ifeoluwa

Posts by ifeoluwa:

Mining site

Nigerian govt. to invest N2.5 Billion in DFIs for Small Scale Miners

The Federal Ministry of Mines and Steel Development says it would invest N2.5 billion in development finance institutions (DFIs) as a pilot project to support small-scale miners to transit into more established miners. The Minister, Kayode Fayemi, who disclosed this at the sixth Sustainability in the Extractive Industries, SITEI, conference…

Peter Okoye

Peter Okoye of P-Square mocks group calling for his arrest

Award winning musician, Peter Okoye of P-Square, has responded to a call for his arrest by an APC youth group over his comment on the plans by the Nigerian government to discourage production of Nigerian movies and music abroad. The federal government on Saturday said it has taken steps to…

The World Bank

World Bank wants single regulatory body for Nigeria Free Trade Zones

The World Bank and other interest groups on Tuesday made a case for the establishment of a single regulatory body to oversee the operations of Free Trade Zones, FTZs, in the country. The call was made at a public hearing by House of Representatives’ Committee on Commerce. At the event,…

Power Lines [Photo: energymixreport.com]

Abuja residents to enjoy improved power supply as DISCo commissions transmission stations

Electricity consumers in the Federal Capital Territory, FCT, may soon enjoy improved power supply, as the Abuja Electricity Distribution Company, AEDC, commissioned two new transmission stations in Abuja on Monday. The two stations are 60 MVA/132/33KVA transmission sub-stations located in Kukuaba. The managing director and Chief Executive of the AEDC,…

Acting President Yemi Osinbajo speaking

Tax Thursday: Nigerian govt. unveils campaign in Abuja streets

The Federal Government on Thursday commenced the weekly public education and enlightenment exercise it launched last week to encourage Nigerians embrace voluntary declaration and payment of tax. At the official launch of the Voluntary Assets and Income Declaration Scheme, VAIDs, in Abuja, acting President, Yemi Osinbajo, had declared every Thursday…

Bayelsa Governor, Seriake Dickson

Restructuring Nigeria: Dickson lauds APC; proposes bi-partisan political committee

The Bayelsa State Governor, Seriake Dickson, on Tuesday backed a recent call by the All Progressives Congress for the restructuring of the country. In a statement signed by his spokesperson, Francis Agbo, Mr. Dickson commended the ruling party for the move, but said the mission must be given a bi-partisan…

Mercy Aigbe and estranged husband, Lanre Gentry

Mercy Aigbe, Annie Idibia, Ooni’s wife, others march against domestic violence

The award winning actress, Mercy Aigbe, replied estranged husband, Lanre Gentry, on Instagram after his claim that her allegations against him was a stunt to make money for a movie. The actress in the caption of a picture of her battered eye, Thursday, said, "Throwback to when a man I…

maize

Soaring maize price in Nigeria defies two year trend

The price of maize, a staple food in Nigeria, has soared in the country, amid increase in the global prices of the commodity and other grains, an outlook review by Novus Agro Nig. Limited, an agro commodity price tracker, has revealed. There is over 83 per cent price increase, as…

Minister of Budget and National Planning Senator Udoma Udo Udoma [Photo Credit: Channels TV]

Minister warns MDAs against padding 2018 budget

To check the incidence of ghost workers and rising wage bill, the federal government has warned heads of federal Ministries, Departments and Agencies, MDAs, against padding their personnel budget proposals for the 2018 fiscal period. The Minister of Budget and National Planning, Udoma Udoma, gave the warning in a circular…

Vice President, Yemi Osinbajo

NCP privatised, reformed 142 public enterprises in 18 years – Osinbajo

The National Council on Privatisation, NCP, has since its inception 18 years ago concluded the privatisation and reform of over 142 public enterprises, Acting President Yemi Osinbajo, said on Thursday. The acting president was speaking at the inauguration of the fifth council of the National Council on Privatisation (NCP) since…

Nigerian Senate

Senate demands implementation of the 2014 Confab Report

The Senate on Wednesday urged the Federal Government to look into the report of the National Conference held in 2014. This was sequel to a motion entitled “The Need for National Unity and Peaceful Co-existence in Nigeria,” sponsored by 107 senators. In the motion, the senators called for the consideration…

Rice mill used to illustrate the story [Photo credit: Getty Images]

Indigenous firm acquires machinery for mechanized rice farming

In line with the Federal Government’s policy to significantly increase local rice production and reduce consumption of the imported blend, more indigenous firms are venturing into the business of local rice production. Latest Federal Ministry of Agriculture estimates show that the gap between Nigeria’s demand and supply for rice stands…

Crude oil extraction [Photo credit: Bloomberg]

Crude oil losses: Group demands installation of meters on oil-well heads

To better assess oil production in Nigeria, Publish-What-You-Pay Nigeria, PWYP, has asked the regulatory authorities to install meters at the country's oil well heads. For long, Nigeria has faced the challenge of knowing the volume of oil it produces daily, as a result of lack of consensus on where the…

Former Katsina State Governor, Ibrahim Shema

Shema denies report of Katsina Commission of Inquiry

Former Katsina State Governor, Ibrahim Shema, has dismissed the findings of a commission of inquiry set up by his successor to probe his administration, describing them as a "charade". Mr. Shema stated his position on the report of the panel through a press statement issued on Sunday by his spokesman,…