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Business and Economy

Airtel Nigeria’s CEO, Ogunsanya, to lead discourse on African Business at NBA Conference …. As Airtel Nigeria partners Nigerian Lawyers to host 2017 NBA Conference

The Chief Executive Officer and Managing Director of Airtel Nigeria, Mr. Segun Ogunsanya, has been listed among important thought leaders in the corporate and government circles that will speak at this year’s edition of the prestigious Nigerian Bar Association (NBA) Conference. Ogunsanya, who was recently named African CEO of the …

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Sokoto allocates land for commercial cultivation of gum arabic, shea trees

Danjuma James, Sokoto Sokoto state government said it has allocated lands for commercial cultivation of some important economic trees including Gum Arabic, Moringa, Dates and Shea trees. Governor Aminu Waziri Tambuwal stated this Thursday when he flagged off the state’s annual tree planting campaign in Bodinga LGA. “Studies have shown …

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Put insurance industry on driver’s seat for genuine sustainable growth through diversification – Mutual Benefits Assurance PLC Boss, Dr. Ogunbiyi

  A Speech Delivered by Dr. Akin Ogunbiyi, Chairman, Mutual Benefits Assurance Plc and Special Guest of Honour at the 1st Annual Conference of the Guild of Online Publishers (GOCOP) at Renaissance Lagos Ikeja Hotel,Isaac John Street, GRA, Ikeja on Thursday 10thAugust, 2017    Let me start by saluting fellow …

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CBN injects $364 m into Inter-Bank Forex Market …Retail SMIs get $264.1m; …Wholesale window receives $100m offer; …Eases payment for Port charges to NPA, NIMASA

The Central Bank of Nigeria (CBN) on Tuesday, August 15, 2017, intervened in the Inter-Bank Foreign Exchange Market to the tune of $364million in a bid to sustain liquidity in the market. A breakdown of Tuesday’s forex intervention indicates that the Retail Secondary Market Intervention Sales (SMIS) received the largest …

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Heritage Bank, RIMAN, FDC enjoin firms to embrace modern risk mgt. practices

Heritage Bank Plc, Risk Managers Association of Nigeria (RIMAN) and Financial Derivatives Company Limited have called on corporate organizations to adopt systemic and cultural changes to embed risk management into their organisations in a bid to manage uncertainties that may arise at any given time. At the 17th Annual Conference organized …

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Ilegal mining: 16 Chinese, eight Nigerians arrested in Zurak, Plateau State … Illegal mining kingpin, Usman Abubakar (aka Dan China) declared wanted by NSA

Sixteen Chinese nationals and eight Nigerians involved in massive illegal mining were on Monday arrested in Zurak, Wase Local Government, Plateau State on the orders of the National Security Adviser (NSA), Brig-Gen Babagana Monguno (rtd), when the NSA in company with the Minister of Mines and Steel Development, Dr Kayode …

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Busted: Gombe Agric Commissioner, Agric Bank Manager fingered for allegedly defrauding farmers

Gombe state Commissioner for Agriculture, Alhaji Dahiru Buba Biri and the Gombe branch Manager of the Bank of Agriculture (BOA), Adamu Idris, have been fingered in an alleged scam of defrauding farmers. According to the All Lower Farmers Association of Nigeria (ALFAN), who addressed a press conference, the Anchor Borrowers …

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FEC approves refinancing of domestic debts through external borrowing

  The Federal Executive Council, FEC, has approved the refinancing of part of the country’s domestic debts through external borrowing. Minister of Finance, Mrs. Kemi Adeosun, who disclosed this after the Federal Executive Council (FEC) meeting, allayed fears of increased borrowing, insisting that instead of borrowing Naira, “we are now …

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OMMATA warns Enugu govt official against imposition of unpopular leadership on Ogbete market

From; Madu Ezenoha, Enugu The President of Ogbete Main Market Traders Association (OMMATA), Hon. Temple Ude has warned officials of Enugu state government against imposition of unpopular leadership on the Association. Ude, accompanied by other executive members told journalists during a press conference in Enugu that a particular member of …

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Aggressive savings, economic diversification key to nation’s economic challenges — Obi

A former Governor of Anambra State, Mr. Peter Obi, said in Lagos on Thursday that aggressive savings, diversification of the economy towards manufacturing, export of value added and knowledge-based products were key to addressing Nigeria’s economic quagmire. Obi made the remarks in a paper titled: “Sustaining Growth through Diversification of …

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Ugwuanyi urges Nsukka Chamber of Commerce, agro-exporter for action on Nsukka pepper production

  Governor Ifeanyi Ugwuanyi of Enugu State has charged an agro exporting firm, ABX World, currently partnering with the Nsukka Chamber of Commerce and the Faculty of Agriculture of the University of Nigeria, Nsukka to power the commercial production of the Nsukka yellow pepper for all-year round  export to prosecute …

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Sovereign Wealth Fund resuscitates 11 fertilizer blending firms, crashes fertilizer price

  The Nigerian Sovereign Investment Authority (NSIA), also known as the Sovereign Wealth Fund, has resuscitated 11 fertilizer blending plants across the country, which substantially brought down the price of fertilizer, ended fertilizer subsidy and ensured the availability of the commodity. The Fund’s Managing Director Uche Orji disclosed this in …

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FG inaugurates Technical Working Group on Road Safety .Establishes capital project development framework for critical road projects

  In its determined effort to enhance safety, security and comfort on the roads, the Federal Government has established a robust capital project development framework to encourage and increase public-private partnerships to deliver critical road projects. Minister of Budget and National Planning, Senator Udoma Udo Udoma who indicated this in …

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Enelamah elected Vice Chairperson, Africa, WTO Ministerial Conference

  Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World Trade Organisation (WTO) Ministerial Conference  Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World Trade Organisation (WTO) Ministerial …

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Lagos acquires 32 tonnes per hour rice mill from Switzerland …To produce 2.6m 50kg bags of rice per year … Move will enhance South West economic integration, create 200,000 jobs, says Ambode

Lagos State Governor, Mr. Akinwunmi Ambode on Friday in Zurich, Switzerland led a team of the State Executive Committee members to sign an agreement with Bühler AG (“Bühler”), a leading rice-mill producer in the world, for the acquisition of a 32 tonnes per hour Rice Mill. The Governor, who spoke …

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Nigeria, UN sign 5-year Sustainable Development Partnership Framework

  Nigeria and the United Nations (UN) on Thursday signed a five-year Sustainable Development Partnership Framework (UNSDPF) (2018-2022) which is a successor programme to the current United Nations Development Assistance Framework III (UNDAF III) (2014-2017) in Nigeria. The signing ceremony, which was done in Abuja, was the result of the …

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We’ve empowered 4000 businesses to boost Lagos economy – Ambode …Welcomes partnership with MIT to drive entrepreneurship growth

Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said that the N25billion Employment Trust Fund (ETF) set up by his administration has successfully empowered over 4000 small and medium scale businesses in the last two years as a means to boost the economy of the State. Governor Ambode, who spoke …

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