Economy – Page 215 – City Business News

June 21, 2022 No Responses

Edo Reiterates Support For Oil Palm Investment

The Edo State Governor, Mr. Godwin Obaseki, has said the government’s sustained investment in oil palm cultivation and production will enhance the diversification of the state’s economy from crude oil and support ongoing efforts to engender forest regeneration. Obaseki, speaking...

June 19, 2022 No Responses

NPA Tasks Procurement Dept On Processes, ISO Certification

The Managing Director, Nigerian Ports Authority (NPA), Mohammed Bello-Koko has challenged the procurement department to be more proactive in terms of decisions on processes and procedures. Addressing participants at the NPA Procurement Strategic Retreat ...

June 18, 2022 No Responses

Opinion: Inflation Timebomb Threatens Nigeria’s Outlook

By Lukman Otunuga, Senior Research Analyst at FXTM — There was a period when Nigeria displayed resilience against the inflation menace. As other countries across the globe waged war on rising prices, Africa’s largest economy experienced periods of cool...

June 17, 2022 No Responses

Work Bank Seeks Accelerated Implementation Of NG-CARES By States

The Nigeria COVID-19 Action Recovery and Economic Stimulus (NG-CARES) has urged the 36 states of the federation and the Federal Capital Territory (FCT) to accelerate the implementation of the programmes. Prof. Foluso Okunmadewa, the World Bank, Lead Spec...

June 17, 2022 No Responses

Saro Oil Palm Embarks On Pre-Planting Activities In Edo

An integrated agricultural company, Saro Oil Palm Limited has embarked on pre-planting activities in preparation for the development of a 10,000-hectare oil palm plantation in Orhionmwon Local Government Area of Edo State. Managing Director of Saro Oil P...

June 16, 2022 No Responses

Shippers’ Council To Hold Maritime Seminar For Judges In July

By Moses Ebosele, ebosele@hotmai.com — The management of Nigerian Shippers’ Council (NSC) in collaboration with the National Judicial Institute (NJI) is to hold a three-day seminar for judges from July 5 to July 7, 2022, at Sheraton Ho...

June 14, 2022 No Responses

FirstBank Gets $150m From Afreximbank To Support Businesses

African Export-Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria under it’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Group Head, Marketing and Corporate Communications, FirstBank, Mrs Folake Ani-Mumuney, in a stateme...

June 14, 2022 No Responses

Osinbajo Urges Caution On Economic Sovereignty

Africa’s developmental aspirations can be actualised by deepening cooperation and collaboration with the rest of the world, Vice President Yemi Osinbajo has said. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday explained that the vice pr...

June 12, 2022 No Responses

NDIC Reiterates Commitment To Financial Stability

Managing Director, Nigeria Deposit Insurance Corporation (NDIC), Mr Bello Hassan, has said the corporation would continue to monitor the banking sector to address challenges it might be facing. Hassan said this at a retreat for members of the Senate...

June 12, 2022 No Responses

Experts To Brainstorm On Nigeria’s Financial Inclusion Initiative At Oriental News Confab

Key stakeholders in Nigeria’s financial sector would engage in a robust round table discussion on governments key policy which centers around inclusive financial system that will cover all strata of the society. The experts drawn from key private s...

June 11, 2022 No Responses

Squad by GTCO: Reshaping the Nigerian Payment Space

Fragmentation in the Nigerian payment space has served more as a constraint than an enabler; Squad by GTCO positions to lead with innovation and efficiency Without a doubt, digital payment is the next growth frontier for financial services. Amongst other...

June 11, 2022 No Responses

Opinion: The Blue Economy: An Untapped Potential

By Okai Abuwinne Anthony — The Blue Economy concept has gained prominence in the last decade. This can be attributed to the depleting resources of countries especially oil and gas and other solid minerals and the concomitant need for nations...

June 10, 2022 No Responses

NGX Implores Firms On Sustainable Business Practices

Chief Executive Officer of Nigerian Exchange (NGX), Mr Temi Popoola, has called on organisations to adopt sustainable business practices and report sustainability performance to stakeholders. Popoola made this call while speaking at the Digital Closing G...

June 9, 2022 No Responses

Okonjo-Iweala Warns Of Global Food Crisis

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said. African countries could be hit especially hard by wheat and fertilizer shortages, WTO director-general Ngozi Okonjo-Iweala...