July 2020

The investment drive of the Ondo State governor, Arakunrin Oluwarotimi Akeredolu, SAN, is already yielding fruit as companies sited at the Ore Industrial Park begin full operations. Governor Akeredolu had signed Six Memorandum of Understanding (MoU) with…

In order to fast-track the implementation of the National Digital Economy Strategy and Policy the Federal Government has commissioned three ICT infrastructure projects deployed by the National Information Technology Development Agency (NITDA) across the country. The projects,…

The Lagos State is establishing a N10 billion Aquaculture Centre of Excellence (LACE) to encourage local production and support the Federal Government’s move to stop fish import by 2022. This is coming on the heels of the…

The Nigerian Stock Exchange (NSE) has approved application by Transcorp Hotels Plc to raise N10 billion in new equity funds from its existing shareholders. Regulatory documents obtained at the weekend indicated that the management of the NSE,…

The total amount released by the Central Bank of Nigeria (CBN) to farmers under its Commercial Agriculture Credit Scheme (CACS) since inception stood at N635.39 billion as at the end of the first quarter 2020. The CBN…

The Cabinet office of the United Kingdom has hailed a Nigerian information technology consultant, Victor Osagie, for his ingenuity in the mass production of ventilators to boost the fight against the coronavirus pandemic. In a commendation letter…

The International Finance Corporation (IFC), a member of the World Bank Group, has provided a loan of up to $50 million to Access Bank Plc to help the bank increase liquidity to thousands of small and medium-sized…

Following the approval of loans to selected maize farmers in Abia State, the Central Bank of Nigeria (CBN) has released planting inputs to farmers for this year’s planting season under it’s Maize Anchor Borrowers’ Programme. Member, Board…

The Nigerian Investment Promotion Commission (NIPC) says it is focused on replicating reforms gained at federal to state-level through State Investment Promotion Agencies. This was made known during a closed webinar attended by IPA heads from 30…

The Federal Government Bonds for the month of July worth N130bn, which were auctioned on Wednesday, were oversubscribed by N340.13bn, the Debt Management Office has said. The total subscription received for the bonds was N470.13bn, comprising of…