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Business

February 19th, 2021 Nigeria records minute positive economic growth of 0.11% during fourth quarter of 2020
Business

Nigeria records minute positive economic growth of 0.11% during fourth quarter of 2020

NIGERIA'S economy recorded a minute growth in gross domestic product (GDP) during the fourth quarter of 2020 witnessing a 0.11% rise in year-on-year wealth to N43.5trn ($113.45bn) .   Over the last year, the Nigerian economy has been hit...
February 19th, 2021 Niger State should be the epicentre of this move towards developing ranching in Nigeria but alas it appears their governor is fast asleep
Business

Niger State should be the epicentre of this move towards developing ranching in Nigeria but alas it appears their governor is fast asleep

Ayo Akinfe (1) For starters Niger State has the largest landmass in Nigeria with 76,363 km2. This is more than double the whole of the southeast geo-political zone with its 29,525 square kilometres and almost as much as the entire 79,665 square...
February 18th, 2021 Nigerian Football Federation agrees deal with UK digital management  company AJ Consult
Business

Nigerian Football Federation agrees deal with UK digital management company AJ Consult

NIGERIAN Football Federation (NFF) officials have approved a proposal by  UK global information and communication technology service company AJ Consult to embark upon the digitalisation of all its operations.   Formally launched in 1945...
February 18th, 2021 Nigeria to borrow $1.2bn from Dutch Bank and the Development Bank of Brazil for farming
Business

Nigeria to borrow $1.2bn from Dutch Bank and the Development Bank of Brazil for farming

NIGERIA'S federal government is set to borrow $1.2bn from the Dutch Bank and the Development Bank of Brazil as part of an ambitious plan to provide capital for investment in mechanised agriculture across the country.   Heavily dependent...
February 18th, 2021 As part of a post-coronavirus economic stimulus plan the Central Bank of Nigeria should cap loans for the following project at 5% at the very maximum
Business

As part of a post-coronavirus economic stimulus plan the Central Bank of Nigeria should cap loans for the following project at 5% at the very maximum

Ayo Akinfe (1) Investment in agriculture, acquaculture and animal husbandry (2) Investment in power generation (3) Manufacturing of consumer goods (4) Production of industrial goods (5) Food processing (6) Steel processing (7)...
February 17th, 2021 Britain's government backs $150m investment in new Lagos waste-to-energy plant
Business

Britain's government backs $150m investment in new Lagos waste-to-energy plant

BRITAIN'S government  has approved the investing of $150m in a new waste-to-energy plant in Lagos State as part of an ongoing collaborate programme between the country and Nigeria aimed at exploiting the commercial benefits of clean...
February 17th, 2021 Attorney-general Malami advices Buhari to create special agency to oversee cattle herdsmen
Business

Attorney-general Malami advices Buhari to create special agency to oversee cattle herdsmen

NIGERIA'S attorney-general Abubakar Malami has advised President Muhammadu Buhari to establish a special agency dedicated to the animal husbandry industry and monitor the activities of Fulani cattle herdsmen.   Over recent years, the...
February 17th, 2021 With the consensus that ranching is the way forward I would like to see Nigeria set herself the goal of becoming a top 10 milk producer by 2030
Business

With the consensus that ranching is the way forward I would like to see Nigeria set herself the goal of becoming a top 10 milk producer by 2030

Ayo Akinfe We are shamelessly a net importer of milk at the moment. In 2019, Nigeria only produced a paltry 523,599 tonnes of milk domestically. We consume about 1.3bn tonnes of milk annually, so spend between $1.2bn and $1.5bn annually to...
February 16th, 2021 Buhari should kick off Ngozi’s tenure by striking a trade deal with Biden that involves repealing all homophobic laws in exchange for annual US foreign direct investment of $50bn
Business

Buhari should kick off Ngozi’s tenure by striking a trade deal with Biden that involves repealing all homophobic laws in exchange for annual US foreign direct investment of $50bn

Ayo Akinfe (1) If you ask me, having Ngozi Okonjo-Iweala as the head of the World Trade Organisation (WTO) makes it imperative that Nigeria becomes a serious player in the global economy. It is highly embarrassing that Africa accounts...
February 15th, 2021 WTO general council officially confirms Ngozi as its new director-general at special session
Business

WTO general council officially confirms Ngozi as its new director-general at special session

FORMER finance minister Dr Ngozi Okonjo-Iweala has officially assumed office as the director-general of the World Trade Organisation (WTO) after the body's general council confirmed her appointment as a special meeting today.   During the...
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