In what appears to be the executive’s first reaction to the newly passed 2011 Appropriation Bill by the National Assembly, the Minister of Finance, Mr Olusegun Aganga, has described what the legislators are proposing as unimplementable. The...

THE International Finance Corporation (IFC) has identified misconceptions about public-private partnerships (PPP) in the water sector as a challenge hindering efforts to solve supply and distribution problems. The corporation stated this in Handshake, a new peer-review publication...

Small-scale farmers can double food production in a decade by using simple ecological methods, according to the findings of a new United Nations study, which calls for a fundamental shift towards agroecology as a poverty alleviation measure....

The Federal Government has awarded a contract for the construction of an ultramodern International Terminal Building to cost N12 billion at the Mallam Aminu Kano International Airport (MAKIA). The Aviation Minister, Mrs. Fidelia Njeze, who disclosed this...

Nigeria has increased its production capacity of natural rubber by 2.5 per cent and now exports 60,000 tons of natural rubber annually. This is to bring production capacity to what it was in the sixties. The Permanent...

The Central Bank of Nigeria (CBN) sold $16.6 million at its first foreign-exchange forward auction yesterday where only one commercial bank participated, the apex bank said. The apex bank met the lender’s demand for $10 million due...

Food and Agriculture Organisation(FAO)’s first forecast for world wheat production for the year stands at 676 million tonnes, representing a growth of 3.4 per cent from 2010, the March 2011 edition of the Crop Prospects and Food...

In a rare show of apathy to equities’ investment, investors have traded strongly in 30 out of over 100 securities listed on the floor of the Exchange. This was captured in the Businessday/Afrinvest 30 Index launched yesterday...

Operators in the real sector, most especially the Small Medium Enterprises, have said that in the spirit of transparency, more financial institutes should be involved in the granting of the N5 billion loan recently signed by Dangote...

The Independent Petroleum Products Marketers Association of Nigeria (IPMAN) yesterday in Lagos formally pulled out from its jointly owned company, Nigerian Independent Petroleum Company (NIPCO) and signed a memorandum of understanding (MoU) with Capital Oil and Gas...