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The Federal Government has signed an agreement with some Brazilian firms to establish tractors’ assembly plants in Nigeria.

todayJuly 12, 2021 2

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The Federal Government has signed an agreement with some Brazilian firms to establish tractors’ assembly plants in Nigeria.

The Chairman, Senate Committee on Agriculture and Rural Development, Senator Abdullahi Adamu, disclosed this in an interview in Abuja.

He said the Federal Ministry of Agriculture, with the support of the regime of President Muhammadu Buhari had secured funding from the Islamic Bank to accelerate the process.

Adamu, who was a two-term governor of Nasarawa State, added that the plan was aimed at allocating at least 10 tractors to each of the 774 local government areas of the country.

 

 

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The Central Bank of Nigeria has ordered the Payment Service Banks to report suspicious transactions to the Nigerian Financial Intelligence Unit.

The Central Bank of Nigeria has ordered the Payment Service Banks to report suspicious transactions to the Nigerian Financial Intelligence Unit. The CBN gave the directive on Thursday in a circular on the Supervisory framework for Payment Service Banks. It said, a PSB shall report in writing any single transaction, lodgment or transfer of funds in excess of N5m and N10m or their equivalent made by an individual and corporate body respectively to the NFIU in accordance with section 10(1) […]

todayJuly 9, 2021 9

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