Mozambique makes $25m from cotton

Mozambique produced 66 thousand tons of cotton and earned about $25 million from seed cotton in 2017/2018. The country’s Minister of Agriculture and Food Security, Higino Francisco, said the gains benefitted some 219,000 Mozambican families. According to him, this figure is the result of a cultivated area of 181 thousand hectares, which resulted in the […]

Naira remains stable at parallel market

By Fabian Ekeruche The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar. The Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the […]

Olam offers N130b to acquire Dangote flour mill

Olam International, a Singaporean agro-allied company, has offered N130 billion to acquire Dangote Flour Mill (DFM). Dangote Flour Mills, in a notice to the Nigerian Stock Exchange (NSE), said that the total consideration offered by Olam to acquire its five billion shares was N130 billion. Olam, through its subsidiary Crown Flour Mills, currently owns over […]

Poor revenue hinders budget implementation

The federal government has decried Nigeria’s weak revenue generation profile which it said was hindering ability to operate the national budget. The Special Adviser to the Minister of Finance on Media and Communications, Mr Paul Ella Abechi, said the finance minister was unhappy with the country’s poor revenue generation drive. According to Abechi the Minister […]

African women launch award

The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has launched its 3rd edition of the AWIEF Awards. The annual AWIEF Awards is Africa’s most prestigious event designed to highlight and celebrate the achievements of women entrepreneurs. It is also to honour business leaders who contribute to the transformation and development of Africa’s economy, creating jobs […]

How Nigeria should address subsidy issue

T The recent call by the International Monetary Fund (IMF) to the Federal Government to end subsidy on petrol, followed by a sudden re-appearance of long queues at filling stations across the country, has once again put the government in a tight corner over how to deal with the matter. The Managing Director of the […]

FG, Come Clean on Fuel Subsidy

T Few public policy issues raise as much anxiety and apprehension among Nigerians as any talk of increasing fuel prices. That was precisely what happened last week when Managing Director of the International Monetary Fund [IMF] Mrs. Christine Lagarde “advised” the Nigerian government to jettison spending on fuel subsidy. She said government should instead expend […]

The Coast Guard is looking, but it really seems like Japan has lost an island

Terms of Service, Privacy PolicyandCookies Policy. Sitemap Disclaimer Commerce Policy Coupons Made in NYC Stock quotes C Japan appears to have lost an island It’s only a small one, but probably not a good look when taking into account that country’s various maritime disputes. The Coast Guard is looking, but no one has seen Esanbe […]

More trouble for Nigerian banks as FG is set to seize N100bn from 22 banks

Federal Government agency, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), has vowed to probe commercial banks for collecting illegal stamp duty. The money, according to the RMAFC, has reached over N100billion.A statement by the Commission’s spokesperson, Ibrahim Mohammed, on Sunday, said the probe would involve a forensic investigation of the funds collected as stamp […]

Seven traditional cuisines you should try on your next trip to Eastern Nigeria

sJust as every country or region has a number of shared values; beliefs; and cultural norms, there are also unique cuisines that are typical of every ethnic subculture. The Igbo people of the south-eastern Nigeria are no exception, being known for numerous traditional delicacies, most of which are deeply ingrained as a delicate aspect of […]