THE United States will build a cotton seed factory industry in Busia County to increase farmers’ output. Busia Governor Sospeter Ojaamong said the county will partner with the United States Agency for International Development to construct the factory to produce [...]
The Aquaculture Enterprise (AE) has disclosed that its main aim is to promote fish farmers in the country so that in the end they become sustainable by operating as businesses rather than subsistence activities. At present it is supporting 20 [...]
The Federal Government has moved to end the perennial clashes between Fulani herdsmen and farmers in parts of Nigeria. The government yesterday resolved that a technical committee be set up to tackle the issue after a meeting held at the [...]
A few weeks after Nigeria’s Finance Minister, Ngozi Okonjo-Iweala, announced a reversal of the government’s rice policy, the Nigeria Ports Authority, NPA, says 11 ships carrying rice will arrive in the Lagos ports between March 24 and 26. The NPA, [...]
THE National Agricultural Export Development Board (NAEB) last week announced an increase in the coffee farm-gate indicative price (the minimum price payable to farmers) from Rwf142 to Rwf200 per kilogramme. The development is timely relief for sector players because some [...]
STANDARDS Organisation of Nigeria has approved Dangote 3X latest brand of Portland cement, saying it meet the requirements for constructing residential and commercial homes. Lagos State Bricklayers Association and the Association of Housing Corporations of Nigeria (AHCN) have also endorsed [...]
The decision by the Monetary Policy Committee (MPC) to retain the monetary policy rate (MPR) at 12 percent, and cash reserve ratio on public sector funds at 75 percent, while raising the CRR on private sector deposits to 15 [...]
As part of its efforts at ensuring that Nigerian consumers have the best cement product at affordable price, Nigeria’s leading cement manufacturer, Dangote Cement, yesterday launched a new brand, Dangote 3X Portland Cement. The new product, which comes in 50kg [...]
Central Bank of Nigeria (CBN) yesterday further tightened its monetary policy as it raised the private sector deposit Cash Reserve Requirement (CRR) to 15 per cent from 12 per cent while retaining the Monetary Policy Ratio (MPR) at 12 per [...]
Vice Chairman, Senate Committee on Housing, Land and Urban Development, Senator Gbenga Ashafa, has commended West African Ceramics Ltd on local production of high quality ceramic and vitrified tiles to meet the needs of the building construction industry in Nigeria. [...]
Apparently dissatisfied by attitudes of “Omoniles” on lands specifically reserved by government along the Ayobo axis, Lagos State Government has warned members of the public patronising the illegal speculators to desist from that or face the impending consequences. The state [...]
Following the divestment of Union Bank from Union Homes, a subsidiary of Union Bank Plc, Aso Savings & Loans Plc last week indicated interest to acquire Union Homes Savings and Loans Plc (UHSL). The company disclosed this through a notice [...]
Popular Igbo leader, Chief Rommy Ezeonwuka, has called on the Governor of Anambra State, Willie Obiano, to continue from where his predecessor, Peter Obi stopped in the areas of job creation and security. Ezeonwuka, who hailed the people of the [...]
The Industrial Development Corporation (IDC) of South Africa on Monday in Abuja, said it was prepared to invest in the Nigeria’s Mining and Forestry sectors. Mr Ashely Petersen, the company’s Senior Business Development Manager, Africa Unit, said this during a [...]
The Ministry of Niger Delta Affairs has said it’s exploring other sources of financing to bridge the funding gap, which has largely torpedoed the delivery of the 338 kilometres East-West road in the last few years. This is even as [...]
A Private Investor, Festrut Conglomerate is set to establish a Farm, covering 100 hectares of land at Uzebba, Edo State that will provide about 15,000 employment opportunities for the people of Edo state. Chairman/Chief Executive Officer of the company, Dr. [...]
In furtherance of the industrialization of Osun by the current administration, Governor Rauf Aregbesola has said arrangements have been concluded to build 5 ultra-modern mechanic villages worth 5billion in the state. He stated that the mechanic villages which will be [...]
The Lagos State government is set to increase it power supply from 1,000 megawatt to 15,000 megawatt by 2020. Speaking at a press conference on the forthcoming Ehingbeti 2014 Economic Summit, the Commissioner for Economic Planning and Budget, Mr Ben [...]
The United Nations has published the Joint Letter of Concern sent to the government of President Goodluck Jonathan in which they expressed concerns that “access to electricity (and regularity of supply) is a significant problem in Nigeria,” and raised eight [...]
President Goodluck Ebele Jonathan said Sunday at The Hague that the Federal Government has earmarked one billion U.S Dollars for the implementation of a comprehensive programme to check crude oil theft, the vandalism of oil and gas infrastructure, and the [...]
Aso Savings & Loans Plc has notified the Nigerian Stock Exchange of its intention to acquire Union Homes Savings & Loans (UHSL) Plc. As part of Central Bank Nigeria’s (CBN) approved restructuring exercise, Union Bank of Nigeria Plc decided to [...]
The National Broadcasting Commission (NBC) yesterday threatened to sanction radio stations that denied opposition parties access to using their media houses. The Director-General of the commission, Mr Emeka Mba, made the threat when he featured on the News Agency of [...]
Sierra Leoneans love to eat rice. For them, rice is the food to live on. “It doesn’t matter what other food they eat, they must eat rice at least once a day before they can say they have eaten at [...]
492 delegates to the National Conference today got their first pay today. Saharareporters can authoritatively report that each of the delegates got paid N1.45 million Naira after sitting for a week . The payment was made directly into the bank [...]
The Joint Transaction Board comprising the Boards of the National Council on Privatisation (NCP) and the Niger Delta Power Holding Company (NDPHC) friday gave approval to the preferred and reserved bidders of 7 out of the 10 NIPP power plants, [...]
The Director-General, Bureau for Public Enterprise (BPE), Mr Benjamin Dikki has attributed the agency’s success in the unbundling of the power sector to the removed all inhibitions by the Federal Government. In a statement on Friday in Abuja, Dikki said [...]
THE Federal Government, on Friday, named the preferred bidders for seven out of the 10 power plants built under the National Integration Power Projects (NIPPs) by the Niger Delta Power Holding Company (NDPHC). The government is selling the plants to [...]
At an event to celebrate the company’s 3,000th Liquefied Natural Gas export cargo in Abuja, the Managing Director of the company, Mr Babs Omotowa, stressed that the country’s decision to embrace the LNG investment has paid off. He explained that [...]
The House of Representatives has mandated its committee on public accounts to investigate the alleged financial recklessness of Diezani Alison-Madueke, minister of petroleum resources, for spending N10 billion on Challenger 850 aircraft in two years. The money was for payment [...]
Public Enterprises Minister Malusi Gigaba says that South Africa faces the challenge of transforming the economy into a value adding, job creating, manufacturing industry. Addressing stakeholders in Cape Town about opportunities at state owned companies, Malusi says that the country [...]
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