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ANALYSIS: Nigeria’s Insecurity Threatens Agricultural Growth
Nigeria’s agricultural sector might begin to plunge in its growth owing to recurrent insecurity challenges emanating from different parts of the country. The impact of these insecurity challenges, just like the COVID-19 pandemic, are beginning to deny farmers and traders access to grow crops and make sales respectively. The Nigerian Economic Summit Group has said…
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Africa’s COVID-19 Cases Surpass 4.83million
The Africa Centres for Disease Control and Prevention has said the number of confirmed COVID-19 cases in Africa reached 4.8 million as of May 30, 2021. The Africa CDC– the specialised healthcare agency of the African Union– said the death toll from the pandemic stands at 130,451 while 4,365,227 patients have recovered across the continent.…
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FG Receives 75 Bids For 12 Roads Concession
No fewer than 75 firms have submitted bids to serve as concessionaires for 12 federal roads mapped out for concession by the Federal Government of Nigeria. Bid documents submitted by the companies as well as the names of the firms were officially announced at the headquarters of the Federal Ministry of Works and Housing in…
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Nigeria To Ground COVID-19 Travel Advisory Violators For A Year
The Federal Government has promised to enforce penalties, including deactivating the travel passports of Nigerians involved in the violation of recent travel advisory for travellers from India, Brazil and Turkey. Nigeria recently imposed a travel advisory, mandating travellers from India, Brazil and Turkey, or who had visited any of these countries 14 days before arrival in…
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Over 50 Killed In Attacks On Two DR Congo Villages
A local official has blamed the Allied Democratic Forces (ADF) for the recent attack on the villages of Boga and Tchabi in the eastern Ituri region, killing at least 50 people. Military spokesman Jules Ngongo told news agencies that ADF fighters attacked the villages in two overnight ambushes. The two villages lie on the border between…
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FG Revenue Agencies Remit N1.54tr In Q1
The Revenue Mobilisation Allocation and Fiscal Commission has disclosed that a total of N1.54 trillion revenue was remitted by the revenue-generating agencies of the federal government of Nigeria. In a statement by the RMAFC, the revenue was remitted into the federation account in the first quarter of 2021. The Chairman of the Commission, Engr. Elias…
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41% Family Businesses To Decline In Sales Growth
Findings by PricewaterhouseCoopers global family business survey for 2021 has revealed that about 41 percent of family businesses in Nigeria are expected to decline in sales growth in the year. The survey examined the views of 2,801 family business leaders and decision-makers across 87 territories. The report is targeted at building on PwC’s long-time involvement…
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NNPC: Oil Export Revenue Plunged By 98% In April
The Nigerian National Petroleum Corporation has said crude oil export proceeds dropped by 98 percent in April, compared to March 2021. It said that the total revenue from crude oil exports in April fell to N723m from the N35.72bn generated in March. “No remittance to Federation Account in April for May 2021 FAAC due to…