Seye Olurotimi of MSME Africa Emerges 2021 FATE SME Journalist

The federal government has expressed its readiness to intensify efforts toward Nigeria’s 3.14 million hectares of irrigation systems to boost food production in the country. Minister of Water Resources and Sanitation,  Mr Joseph Terlumun Utsev, disclosed this at the ongoing 5-day National Workshop of the Nigerian National Committee on Irrigation and Drainage (NINCID ) themed The Role of Irrigation and Drainage Practices for Food Security in Nigeria in Kano. The Minister who gave this assurance also reiterated that the government is committed to ensuring adequate water supply to homes,  industries, and for agriculture purposes nationwide. The Minister, who was represented

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Modupe Gbadeyanka The 27 lawmakers of the Rivers State House of Assembly loyal to the Minister of FCT, Mr Nyesom Wike, have defected to the All Progressives Congress (APC). The legislators won elections into the state parliament in 2023 through the Peoples Democratic Party (PDP). However, following a political crisis between Governor Sim Fubara and his predecessor, Mr Wike, the 27 lawmakers attempted to impeach the Governor, which was botched. President Bola Tinubu had to intervene in the matter and asked Mr Wike and Mr Fubara to maintain peace. Last week, a video of the Minister singing the popular

By Adedapo Adesanya Almost two months after Nigeria’s victory in an $11 billion suit, the Commercial Courts of England in the United Kingdom has ordered Process & Industrial Developments (P&ID) Limited to pay £20 million in damages and compensation. The court ordered that the money be given to Nigeria within the next 28 days. The award of £20 million in damages was revealed during a subsequent ruling on the subject in London to determine what happened after the October ruling. The hearing was also held to determine whether P&ID would be granted permission to appeal the decision, however, the court

By Modupe Gbadeyanka The Central Bank of Nigeria (CBN) has released the list of beneficiary banks that received the $660 million it disbursed to the manufacturing sector through the interbank market over a one month period. The list shows that the banks received a total of $660,173,976.46. Following claims in some quarters that manufacturers were finding it difficult accessing forex, Acting Director, Corporate Communications Department, CBN, Mr Isaac Okorafor, a fortnight ago, had revealed that $660 million was made available to the manufacturers through the interbank market to source for raw materials and spare parts to boost production capacity over

By Investors Hub The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks likely to move back to the downside after ending the previous session mostly higher. Lingering trade concerns may weigh on the markets even after President Donald Trump announced a new trade deal between the U.S., Mexico, and Canada to replace the North American Free Trade Agreement. Trump praised the new United States-Mexico-Canada Agreement as an ?historic transaction? but also said it is ?too early to talk? with China about the escalating trade dispute between the two countries. ?Can’t talk now because they’re

By Modupe Gbadeyanka No fewer than 18 persons, who purchased lands from a notable real estate company, Novarick Homes and Properties, have been allotted their lands and documents by the company at the Nova Gardens. The 18 Nova Gardens subscribers acquired landed properties from the organisation at the friendly and peaceful at Ilara-Epe, a suburb of Lagos State. The clients, while speaking at the presentation of the lands and documents to them, commended the company for being highly professional and trustworthy in the discharge of their duties. One of the new landlords, who simply identified himself as Mr Daniel, a

By Adeniyi Ogunfowoke Being an entrepreneur is not for fun or passion. You want to make money and get rich over time. This is a key reason why so many people work very hard to float and manage their own business.  Despite these laudable efforts, owning a business may probably not accrue you the desired wealth you want. As a result, Jumia Travel takes a sneak peek on reasons why this may be the case. Managing a business is expensive Entrepreneurs know that running or managing a business is very expensive. Your business will run at a loss especially in

By Modupe Gbadeyanka A foremost financial institution, Standard Chartered, has developed a new sustainable supply chain assessment tool. The tool can be used by companies to benchmark the resilience and sustainability of their supply chains, based on comparisons with peers across regions and sectors. The system called Supply Chain Performance Indicator allows companies to do a “health check” on their operations and highlights which areas they need to focus on to achieve their aspirations. The assessment is based on five indicators: environmental soundness and transparency of direct suppliers and of indirect or deep-tier suppliers; financial robustness; flexibility and adaptability; and

By Dipo Olowookere After closing in the bears’ territory for the past three trading sessions, the Nigerian Exchange (NGX) Limited posted a growth of 0.28 per cent on Wednesday. The rebound was triggered by bargain hunting yesterday, especially from offshore investors who took interest in local stocks, with a significant number of cross trades witnessed. Business Post reports that yesterday, FBN Holdings recorded cross deals of about 100 million units, about 39 million units of GTCO and 10 million units of Zenith Bank. Data from the exchange showed that at the close of transactions, FBN Holdings traded the highest volume

By Dipo Olowookere The winner of the Gulder Ultimate Search (GUS) season 12, Mr Odudu Out, has donated to some widows in his home state, Akwa Ibom. This is part of the grand homecoming tour sponsored by the Nigerian Breweries, organisers of the popular jungle-reality television show. The 22-year-old GUS 12 winner visited The Widow of Zarephath Foundation to render support, giving the organisation food items, toiletries and cash gifts. Odudu, who was raised by a single mother, said he experienced firsthand some of the struggles of single or widowed women who lack the support of their spouses in raising

By Modupe Gbadeyanka One of the victims of flooding in Akinima, Ahoada West Local Government of Rivers State, Mr Onyebuchi Udoka, has received a brand-new wheelchair from the O.B. Lulu-Briggs Foundation. The 29-year-old Mr Udoka was among 2,000 residents of the area who got relief materials worth over N60 million from the organisation a few weeks ago. During the distribution of the items to the flood victims, Mr Udoka, a physically challenged person, crawled to receive his. He struggled through the crowd, and his matter was tabled before the group, which returned to gift him the wheelchair on Thursday, November