There would be no food security without proper soil management – NISS
The Nigeria Institute of Soil Science, NISS, on Tuesday said that food security would remain a mirage in Nigeria if the soil is not properly managed.
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CBN Slashes Customs FX Duty Rate by 5.3% Amid Naira Stability
In a move reflecting the stability of the Nigerian naira against the dollar, the Central Bank of Nigeria (CBN) has implemented a 5.3% reduction in the exchange rate used for computing Customs duties at the nation’s seaports. The Customs FX duty rate has been adjusted from N1,630.159/$ to N1,544.081/$, effective from Monday, March 4, 2024….
CBN Revokes Licenses of 4,173 BDCs Amid Efforts to Stabilize Forex Market
In a bid to restore confidence in Nigeria’s foreign exchange market, the Central Bank of Nigeria (CBN) has taken a significant step by revoking the licenses of 4,173 Bureaux De Change (BDC) operators. The CBN accuses these operators of failing to comply with regulatory provisions, as revealed in a statement by the Acting Director of…
ESUT, Ministry of Youths and Sports to partner on entrepreneurship development
The Enugu State University of Science and Technology, ESUT, and the state’s Ministry of Youths and Sports, on Thursday, reached an agreement to partner on youths entrepreneurial training in the state.
South-East nominee Declines Tinubu’s appointment to CBN Board
In an unexpected turn of events, Urum Kalu Eke, a nominee for membership of the Central Bank of Nigeria (CBN) Board of Directors, has declined the offer, citing conflicts with his current role as a consultant with the World Bank and other entities. The revelation came to light during the Senate’s Thursday plenary when the…
Geometric Integrated Power Project Commissioned in Aba: A Milestone in Abia State’s Development
Abia State Governor, Alex Otti, expressed immense pleasure and pride as he joined Vice President Senator Kashim Shettima and other dignitaries to commission the Geometric Integrated Power Project (GIPP). This significant achievement in the power sector marks the culmination of 20 years of visionary leadership, hard work, and commitment by Prof. Barth Nnaji and the…
FEC Approves Orosanye Report for Governance Restructuring
The Federal Executive Council (FEC) has given its approval for the implementation of the Orosanye Report, aimed at reducing the cost of governance in Nigeria. The decision, announced by the Minister of Information and National Orientation, Mohammed Idris, came after the FEC meeting presided over by President Bola Tinubu. The adoption of the Orosanye Report…
Netherlands Investors Pledge €25 Million Grant for Crucial Bridge Construction in Nigeria
In a significant development, the Ministry of Works, representing the Federal Government, has successfully secured a €25 million grant to fund the construction of 28 vital bridges across Nigeria. This milestone was revealed during a productive meeting held in Abuja on Friday, where a delegation of investors from the Netherlands, spearheaded by the Nigerian Ambassador…
UK , Nigeria to Sign Trade , Investment Partnership
The United Kingdom and Nigeria are on the verge of signing a historic partnership agreement that will allow British legal practitioners to conduct business and provide services in Nigeria. The deal, named the Enhanced Trade and Investment Partnership (ETIP), aims to boost cooperation, promote trade and investment, and create new opportunities for both nations. This…
Nigeria’s FIRS to Enforce Tax Payment for Social Media Content Creators and Influencers
In a bid to bolster revenue collection and ensure tax compliance, Nigeria’s Federal Inland Revenue Service (FIRS) has set its sights on social media content creators and influencers, asserting that they constitute a substantial group of tax evaders. Dare Adekambi, Special Adviser on Media to the FIRS chairman, revealed that skit makers, influencers, and other…