Job Creation
Shoprite Group Launches New Division to Support SMMEs in SA
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Jumia Celebrates a Decade of e-Commerce in Ghana
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Jumia Celebrates a Decade of e-Commerce in Ghana
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent.
Dangote Cement acquires 2,000 new vehicles to enhance transportation
Dangote Cement Plc has acquired 20,000 additional vehicles to enhance the distribution of the company’s cement products in the country. The company’s Spokesman, Tony Chiejine, said in a statement made available to newsmen on Monday in Lokoja that the new vehicles, made up of trucks, trailers and tippers, were acquired at a cost of $150 million US dollars. According to him, the company had recently taken delivery of another set of trucks, trailers, bulk tankers, tippers, cargo trucks and bulk cement tankers. “These assets would meet the expected increase in demand for transportation of cement to every part of the country and create employment for over 4,000 people in Nigeria,” he said. “We have acquired the new trucks in line with our new expansion capacity in Obajana, Ibese, Gboko and the ...
Canada, Germany, EU, others funding farming in northeast Nigeria
The People and Government of Canada, the European Union Trust Fund for Africa, the European Civil Protection and Humanitarian Aid Operations, the Federal Republic of Germany, the Kingdom of Norway and the Kingdom of Sweden are funding the 2021 rainy season farming in troubled North-east of Nigeria. The funding, which is implemented through the Food and Agriculture Organisation of the United Nations (FAO), is providing farming inputs to 65,800 farmers in Borno, Adamawa and Yobe States adversely affected by over a decade Boko Haram insurgency. A statement on Friday by FAO recognized that the rainy season farm cultivation is critical to food production in Nigeria, as it ensures food availability and income generation, especially for smallholder and low-income households. The statement read: “...
President Buhar: We won’t rest until peace is fully restored in Borno
President Muhammadu Buhari Thursday in Maiduguri, Borno State, assured citizens of the federal government’s presence in fighting terrorism to the end, and ensuring that Internally Displaced Persons (IDPs) are fully returned to continue normal lives, commending Governor Babagana Zulum for resilience and relentless efforts in rebuilding the state. President Buhari, on an official visit to the state to appraise the security situation and commission some development projects, attributed recent successes recorded by the military against insurgents and terrorists at Dikwa, Damboa and Gwoza to careful planning, infusion of new equipment and other war materials as well as quality military leadership. “I am very happy to be here in Borno State once again. I consider Maiduguri and Borno State to be ...
NALDA to establish integrated farm estate in Ogun
The National Agricultural Land Development Authority (NALDA) says it has concluded plans to establish an integrated farm estate in Ogun State. The agency also said it would set up a cassava processing plant and train 200 graduates in the state in soil testing technology. These moves according to NALDA are in line with its determination to boost the Cassava value chain and job creation for youths in the country. The Cassava processing plant would compliment the Integrated Farm Estates to be established in the three Senatorial zones of the state. The farm estate would comprise of different agricultural activities which includes farming, processing and packaging areas, commodity market, residential areas and schools. Executive secretary of NALDA, Prince Paul Ikonne made this disclosure when h...
Ex-President Obasanjo urges Ogun government to partner stakeholders on waste management
Former President Olusegun Obasanjo has urged Ogun government to partner stakeholders in the waste management sector to enable the state to achieve a cleaner environment. Obasanjo stated this when the Ogun State Waste Management Authority (OGWAMA) team visited him at the Olusegun Obasanjo Presidential Library (OOPL), on Thursday in Abeokuta. He commended Gov. Dapo Abiodun for establishing the agency for proper sanitation, saying that this was a demonstration of his determination to ensure a cleaner environment in the state. “I am advising the governor and his administration to partner with the various stakeholders in the waste management sector. “This will help the state to reap its efforts at making the environment clean, which is the main reason for establishing the agency,” Obasanjo said...
Nigeria to benefit as G-20 approves extension of debt relief
Finance ministers of G-20 countries have approved an extension of debt relief for the world’s poorest nations till December 2021. David Malpass, World Bank president, made the announcement at the virtual spring meeting, on Wednesday. TheCable had earlier reported that the G-20 countries will meet this week to consider an extension of the debt freeze. The G-20, is a group of finance ministers and central bank governors from 19 of the world’s largest economies, including those of many developing nations, along with the European Union. G-20 countries had established a debt service suspension initiative (DSSI) which took effect in May 2020. Nigeria had benefited from the initiative which delivered about $5 billion in relief to more than 40 eligible countries. The suspension period which was or...
Coronavirus: CBN doubles loan disbursement to N300 billion – bank governor
The Central Bank of Nigeria (CBN) says it plans to double the Targeted Credit Facility (TCF) from the initial N149.21 billion to N300 billion following the resounding success recorded in the disbursement of the Covid-19 loans to the applicants. In his keynote address at the 2nd virtual seminar for Finance Correspondents and Editors at the weekend, the Governor said the Bank took the decision in order to accommodate many more beneficiaries as well as boost consumer expenditure which would positively stimulate the economy. He disclosed that the CBN initially created a N150 billion Targeted Credit Facility (TCF) for affected households and small and medium enterprises through the NIRSAL Microfinance Bank, adding that already, N149.21 billion has been disbursed to 316,869 beneficiaries. “Given...
Minister: PIB will address production sharing contracts issues on gas
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Petroleum Industry Bill (PIB) currently before the National Assembly will resolve the issues under the Production Sharing Contracts (PSC) on gas. Sylva made this known at a National Assembly Public Hearing organised by the Joint Committee on Gas Resources, Petroleum Resources, Upstream and Downstream, on Monday, in Abuja. The hearing was on the topic: “Inclusion of Gas Terms in Production Sharing Contracts by the Nigerian National Petroleum Corporation (NNPC).” He said that issues on gas terms was not captured under the PSC especially with the commercial aspect. “Issues on gas terms was not captured in the PSC because at the time, the offshore was just a frontier territory, today, it is no longer frontier, it is a...
- 1
- 2
Understanding the strength of small businesses
The number of small businesses keeps growing in the formal and informal sectors of the Nigerian economy, due to the role of small businesses as the live-wire of any economy and the backbone of major developed economies the world over. Though Nigeria rely majorly on oil and revenues derived from it, from context observation the economy is largely supported by small businesses covering almost all spheres of activities within the country, ranging from Nano, kiosk, and Micro businesses most importantly. A visible reference usually includes the vulcanizers, corner shop owners, single retail marketers, repairers, painters, business center operators, restaurants, market women, and men in the various open markets, among others. and the formal operations such as the law firms, accounting firms, con...