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AfDB Grows Nigerian Portfolio To $6bn

President of African Development Bank (AfDB), Akinwunmi Adesina says the bank’s total active portfolio in Nigeria has grownto over six billion dollars. Adesina who revealed this in an interview on Wednesday in Abuja, said“The bank supports Nigeria very strongly. “When Nigeria was going through a tough...

Nigeria Signs Commercial Investment Dialogue With USA

Nigeria and the United States of America (USA) have signed a Memorandum of Understanding (MoU) on an investment instrument titled US-Nigeria Commercial Investment Dialogue (CID). The two countries signed the MoU at the Federal Ministry of Industry, Trade and Investment in Abuja, yesterday. Minister of Industry,...

$300m Illegal Rosewood Logs Smuggled To China

Environmental Investigation Agency (EIA) in its recent reports has revealed that over 1.4 million illegal rosewood logs from Nigeria, worth $300 million, were laundered into China. The reports by EIA described illegal rosewood logs from Nigeria as one of the largest timber smuggling operations in...

Nigeria’s GDP Up 1.4 Percent

The Presidency yesterday described as a welcome development the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics, with oil, agriculture and industrial sectors leading the growth. The Senior Special Assistant to the President on Media and Publicity (Office of the...

18 Bio-fortified Food Varieties Released In Nigeria

Eighteen bio-fortified varieties comprising six vitamin A cassava, eight vitamin A maize, two orange sweet potato and two iron and zinc sorghum, which are bred conventionally, have been released officially in Nigeria. Dr Paul Ilona, the Country Manager of Harvestplus, an international agricultural organisation, made...

Elders and a Failed Nation- A Youth’s Perspective

Elders and a Failed Nation- A Youth’s Perspective By Chisom J. Omeokachie  “…To build a nation where peace and justice shall reign.” This is the last verse in the second stanza of our national anthem. The second stanza happens to be my personal favourite part of the...