Rice farmers under the aegis of the Rice Farmers Association of Nigeria (RIFAN) have concluded plans to crash the price of rice with the launch of the one million bags of rice paddy stacked as pyramids in Abuja. The rice from the pyramid, which is a collaboration between the Central…

The recent change to the Finance Act 2021 that requires Investors on the Nigerian Stock Exchange to pay a Capital Gains Tax of 10% on the sale of shares applicable on the disposal of shares worth N100 million and above, may discourage investment to the capital market and shift focus…

Nnamdi Kanu, the leader of the Indigenous People of Biafra has changed his lead counsel representing him in the case brought against him by the Federal Government of Nigeria. Popular lawyer and human rights activist, Mike Ozekhome (SAN) is now the new lead counsel representing Kanu. This was confirmed by…

President Muhammadu Buhari will unveil one million pyramid-shaped sacks of rice paddy in Abuja tomorrow, Wednesday, January 19, 2022. The pyramids, which are said to be Africa’s largest of their kind, are located on the premises of the Abuja Chamber of Commerce and Industries (ACCI) on Airport Road. READ: CBN blames…

Nigeria’s Speaker of the House of Representatives, Femi Gbajabiamila, stated that the National Assembly should give a deeper look into Section 131(d) of the 1999 Constitution to increase the minimum educational qualification for the 2023 elections. The House speaker disclosed this at the 52nd Convocation Lecture of the University of…

The Management of BUA Foods Plc (“BUA Foods” or the “Company”) will today be honored with a closing gong ceremony at the Nigerian Exchange (NGX) Limited to mark a successful listing by introduction following the consolidation of it’s five food businesses under a single entity -BUA Foods; a statement by…

The National Industrial Court has ordered the immediate Reinstatement of Samuel Yunana, the Managing Director of Daltrade Nigeria Limited. The court ordered the firm to pay the claimant (Mr Yunana) monthly salary arrears at the rate of N500,000.00 per month from August 2016 to date without any loss of entitlements…

The Federal Government inaugurated the Expanded Partnership Committee on Sustainable Blue Economy, to boost Nigeria’s economy through maritime means. The committee was inaugurated by Vice President Yemi Osinbajo on Monday at the State House in Abuja, with members including state governors, ministers, representatives of military and security agencies. In a…

Center for the Promotion of Private Enterprise (CPPE) has stated that the forex crises and surge in demand during the December festivities led to the uptick in inflation. This was disclosed by the CEO of CPPE, Dr Muda Yusuf, in a document titled “CPPE COMMENTS ON DECEMBER INFLATION REPORT.” Nigeria’s…

Development activity across the commercial real estate sector in Lagos increased by 19% in 2021 compared to 2020 in a return to market activity in the city’s construction industry, according to the latest analysis by leading real estate data company, Estate Intel. Dolapo Omidire – CEO, Estate Intel, explained, “2021…