ASSETS & FINANCIALS

 Governor Ifeanyi Okowa of Delta State has assured local and international investors of high returns on investment when they tap into the rich business opportunities in the state. The governor spoke in Lagos while delivering a lecture titled ‘Public policy …

 Access Bank Plc has been named Bank of the Year in this year’s edition of the annual BusinessDay Banking Awards. The Group Managing Director and Chief Executive Officer of the bank, Mr. Herbert Wigwe, was also voted as the Bank …

 An Information and Communications Technology company, Zinox Technologies, has secured a $25m counterpart funding with which it seeks to roll out a trio of digital hubs in Nigeria. This was an aftermath of the visit of the Facebook Chief Executive …

 The Ambassador of the Republic Ireland to Nigeria, Mr. Sean Hoy, at the weekend, said Nigeria can only become a superpower in the world only when it can feed itself. Fielding questions from reporters during a courtesy call to the …

 Flour Mills of Nigeria Plc said it has increased its reliance on local raw materials as part of efforts to overcome the challenges posed by the shortage of dollar supply in the country. The country’s biggest miller by market value …

 The Central Bank of Nigeria said it provided a total of N1.99bn to 12,405 farmers under its Agricultural Credit Guarantee Scheme during the second quarter of this year. The ACGS is an initiative of the CBN set up to fast-track …

 The Minister of State for Agriculture and Rural Development, Senator Heineken Lokpobiri, has said that Nigeria spends about $22bn a year on food importation. Lokpobiri made this known on Saturday at a town hall meeting with stakeholders in Yenagoa,  Bayelsa …

 Pensioners are agitating for an increase in their monthly stipend, even as the Federal Government has yet to clear a backlog of pensions owed some of its retirees. Specifically, the Nigeria Union of Pensioners is asking the government to pay …

The Federal Government has empowered over 35,000 graduates in different skills through its Graduate Internship Scheme. The Project Director of GIS, Mr. Dennis   Chukwu, disclosed this in Abeokuta on Monday during an orientation programme organised for interns, in partnership with …

The Federal Government has approved plans for external loans from the World Bank, China and Japan. It specifically said Nigeria would take loans from institutions such as the World Bank, African Development Bank, Japan International Cooperation Agency, and Export-Import Bank …

The Central Bank of Nigeria is planning to borrow the sum of N952.04bn ($3.02bn) with new issues of Treasury Bills from September 15 to December 1, 2016. In its latest TBs issuance calendar, the CBN said it would sell N264.47bn …

The presidency on Thursday said it had approved an external borrowing plan after the cash-strapped African economy plunged into official recession. “Low cost, long-term loans (1.25% interest, 20yr tenor)” would be sought from the World Bank, African Development Bank, China’s …

 The Federal Government said it would again set aside the sum of N500bn in the 2017 budget for its social intervention programme. The amount when added to the N500bn earlier approved for the same purpose this year would bring the …

 The Central Bank of Nigeria has unveiled sanctions grid to Deposit Money Banks participating in the disbursement of the N213bn Nigeria Electricity Market Stabilisation Facility, popularly called power sector intervention fund. The sanctions were contained in a five-page circular posted …

 A report released by the United Nations says Nigeria is in a fix. It said the country had been deeply divided along ethnic, religious and regional lines. It painted a gloomy picture of the country’s economy, noting that most of …

 The National Bureau of Statistics on Sunday said the  telecommunications  sector  contributed  N1.58tn in real terms to the country’s second quarter Gross Domestic Product. It said the second quarter performance for the telecoms sector represented about 9.8 per cent of …

 The Federal Government has announced its readiness to partake in the $100bn market for pulses(food crops) in India as it has commenced moves to start growing the plant in commercial quantity for export to the Asian country. It stated that …

 The Association of Retired Senior Public Officers of Nigeria has pleaded with the Federal Government to pay its members all outstanding pension benefits and erase every disparity in the payment of pensions between its members and their serving counterparts. In …

 Nigeria’s Gross Domestic Product has contracted by 2.1 per cent in the second quarter of 2016, according to data from the National Bureau of Statistics. However, seven activities in the non-oil sector recorded positive growth. The activities that  drove growth …

 Seven months after halting production, Dangote Tomato Processing Factory, located in Kadawa Village in Kura Local Government Area of Kano State, is to resume production in December. The Managing Director of the company, Alhaji Abdulkadir Kaita, who made the disclosure …