Category Archives: Business News

Oyo State Partner IITA On Agric Policy, Agribusiness Park

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Abiola-Ajimobi

  Udo ONYEKA The International Institute of Tropical Agriculture (IITA) and Oyo state government on Thursday signed a pact to revolutionalise agriculture in the state, and the establish of agribusiness park. The partnership aims at bringing about an agricultural policy which would outline the opportunities, strengths, weaknesses, threats, and more importantly what the state needs to […]

France President To Grace 4th TEF Entrepreneurship Forum 

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tony-elumelu

Tony Elumelu Foundation (TEF),one of Africa’s leading entrepreneurship-focused philanthropic organization, has announced October 25, 2018, as the date for its 4thannual TEF Entrepreneurship Forum. The event which is expected to attract the largest gathering of African entrepreneurs and the broader entrepreneurship ecosystem will unite over 5,000 entrepreneurs, global investors, leaders from the African public and private […]

Nigerian inflation dips in July but remains above single-digit target

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Annual inflation in Nigeria slowed to 11.14 percent in July, its lowest level in more than two years, the National Bureau of Statistics said on Wednesday, but it remained above the central bank’s single-digit target. Inflation has declined in Nigeria since February last year, but the rate of decline has slowed compared with earlier this […]

SIFAX Group, Gambia Partners on Multi-Million Dollar Dry Port

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Udo ONYEKA SIFAX Group has signed a Memorandum of Understanding (MOU) with the Government of Gambia to build and operate a dry port in the country’s capital, Banjul.  A statement issued by Corporate Affairs Manager, Muyiwa Akande explained that the MOU was signed in Banjul by Mr. John Jenkins, Group Managing Director, SIFAX and Mr. […]

Nigeria-China Currency Swap Deal ‘II Not Cover Importation Of Substandard Goods –CBN

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By Udo ONYEKA The currency swap agreement between Nigeria and China will not utilised to Import sub-standard goods from the Asian country, rather it would curb it according to the Central Bank of Nigeria, CBN. The Central Bank Governor, Mr. Godwin Emefiele, revealed this in Abuja, at the Currency Swap Forum for North Central Zone. […]

NIMASA Floating Dockyard To Curb Capital Flight, Boost Local Shipping Capacity -Perterside

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DGr-nimasa

By Udo ONYEKA  The multimillion dollar floating Dockyard owned by the Nigerian Maritime Administration and Safety Agency (NIMASA) which arrived the country recently will  curb capital flight once operational, even as the agency is making effort to create enabling environment for the growth of indigenous participation in shipping. The Director General of the Agency, Dr. Dakuku […]

Igbogbo Community Welcomes First Commercial Bank

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Sterling Bank logo

By Udo ONYEKA Sterling Bank Plc has  recently inaugurated a new branch amidst pomp and pageantry in Igbogbo LCDA of Ikorodu Local Government Area bringing smiles to the lips of business people, farmers and residents in the community who hitherto had to travel several kilometres to access banking services. Speaking at the inauguration ceremony, Comrade Olusesan […]

NAHCO Records N4.6bn Half Year Turnover

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NAHCO Pledges Consistent Dividend Payment to Shareholders

By Udo ONYEKA The Nigerian Aviation Handling Company (NAHCO) Plc has recorded N4.64 billion as its 2018 half year turnover. General Manager, Communications and Corporate Services of NAHCO, Tayo Ajakaye, who made this known in Lagos, said this was against the N3.71 billion recorded in the same period in 2017. While noting that the result […]

Two million traders to get loan in Nigeria’s micro credit scheme

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The Nigerian government has launched an initiative under the Government Enterprise and Empowerment Programme (GEEP), called the TraderMoni, which will empower two million petty traders between now and the end of the year. Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Laolu Akande, said in state house on […]

Egina project, a testimonial of Ease of Doing Business – VP Osinbajo

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The Acting President, Prof. Yemi Osibanjo, says the successful anchor of the Egina FPSO is not just a celebration of local content, but a resounding testimonial of success of Ease of Doing Business in Nigeria. According to a statement by the Nigerian Ports Authority (NPA) on Sunday, the vice president made the remark during his […]