Ogun State, Nigeria, World News & Stories
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242 posts in this category.
The World Bank says the Nigerian government’s exchange rate management policies are discouraging investments and fuelling inflation in the country The bank disclosed this in the November edition of its Nigeria Development Update. While highlighting the role of the Central Bank of Nigeria in exchange rate stability, the World Bank said there had been intense…
The adoption of Basel 111 would strengthen Nigerian banks’ stressed capital level, improve capital quality (as risk levels are reduced with the exposure restriction) and maintain a strong liquidity position, says an investment banking and research group Afrinvest (West) Africa Ltd. The company in its newly released report on Nigerian banking sector stated that after…
Ogun Governor Prince Dapo Abiodun has assured that his administration will continueto put in place policies and programmes to develop and improve on the manufacturing sector as a catalyst to the economic growth of Ogun State. Prince Dapo Abiodun gave the assurance on Thursday at the 36th annual General meeting of the manufacturers Association of…
12 supplementary regional offices has been created by the Ogun State Ministry of Industry, to allow its services closer to investors with hope to improving the Ease of Doing Business (EoDB) in the state. Mrs. Kikelomo longe, Commissioner for Industry, Trade and Investment made this known when commissioning of Abeokuta North zonal Office in Oke-Ilewo,…
HUNDREDS of members of the local government pensioners and retired primary school teachers in Ogun State have declared three days fasting and vowed to stage a protest against the state Governor, Dapo Abiodun, for his alleged refusal to pay their gratuities.The pensioners on the platform of Local Government Pensioners Association said they would go to…
Firm said it is ready to invest $500m on tree plantation for paper production in Ogun State.A statement by the Ministry of Industry, trade and Investment, Ogun State, said on Thursday.It said a working partner Prince Bayo Ikujenyo, in Dahua, disclosed this when the Commissioner, Industry, trade and Investment, Kikelomo Longe, paid a visit to…
During the 279th MPR meeting held today in Abuja, Godwin Emefiele , , the CBN Governor assured Nigerians that digital currencies will have a place in the country. Godwin said, “We have carried out our investigation and we found out that a substantial percentage of our people are getting involved in cryptocurrency which is not the…
Difficult times are here and any pretension to the contrary has been ripped to shreds with Wednesday’s resolution of the governors giving full backing to complete deregulation of the downstream sector of the petroleum industry, which in effect may jerk the pump price of petrol to N385 per litre. The masses will face more challenging…
Two Nigerian tier-1 Banks – Access Bank Plc and Zenith Bank Plc – are among financial institutions that have indicated an interest in the acquisition of Union Bank Plc from Atlas Mara Limited. Atlas Mara is the single majority shareholder of the Nigerian old generation bank. It owns 49.97 per cent of Union bank shares.…
The Nigerian government and Microsoft have detailed several projects aimed at empowering the nation’s movement towards a more digital economy. Microsoft announced Monday that, after in-depth consultation with the government, it has identified three main pillars that will help lay a solid foundation for Nigeria’s digital economy: connectivity, skills and digital transformation. “We believe in…
