Abuja, others attract $73.08bn investment in Q1

Efforts by the Federal Government to make Nigeria attractive to investors could be yielding results already, as 18 states and the FCT were said to have attracted proposed investment worth $73.08billion in three months.

The Minister of Budget and National Planning, Sen. Udoma Udoma, said the pro [...]

Abuja agency targets shea butter export to boost revenue

In a bid to support the diversification agenda of the Federal Government, the Abuja Enterprise Agency, said it had set up Shea butter plants to process the product in the FCT.

The plant, according to the Managing Director and Chief Executive Officer, Arabi Muhammed Tukur, will support the proce [...]

Science ministry steps in to tackle power issues in rural areas

The Federal Ministry of Science and Technology is stepping in to address the power challenges in rural communities in the country through the provision of small hydropower projects in selected communities.

The Minister of Science and Technology, Dr Ogbonnaya Onu, said his ministry will soon int [...]

No forex allocated for rice importation in 2018 - CBN

The volume of rice importation into Nigeria is said to have dropped considerably in 2018, without a single foreign exchange allocated for the importation of the agricultural produce this year.

The Central Bank of Nigeria claims that based on figures obtained from various official sources, rice [...]

BPP to employ digital technology in public procurement

The Bureau of Public Procurement, BPP, said government has set plans in motion to allow for the use of modern technology in public procurement processes in Nigeria.

Director General of the Bureau, Mamman Ahmadu, said the move is to further strengthen the ongoing reform process and also build co [...]

Tax tribunals yet to resolve 209 cases

Despite the several tax reforms aimed at boosting tax payers’ confidence in the system, a number of cases before the various Tax Appeal Tribunals, TAT, are yet to be resolved.

According to the federal government, 209 tax cases amounting to about $18.804billion, N205.654billion and EUR 0.8 [...]

Buhari’s WAEC: Time to bury the issue - Abuja residents

Recently, the West African Examination Council, WAEC, issued a certificate of attestation to President Muhammadu Buhari, affirming his participation in its 1961 examination. While the issue has generated controversies over the discrepancies observed between a copy of his statement of result ea [...]