Air Peace named airline partner for Enugu State Investment Summit

Air Peace Limited has been named Airline Partner for the forthcoming Oganiru Enugu State Investment Summit scheduled to hold from April 12 – 14,...

How fraudsters connive with registrars, brokers to sell people’s shares, by expert

The persisting fraud in the Nigerian capital market, may take long to abate hence notable market criminal acts are usually in connivance with the...

Heritage Bank, Oyo State partner on economy diversification

In line with the current drive by the government to diversify the economic and revenue base of the country, Heritage Bank and Oyo State Government have gone into a multi-billion naira partnership to revive agriculture and boost agro-allied businesses in the state. Tagged, ‘Oyo State Agricultural Initiative,’ OYSAI, the state government announced that the project was part of its revolution in the agriculture sector and a massive empowerment programme for both the youth and women across the state. Speaking at the launching of the project in Paago Village, along Igboho – Okeho road on Tuesday, the state governor, Senator Abiola Ajimobi, explained that the state has “successfully secured a viable partnership with some private investors and financial institutions to back up the project in the areas of poultry development, rice production and processing along the value chain.” The governor thanked Heritage Bank and other partners for electing to support the project aimed at diversifying the state economy and drive self-sustainability by adding value to the lives of about one million beneficiaries. He added that the project will also reposition the state as the food basket of Nigeria and generate massive revenue for economic emancipation. “Farming is attractive; we want to make it more attractive. The programme will create jobs, wealth and socio-economic productivity. It will link agriculture to small business and manufacturing. The programme will also improve the lot of women, youth and small scale businesses,” Ajimobi said. The project, according to the governor, will spread across 3,000 hectares of land in 28 out of the 33 Local Government Areas of the State. He added that the project will be in three stages: food crop cultivation, cash crop/horticulture and food processing. Under the arrangement, land, improved seedlings, fertilizer and farming equipment will be made available to participants in the projects, while the bank will support willing agro investors with funds and advisory services. The bank’s Executive Director, Lagos, South West and Corporate Banking, Mrs. Mary Akpobome, who represented the Managing Director/CEO of Heritage Bank, Mr. Ifie Sekibo, at the launching stated that the project was in line with the bank’s vision of partnering with individuals, organisations and governments to create, preserve and transfer wealth across generations.

Australia, Norway to Partner NIMASA on Maritime Development

The Australian Deputy High Commissioner to Nigeria, Angela Tierney has stated her country’s desire to collaborate with the Nigerian Maritime Administration and Safety Agency...

NDE, World Bank train 227 unemployed youths on entrepreneurial skills

Unemployed Youths in Cross River State, South-South Nigeria have begun to benefit from the collaboration between The National Directorate of Employment (NDE) and the...

Expert canvasses more power sector investments

A power sector expert, Mr. Gracious Omatseye, has advised the Federal Government to encourage more investments in the sector to raise to electricity supply...

Wabba emerges NLC President

A former President, Medical and Health Workers Union of Nigeria, Mr. Ayba Wabba, has been elected President of Nigeria Labour Congress at the NLC...

Labour will demand new minimum wage, NLC warns

The Nigeria Labour Congress (NLC) said it would soon submit a proposal demanding for a new minimum wage of N48,000, based on the impact...

FBNMB boss tasks banking sector on sound corporate governance

  “Sound corporate governance goes beyond compliance and check-lists; it must become a way of life. We have a duty to ensure that it permeates...

BoI signs MoU with capacity building facilitators

As part of its initiative towards facilitating and accelerating industrial development through financing, the Bank of Industry (BoI) has on Monday signed a Memorandum...