federal government – Sector.Africa

Rising global oil prices “good omen for Nigeria” — Finance Minister

March 3, 2021 Sector.Africa AdministratorAfrican Development Bank, crude oil, Economy, federal government, finance minister, international monetary fund, minister, NATIONAL PLANNING, Nigeria, oil price, Organizations, president, United Nations, World Bank0 comment

The Federal Government has described as a welcome development the rising price of crude oil in the global market, saying, “this is a good omen for Nigeria”. The Minister of Finance, Budget, and National Planning, Dr Zainab Ahmed, made this known on Thursday, February 25, in Abuja when she addressed State House correspondents on the state of the nation’s economy under the Buhari-led administration. According to her, gaining more revenue from the sale of crude will yield more revenue for the government as well as reduce the country’s rate of…

Utilities

Herdsmen set solar power station on fire in Ogun

March 2, 2021 Sector.Africa AdministratorAbuja, Archbishop, Augustine Akubueze, Boko Haram, Camillus Raymond Umoh, CBCN, CBCN President, federal government, Muhammadu Buhari, Nigeria, Nigerian Muslims, Nigerian people, president, Secretary0 comment

Catholic Bishops’ Conference of Nigeria (CBCN) have raised alarm over the looming collapse of Nigeria as a nation owing to the increasing level of insecurity ravaging the entire country. The Bishops said that the country had remained together just by the grace of God, adding that the survival of the nation was presently at stake. This was contained in a statement jointly signed by the CBCN President, Archbishop Augustine Akubueze and the Secretary, Most Rev. Camillus Raymond Umoh in Abuja on Tuesday. According to the statement, the country is falling…

Oil and Gas

Rising global oil prices “good omen for Nigeria”

March 2, 2021 Sector.Africa AdministratorAfrican Development Bank, crude oil, Economy, federal government, finance minister, international monetary fund, minister, NATIONAL PLANNING, Nigeria, oil price, Organizations, president, United Nations, World Bank0 comment

StockMarket

Nigeria’s stock market completes bearish run as Stanbic IBTC tops losers’ chart

March 2, 2021 Sector.Africa AdministratorBaker, Corporate finance, electricity, Equity securities, federal government, Financial economics, GTBank, Laoye Jaiyeola, MAY & BAKER, Nigerian Stock Exchange, Portland, president, Stanbic IBTC Holdings, Stock, Stock market, West Africa0 comment

Investors confidence in the Nigerian stock market remain low as the bourse continued its bearish run with the equity capitalization standing at N21.025 trillion at the end of trading on Friday. However, this was below the N21.036 trillion recorded on Thursday. The All Share Index (ASI) dipped by 0.06 percent to end trade at 40,186.70 ASI on Friday, below the 40,212.19 the market closed with the previous trading day. Activities monitored at the Nigerian Stock Exchange (NSE) by Ripples Nigeria showed that the volume of shares traded also dipped as…

Agriculture

Nigeria, Brazil Forms $1.2 Billion Bilateral Alliance On Agric Mechanisation

March 2, 2021 Sector.Africa AdministratorAbubakar Abdullahi, Agro, agro-processing centres, Andrew Kwasari, Billion Bilateral Alliance On Agric Mechanisation, Director of Mechanisation, Export credit agency, federal government, Ministry of Agriculture, Nigeria, Nigerian Government, Senior Special Assistant to President Muhammadu Buhari0 comment

The Nigerian government and Brazilian Government have signed a Memorandum of Understanding on a $1.2 billion loan to develop mechanized farming in the country. The credit facility that will be provided by the Development Bank of Brazil would also support the Federal government’s drive to establish agro-processing centres across the country. The Senior Special Assistant to President Muhammadu Buhari on Agriculture, Dr. Andrew Kwasari, made this known in Abuja on Thursday. He stated that the loan was a bilateral agreement between Nigeria and the Brazilian Government, and would be guaranteed…