Business News Archives — Page 18 of 48

December 3, 2020 No Responses

Ondo To Benefit From $200m Livestock Support Grant

The Federal Ministry of Agriculture and Rural Development has said that Ondo State will benefit from the 200 million dollars World Bank Livestock Productivity and Resilience Project (L- PRES).The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono, made this...

December 3, 2020 No Responses

Nigeria Produces 2.3m Metric Tonnes Of Tomato Annually

Nigerian farmers produce 2.3 million metric tonnes of tomato annually, Executive Director, National Horticultural Research Institute (NIHORT), Dr Abayomi Olaniyan, has said. Olaniyan disclosed this on Wednesday at the inauguration of a one...

December 1, 2020 No Responses

Ecobank Nigeria Unveils Smart SME Agency Banking Campaign

Ecobank Nigeria has launched Smart Small And Medium Enterprise (SME) Agency Banking campaign targeted at empowering 100,000 entrepreneurs under the Ecobank SME and Agency Banking proposition. Emeka Agada, Head of SME, Ecobank Nigeria, said the initiative was i...

November 29, 2020 No Responses

Farmers Allay Fears Of Cassava Shortage, Explains N19.7b Intervention Funds

Some farmers under the aegis of the Cassava Growers Association of Nigeria (NCGA) have allayed fears of an impending shortage of cassava in 2021, due to inability to access government intervention funds. A member of the association, Yemi Williams told...

November 24, 2020 No Responses

Samsung Secures $2.5b Ship Block Deal

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a major ship block deal, the biggest ever single contract deal in the yard’s history. The deal, revealed on Monday in a stock exchange filing, comes from an unnamed European shipowner...

November 23, 2020 No Responses

Katsina Disburses N2b Loan To 90,677 Traders, Small Businesses

The Katsina State Government has disbursed N2billion as loan to 90,677 traders and small business owners in the state to boost economic activities. Alhaji Abdulkadir Mohammed-Nasir, the Special Adviser to Gov. Aminu Masari on Economic Empowerment made th...

November 22, 2020 No Responses

Transport Ministers Meet Over Regional Maritime Bank

The Minister of Transportation, Rotimi Amaechi has met his West and Central Africa counterparts to deliberate on the establishment of a Maritime Bank. A statement issued by Amaechi’s Media Assistant, Taiye Elebiyo-Edeni, explained that the Mi...

November 20, 2020 No Responses

IMF: Global Economy ‘Losing Momentum’

The global economic recovery may be losing momentum as coronavirus infections surge again, the International Monetary Fund has warned. Fund chief Kristalina Georgieva said more economic help is needed, and warned countries against withdrawing aid too soon. Rec...

November 19, 2020 No Responses

NSE Members Approve Listing By Introduction

The Nigerian Stock Exchange (NSE) on Wednesday received members approval for listing by introduction at its 59th Annual General Meeting held in Lagos. President of the National Council of NSE, Otunba Abimbola Ogunbanjo, explained that the appro...

November 17, 2020 No Responses

Market Capitalisation Loses N279b

For the second consecutive days on Tuesday,transactions on the Nigerian Stock Exchange (NSE) closed southward with market capitalisation dropping N279 billion on continuous profit taking. The market capitalisation dipped N279 billion or 1.53 per cent...

November 16, 2020 No Responses

Fifteen Countries Seal World Biggest Trade Deal

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Austra...

November 14, 2020 No Responses

India Seeks Closer Collaboration With Nigeria On Alternative Medicine

Nigeria and India are seeking closer collaboration on alternative medicine practices in the treatment of ailments and management of COVID-19 as India marked the fifth anniversary of Ayurveda Day on Friday. Ayurveda is India’s alternative and traditional heal...

November 11, 2020 No Responses

TETFund Targets N500bn Tax Revenue In 2021

The Tertiary Education Trust Fund (TETFund) has unveiled plans to generate N500 billion as Education Tax in 2021 fiscal year. Chairman, TETFund Board of Trustees, Mr Kashim Imam, said this at the 2020 Joint Interactive Forum organised by TETFu...

November 10, 2020 No Responses

GTBank Emerges 2020 Best Digital Bank In Nigeria

A research and credit rating agency, Agusto & Co, on Monday disclosed that GTBank Plc ranked highest in user experience in the third edition of consumer banking satisfaction index. Senior Analyst, Financial Institutions Ratings, Agusto & Co, Mrs Mariam...