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AfDB, Researchers’ Group Partner On Africa’s Food Security Agenda

The African Development Bank Group (AfDB) and the Consortium of International Agricultural Research Centres (CGIAR) committed last Thursday to strengthen their collaboration to increase food production and provide better nutrition for Africa’s growing population. A news report from African Press Organisation (APO) Group circulated on behalf of the bank on the collaboration indicated that with […]

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Investment Analysts Forecast Positive Momentum In NGX

Investment researchers at Bancorp Securities Limited, a leading Nigerian investment research and consulting services providing company, have projected that tradings in the Nigerian Exchange (NGX) would remain positive this week based on the current micro and macroeconomic indices. The experts, in the firm’s ‘Weekly Stock Recommendation for Jan 29 – Feb 02’ report circulated to […]

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CBN Injects $500Mn Into FX Market For Outstanding Commitments

The Central Bank of Nigeria (CBN) announced the release of another $500 million into the foreign exchange (FX) market as part of its monetary measures to boost liquidity in the market and by so doing, stimulate growth in the economy. The latest injection of another tranche of $500 million into the FX market came just […]

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Crown Takaful Insurance Secures NAICOM’s Approval To Commence Operations

Barely three months after the issuance of approval in principle by the National Insurance Commission (NAICOM), the management of Crown Takaful Insurance Limited on Monday, December 18, received the operating licence from the industry regulator authorizing the company to commence business for the benefits of Nigerians nationwide. As a modern concept of ethical insurance, Crown […]

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Intervention Funds: Bank Customers, NANTS, Others Seek MFBs’ Involvement

Worried by the recent alleged abuses in the disbursement of poverty alleviation funds by the Ministry of Humanitarian Affairs, some leading banking and development experts have called on the Federal Government to begin to use of Microfinance Banks (MFBs) in the disbursement of such funds in order to achieve the objectives of the poverty alleviation […]

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TAJBank, NIPOST Collaborate on Public-Private Partnership Initiatives

Nigeria’s fastest growing non-interest banking services provider, TAJBank Limited and Nigerian Postal Service (NIPOST) have formalized a new public-private partnership (PPP) initiative with a view to working together for mutual and the nation’s socioeconomic benefits. The partnership between the non-interest lender and the postal services agency was formalized at the NIPOST Head Office in Abuja, […]

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Lagos State Mulls Investment In Airline Business

Lagos State Government has unfolded plans to establish a commercial airline business as it prepares for the groundbreaking of the construction of its own airport in Lekki axis of the state. Governor Babajide Sanwo-Olu disclosed the plan on Thursday at the Lagos West Senatorial District People’s Town Hall Meeting, where he highlighted the achievements of […]

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NGX Group Targets Improved FDI Inflows, Retail Investors’ Stake

The Group Managing Director and Chief Executive Officer, Nigerian Exchange Group Plc (NGX), Temi Popoola, has highlighted various plans by the exchange group to enhance its technology infrastructure, attract listings, enhance retail investor’s participation and attract foreign capital inflows into the economy. Popoola spoke on these transformational initiatives on Thursday, while addressing global leaders of […]

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FGN, Morocco Reopen Parley On Nigeria-Morocco Gas Pipeline Project

The Federal Government of Nigeria and the Kingdom of Morocco have reopened their discussions to fast-track the process of achieving the Final Investment Decision (FID) on the Nigeria-Morocco gas pipeline project. The parley took place on the sidelines of a meeting between the Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo, and the […]

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Abiodun Seeks Lafarge, Others’ Support On Abeokuta-Ota-Lagos Highway Reconstruction

Ogun State Governor, Prince Dapo Abiodun, has called for the support of Lafarge and other multinational companies operating along the Abeokuta-Ota-Lagos Expressway as his administration continues to make efforts to reconstruct the highway. The governor said that reconstructing the road would have multiplier effects on the socio-economic development of the state, while companies who have their […]