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Business/Economy

NCGA President – Cassava Can Trigger Industrial Revolution

  Segun Adewunmi, is the National President, Nigeria Cassava Growers Association (NCGA). In a chat with DANIEL ANAZIA, he spoke on the imperativeness of agriculture in general and cassava farming in particular in the nation’s drive for economic diversification. What…

New Electricity Tariff May Be Out Next Week

THE much talked about new electricity tariff will be ready and signed off in the new week, the Nigerian Electricity Regulatory Commission (NERC) has announced. Minister of Power, Works and Housing, Babatunde Fashola had in the week announced that NERC…

CBN to banks: You’ll All lose CRR refunds If You dont Fund SMEs

Central Bank of Nigeria (CBN) Governor Godwin Emefiele yesterday mandated commercial banks to lower their risk rating for Small and Medium Enterprises (SMEs) or lose Cash Reserves Ratio (CRR) refunds. He issued the warning in his keynote address at the…

Nigeria To Supply Additional 2,000mw Of Electricity Nationwide

THE Minister of Power, Works and Housing, Babatunde Raji Fashola, said the improved budgetary provisions, would empower the government’s effort to build more critical infrastructure that would convey gas to the power plant to add 2,000mw to the national grid…

NCC- Why We Reduced MTN’s N1.04trn Fine

The Nigerian Communications Commission, NCC, has defended its action to reduce the N1.04 trillion fine on MTN Nigeria to N780 billion, saying it acted in the interest of the stability of the telecom sector. The commission said it weighed all…

Electricity consumers complain of exploitation in Abuja

Electricity consumers in Abuja have accused the Abuja Electricity Distribution Company, AEDC, of exploitation and undue profiteering, while they called on the Federal Government to call the company to order. Electricity-newThe customers, who spoke to  Vanguard,  alleged that the company…

Why Nigeria SMEs Fade Away With First Generation

by Omoigui-Okauru The question of why Nigeria has not been able to sustain generations of successful businesses has been addressed differently by experts, but former Federal Inland Revenue Service (FIRS) Executive Chairman, Mrs. Ifueko Omoigui-Okauru, attributed it to poor visual…

63 Percent Reduction In E-Payment Fraud– NeFF

Nigeria Electronic Fraud Forum (NeFF) has said that loss arising from electronic payment fraud has fallen by 63 percent. Chairman of the Forum and Director, Banking and Payment System Department, Central Bank of Nigeria (CBN), Mr. Dipo Fatokun disclosed this…

Agric Infrastructural Investments Wanted

A consultant to the World Bank, Prof Abel Ogunwale, has advised the government to invest in infrastructure and value-added production. Ogunwale, a lecturer in Agricultural Extension and Rural Development, Faculty of Agricultural Sciences, Ladoke Akintola University, Ogbomosho, Oyo State, noted…

MTN Resigns Nigeria CEO Ikpoki,

Tele communications giant, MTN today announced the resignation its Nigerian CEO resignation, Michael Ikpoki. The sudden resignations came at a time the company is trying to pay a $5.2 billion (R71 billion) fine imposed on the company by the Nigerian…