Economy News Extra Latest News

Nigeria’s Rice Consumption Almost Four Times Global Rate – PwC

PriceWaterhouseCoopers (PwC) Nigeria has reported that with a consumption per capita of 32kg, Nigeria’s consumption increased 4.7 percent, almost four times the global consumption growth in the past decade. The consulting and research firm disclosed this in its ‘Boosting Rice Production Through Mechanisation’ Report published today. Specifically, PwC disclosed that Nigeria’s consumption reached 6.4 million […]

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Heritage Bank Launches Octopus App To Enhance Service Delivery

Heritage Bank Plc has introduced Octopus, an advanced intelligent digital tool, to optimize its operations in terms of services delivery to millions of its customers. The solution, which is full-fledged digital bank, has been described by financial technology experts as a game-changing innovation that is poised to connect customers’ accounts with their Debit Card details […]

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NDIC Probes Banks Over Non-Rendition Of Fraud Cases’ Returns

The Nigeria Deposit Insurance Corporation (NDIC) has unveiled plans to investigate some Deposit Money Banks (DMBs) for inadequate rendition of returns to the Corporation on instances of fraud and forgeries. The Corporation, which gave this hint in a statement issued by its Head, Communications and Public Affairs, Mohammed Ibrahim, indicated that the decision was taken […]

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Farmers, Agro Export Trade Stakeholders Set Growth Agenda For FG

Traders, farmers, and other stakeholders involved in food and agribusiness in the country have set a 10-point strategic agenda for implementation by the Federal Government and its agencies to growth the nation’s agribusiness and facilitate sub-regional trade in the sector. The proposed measures were part of the recommendations adopted by the stakeholders at the end […]

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Experts, Organised Labour Caution FG On CFTA Pact

Some trade experts, the organized labour and other economic interest groups have advised the Federal Government not to assent to  the proposed Continental Free Trade Area (CFTA) agreement in view of its potential negative impact on the nation’s economy. The experts expressed serious concern that the agreement, which is aimed at liberating the African economy by […]

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Herdsmen, Farmers Clashes Threat To Nation’s Food Security – NANTS

The National Association of Nigerian Traders (NANTS) has cautioned that unless government frontally tackled the lingering herdsmen/farmers’ clashes, Nigeria may soon experience serious food crisis. The National President of the association, Barr, Ken Ukaoha, gave the warning at a one-day Farmers Consultative Meeting to Document and Validate Farmers Concerns and Challenges penultimate Thursday in Abuja. […]