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Diversification

African oil-producing countries among the most hard-hit as oil price plunges

African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price. Oil price crashed below $20 dollars on Monday, the lowest in 18 years. In particular, Senegal, Nigeria and Angola continue to face new challenges each day amid the threat of economic fallout.
Sokoto State Governor, Alhaji Aminu Tambuwal

Coronavirus: Sokoto cancels trade fair inauguration

Sokoto State Government has cancelled public inauguration of 2020 International Trade Fair organised by the Sokoto Chamber of Commerce, Industry, Mines and Agriculture (SOCCIMA).
Newly sworn in Governor of Bayelsa, Sen. Douye Diri, has urged the state House of Assembly to expedite passage of the 2020 Appropriation Bill he would soon present for consideration.

Bayelsa to commence distribution of central bank agric loan soon

In a bid to ensure food sufficiency and diversification of the local economy through local production of goods, the government of Bayelsa State has promised to soon commence the distribution of the Central Bank of Nigeria (CBN) agricultural loan facility to only real farmers across the state, irrespective of their political party affiliation.
Aliko Dangote, president of the Dangote Group and chief sponsor of the Dangote Foundation, says he wants to be like Bill Gates and try to give a chunk of his wealth to charity in the next few years.

Aliko Dangote: Nigeria running late for economic diversification

The President of the Dangote Group, Alhaji Aliko Dangote, has said the diversification of the Nigerian economy needs to be achieved urgently, following Monday’s crash in the price of crude oil.
Niger State Governor and Chairman, North Central Governors’ Forum, Abubakar Sani Bello, has said that there is an urgent need for the diversification of the Nigerian economy as a result of the volatility in the global price of crude oil.

Niger calls for diversification of economy amid falling crude oil prices

Niger State Governor and Chairman, North Central Governors’ Forum, Abubakar Sani Bello, has said that there is an urgent need for the diversification of the Nigerian economy as a result of the volatility in the global price of crude oil.

CBN: No hiding place for bad debtors

The Central Bank of Nigeria (CBN) vowed on Saturday that there will be no hiding place for bad debtors in the country.g

Nigeria to support agro-industrial processing zones, creates more jobs – minister

The Minister State for Agriculture, Mr Mustapha Shehuri, says Federal Government will support and promote Special Agro-Industrial Processing Zones (SAPZs) and creation of more job opportunities in the sector.
President of the Senate, Ahmad Lawan with the Executive Governor of Yobe State, Mai Mala Buni, on arrival at River Alkamaram, Mauyi Ganga, venue of the Bade Cultural and Fishing Festival in Yobe State on Sunday, February 9, 2020. 7

Yobe: Senator Lawan seeks partnership on fishing, cultural festival — in pictures

President of the Senate, Ahmad Ibrahim Lawan, has urged Ministries and Agencies of government, as well as Corporate bodies to partner the Yobe State Government on the Mauyi Ganga fishing and cultural festival.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

Nigeria undergoing reforms for AfCFTA

Intra-Africa trade has been historically low due to numerous trading rules and tariffs of many countries, leading to untapped potential in the region.
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), has again accused President Muhammadu Buhari of clamping down on the judiciary.

2023: Atiku Abubakar, other PDP chieftains must seek forgiveness from God, Nigerians – APC

The All Progressives Congress (APC) has advised the former vice president and Peoples Democratic Party (PDP) presidential candidate in the last general elections, Atiku Abubakar and other chieftains of the latter party to seek forgiveness from God and Nigerians.
The Arewa Consultative Forum (ACF) has called for deployment of modern technology to tackle insecurity in the country.

Arewa CF tasks governments on use of modern technology to effectively tackle insecurity

The Arewa Consultative Forum (ACF) has called for deployment of modern technology to tackle insecurity in the country.
The African Export-Import Bank (Afreximbank) says it is providing one billion dollars grant to African countries to support the implementation of the Agreement for the African Continental Free Trade Area (AfCFTA).

UNIDO: AfCFTA veritable platform for Africa’s industrialisation agenda

The African Continental Free Trade Area (AfCFTA) agreement will provide a new impetus to the continent’s industrialization agenda through increased intra-African trade.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate seeks tax holiday for agriculture, mining investors

The Senate on Thursday urged the Federal Government grant tax holidays to investors in the solid minerals sector to enhance investment.
Kayode Fayemi

Governor Fayemi: Federal government to support artisanal mining operators

Dr. Kayode Fayemi, Ekiti State governor, has hinted that the Buhari-led Federal Government was giving a lot of attention to the mining sector, in addition to the support from development partners.
Kayode Fayemi

Ekiti governor, minister seek stakeholder buy-in for mining sector

Ekiti State Governor Kayode Fayemi and the Minister of Mines and Steel Development, Olamilekan Adegbite, have called for stakeholders’ buy-in for the exploitation of economic opportunities in Nigeria’s mining sector.
President Muhammadu Buhari on Tuesday has said that he is suffering from cold.

President Buhari: Why Nigerians must ‘patronize made-in-Nigeria’ products

President Muhammadu Buhari has called on Nigerians and the private sector to patronise Made-in-Nigeria products.

Report: Why Nigeria’s economic growth is slow

The decline in government revenues and the slow and uneven growth in key sectors of the economy are key factors in the stagnation of the nation’s economic development, an economic analysis conducted by the Centre for Democracy and Development (CDD) shows.

Obafemi Awolowo university mulls own airport to support aeronautic studies

The vice chancellor of the Obafemi Awolowo University, Ile-Ife, Osun State, has disclosed plans by the university to build its own airport within the campus to support its aeronautic programme.

Recent Stories

Mexico boss Tata Martino is willing to negotiate a pay cut to help during the coronavirus pandemic and believes every coach and player should be ready to do so.

Mexico manager Tata Martino willing to take pay cut during coronavirus crisis

Mexico boss Tata Martino is willing to negotiate a pay cut to help during the coronavirus pandemic and believes every coach and player should be ready to do so.
The deadline to leave for up to four cruise ships anchored off the Australian State of Queensland will come at midnight on Wednesday.

Deadline looms for cruise ships still in Australian waters amid coronavirus outbreak

The deadline to leave for up to four cruise ships anchored off the Australian State of Queensland will come at midnight on Wednesday.
This was made known by the Secretary to State Government, SSG, Mr Emmanuel Ekuwem during the routine covid-19 press briefing held in Government House, Uyo on Tuesday, April 07, 2020

Akwa Ibom: Five coronavirus cases hale and hearty

The Akwa Ibom state government has stated that all five reported positive test cases of COVID-19 in the state are hale and hearty while awaiting the conduct of a reconfirmation test.

Work Health Day: NMA seeks healthy, dignifying working environment for workers

As the World Health Organisation, WHO, celebrates the nursing profession by making the theme of the 2020 World Health Day to be “Support Nurses and Midwives,” the Nigerian Medical Association, NMA, has asked for a healthy and dignifying working environment for health workers in the country.
Sadio Mane has challenged Liverpool to prove their title-winning credentials after suffering back-to-back defeats for the first time this season.

Sadio Mane states how he will react if Liverpool are not awarded the title

Plenty of people on social media have suggested that the season should be cancelled, but it is highly unlikely that it will come to that, as UEFA president Aleksander Ceferin has stated that Liverpool will more than likely be awarded the title at some point.