NBTE approves new course in agriculture

In order to raise future farmers in the country and reduce unemployment through agriculture, the National Board for Technical Education (NBTE) has approved value chain courses for Diploma and Higher Diploma in Colleges of Agriculture in the country. The Provost of Federal College of Agriculture, Akure (FECA), Dr Samson Adeola Odedina, disclosed this during the bi-monthly business forum in partnership with HarvestPlus Nigeria, at the institution’s campus. He said the newly introduced value chain curriculum would bail the nation out of economic recession. Indeed, the inclusion of value chain activities…

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Transcorp makes Top 500 companies in Africa

Transnational Corporation of Nigeria (Transcorp) has made the list of Africa’s top 500 companies recently released by The Africa Report, a leading news magazine publication owned by Paris-based media group, Jeune Afrique. The list is compiled annually with each company’s listed assets based on total turnover as well as net profits. Despite the recent economic challenges in the country, Transcorp has continued to focus on improving lives and transforming Nigeria as they join the list of Africa’s stellar performers. According to President/ CEO of Transcorp Plc., Emmanuel Nnorom, the recognition…

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Three women in court for child kidnapping

Three women, Gladys Augustine (28), Eze Rita (50) and Ugochinyere Nweke (56), were arraigned before an Ikeja Magistrates Court on charges of child kidnapping and stealing. They were arrested by the police for kidnapping a threeyear- old child (names withheld) and demanded N800, 000 ransom from her parents Augustine said she met a man identified as Samuel at Kola bus stop at Agbado-Ijaiye area of Lagos, who specialised in arranging kidnapping of children and selling them. She said Samuel tutored and revealed profits in the business before inducting her into…

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Appeal Court affirms TAT for tax matters

The Court of Appeal has affirmed powers by the Tax Appeal Tribunal (TAT) to adjudicate over tax related issues arising from corporate bodies and the government. This was the verdict delivered by the appellate court in a case involving Exploration and Production Nigeria Limited and another .v. Nigerian National Petroleum Corporation (NNPC) and another over jurisdictional powers of TAT to entertain tax related issues. The parties had challenged the jurisdiction of the Tax Appeal Tribunal (TAT) to determine tax disputes following appeals arising from disputes over petroleum profits tax and…

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5 banks earn N434bn profits in 2016

2016 was supposed to be the year that the bottom line of Nigerian top banks would feel the pain of a recessed economy, weak oil prices and regulatory headwinds. But, if the 2016 full year results reported by five leading banks in the country are anything to go by, it appears that lenders’ performance last year will top 2015’s. An analysis of the 2016 full year results announced by Guaranty Trust Bank, Zenith International Bank, United Bank for Africa (UBA), Access Bank and Stanbic IBTC, for instance, show that the…

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