Business news
The Dangote Group has announced that it is investing $1bn in rice cultivation in five states to boost food self-sufficiency. A director of Dangote Group, Tunde Mabogunje, stated this at the Gateway Trade Fair in Ogun state. “We are investing about $1 billion in rice cultivation. We have an outgrowers scheme where thousands of farmers are […]
Figures released by the National Bureau of Statistics (NBS) showed that ATM transactions dominated the volume of banking transactions with 179, 000, 000 volume of ATM transactions valued at N1.50trn recorded in the first quarter (Q1) of 2017. ATM transactions also ranked third by value, with N13.13trn recorded in the Q1. NIBSS Instant Payment Option […]
Ghana has recorded its biggest cocoa harvest in three years, as better weather conditions boosted output in the world’s second-biggest grower. Cocoa harvests reached 812,153 metric tons by May 25, compared with a combined 778,043 tons for the whole of the 2015-16 season, when severe desert winds damaged crops and affected rainfall. Cocoa output in […]
Kano state government, North west Nigeria has been given a grant of $200 million by the Islamic Development Bank (IDB) to boost irrigation. The state governor, Dr Abdullahi Umar Ganduje stated this while addressing party supporters and top government functionaries, at the Coronation Hall, at the government house, Kano to mark his second year in […]
Economic Intelligence Magazine, Economic Confidential, has released its Annual States Viability Index (ASVI) which shows that fourteen States are insolvent as their Internally Generated Revenues (IGR) in 2016 were far below 10% of their Federation Account Allocations (FAA) in the same year. The index proved that without the monthly disbursement from the Federation Account Allocation […]