The Minister of State for Budget and National Planning, Clem Agba, has disclosed the Federal Government commenced some priority actions in 2022 in order to make food systems more sustainable.
He disclosed this in Abuja during the inauguration of a 20-man steering committee on state implementation of the food systems transformation pathway in Nigeria.
According to the minister, the priority actions…
The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had adversely affected his members.
Gideon said that the CBN’s policy had also brought about untold…
The policy of dormant CBN accounts has raised concerns in the banking sector.
April 21, 2023
Banks and their customers have raised concerns over the Central Bank of Nigeria’s proposed plan to mop up funds from dormant accounts. While the proposal is not new, stakeholders argue that it could potentially have unintended consequences on the banking sector, reports…
With 5.5% Stake, Femi Otedola Emerges Transcorp’s Largest Individual Shareholder
Billionaire businessman, Mr. Femi Otedola has emerged largest single individual shareholder in Transnational Corporation Plc (Transcorp), a publicly traded diversified conglomerate chaired by Mr. Tony Elumelu.
A top stockbroker at the Nigerian Exchange Group (NGX), disclosed to THISDAY that the billionaire now…
The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed.
The minister, who spoke at a workshop aimed at accelerating small hydropower investments in Nigeria, said the lack of capacity to…
The National Bureau of Statistics has disclosed that the Ikeja Electricity Distribution Company had the highest electricity revenue for the third and fourth quarters of 2022.
NBS noted that the Ikeja DisCo generated N40,558.7 billion and N45,625.79 in the third and fourth…
The International Monetary Fund says the recent slowdown witnessed in Foreign Direct Investment, especially in developing countries can be linked to the divergent trade patterns among countries, with flows increasingly concentrated among geopolitically aligned countries, particularly in strategic sectors.
It said the new development would affect emerging markets and developing economies given…
The Board of Directors of Heritage Bank has announced Mr Akinola George-Taylor as the substantive Managing Director/Chief Executive Officer of the bank.
Mr Ozena Utulu, Group Head, Corporate Communications of the bank, said this in a statement on Sunday.
The statement…
The Federal Government, on Thursday, said the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020.
It disclosed this in Abuja through the Nigeria…
Stakeholders in the financial sector have canvassed the need to grow the insurance and pension sectors.
They spoke at the annual conference of BusinessToday Communication Limited in Lagos with the theme, ‘Consumer satisfaction in deepening penetration in insurance and pension sectors’.
The Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, called on the…