President Bola Tinubu has assured foreign ambassadors in Nigeria that his administration is ready to maintain open lines of communication and cooperation, with a focus on advancing mutually beneficial economic opportunities across sectors. The President gave the assurance while receiving the Letters of Credence of the Ambassador of Angola to …
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Local, state and federal authorities must work together to optimise the gains in cassava value chain, considering the prevalence of the crop across Africa. Chairman of the National Quality Council, Osita Aboloma, made the assertion at the start of a three-day Africa Cassava Conference in Abuja. He noted it was …
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The National Cashew Association of Nigeria (NCAN), on Tuesday, urged the federal government to prevent foreigners from going directly to farmers to buy cashews. The national president of the association, Ojo Ajanaku, who gave the advice in a keynote address he delivered during a one-day stakeholders’ consultative meeting in Lagos, …
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The Managing Director Of Oil and Gas Free Zones Authority,Bamanga Jada Usman has promised to rebrand the Authority to resonate with the multinational stakeholders and reflect the country’s global ambition. He made this declaration when he took over the reins of leadership of OGFZA from Sen. Tijjani Yahaya Kaura,MFR yesterday. …
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Microsoft Corporation has announced its commitment to empowering ten million small and medium enterprises by 2025. The President of Microsoft Africa, Lillian Barnard, revealed this during a press conference in Lagos while unveiling a five-year strategic partnership with Flutterwave. According to Barnard, Microsoft plans to equip SMEs with essential tools, …
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The International Monetary Fund (IMF) has downgraded Nigeria’s economic growth forecast for the year 2023 to 2.9%. This is against its forecast for 2022 which stood at 3.3 %. The latest forecasts were contained in the IMF’s World Economic Outlook report, October 2023 released on the sidelines of the ongoing …
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Oil marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Thursday, alerted the federal government to the harsh working environment its members currently operate.In a press briefing in Abuja, by the National President of the organisation, Mr. Benneth Korie, NOGASA stated that the …
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The African Development Bank Group and the ECOWAS Bank for Investment and Development (EBID) have signed an agreement for a dual currency line of credit comprising $50 million and €50 million to support local agricultural businesses in West Africa.Dr. George Agyekum Donkor, President and Chairman of the Board of Directors …
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The Africa Continental Free Trade Area has said that internal trading will earn Africa more than $70 billion development assistance.The Silver Ojakol,Chief of Staff of the AfCFTA Secretariat, made the projection at the 2023 Regional Integration Issues Forum which held in Accra, Ghana.The RIIF is a sensitisation mechanism and an …
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Nigeria and other countries in the Sub-Saharan Africa (SSA) region have the highest rates of self-employment and unpaid family employment in the world, according to the World Bank. In its latest Africa’s Pulse report, the multilateral lender said this ranking is leading to depressed worker productivity and limiting workers’ earnings …
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