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CBN-financed farmers cultivated 3.64 million hectares – Emefiele

CBN-financed farmers cultivated 3.64 million hectares – Emefiele

The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the Anchor Borrowers’ Programme of the bank shows the need for all stakeholders to sustain current efforts by the bank to galvanise agricultural production to meet the requirements of Nigeria’s growing population. He said this in Zauro, Kebbi State on Tuesday during the inauguration of the 2020 wet season harvest aggregation and 2020 dry season input distribution under the CBN-Rice Farmers’ Association of Nigeria Anchor Borrowers’ Programme, as part of the fifth anniversary of the ABP. He noted that 2.92 million farmers cultivating 3.64 million hectares across 21 commodities...

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FG approves Warri airport reopening for daylight operations

FG approves Warri airport reopening for daylight operations

The Federal Government on Monday approved the reopening of the Osubi Airport in Warri for daylight operations. Minister of Aviation, Hadi Sirika, who announced the reopening of the airport via Twitter, said the facility would only operate under the conditions of Visual Flight Rules. In February last year, the Warri airport was closed due to some controversial issues that involved aviation service providers and the airport’s management. The issues bordered on alleged debt and mismanagement of funds, a development which was not mentioned by Sirika in his tweet. There had been calls by public officials urging the Federal Government to reopen the facility considering...

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NSE market capitalisation appreciates by N27bn

The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by N27bn. The News Agency of Nigeria reported that the market capitalisation rose by N27bn or 0.23 per cent to close at N11.55tn against N11.52tn on Tuesday. Similarly, the All-Share Index, which opened at 33,436.61, inched 78.32 points or 0.23 points to close at 33,514.93 due to price growth by some highly capitalised equities. Seplat led the gainers’ table during the day, appreciating by N9.98 to close at N485 per share. Guinness followed with a gain of N3.10 to close at N66.10 and Okomuoil Palm...

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Standard Chartered introduces COVID-19 support for entrepreneurs

Standard Chartered introduces COVID-19 support for entrepreneurs

Standard Chartered Bank has said it has launched new programme with Youth Business International, to support young entrepreneurs hit by the economic impact of COVID-19. In a statement on Tuesday, it said the project was part of ‘Futuremakers’ by Standard Chartered, a global initiative to tackle inequality. It stated, “YBI and Standard Chartered Foundation are working together to provide crucial support to over 33,000 underserved young entrepreneurs in six countries across Africa, Asia and Europe. “In Nigeria, the project will be implemented by FATE Foundation.” Speaking on the project, the Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Nigeria, Dayo Aderugbo, said,...

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Gas supply increase raised power generation by 3,358MW – NNPC

Gas supply increase raised power generation by 3,358MW – NNPC

The Nigerian National Petroleum Corporation in its latest monthly operations report said the increase in gas supply to 789 million standard cubic feet, which was delivered to gas-fired power plants, led to the generation of 3,358 megawatts of electricity. Also, power sector performance updates seen at the Federal Ministry of Power in Abuja on Monday showed that the industry lost N11.4bn between February 1 and 13, 2021. In its latest monthly report, the national oil firm stated that it supplied 640mmscfd of gas to gas-fired power plants in January last year to generate 2,683MW, but increased the supply of gas in November...

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