Nigeria Not Among Ranked Countries With The Most Cattle

SHAME of a nation as cattle compete for roads with motorists in the Federal Capital Territory (FCT), Abuja According to ranking of countries with the most cattle or the world cattle inventory in 2021 there are about one billion heads of cattle. Among the countries, India has the largest cattle inventory in the world in 2021 followed by Brazil and China. India’s cattle’s inventory was reported at 305.5 million head in 2021, accounting for roughly 30% of the world’s inventory. India, Brazil and China accounted for roughly 65% of the…

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Agric Loans: Emefiele, CBN Playing Games With The South East – Prof Ibe

Prof Gregory Ibe The Chancellor of Gregory University, Prof. Gregory Ibe has challenged the Governor of the Central Bank of Nigeria (CBN) Mr Godwin Emefiele to publish the names of South-East people that have benefited from the CBN loans to develop their farm and other businesses. Prof. Ibe reacted to a recent press release issued by the central bank where the bank claimed that South Eastern people do not request for loans to develop their farming and other businesses. Describing the statement as blatant storytelling, Ibe stated that the Emefiele-led…

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Elon Musk’s SpaceX Signs Satellite Broadband Deal With Google

Elon Musk’s SpaceX announced on Thursday that Google would team up with its Starlink satellite internet service to deliver cloud computing services to business customers. Under the partnership, SpaceX will place its Starlink ground stations within Google data center properties, which can help the service support businesses requiring cloud-based applications. Starlink is in the process of launching its satellite broadband internet service, which can reach customers without ground-based connections and is one of several space-based systems. “Combining Starlink’s high-speed, low-latency broadband with Google’s infrastructure and capabilities provides global organizations with…

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SAFE ROADS: FRSC Begins Eid El Fitr Special Patrol Operations

…Deploys 35,000 Personnel, 736 Patrol Vehicles,120 Ambulances, 25 Tow Trucks And Over 200 Bikes Following the declaration of Thursday May 13, 2021 as the day of Eid el Fitr in Nigeria, the Federal Road Safety Corps (FRSC) has commenced massive Mobilisation of its personnel and operational equipments for the Sallah special patrol, which is aimed at ensuring safer road environment, before, during the festive period and beyond. This was made known by the Corps Public Education Officer, Bisi Kazeem who disclosed that no fewer than 35,000 of the FRSC Regular,…

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Dangote Cement Pays N40.39 Bln In Corporate Tax, N240million VAT Daily

Dangote Cement Plc is expected to pay a total of N40.39 billion in taxation to the nation’s treasury from its operational result in the first quarter of 2021. According to the financial result published by the country’s largest cement manufacturer on Friday, April 30, 2021, the amount is due from corporate tax for the period ended March 31, 2021. The amount of corporate tax due from Dangote Cement in the first three month of this year is higher by 47.1 per cent compared with the N27.47 billion paid in the…

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Shippers’ Association Wants Export Processing Centre Established In Kogi

The Kogi State chapter of Shippers’ Association has called on the state government to establish an Export Processing centre to enable its members add value to agricultural commodities for export. The Shippers’ Association made the call in a communiqué issued at the end of its maiden meeting with Leaders of Trades and Commodity Associations on Friday in Lokoja. The Communiqué was signed by the Association’s president, Mr Habuh-Rajan Suleiman and the secretary, Mr Donarus Okpe. It said the establishment of the centre had become imperative, considering the need for diversification…

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I Acted Because I Felt It Was In The Best Interest Of FirstBank, Shareholders – Awosika

Sacked Chairman of Board of First Bank, Mrs Awosika The sacked Chairman of First Bank Nigeria Limited, Mrs Ibukun Awosika, has said that the decision to removed Adesola Adeduntan as the Chief Executive Officer of First Bank last week was done in the best interest of the bank and its shareholders. For the first time since the Central Bank of Nigeria (CBN) reversed that decision and eventually sacked her and other Board members of First Bank, Awosika in a statement shared on Instagram, titled “My FBN Group Journey,” said she…

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Ibom Air, Dana Plan Partner On Interline Agreement

As the airline industry in Nigeria strategise on the best ways to survive after the devastation caused by the dreaded coronavirus (COVID-19), two local carriers have entered into a rare interlining arrangement that offers customers the benefit of the two airlines, using a single ticket. We gathered that this first of its kind partnership in Nigeria will be between Dana and Ibom Air, and is set to roll out sometime in May. The pact is the first-time indigenous carriers have heeded aviation experts’ advice for competing airlines to interline and…

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Board Of First Bank To Face CBN Penalty Over Unauthorised Removal Of CEO

Mr Godwin Emefiele, Governor Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) led by Mr Godwin Emefiele as Governor is angry with the Board of First Bank of Nigeria Plc over the removal of Dr. Adesola Adeduntan, the Managing Director/Chief Executive Officer from his role without seeking for approval from the CBN. The CBN query to First Bank Board is contained in a letter dated April 28. 2021, and signed by the apex bank Director, Banking Supervision, Haruna Mustafa. The letter, which was addressed to the bank’s…

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NNPC Blames N112bn Revenue Shortage To N184 Landing Cost From N128 Per Litre

From all indications, Nigeria appears to be in deeper economic problems as the Nigerian National Petroleum Corporation (NNPC) reported that it has recorded a shortfall in revenue of N111,966,456,903.74 in February 2021. A source who cited a confidential memo sent to government agencies from the country’s apex fuel importer-supplier, said the NNPC was recording a shortage of N56 for every litre of PMS being imported into Nigeria currently. It said its shortfall came from the landing cost of fuel spiraling upward by “N184 per litre as against the subsisting ex-coastal…

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