NEPC to Train 600 Farmers in Shea Butter Production

The Nigerian Export Promotion Council (NEPC) on Wednesday said it would train no fewer than 600 farmers in quality Shea butter production to enhance its export value.

FG Defers 35% Levy on Used Cars Till April 30

The federal government has deferred the 35 per cent levy on used cars imported into the country till April 30 this year.

FG Pays N166bn Outstanding Subsidy Claims to Petroleum Marketers

Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke

The federal government has approved the payment of about N166 billion to petroleum marketers as reimbursement for outstanding subsidy claims on they petrol they imported into the country.

Nigeria May Miss Cocoa Output Target as Disease Takes Toll

Nigeria may miss its cocoa output target of 500,000 metric tons in the 2014-15 season after an outbreak of fungal blackpod disease devastated farms following heavy rains, a farmers’ association said.

Shell JV eyes 80% gas flare-out by 2015

The Shell Petroleum Development Corporation Limited (SPDC) Joint Venture (JV) has stated that it will achieve more than 80 per cent gas flare-out from its operations by next year from the current 60 per cent.

CBN Restates Commitment to Defending the Naira

The Central Bank of Nigeria (CBN) has reiterated its commitment to defending the naira.
Deputy Governor (Economic Policy), CBN, Dr. Sarah Alade said this yesterday at the Euromoney Conference held in Lagos.

Keystone Bank Inaugurates ATMs for Physically Challenged Customers

As part of efforts to support Nigeria’s drive for financial inclusion, Keystone Bank Limited yesterday inaugurated an ATM gallery that was built to accommodate physically challenged persons in the society.

Nigeria's Fiscal Risks

Nigeria’s fiscal risks have become elevated as the retreat of oil prices is bringing them closer to the break-even point at which the Federal and State government budgets become untenable.

Banks’ Gain

 

Nigerian banks  whose earnings have been hit by the Central Bank of Nigeria’s (CBN) tight monetary policies will see profits rebound once easing begins as early as the second half of 2015.

It’s Bumper Harvest for Conoil Shareholders

 

By the time the shareholders of Conoil Plc converge for the company’s annual general meeting on September 30, one of the issues that will put smiles on their faces is the approval of a generous dividend payment by the board, reports Festus Akanbi