investments
Ebonyi governor urges residents to ignore IPOB’s sit-at-home order
Ebonyi State governor David Umahi has urged the people of the state to ignore the sit-at-home order by the Indigenous People of Biafra (IPOB) and go about their normal activities. He stated this on Saturday in Abakaliki, Ebonyi State capital. He said: “I have been getting voices from certain agitators that tomorrow there will be no movement, this is foolishness. If there is no movement in the southeast, is there no movement in the whole country? What an Ebonyi man will never accept is to go into second slavery under any guise. “We know the Biafra we need is to have enough money so that we cleanse up the toga of the slavery that our brothers and sisters subjected us into when we were under what they want us to be under. “We need money, if you love Ebonyi state, bring money, come up and put ...
Ekiti governor endorses outcome of Southwest APC leaders’ meeting
Ekiti State Governor, Dr. Kayode Fayemi, wholeheartedly supports the stance of the All Progressives Congress (APC) Southwest leaders at their meeting that took place in Lagos on Sunday, May 23rd, 2021 despite his absence at the meeting. Dr. Fayemi’s absence at the meeting was a result of a mix up in the invitation sent out for the meeting. For clarity, the invitation for the meeting which was said to have been sent via Whatsapp by Mr. Tunde Rahman, an aide to Asiwaju Bola Tinubu, never got to Governor Fayemi. The absence of an invitation for the Southwest APC leaders meeting prevented the Governor from attending the meeting, as he was not aware. Governor Fayemi however sent an apology to the meeting through former Ekiti State Governor and Minister of Industries, Trade and Investments, Otun...
Kwara governor: I will continue to embark on people-oriented investment
Gov. AbdulRahman AbdulRazaq of Kwara says his administration will continue to embark on people-oriented investments that will be of benefit and reward to the people of the state. AbdulRazaq made the remarks when the Emir of Ilorin, Alhaji Ibrahim Sulu Gambari, visited the Government House on the Annual Bareke, on Friday in Ilorin. Newsmen report that Bareke is a royal practice, where the traditional institution reciprocates an earlier sallah homage by the head of the government institution. The governor said his administration would continue to commit more of the state’s resources to developmental projects that would have direct impact on the lives of the poor and vulnerable persons in the society. He said in the past two years of his administration, there had been deliberate activities to...
Nigerian farmers raise alarm as insecurity threatens food availability
Some concerned parties in the agriculture sector have appealed to the federal government to intensify efforts in curbing banditry, kidnapping and terrorism, as these can threaten food security. The parties made the appeal in separate interviews with newsmen on Friday in Abuja. They noted that the recent increase in kidnapping and banditry had made a lot of farmers run from their farmlands in search of safe hideouts. The Executive Secretary, National Agricultural Land Development Authority (NALDA), Paul Ikonne, said there was a need to urgently address the insecurity challenges in the country in order to overcome the challenge of food shortage. Ikonne noted that dialogue remained critical in addressing issues of insecurity and herders, adding that a peaceful dialogue between farmers and her...
VP Osinbajo: Nigerian government democratising broadband connectivity
It’s the first in sub-Saharan Africa and one of the three such cutting-edge facilities on the continent, with top prime global certifications for smart card manufacturing and it is based in Lagos, Vice President Yemi Osinbajo, SAN, relished yesterday afternoon while touring SecureID company’s premises, and affirmed Nigeria’s extremely bright economic future, which he said cannot be aborted despite current challenges. According to him, “the economic future of our nation is extremely bright. Yes, we have challenges today and they may look daunting. But let me assure you that these issues will be resolved. The march of this nation to its manifest destiny as Africa’s leading economic power will not be aborted. We are more than able to overcome.” An impressed Prof. Osinbajo said the Buhari Admi...
CSCS reiterates commitment to deepening capital market
The Central Securities Clearing System (CSCS) has restatement its commitment in repositioning business to efficiently play a more active and leading role in deepening the Nigerian capital market growth. Also, CSCS grew its profit after tax by 41.4 per cent for the year ended December 31, 2020. The company results showed that amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Group grew total income by 31.3 per cent year-on-year (YoY) to N12.09 billion. Profit after tax grew by 41.4 per cent to N6.93 billion, translating to N1.39 earnings per share. The group delivered 20.3 per cent return on average equity for the 2020 financial year, compared to 15.3 per cent in 2019 full year. The company’s total assets stood at N41.42 billion, as again...
Wheat farmers bemoan $6.1 billion annual import, laud CBN restriction on forex for importers
The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria. The President of the association, Alhaji Salim Muhammad, made this known at a news conference on Wheat Forex in Abuja on Thursday. Muhammad commended the Central Bank of Nigeria (CBN) over the policy that placed wheat on Forex restriction. He described it as an impressive policy and a welcome development. According to him, Nigeria consumes 5 million metric tons of wheat per annum, while a meagre 420,000 tons is produced locally. He said that in view of numerous challenges that plagued local production, the policy would enable the government to unlock the unrealised potentials in the wheat sub-sector. “The forex restriction policy will give relevant stakeholders the confiden...
I’m a Shopping Editor and This Is the One Designer Bag I Carry All the Time
There is a certain stereotype of fashion editors that the media loves to peddle—you know the sort: glossy glamazons tottering around in sky-high stilettos, clutching an assortment of microscopic designer handbags. Well I hate to disappoint, but when it comes to accessories, specifically bags, I am boringly utilitarian, but thankfully there is one piece in my arsenal which manages to offer both form and function. Oh A.P.C Demi-Lune, how did I ever function without you? You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair shar...
Navy’s newest offshore survey vessel begins homeward voyage to Nigeria
The Nigerian Navy (NN), says its newest offshore survey vessel, NNS LANA, has began her homeward journey to the country. This is contained in a statement issued on Saturday in Abuja by the Director of Information, Naval Headquarters, Commodore Suleman Dahun. He, however, said the ship will visit ports in Lisbon, Las Palmas, Banjul and Tema-Ghana, before heading to Nigeria on May 17. According to Dahun, the Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, had addressed the ship’s company. The CNS noted that the foremost desire of every littoral state is to have a fleet with the right mix of platforms to meet its operational objectives. Gambo acknowledged that the homebound voyage of NNS LANA was another milestone in the NN’s fleet recapitalisation efforts. He added that the induction of N...
Nasarawa committed to sports development – governor
Gov. Abdullahi Sule of Nasarawa has reiterated his administration’s commitment to sports development in order to positively engage youths in the state. Sule stated this when he hosted members of National Super Bike Clubs’ Association of Nigeria who paid him a courtesy call in his office, on Friday in Lafia. The governor, represented by the Commissioner for Youths and Sports Development, Alhaji Othman Bala-Adam, thanked members of the association for the visit, assuring them of a fruitful stay in the state. “My administration remains committed to harnessing youths’ sporting potentials and tackling restiveness in the state. “I appreciate your decision to choose Lafia for your maiden Super Bikes Clubs competition and assure you of my support. “This is a timely initiative and a call for invest...
UN projects Nigeria’s GDP to expand by 1.5 percent
Nigeria’s gross domestic product (GDP) is projected to expand by 1.5 per cent this year, after a contraction of 3.5 per cent in 2020, a United Nations (UN) report said on Wednesday. In the latest World Economic Situation and Prospects report, the UN noted, that tighter foreign exchange (forex) liquidity, mounting inflationary pressures and subdued domestic demand clouded the medium-term outlook. Although last year, the global economy shrank by 4.3 per cent, this year’s projected recovery of 4.7 per cent will barely offset the losses of 2020, according to the report. The World Economic Situation and Prospects 2021 is a report produced by the UN Department of Economic and Social Affairs (DESA), in partnership with the UN Conference on Trade and Development (UNCTAD), and the five UN regional ...
DPR: Market forces should determine gas prices
File Photo The Department of Petroleum Resources (DPR) has advocated that market forces should be allowed to determine gas prices to guarantee the security of supply and demand of the commodity. Mr Sarki Auwalu, the Chief Executive Officer, DPR, disclosed this while presenting keynote address at the pre-summit conference on “Decade of gas’, in Abuja, on Monday. Auwalu said that the right and market-based pricing of gas was critical, as it would assure producers of returns on their investments. He also outlined five critical levers for gas development, especially as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for economic transformation. According to him, the levers include availability, accessibility, a...
