Businesses
2,700 Akwa Ibom women benefit from federal government’s special grant
The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, has advised Nigerian women not to regard the N20, 000 special grant given to the rural woman by the federal government as the fabled national cake. She has rather charged the beneficiaries to judiciously use the grant to improve their living standard by utilizing it as seed capital do boost their trades and businesses for greater income. Speaking through Bashir Nura Alkali, the permanent secretary of the ministry, at the flag off of the Grant for Rural Women Project and the symbolic disbursement of the grant to 2700 women of Akwa Ibom state, in Uyo, on Thursday, Farouq explained that the Grant for Rural Women Programme was introduced in 2020 to sustain the social inclusion agenda of Presid...
CNG: Northerners should be wary of Yayaha Bello, Femi Fani-Kayode
The Coalition of Northern Groups, CNG, has said that Kogi State governor, Yahaya Bello, and Chief Femi Fani-Kayode, fooled the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria, AUFCDN, to suspend its strike action and resume supply of food items to the South. It also said northerners should be wary of the duo, who it accused of being driven by personal interests and not the interest of the North. The leading northern group said this in a statement by its spokesman, Suleiman Abdul-azeez, made available to newsmen today. The statement reads: “The Coalition of Northern Groups CNG is of the view that the conclusion to suspend strike action embarked by the cattle and foodstuff dealers under the aegis of the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) was fo...
Okomu Oil Palm wants central bank to review anchor borrowers programme
Okomu Oil Palm Company Plc. wants a review of CBN’s Anchor Borrowers Programme (ABP) to accommodate more farmers and to shore up the nation’s foreign earnings from agriculture. The ABP is targeted at smallholder farmers engaged in the production of rice, maize, wheat and cash crops like oil palm, cocoa and rubber, among others. Speaking with newsmen on Monday in Benin, Okomu Oil’s Managing Director, Dr Graham Hefer, noted that cash crop farmers were yet to fully benefit from the programme. He said food crop farmers had an edge because they could cultivate, harvest, sell and repay their loans within the specified one year period. “It is easy for farmers engaged in annual crops to meet their targets. “This doesn’t happen with cash crops because in the first three years of oil palm production...
Chukwuma Soludo: I received 19 threats during banking consolidation era
YouTube The former governor of the Central Bank of Nigeria, CBN, Professor Charles Chukwuma Soludo, at the weekend in Awka, narrated how he received 19 written threats on his life following his decision to embark on banking consolidation in Nigeria in 2004 when he became the boss of the nation’s apex bank. In an interview, Soludo also recalled attempts made to kidnap his children at Offa, Kwara State where they were at the time because many people felt threatened by the policy. He said: “I am a very impatient person to see change happen and I am passionate in anything I focus on. When I was the chief economic adviser to President Olusegun Obasanjo, and the tenure of the former CBN governor ended and I came in. within one month, I announced a 13 – point agenda for banking consolidation. “At...
Anambra introduces coronavirus mobile testing
The Commissioner for Health in Anambra State, Vincent Okpala, said on Thursday that the government, through its Ministry of Health, has introduced more aggressive measures, including mobile testing, in order to curb the spread of COVID-19 in the state. Mr Okpala, a medical doctor, told newsmen in Awka that the ministry has introduced a drive-through COVID-19 testing where samples would be collected while the residents go about their normal businesses. The commissioner said a mobile truck with medical officers would drive through the streets to collect samples from the people voluntarily. He appealed to the public to avail themselves of this opportunity and go out for free and voluntary testing. The mobile team would also visit churches in the state to counsel the people on the need to go f...
Ekiti moves to reposition MSMEs for economic growth
Ekiti State Government has expressed its determination to enhance the growth of Micro, Small and Medium Enterprises (MSMEs) to boost economic prosperity of the state. The government had before now reconstituted a 22-member Council to address the myriad of challenges confronting MSMEs in Ekiti , with intention to upscale industrial growth and development . The Commissioner for Investment, Trade and Industry, Mr Muyiwa Olumilua, stated this during a one-day sensitisation workshop with the theme: “Making Economy A Private Driven Economy” held in Ado Ekiti. He said the state government will partner federal government and corporate agencies to facilitate opportunities for business owners in the state. Olumilua at the event, which brought together medium and small scale business owners from acro...
Edo government warns worship, events centres against violating coronavirus protocols
The Edo State Government has warned owners of event centres, eateries, restaurants, pubs, shopping malls and other places hosting social events in the state against violating the state’s COVID-19 prevention protocols. In a statement signed on Saturday by the Secretary to the State Government, Osarodion Ogie, the government said event centres or business premises that violate regulations on social gatherings would be shut and owners or operators would be prosecuted at designated mobile courts. Ogie noted that the state COVID-19 compliance team had been mandated to ensure strict enforcement of the directives at the weekend, starting from Friday, February 19, 2021, with instructions to ensure full compliance with the protocols. “The Edo State Government hereby warns all event centres, eaterie...
Oyo governor imposes curfew on Sasa over killings
Following the over 48 hours of killing and destruction of property at Sasa market, in Akinyele Local Government Area of Oyo State, Governor Seyi Makinde has imposed a curfew on the area. Sunday Vanguard also learnt that the governor has shut the market indefinitely. A statement by the Chief Press Secretary to Governor Seyi Makinde, Mr Taiwo Adisa, on Saturday, indicated that the governor gave the order to forestall breakdown of law and order in the area. The curfew is to run from 6 p.m. to 7 a.m. The statement warned residents of the affected area to go about their legitimate businesses peacefully, stating that anyone caught perpetrating violence will face the wrath of the law. The statement read: “His Excellency, Governor Seyi Makinde has directed the immediate closure of Shasha market in...
Anger over arrests in Myanmar at anti-coup protests
Opponents of Myanmar’s military coup sustained mass protests for an eighth straight day on Saturday as continuing arrests of junta critics added to anger over the detention of elected leader Aung San Suu Kyi. Thousands assembled in the business hub, Yangon, while protesters took to the streets of the capital Naypyitaw, the second city Mandalay and other towns a day after the biggest protests so far in the Southeast Asian country. “Stop kidnapping at night,” was among the signs held up by protesters in Yangon in response to arrest raids in recent days. The United Nations human rights office said on Friday more than 350 people, including officials, activists and monks, have been arrested in Myanmar since the Feb. 1 coup, including some who face criminal charges on “dubious grounds”. Anger in...
Abia governor condemns sudden rise in violent crime
File Photo Governor Okezie Ikpeazu of Abia State has strongly condemned the sudden rise in violent crime around a bad spot before Akara Junction in Isuikwuato LGA of the State. The Governor in a statement released via his Twitter account on Saturday also lamented the recent spike in attacks on POS vendors in Aba. Ikpeazu, who condemned seriously the turn of events in the state, charged the law enforcement agencies to dominate all affected spaces around Isuikwuato axis and decisively combat the rising surge of crime there. He, however, expressed confidence that the law enforcement agencies will apprehend the culprits and ensure the concerned localities are rid of crime. “I acknowledge with sadness the sudden rise in violent crime around a bad spot before Akara Junction in Isuikwuato LGA of ...
Nigerian government distributes N20,000 each to 8,000 women in Lagos
Mrs Rhoda Iliya, the Deputy Director of Information, Minister of Humanitarian Affairs, Disaster Management and Social Development, said this in a statement on Friday in Abuja. Iliya explained that Hajiya Sadiya Umar-Farouq, Minister of Humanitarian Affairs, Disaster Management and Social Development, at the ceremony on Friday in Lagos reiterated the Federal Government’s commitment to alleviate poverty in the country. Farouq, who was represented by the Permanent Secretary in the Ministry, Alhaji Bashir Alkali, said that Federal Government’s target in Lagos was over 8000 beneficiaries across all the local government councils of the state. “The grant is expected to increase income and productive assets of target beneficiaries. “It is our hope that the beneficiaries of this programme will make...
WSJ: China’s Ant Group plans revamp amid regulator pressure
China’s Ant Group Co Ltd is planning to refashion itself as a financial holding company under the supervision of China’s central bank in the face of regulatory pressure, the Wall Street Journal reported on Wednesday. The fintech affiliate of Alibaba Group Holding Ltd has submitted an outline of a restructuring plan, which could be finalised before China goes into the week-long lunar new year holiday in mid-February, the Wall Street Journal said, citing sources. Chinese regulators had asked Ant to consider folding up most of its financial businesses into a holding company that would be subject to more stringent capital requirements, two sources told Reuters in December. The country’s central bank, People’s Bank of China, has said Ant controls a range of financial institutions, including sec...
