economy

  • Plateau Govt. to equip 340 youths with specialised agric skills

    Plateau Govt. to equip 340 youths with specialised agric skills

    The Plateau Ministry of Youth and Sports Development says it will train 340 youths on specialised agricultural skills to make them self-reliant. Mr. Bashir Datti, Commissioner for Youth and Sports Development, made the disclosure in a statement on Thursday in Jos. Datti said that the training would be carried out in partnership with the Ministry of Agriculture and Rural Development.…

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  • FG commits to revival of country’s cotton, textile, garment sectors

    FG commits to revival of country’s cotton, textile, garment sectors

    The Federal Government has reiterated its commitment to revive the country’s Cotton, Textile, and Garment (CTG) sector. Ambassador Nura Rimi, the Permanent Secretary, Ministry of Industry, Trade, and Investment, said this at the 13th delegate conference of the National Union of Textile, Garment, and Tailoring Workers of Nigeria in Abuja on Thursday. According to Rimi, the strength, integrity, and complexity…

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  • MTN, Tier-1 banks stocks lift NGX gains by N157bn

    MTN, Tier-1 banks stocks lift NGX gains by N157bn

    Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, further raised the equity market by 0.27 percent on Thursday. Specifically, investors gained N157 billion, or 0.27 percent, making the market capitalization, which opened at N58.963 trillion, close at N59.120 trillion. Consequently, the All-Share Index grew by 0.27 percent, or 278.42 points, to close at 104,562.06, as against…

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  • Commission to extend clean cookstoves sensitisation to 6 geopolitical zones

    Commission to extend clean cookstoves sensitisation to 6 geopolitical zones

    The Energy Commission of Nigeria (ECN) says it will extend its sensitization on clean cookstoves to six geopolitical zones of the country. Its Director-General, Dr. Mustapha Abdullahi, said this on Thursday at the closing ceremony of a two-day gender sensitization training organised for women by the Commission ECN in Abuja. The News Agency of Nigeria (NAN) reports that the training…

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  • GTBank Uganda reclassifies from commercial bank to credit institution

    GTBank Uganda reclassifies from commercial bank to credit institution

    Guaranty Trust Bank (Uganda) Ltd. (“GTBank Uganda”) on Thursday announced plans to transition from a Tier-one commercial bank to a Tier-two credit institution. Mr. Jubril Adeniji, the Managing Director of Guaranty Trust Bank Kenya and Head of the East African Region, made the announcement in a statement on Thursday. Adeniji said the move was necessary in view of the bank’s…

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  • Projects: Wike thanks Tinubu for the opportunity to serve

    Projects: Wike thanks Tinubu for the opportunity to serve

    The Minister of the Federal Capital Territory (FCT), Mr. Nyesom Wike, has thanked President Bola Tinubu for the opportunity to be part of his administration’s quest to renew the hope of Nigerians. Wike poured out his gratitude after inspecting ongoing rural road projects in Bwari and Abuja Municipal Area Councils in Abuja on Thursday. The minister also commended Tinubu for…

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  • Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara

    Tinubu’s aide distributes food items to 1,750 persons in FCT, Kwara

    Mrs. Abiodun Essiet, Senior Special Assistant to President Bola Tinubu on Community Engagement (North Central), began the distribution of food items to 1,500 less privileged persons in FCT, Abuja, on Thursday. Essiet, during the food distribution in Abuja, said the exercise was also being done in Kwara for 250 less privileged persons. She explained that the donation was in collaboration…

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  • Customs seize unregistered alcoholic beverages, other contraband in Kaduna

    Customs seize unregistered alcoholic beverages, other contraband in Kaduna

    The Nigeria Customs Service, Federal Operations Unit, Zone “B” in Kaduna, said it seized about 98 contraband, including some unregistered alcoholic beverages, in two months. Mr. Dalha Chedi, the Comptroller of the Zone, disclosed this at a press briefing in Kaduna on Thursday. He said within Feb. 17 and March 28, operatives of the zone made various seizures of goods…

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  • Lagos State pays N4.48bn pension benefits to 1,455 retirees

    Lagos State pays N4.48bn pension benefits to 1,455 retirees

    Lagos State Government paid another set of 1,455 retirees a total of N4.48 billion on Thursday as accrued pensions disbursed for the month of March. The payment was made at the 104th retirement bond certificate presentation organised by the Lagos State Pension Commission (LASPEC). At the 103rd retirement bond certificate presentation in February, when LASPEC paid N3.2 billion in accrued…

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  • FG, stakeholders to reduce black carbon emissions by 83% in 2030

    FG, stakeholders to reduce black carbon emissions by 83% in 2030

    The Federal Government and Self Help Africa, an NGO, have initiated moves to reduce black carbon emissions by 83 percent and methane emissions by 61 percent by 2030. Carbon and methane are climate pollutants. Mr. Temitope Fashedemi, Permanent Secretary, Federal Ministry of Agriculture and Food Security, disclosed this at a workshop on the abatement of short-lived climate pollutants (SLCPs) in…

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  • Figures show 2023 UK recession slightly weaker than first thought

    Figures show 2023 UK recession slightly weaker than first thought

    The recession in the United Kingdom that entered in the latter half of 2023 was slightly less severe than first thought. The Office for National Statistics revealed this on Thursday as it released revised figures. The economy still shrank for two quarters in a row, the definition of a recession, but the total contraction over that six-month period dropped from…

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  • Man docked for allegedly stealing truck head valued N3m

    Man docked for allegedly stealing truck head valued N3m

    A 38-year-old man, Patrick Chibike, was arraigned on Thursday before a Badagry Chief Magistrates’ Court for allegedly stealing a Mack truck head valued at N3 million. Chibike, whose address was not provided, is facing a two-count charge of conspiracy and stealing. He, however, pleaded not guilty to the charge. The prosecutor, ASP. Clement Okuiomose, told the court that the defendant…

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  • FG, Plateau Govt. restate commitment to reform of livestock sector

    FG, Plateau Govt. restate commitment to reform of livestock sector

    The Federal Government and Plateau Government have reiterated their commitment to improve the livestock sector to achieve food and nutrition security. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, and Gov. Caleb Mutfwang of Plateau stated this when Muftwang visited Kyari on Wednesday in Abuja. Kyari said that the ministry looks forward to further collaboration between the state…

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  • FG pledges to support training of teaching hospital personnel

    FG pledges to support training of teaching hospital personnel

    The federal government has pledged to support the training of personnel in teaching hospitals and other tertiary health institutions to tackle emerging challenges in healthcare delivery. Vice-President Kashim Shettima gave the assurance when he received the management of the University of Maiduguri Teaching Hospital, led by its Chief Medical Director (CMD), Prof. Ahmed Ahidjo, on Wednesday at the presidential villa…

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  • Minister directs new marshals to smoke out illegal miners

    Minister directs new marshals to smoke out illegal miners

    The Minister of Solid Minerals Development, Dr Dele Alake, has directed mining new marshals drawn from the Nigerian Security and Civil Defence Corps (NSCDC) to smoke out illegal miners and all those who flout the nation’s mining laws. Alake gave the directive while inaugurating the first batch of mining marshals drawn from the NSCDC to combat illegal mining. He said…

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  • Poultry farmers demand continuation of school feeding programme

    Poultry farmers demand continuation of school feeding programme

    Some poultry farmers in Lagos State have called for the continuation of the National Home Grown School Feeding Programme (NHGSFP) to boost the sector. The farmers said this in separate interviews with the News Agency of Nigeria (NAN) on Wednesday in Lagos. NAN reports that the NHGSFP was a government-led school feeding programme aimed at improving the health and educational…

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  • Tinubu establishes economic Coordination, planning system

    Tinubu establishes economic Coordination, planning system

    President Bola Tinubu has approved the establishment of the Presidential Economic Coordination Council (PECC) and the creation of the Economic Management Team Emergency Taskforce (EET). This is part of the administration’s move to boost the nation’s economic and governance frameworks and ensure robust and coordinated economic planning and implementation. This is contained in a statement by Chief Ajuri Ngelale, Special…

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