’Eko Rice ‘ll be ready In 6 months Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday inspected the new Imota site, in Ikorodu, proposed for the relocation of the popular Mile 12 Market, where he assured that work will commence on the site next week. Ambode, who was accompanied on the inspection visit by top officials of the Ministry of Physical Planning and Urban Development and members of the State Executive Council said the relocation of the market became necessary following the recent clash in the area, just as he directed the Ministry to move to site and commence work…
Author: Pride Team
Governor Adams Oshiomhole of Edo state has told a gubernatorial aspirant of the Peoples Democratic Party (PDP) in the state, Pastor Osagie Ize-Iyamu that he is proud to call Alhaji Aliko Dangote his friend while Ize-Iyamu’s can’t boast of his friends and associates as some of them have been convicted of looting the state’s treasury. Pastor Ize-Iyamu, who was Secretary to State Government during the administration of Mr. Lucky Igbinedion as Governor of Edo state had in a press statement published in some newspapers said “with the touted relationship with Dangote, it is just a few months to the end…
Microcred Community Bank has ventured into micro-insurance services. The investment decision is coming about 3 months after the bank secured licence from the CBN to offer its services nationwide. The banks hopes to reach out to about 300,000 insurance customers in Lagos within the next four years with the anticipation to generate N40 billion. The Chief Executive Officer of Microcred, Mr. Kazeem Olarenwaju, explained that the diversification was to sustain the company’s growth and leadership position. He said that Microcred had entered partnership with AXA Mansard, a member of the global AXA Group, to give clients multi-faceted insurance services. “Through…
Air Peace Limited is partnering with Enugu state in the forthcoming Oganiru Enugu State Investment Summit. The three–day summit with the theme, “Beyond Oil: Fostering Inclusive Economic Growth and Sustainable Development” aims at promoting enterprise and improve economic productivity in the state. Announcing the partnership, the Director-General of Oganiru, Ike Chioke, expressed appreciation to the management of Air Peace for keying into the vision of the Enugu State Government and supporting the Investment Summit. According to him, “The partnership with Oganiru is a sign of the airline’s commitment towards the growth and development of Enugu State, the south-east region and,…
Dangote Group unveiled a $1 billion cement plant at Okpella, in Edo State. The new plants would add six million metric tonnes of cement per annum to the company’s current output bringing it to 41 million metric tonnes per annum with potentials for 6,000 new jobs. Chairman of the group, Aliko Dangote while speaking at the ceremony, said Nigeria still remains the best place to invest in the world, adding that a key factor that drives investments in an economy is the presence of an investor-friendly business climate. Dangote noted that Edo State is today one of the most attractive investment destinations in Nigeria,…
The Central Bank of Nigeria (CBN) has given a whopping N26bn support to increase sugar production in the country as part of measures to promote economic diversification. The CBN Governor, Mr. Godwin Emefiele, during a facility tour of the new completed Sunti Golden Sugar factory located in Sunti, Niger State assured genuine investors of cooperation and support towards self-sufficiency in the production of essential goods locally. The governor, expressed satisfaction with the progress made at the factory, noting that such investments would assist in generating employment and creating wealth for the people. He, however, urged smallholder sugar cane farmers in…
UK shares were flat on Monday, steadied by gains among mining stocks and banks, although house builders fell on worries about a slowdown in London’s high-end property market. Shares in mining companies led the gainers, with Anglo American, Glencore and Rio Tinto all rising between 1.8 and 3.8 percent. Analysts said comments from the Bank of Japan’s governor raising the prospect of further easing had fuelled risk-on sentiment. “Now it feels like everyone’s looking towards the yen as a barometer for the state of play in terms of whether we’re risk-on (or) risk-off,” Joshua Mahony, market analyst at IG, said.…
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