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Business & Economy

242 posts in this category.

Ogun State As Agro-allied Investment Destination In Nigeria

A Strength, Weakness, Opportunity and Threat (SWOT) analysis of the state’s agricultural production indicates that Ogun State has competitive advantages in the cultivation of food crops such as cassava, plantain, rice, yam, maize and sweet potato, among others and cash crops such as cocoa, oil palm, timbers, kola nuts, cashew and rubber. Proximity to Lagos,…

Forex Liquidity Presents Risks To Nigerian Banks’ Ratings – Fitch

Fitch Ratings has said foreign currency liquidity presents a significant risk to Nigerian banks’ ratings. The international rating organisation said this in its report on Tuesday entitled ‘Fitch Ratings sees gradual recovery for African banks in 2021’. Part of the report read, “Foreign-currency liquidity risks have not materialised, particularly in Nigeria but present a significant…

Dapo Abiodun Set To Presents Ogun 2021 Budget Estimates

Ogun State Appropriation Bill 2021 is ready. Prince Dapo Abiodun will in line with section 121 of the 1999 Constitution of the Federal Republic of Nigeria, (as amended) present the Ogun State 2021 budget estimates to the State’s House of Assembly on Wednesday, 2nd December 2020. A press release from the Clerk of the House and Head of Legislative Services, Mr Deji Adeyemo, showed…

The Ogun State Governor’s Wife Hands-out N26m Interest-free Loan On Women’s Entrepreneurship Day

The sum of N26 million interest-free loan was, yesterday, presented to 11 beneficiaries by the wife of Ogun State Governor, Mrs. Bamidele Abiodun. While presenting the cheques to beneficiaries of the SheVentures Women in Business Team, at an event to mark Women’s Entrepreneurship Day 2020, in Abeokuta, she re-affirmed the commitment of the present administration…

Bill On New Departments For Senior Citizens, Physically Challenged – Ogun Speaker

Speaker of Ogun State House of Assembly, Rt. Hon. Olakunle Taiwo Oluomo, has guaranteed members of the State chapter of the Nigeria Union of Pensioners (NUP), led by Comrade Waheed Oloyede, of the Assembly’s Commitment to the welfare of the elderly and the physically challenged, as he is putting together a bill that will create…

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Opec Vows Full Agreement With Oil Production Reduction Plan

The Organisation of Petroleum Exporting Countries (OPEC) yesterday restated its commitment to full conformity with crude oil production curtailment plan agreed to by members in April, following a devastating fall in prices. At the 24th meeting of the Joint Ministerial Monitoring Committee (JMMC), which took place via video conference, the cartel said that it was…

In-vivo Group, France-based Agency To Invest $200m In Ogun

Following the signing of ‘’letter of intent’’ between the Ogun State Government and In-vivo, France-based agency, at the State House in Abuja, to regenerate 108,000 hectares of degraded lands in the forest and game reserves of Imeko and Aworo in the State, Governor, Ibikunle Amosun has assured people of the State of greater benefits Addressing…

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Dangote Group Announces New Appointments

Dangote Industries has announced new appointments to strengthen the Group’s executive management team and to consolidate on its strategic business growth trajectory. Africa’s foremost indigenous conglomerate, in the new organizational rejig, made Mr. Olakunle Alake the erstwhile Chief Operating Officer (COO) as the new Group Managing Director. Dr. Adenike Fajemirokun, the Group Chief Risk Officer…

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