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Border Reopening, Smuggling As Demotivation To Agribusiness By Femi Ibirogba

January 18, 2021 Omoniyi Osadare 0

As land borders were closed in August 2019, and emphasis was placed on locally-produced and processed rice, Mr Afiz Oladejo, a medium-sized rice processor based in Lokoja, Kogi State, pooled more resources together from friends, […]

Business

Dearth of Extension Agents Hampering Diversification By Joke Falaju

January 17, 2021 Omoniyi Osadare 0

Farmers have raised the alarm over the deplorable state of extension services in the country, manifesting in the ratio of one Extension Agent (EA) to 10,000 farmers (1:10,000). They are angered that the EAs that […]

Business

Failed Recharge Tokens Throw Prepaid Consumers Into Darkness By Kehinde Olatunji

January 12, 2021 Omoniyi Osadare 0

Some prepaid power consumers have been thrown into darkness for weeks over their inability to recharge tokens. Consumers complained that after purchasing tokens from distribution companies, they have been unable to recharge as the credit […]

Business

Twitter Suffers Loss As Million Boycott WhatsApp

January 12, 2021 Omoniyi Osadare 0

Millions of users of the messaging platform, WhatsApp across the globe, including Nigerians, have started exiting the platform following a new privacy policy recently announced, though to take effect from on February 8. This privacy […]

Business

Report: Bad Roads, Multiple Taxes, Hindering Food Transportation In Nigeria By Haleem Olatunji

January 12, 2021 Omoniyi Osadare 0

A new report by SBM Intelligence, Nigeria’s geopolitical intelligence platform, says food transportation in the country is hindered by bad roads, multiple taxes and harassment by security operatives. The report published in January is based […]

Business

Kano to Renovate Watari Irrigation Dam By Murtala Adewale

January 11, 2021 Omoniyi Osadare 0

Committed to transform agricultural and food production in Kano, the State Agro Pastoral Development Project (KSADP) has approved the contract for renovation of Watari irrigation scheme worth N314, 454, 625. The irrigation scheme is situated […]

Banking

Access Bank Completes Acquisition of Zambia’s Cavmont Bank By Mary Ugbodaga

January 7, 2021 Omoniyi Osadare 0

Access Bank Plc says its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited following fulfilment of “key conditions precedent including regulatory approvals.” This was contained in a statement released on Wednesday and signed […]

Business

Power ‘Stressing Out’ Under Unsustainable Cash Flow Challenge

January 6, 2021 Omoniyi Osadare 0

Despite the intervention of Central Bank of Nigeria (CBN) and Nigerian Electricity Regulatory Commission (NERC) to address the liquidity crisis rocking Nigeria’s electricity market, the sector continues to struggle under heavy debt. Being the revenue […]

Aviation

‘Treat Aviation Employees As Essential Workers In Vaccination’ By Wole Oyebade

January 6, 2021 Omoniyi Osadare 0

Given their direct contacts with air travellers, airlines and regional bodies have urged governments to treat aviation employees as essential workers as the COVID-19 vaccination campaign kicks off in different parts of the world. The […]

Business

We Have Severed Ties With Atiku, Family – Intels

January 5, 2021 Omoniyi Osadare 0

Integrated Logistics Services Nigeria Limited (Intels) said it has severed ties with a former Vice-President, Atiku Abubakar, and his family after he sold his stake in the company and exited as a shareholder. The company […]

Business

Atiku Sells Off Shares In Intels, Accuses Buhari of Destroying His Business By Chinedu Asadu

January 4, 2021 Omoniyi Osadare 0

Atiku Abubakar, former vice-president, has sold off his shares in Integrated Logistics Services Limited (Intels). Abubakar said on Monday that he was forced to divest his shares in the company because the Buhari administration has […]

Business

Dangote Fertiliser Donates Classrooms, Others To Ibeju-Lekki Community

January 4, 2021 Omoniyi Osadare 0

Dangote Fertiliser Limited (DFL) has constructed and handed over to the Lagos State Basic Education Board (SUBEB) a multi-million-naira modern block of classrooms and other infrastructures. The donation of the school, which is meant to […]

Business

Multiple Taxation, Herdsmen Onslaughts Undermining Agric Business — Stakeholders By Gbenga Akinfenwa

January 3, 2021 Omoniyi Osadare 0

Stakeholders have warned that agric business may soon go into extinction if issues of multiple taxation, activities of herdsmen and militants against farmers are not addressed. The stakeholders, in a statement signed by their spokesperson, […]

Business

Apapa congestion: Truck Owners Fault Planned Re-Introduction of Task Force By Sulaimon Salau

January 1, 2021 Omoniyi Osadare 0

The Association of Maritime Truck Owners (AMATO) has suggested a possible solution to the problem of protracted traffic on Apapa roads, which has posed challenges to maritime activities. President, AMATO, Remi Odugbemi, in a chat […]

Business

How Racketeering, Climate Change, Others Make Local Rice Unaffordable By Femi Ibirogba

December 28, 2020 jimidisu 0

During the 2020 Yuletide, Miss Folakemi Ojo made frantic attempts to attract buyers to a rice store where she worked as a sales attendant, but none branched at the store within Daleko Market, a popular […]

Business

CBN: Firms Expect Naira To Depreciate Further In January By Wasilat Azeez

December 27, 2020 jimidisu 0

Firms expect the naira to fall deeper in January 2021, according to a new report by the Central Bank of Nigeria (CBN). This was contained in the apex bank’s statistics department report titled, “December 2020 […]

Business

High Cost of Chicken Mars Christmas Celebration, As Traders Lament Low Sales By Gbenga Akinfenwa

December 27, 2020 jimidisu 0

Many households, especially in Lagos and Ogun states, celebrated last Friday’s Christmas without their favourite chickens as the price of the birds went practically beyond their reach. A survey carried out by The Guardian across […]

Business

Don’t Shut Down Businesses Over Rising COVID Cases, Anap Think Tank Tells FG By Taiwo Adebulu

December 27, 2020 jimidisu 0

The Anap Foundation COVID-19 Think Tank, a group established to respond to the coronavirus disease, has asked the federal government not to shut down businesses over the rise in COVID-19 cases. In a statement on […]

Business

More Cargoes Trapped At Ports As Gridlock Worsens By Sulaimon Salau

December 25, 2020 Omoniyi Osadare 0

FG set another committee to oversee decongestion Importers and manufacturers are currently groaning under the current congestion at the Lagos seaports with millions of cargoes currently trapped. The importers and clearing agents in a chat […]

Business

CBN: Consumers Will Boycott Luxury Items For The Next 12 Months By Mary Ugbodaga

December 24, 2020 Omoniyi Osadare 0

The Central Bank of Nigeria (CBN) has projected that most Nigerians will distance themselves from expensive and luxury items within the next 12 months. This is contained in the ‘Consumer Expectations Survey for Q4 2020’ […]

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