Dangote empowers 16,000 rural women in Kwara

Managing Director/ Chief Executive Officer, Aliko Dangote Foundation, Zouera Youssoufou, (left); One of the Beneficiaries, Olomu of Aran, Oba Abdulrraheem Adeoti, at the official flag-off of disbursements of the Dangote Micro-Grants Programme in Moro Local Government Area , Kwara State. Aliko Dangote Foundation (ADF) has empowered a total of 16,000 women in all the 16 […]

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Food blockade sign for South Nigeria to buckle up on food production – Experts

‘If tiny Israel could feed self, why not South East?’ Stakeholders in agriculture and farmers in the South West, yesterday, allayed fears of food scarcity following the alleged stoppage of food supply to the region. But they were quick to challenge state governments in the region to take full advantage of massive fertile land in […]

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New loan benchmark may trigger asset bubble in banks

NPL 20% above the maximum threshold, may affect dividend payout Experts blame weak economy, harsh business environment Economists urge banks to observe due diligence in approval, strengthen risk framework CBN Governor Godwin Emefiele There are mounting concerns over the increase in banks’ toxic assets and the potential bubble from Loan to Deposit Ratio (LDR) as […]

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Nigeria exits recession amid weak growth

Economy still troubled, in recession, say LCCI, Tella ‘Nigeria’s riotous cattle-herding system stealing growth potential’ Experts warn against undue optimism Defying projections and leveraging opportunities presented by the coronavirus pandemic through technology and remote work, Nigeria’s resilient private sector helped the economy to exit recession in the fourth quarter with a growth of 0.11 per […]

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Nigeria’s economy at ‘turning point’ as NESG projects 2.9% growth

‘Inflation to moderate at 14.5 per cent’ The Nigeria Economic Summit Group (NESG) has projected that the Nigerian economy would grow by 2.9 per cent this year and achieve a sustained high growth rate up to 2025 in line with the expected global recovery. The NESG, in its 2021 Macroeconomic Outlook unveiled yesterday, said the […]

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FG, states allocate less than 5% to Agriculture

Farmers accuse govt of lip service to economic diversification FG earmarks 1.73% against 10% Maputo declaration Failure to boost sector spells doom, ex-PAN boss warns Allocations by federal and state governments to agriculture in 2021 have fallen below five per cent, less than half way into the bottom line agreed to at the Maputo and […]

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Food: Deploy tractors to farmers, Buhari orders agency

President Muhammadu Buhari has ordered the National Agency for Science and Engineering Infrastructure (NASENI) to deploy all refurbished tractors to farmers to boost agricultural activities in the country. The Vice Chairman of NASENI, Prof. Mohammed Sani Haruna, told State House correspondents that the president gave the order when he updated (Buhari) him on the activities […]

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Nigerians unhappy with inflation control measures, CBN admits

January employment, business growth outlook positive In what could be interpreted as an admission of its shortcomings and self-indictment, the Central Bank of Nigeria (CBN) has admitted that Nigerians are displeased with the management of the country’s inflation. Experts had balked at efforts taken by the monetary authority to stem the inflationary pressure. Many have […]

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