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Development Financial Institutions

Group promises massive investments in rice, cassava processing

An Agro – food company, Elephant Group Plc, credited with off taking all cassava planted and harvested in Edo State, has pledged to offtake the total production of rice and cassava in Ogun State and also engage about 40,000 farmers within the next three years on the outgrower basis.
Ogun state governor Prince Dapo Abiodun has tweeted his real official portrait, as against the image that is being circulated by street traders in Abeokuta, the capital.

We’ll keep facilitating partnership for joint ventures – Ogun governor

Ogun State Governor Dapo Abiodun has affirmed his administration’s resolve to facilitate partnerships and ensure that whatever needed to be put in place to make such joint venture viable is done.

Import ban on 41 items attracted $10 billion investment – CBN chief Godwin Emefiele

The Governor of Central Bank of Nigeria, Godwin Emefiele has said that Nigeria has attracted investment worth $10 billion following the import prohibition policy imposed on 41 items.

BOI seeks foreign collaborations to boost lending

The Bank of Industry (BOI) has concluded plans with over 100 Development Financial Institutions (DFIs), Association of Africa Development Finance Institution (AADFIs) in Africa and Europe, with the aim of reviewing prudential guidelines for DFIs and boost lending.

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Labour insists on reversal of fuel price, electricity tariff hike

The organised labour Thursday insisted that the Federal Government should revert back to the old prices of petrol and electricity tariff, if not the strike will stand.
Governor Douye Diri has expressed worry over the development, following the lifting of the ban on interstate travel.

Bayelsa election: Governor Diri, INEC ask appeal court to reverse tribunal’s judgment

Governor Duoye Diri of Bayelsa State on Thursday in Abuja asked the Court of Appeal to reverse the decision of the Bayelsa Governorship Election Petition Tribunal which nullified the November 16, 2019 governorship poll in the state.
Sequel to the collapse of a school building in Ejigbo in the early hours of Saturday, the Governor of Lagos State, Mr. Babajide Olusola Sanwo-Olu has directed the Ministry of Physical Planning and Urban Development to carry out integrity tests on both public and private schools with buildings of 3 floors and above.

Lagos seeks monthly payment of house rent for residents

The Lagos State Government has called on stakeholders in real estate sector to work out modalities for residents to pay house rents on monthly basis instead of yearly.
The Economic and Financial Crimes Commission (EFCC) on Thursday in an FCT High Court in Maitama, re-arraigned a deputy director with the National Emergency Management Agency (NEMA), Emenike Umesi, for alleged misappropriation of N54.3 million.

EFCC recovers N4.16 billion debt owed Nigerian government by lottery companies

The Economic and Financial Crimes Commission has recovered at least N4.16 billion out of the debt owed the federal government by lottery companies.
Mason Mount and Declan Rice played five-a-side in London on Sunday. Joe Toth-BPI-Shutterstock

Chelsea agree personal terms with Declan Rice

Chelsea are interested in signing the West Ham midfielder Declan Rice this summer.