Riding on the renewed zeal to ramp up agriculture and agro investment, African Development Bank (AfDB) and International Fund for Agricultural Development (IFAD) have signed a new memorandum of understanding (MoU) to extend funding to 40 million farmers and double their productivity. The letter of intent, which aims at increasing Pan-African agriculture funding campaign of […]
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The Integrated Food Security Phase Classification (IPC) figures released late last year revealed that Somalia remains on the brink of famine, as 5.6 million people are in crisis or worse level of food insecurity. The report projected that the figure is expected to rise to 6.4 million by March and 8.3 million by June, emphasising […]
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CBN Financial data obtained by The Guardian suggest that deposit money banks (DMBs) had less reason to worry about liquidity last year as borrowing from the Central Bank of Nigeria (CBN) to meet urgent short-term needs dropped by 15.3 per cent to N11.01 trillion. In 2021, banks borrowed a total of N13.01 trillion from the […]
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. Local stocks bullish Nigerians are showing more confidence in domestic stocks as turnover in the stock market has risen by a quarter to more than N2.18 trillion in the past 11 months. Amidst the decline in the global stock market and spiraling inflation, trading data at the Nigerian stock market showed improved momentum, with […]
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Unified rate will support growth, says Rewane • Local refineries must work’ Multiple exchange rates and the retention of petrol subsidy payment are unhelpful to the economy, finance and economic experts said yesterday. They called for urgent policy reforms and redirection of key monetary and fiscal policies to halt economic decline and boost productivity. The […]
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Nigerian Exchange Limited (NGX). Photo/Facebook/ ngxgroup Three bank stocks – Sterling Bank Plc, Access Holdings Plc and Guaranty Trust Holding Company Plc (GTCO) – drove activities in the financial services sector of the Nigerian Exchange Limited (NGX) last week. The financial sector maintained its dominance in volume terms with 663.8 million shares valued at N5.5 […]
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‘Interest hike targets only 10 per cent of inflation cause’ Analysts worry about energy crisis in January as EU sanctions commence World Bank: Inflation stems from lack of commitment to reforms Food shortage continues to ring alarm bells Rigidity undermines effort to rev economies Economists are worried that key drivers of inflation are being sacrificed […]
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Says Buhari supports policy Policy will affect SMEs, Abuja Chamber says We won’t be rigid on cash withdrawal limit — Emefiele Despite criticisms trailing the Central Bank of Nigeria’s (CBN) newly introduced policy on cash withdrawal limits, CBN Governor, Godwin Emefiele, has said the policy is not meant to hurt anybody but to strengthen the […]
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The MediaTek Dimensity 9000-powered, two-model series includes the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera and delivers an exceptional user experience. TECNO’s premium sub-brand, PHANTOM, launched its new flagship PHANTOM X2 Series, including the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera. […]
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Snail farming is one of the sustainable, money-spinning Agribusinesses that most Nigerians ignore. Also known as heliculture, snail farming is a process of raising edible snails for human consumption or cosmetic purposes. Snail is a common delicacy and healthy meat, credited with a very healthy source of protein, phosphorus, calcium and iron, and low in […]
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