals above the above-mentioned...

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Femi Falana, a human rights advocate, has described the new cash withdrawal policy introduced by the Central Bank of Nigeria (CBN) as illegal and null. Falana expressed his dissatisfaction in a statement on Monday The central bank had earlier disclosed that it has directed deposit money banks and other financial institutions to ensure that weekly over-the-counter cash withdrawals by individuals and corporate entities do not exceed N100,000 and N500,000, respectively. The policy is expected to...

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Digital economy has gained traction in the lexicon of Nigeria’s public office seekers, to the extent that many “youth empowerment” programmes of power seekers now contain some sort of activities relating to acquisition of digital skills, by the citizenry. But in reality, many of those with thriving digital footprints, set out on their own without any form of “empowerment”. This is the story of Geeksvillage, just like many other digital and tech solution providers in...

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Nigeria needs help from the international community in tackling its debt burden according to Akinwumi Adesina, president of the African Development Bank (AfDB). He disclosed this Nigeria International Economic Partnership Forum in New York on Thursday. He stated that financing is critical to solving Nigeria’s development challenges. “Financing is critical because the debt to GDP ratio of Africa has increased to 70 percent — several countries are the risk of high debt distress due to...

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Chairman of Aliko Dangote Group, Aliko Dangote, is now the 63rd richest billionaire in the world, according to the latest ranking by Bloomberg. In the ranking released on Wednesday, July 13, the Chief Executive Officer of Tesla, Elon Musk, was listed as the richest billionaire in the world, as of Monday, July 11. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. According to the financial, software, data, and media company...

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