First Edition of the Tastemakers Wine Series Hosted by Vendease

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Banking

The coronation said the shortage of currency could continue after the election.

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February 2, 2023
Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher. The Chief Economist of Coronation bank, Chinwe Egwim made this known via a statement on Wednesday while speaking on the launch of its 2023 Economic Review and Outlook report which focuses on trends for core macroeconomic indicators and relevant emerging policy themes that will…
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Market

Economists expect inflation to ease as consumer demand declines.

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February 2, 2023
Economists say limited demand for currency swaps and other central bank policies could lower inflation in January. They note that changes in the structure of the currency and the cashless policy pursued by leading banks may not have a long-term effect in curbing inflation in…
Energy

Heifer launches solar power plant for farmers in Lagos.

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February 2, 2023
Heifer International’s sponsored agritech storage solution, ColdHubs, has launched its solar-powered facility for smallholder farmers and sellers of perishable farm produce at the ABAT CBD Market in Ibeju-Lekki. The agritech company made this know during the launch on…
Transportation

The agent protests against the increase in shipping costs.

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February 2, 2023
The clearing agent has challenged shipping company Grimaldi’s plan to charge 25,000 naira for issuing a personal identification number. Agents say that the increase in commissions of companies for the exchange of PIN-codes will have a negative impact on importers. PIN codes are commonly used for imported goods that do not have a bill of lading. If the importer does not have a bill of lading…
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Markets

Dangote, Tough Deal at Ogun Cement Plant.

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February 2, 2023
Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State. According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of…
Energy

NNPCL opens new gas distribution center in Lagos.

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February 2, 2023
Nigerian state oil company Gas Marketing Limited opened a gas distribution office in Ikeja, Lagos on Monday. Built by Tilt Energy Limited, the facility includes multiple offices, including conference rooms, reception areas, waiting rooms, and a truck loading station to supply customers with gasoline across the state. At the opening, NGML Gas Distribution Managing Director Lawrence Chuku said the…
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Banking

NEXIM Bank, partner of cotton producers.

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February 1, 2023
The National Cotton Association of Nigeria (NACOTAN) has called on NEXIM Bank to ensure cotton grower’s benefit from the bank’s financial intervention. NACOTHAN made the call in a communiqué signed by the Chairman, Conference Organising Committee, Felix Egbamuno in Abuja, after a two-day summit and expo, with the theme, ‘Revamping the Cotton Value Chain.’ He said NEXIM Bank will partner…
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