Category Archives: Business News

BREAKING: Government Bars Foreign Professionals Without Nigeria Certification

ABUJA – THE Federal Executive Council, FEC, Wednesday approved a new policy that for any foreign professionals to practice in Nigeria, they have to be registered and certified by all the necessary regulatory bodies.

This is as the Federal Government has declared a state of emergency on science and technology to boost technological acquisition for the industrial growth of the country.
Meantime, to attract foreign industries, the Federal Executive Council has approved tax rebate which will serve as an incentive for pioneer industries operating in Nigeria.
Briefing State House Correspondents after weekly FEC meeting at the Council Chamber, Presidential Villa Abuja, the Minister of Science and Technology, Dr. Ogbonnaya Onu said, “We agreed that from now on, any person who wants to practice any profession that has anything to do with science, engineering and technology, medical doctors, accountants, quantity surveyors just to mention but a few, that first they have to be certified by appropriate regulatory bodies in Nigeria.”

Nigeria Government Allays Fears On Exportation Of Yam

Ibadan,Nigeria – The federal government has allayed the fear of Nigerians over the exportation of yam, saying it will not cause artificial scarcity.

The Minister of Agriculture and Rural Development, Chief Audu Ogbeh who stated this during a courtesy visit to the Oyo State governor, Senator Abiola Ajimobi, at the Government House, Agodi, Ibadan insisted that exportation of yam was a laudable development that will not cause artificial scarcity or lead to increase in the price of the staple food at the local markets.

This is just as the minister identified Oyo State as strategic and significant to the drive by the country to be self-sufficient in food production and exportation of agricultural produce.

Ogbeh is on a two-day working visit to the state, was expected to visit farm settlements, old ranches and allied locations, as well as attend a town hall meeting with yam farmers, youths, women and other stakeholders in agriculture business across the state today.

30,000 Farmers Benefited from Anchor Loan Programme in Niger State – CBN

Minna – Central Bank of Nigeria (CBN) has rated the performance of Niger State high in the on-going Anchor Borrower’s Scheme of the apex bank. Even as 30, 000 farmers has benefited in the loan scheme so far.

The bank attributed the success story of the scheme in the state to the commitment and political will accorded it by the governor, stressing that this commitment was responsible for the positive result being posted by the state in Rice production.

A statement by the chief Press secretary to the Governor Jibrin Ndace yesterday stated that the Controller of the Minna branch of the bank, Mr. Mashud Ibrahim Tulu gave this rating on Tuesday, in a chat with newsmen after a visit t Governor Abubakar Sani Bello in his office in Minna.

MTN to List on Nigerian Stock Exchange

Telecommunication firm, MTN, on Friday in Abuja stated it will listing its shares on the Nigerian Inventory Change this yr.

MTN Basic Supervisor, Mr Nikiwe Tsaagane, made this recognized when he paid a courtesy go to to Dr Ogbonnaya Onu, Minister of Science and Know-how.

Tsaagane stated the efforts would assist to fast-track enchancment within the Nigerian financial system.

“It’s going to supply necessary position within the capital market as will probably be one of many largest transactions in Africa. It will showcase Nigeria within the international financial system if we will obtain it.

“”The transaction is structured by making certain that it’s knowledge based mostly and inclusive as we be sure that our Nigerian clients are capable of take part,“” he stated.

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