BUSSINESS

BREAKING: CBN to support nomadic herdsmen livestock production

BREAKING: CBN to support nomadic herdsmen livestock production

BUSSINESS
The Central Bank of Nigeria (CBN) will support and integrate small holders, subsistence and nomadic herdsmen through its Anchor Borrowers Programme (ABP) to boost livestock production. The CBN Governor, Mr Godwin Emefiele disclosed this at the briefing of some state Governors on the feat recorded in agriculture sector in Abuja on Thursday. Emefiele decried the Nigeria’s spending of about 1.5 billion dollar yearly on dairy production importation such as milk, yogurt, cheese and other milk derivatives. He added that over 95 per cent of milk products consumed in the country was imported, adding that the apex bank was determined to change this narrative. “We are also aware of the fact that 85 per cent of Nigeria’s cattle, estimated at over 20 million, are owned and
Federal Allocation: FG, States, LGAs share N740.880bn for August [See Breakdown]

Federal Allocation: FG, States, LGAs share N740.880bn for August [See Breakdown]

BUSSINESS
The Federal Government, States and Local Government Areas (LGAs) on Thursday shared N740.88 billion as federal allocation for the month of August. This was contained in a communique issued at the end of the Federation Accounts Allocation Committee (FAAC) meeting and signed by Mr Ahmed Idris, the Accountant-General of the Federation (AGF), in Abuja. The communique said that the gross statutory revenue of N631.79 billion received for August was lower than the N674.36 billion received in the previous month by N42.56 billion. It also said that the gross revenue available from VAT for August was N88.08 billion as against the N94.15 billion that was distributed in July, resulting in a decrease of N6.07 billion. However, additional N20 billion from the Forex Equalisation ...
JUST IN: VP Osinbajo Presides Over National Economic Council Meeting

JUST IN: VP Osinbajo Presides Over National Economic Council Meeting

BUSSINESS
Vice President Yemi Osinbajo is currently presiding over the monthly National Economic Council (NEC) at the State House, Abuja. Mr. Laolu Akande, the spokesperson to Prof. Osinbajo, revealed this through his twitter handle on Thursday. He noted that state governors, the Central Bank of Nigeria Governor and some members of the Federal Executive Council were in attendance. “Vice President Yemi Osinbajo is now presiding over the monthly National Economic Council, NEC meeting with state governor, CBN Governor and some members of the FEC,” he tweeted. He then added that, “NEC is the constitutional body that advises the President on the coordination of economic affairs of the Nigerian federation. NEC under the leadership of Prof Osinbajo between 2015 to April 2019 pass
N10,000 Tradermoni: Apologize To Nigerians Now Or Face More Humiliation – Activist Warn Osinbajo

N10,000 Tradermoni: Apologize To Nigerians Now Or Face More Humiliation – Activist Warn Osinbajo

BUSSINESS
A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC) has called on the Vice President, Yemi Osinbajo to beg God and seek forgiveness of Nigerians over the role he played in sharing the N10,000 Tradermoni used to deceive most people before the last general elections. Frank said Osinbajo, a Redeemed Christian Church of God (RCCG) pastor, allowed himself to be used and is now facing humiliation from the same people as a reward. Reacting to the reported bitter experience the Vice President and his aides are currently facing in government, Comrade Frank, through a statement made available to newsmen on Thursday, said Nigerians should not feel sorry for Prof. Osinbajo unless he apologises for being one of the major ca...
Buhari sets up task force to recover N5trn AMCON debt

Buhari sets up task force to recover N5trn AMCON debt

BUSSINESS
The Buhari Government, in its bid to recover over N5 Trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON), has inaugurated an inter-agency Committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, SAN, on Monday at the Presidential Villa, Abuja, tasked its members to turn the tide in what has been a rather difficult process where debtors have continued to default in their payment obligations. About 67 per cent of the outstanding N5tn debt is said to be owed by just 20 individuals/entities. “One of the Terms of Reference is for the Committee to prepare a report, giving us a sense of what the timelines would be,” the VP noted. Following the challenges encountered from the debt-recovery processes
JUST IN: Finally South Africa Grants Landing Permit To Air Peace

JUST IN: Finally South Africa Grants Landing Permit To Air Peace

BUSSINESS
South African authorities have granted landing permit to Air Peace Flight B777 to enable it to evacuate some 320 Nigerians escaping from xenophobia in that country, a Nigerian consular officer has confirmed. Nigeria’s Consul- General in Johannesburg, Mr Godwin Adama, made the confirmation in a telephone interview with News Agency of Nigeria (NAN) on Tuesday. Adama spoke against the background of a complaint by the Managing Director of Air Peace, Chief Allen Onyema. Onyema had said that the refusal of South Africa to grant the permit made it impossible for the flight to leave Lagos at 1a.m. for Johannesburg to convey the second batch of returnees. But Adama said the permit had been granted the airline and that the flight would be late in the night of T
Air Peace Flight Evacuating Nigerians From South Africa Delayed Again

Air Peace Flight Evacuating Nigerians From South Africa Delayed Again

BUSSINESS
Again, The arrival of about 320 Nigerians living in South Africa has been delayed. The delay was as a result of the Air Peace Airline not obtaining a landing permit on time. According to the airline, it just received a landing permit for its flight this afternoon. The 320 returnees were initially expected home today as part of the government’s efforts to evacuate Nigerians, in the wake of xenophobic attacks in South Africa. So far, 187 Nigerians have been successfully evacuated and profiled according to their states. The Federal Government has also confirmed that none of the returnees are criminals and that issues of compensation for victims will be handled by the Ministry of Foreign Affairs. Meanwhile, the Minister, Geoffery Onyeama says the xenophobic attack
See how to win 2 Million, a tour of Europe in the TECNO CAMission contest

See how to win 2 Million, a tour of Europe in the TECNO CAMission contest

BUSSINESS
Have you ever dreamed of going to beautiful destinations in Europe?  Dream no more, because TECNO is here to fulfill that dream.  Africa number one smartphone brand-TECNO , known for giving back to the community, is once again set to reward people with up to 2million Naira and a tour to beautiful destinations in Europe in the “Unlock A New CAM*ERA” photography contest. That is not all, participants also stand a chance to win a recognition on National Geographic Magazine and a chance to be among the people that will win cash prizes up to $11,000 when they upload their creative pictures on a photography contest mini site To qualify for all of these prizes, you will need to join the “Unlock a new CAM*Era contest” and stand a chance to be selected among the 24 p
Buhari Will Not End Relationship With South Africa Despite Afro-phobic Attacks – FG Declares

Buhari Will Not End Relationship With South Africa Despite Afro-phobic Attacks – FG Declares

BUSSINESS, TERRORISM /CRIME
The Federal Government on Friday declared that it won’t severe diplomatic relationship with South Africa despite the renewed xenophobic attacks on Nigerians. Minister of Foreign Affairs, Geoffrey Onyeama made the disclosure when he appeared before the senate committee on Diaspora at the National Assembly. Onyeama said taking such action would not be in the interest of Nigerians in South Africa, adding that Nigeria would consider other options apart from diplomatic ties severance, to resolve the ongoing crisis. He said: “We are not thinking to the stage of diplomatic ties called off. There are various options. We are not by any means at a stage where we are breaking diplomatic relations with South Africa. “We just met with the senate committee to review the situati
Afrophobia: ‘Reps Will Authorize Legal Funding For Victims Of Attacks In S’Africa’ – Gbajabiamila

Afrophobia: ‘Reps Will Authorize Legal Funding For Victims Of Attacks In S’Africa’ – Gbajabiamila

BUSSINESS
The Speaker of the House of Representatives, Honourable Femi Gbajabiamila has said that the House will authorise legal funding for Nigerians who are victims of the recent xenophobic attacks in South Africa.  Mr Gbajabiamila revealed this at a press briefing on the xenophobic attacks in the country. “The house will also authorise legal funding for victims of the attack who wish to take legal action against the perpetrators,” he said. The Speaker also called on Nigerians to avoid attacking South African businesses in Nigeria. He further revealed that the House aligns with President Muhammadu Buhari on his decisions concerning the matter. According to him, the House will invite the Minister of Foreign affairs, the Nigerian Ambassador to South Africa and the
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