Lagos, Nov. 30, 2022 – Mr Mohammed Bello-Koko, the Managing Director of Nigerian Ports Authority (NPA), has promised to partner Nigerian security agencies in protecting lives and property at Nigerian ports. A statement by the NPA in Lagos on Wednesday quoted Bello-Koko as saying this when he received the General Officer Commanding 81 Division of the Nigerian Army, Maj.-Gen. Obinna Ajunwa, in his office in Lagos. Bello-Koko said that the authority would collaborate with stakeholders and the nation’s security apparatus, especially the military high command, to protect lives and property …
I will embark on $10bn empowerment scheme for youths – Atiku
Akure, Nov. 30, 2022 – Alhaji Atiku Abubakar, the Presidential Candidate of Peoples Democratic Party (PDP), has promised to embark on a $10 billion for youth empowerment scheme if voted into power. Atiku made the promise at a rally in Akure on Wednesday to kick-start his campaign in the South-West, saying that the scheme had already been captured in his policy document. “We would set aside enough money to take care of our youths. We would set aside $10 billion as a fund to empower our young women and men. …
Sanwo-Olu commends small-scale businesses for resilience
Lagos, Nov. 30, 2022 – The Lagos State Governor, Mr Babajide Sanwo-Olu, has commended the resilience of small and medium scale entrepreneurs despite the harsh business environment Sanwo-Olu, who was represented by the state Commissioner for Commerce, Industry and Co-operatives, Mrs Lola Akande, gave the commendation at the closing ceremony of the 2022 Lagos International Trade Fair held yesterday. He commended the exceptional will-power of participants, especially the small and medium entrepreneurs, whose level of participation at the annual exhibition had remained very strong.” Sanwo-Olu said that the realities of the …
Economists urge new pricing model for petrol
Lagos, Nov. 30, 2022 – Proshare, a research and information service company in Lagos, has called for fair play and market efficiency in the downstream sector of Nigeria’s oil and gas industry. It said that the consensus of its analysts is that a new pricing model should be introduced in the sector to enthrone fairness among operators In its “Analysts Notes” released in Lagos today, the company said experts were calling for the discontinuation of the preferential treatment being given to NNPC in accessing foreign exchange at the official window. …
Stakeholders commend NIMASA boss for achievements in transport sector
Lagos, Nov. 30, 2022 – Dr Bashir Jamoh, the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), has received accolades for transforming and promoting the transport sector as President of the Chartered Institute of Transport Administration of Nigeria (CIoTA). A statement by NIMASA in Lagos said that stakeholders showered accolades on Jamoh for his achievements in the sector during the 4th National Transport Summit of the Institute in Abuja on Tuesday. “The Nigerian Army and other security agencies pledged their support to the growth and improvement of the country’s …
Research coy predicts higher 2.7% GDP growth for Nigeria in 2022
Lagos, Nov. 30, 2022 – United Capital Research, a Nigerian research firm, has predicted a 2.7 GDP growth rate for Nigeria in 2022. The research firm gave this projection in its economic outlook for the year, a copy of which was made available to the Global Business News in Lagos on Wednesday. It also predicted that the last quarter of 2022 will record a GDP growth rate of 2.0 percent, describing the 2.3 percent real GDP recorded in the third quarter of 2022 as the eighth consecutive high GDP growth rate …
Trade between the UK, Nigeria stands at 5.5 billion pounds
Abuja, Nov. 29, 2022 -The volume of trade between the United Kingdom and Nigeria Nigeria has risen to 5.5 billion pounds annually. The Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo and Uk Trade Envoy to Nigeria, Helen Grant confirmed the figures in a statement at the 8th ministerial meeting of the United Kingdom-Nigeria Economic Development Forum (EDF) According to the statement, the total trade in goods and services (exports plus imports) between the UK and Nigeria currently stands at 5.5 billion pounds. “Of this 5.5 billion pounds, total UK …
Afreximbank announces $1bn funding to boost African creative art
Abidjan, 29 November 2022 – Prof. Benedict Oramah, the President of African Export-Import Bank (Afreximbank), has announced a funding package of US$1 billion to support Africa’s creative industries under the auspices of the CANEX. Oramah announced the new package at the opening of a three-day event of CANEX organised by Afreximbank in partnership with the Government of Republic of Côte d’Ivoire. The CANEX WKND brought together about 3 000 cultural and creative talents, as well as investors, industry leaders, government representatives, and the media from Africa and the Diaspora, at the …
RT200: Nigerian exporters repatriated $4.98bn in 9 Months – Emefiele
Lagos, Nov. 29, 2029 – Nigerian non-oil exporters repatriated $4.98bn through the CBN $200bn Non-oil Export programme in its first nine months. The apex bank paid exporters N81bn rebate in the course of the programme. The Governor of the Central Bank of Nigeria, Godwin Emefiele, said this at the second edition of the TR200 Bi-annual Conference with theme ‘RT200 Non-Oil Export Programme: The Journey So Far’ held in Lagos on Tuesday. The RT200 is a programme of the Bankers Committee introduced in February 2021 and designed to encourage non-oil exporters …
FG approves N80bn for reconstruction of Sapele-Benin, Amukpe-Agbor roads
Sapele, Nov. 29, 2022 – The federal government has released N80 billion for the reconstruction of the failed Sapele-Benin road and Amukpe-Agbor-Uromi roads in Delta State. Senator Ovie Omo-Agege, the Deputy President of the Senate and APC Gubernatorial Candidate in Delta, said this in Sapele on Monday at a meeting with members of the Christian Council of Nigeria (CAN). He said that he requested from Delta State Governor, Dr. Ifeanyi Okowa, to know the status of the road all the way from Petroleum Training Institute to Agbor as soon as …