Nigeria’s National Assembly has passed a new housing law called the National Housing Fund Act. As part of the provisions of the act, there will be a 2.5 per cent mandatory contribution of monthly income by employees earning the minimum wage and above.
Sundays crash of an Ethiopian Airline MAX 8 plane that killed all passengers and crew member has drawn attention to the safety of the MAX 8. Many countries including UK, Australia, Nigeria, South Africa, China have suspended the operation of the Max 8 pending when civil aviation authorities give it clearance to take flight again.
Nigeria has overtaken Egypt as the largest producer of rice in Africa. Egypt was producing 4.3 tonnes annually but its production reduced by 40 percent this year as government limited cultivation to preserve water resources. Africa produces an average of 14.6 million tonnes of rough rice annually.
Through its Economic Recovery and Growth Plan, Nigeria is looking to diversify its sources of revenue. So how can the country’s agriculture sector contribute substantially to its revenue? Chike Nwagwu, CEO of Novus Agro joins CNBC Africa to discuss this.