Economy

SMEDAN Empowers Ogun Artisans

Web News 28 November 2022 144 0

Ninety makeup, fashion designers and laundry entrepreneurs in Ogun State have been empowered by the Small and Medium Enterprises Development Agency of Nigeria, SMEDAN. The Director General of SMEDAN, Mr Olawale Fasanya while speaking at the closing ceremony of the five-day National Continue Reading

Economy

Ibadan Residents Bemoan Hike in PMS Pump Price

Web News 28 November 2022 213 0

Residents of Ibadan have frowned at the irregular price of premium motor spirit, PMS, known as petrol by most filling stations in the metropolis.  Our correspondent who visited some filling stations in the Ibadan metropolis reports that the majority of filling stations lock their gates to customers while few filling stations belonging to independent marketers are selling Continue Reading

Economy

FG Empowers Over 200 Nigerians

Web News 25 November 2022 136 0

The Federal Government Through The Small And Medium Enterprises Development Agency, SMEDAN Has Presented Empowerment Materials To Over Two Hundred Beneficiaries Of The National Business Skills Development Initiative And National Vocational And Entrepreneurship Scheme In Osun State. The Materials Were Handed Over To The beneficiaries And Cooperative Groups In Osogbo, The Continue Reading

Economy

CBN Receives Old Notes worth N165b

Web News 23 November 2022 154 0

The Central Bank of Nigeria (CBN) has received a total of 165 billion worth of Naira notes so far, following its call on Nigerians to deposit all old notes in circulation. CBN’s Director of Currency, Rasheed Adams made the confirmation on Wednesday at a post-briefing of the Monetary Policy Committee (MPC) meeting in Abuja. The […]Continue Reading

Economy

PMB Unveils New Naira Notes

Web News 23 November 2022 177 0

President Muhammadu Buhari has launched the new Naira notes redesigned by the Central Bank of Nigeria and printed locally by the Nigeria Security Printing and Minting Company. The newly-designed currencies are in the denominations of ₦1000, ₦500 and ₦200 notes. At the ceremony, President Buhari said the redesigned notes would checkmate the compromise that had […]Continue Reading

Economy

Empowerment: 3500 Ogun Youths Get Kits and Startup Funds

Web News 23 November 2022 269 0

Three thousand five hundred youths from five Local government areas of Ogun West Senatorial district of Ogun State have been empowered with startup kits and startup funds of about one hundred and thirty million naira. The empowerment programme in eleven vocations held at Ilaro, Ogun State was facilitated by the Senate Finance Committee Chairman, Senator […]Continue Reading

Economy

My administration would always support Odu’a Limited – Makinde

Web News 19 November 2022 180 0

Oyo State governor, Engineer Seyi Makinde says until Nigeria is able to diversify its economy by moving away from petroleum to agro-exports and agro-processing, which would increase foreign exchange coming into the system, it would continue to grope in economic hardship. Governor Makinde stated this when he received the management team of Odu’a Investment Company Continue Reading

Economy

CBN Gives Jan. 31, 2023 as Deadline for Old Naira Notes

Web News 18 November 2022 1385 0

The Central Bank of Nigeria, CBN, says the new and existing currencies shall remain legal tender and circulate together until January 31, 2023, when the existing currencies shall cease to be legal tender in Nigeria. The Nigeria Apex Bank announced this during a sensitisation, enlightenment and Bank Fair exercise held in Osogbo. In a keynote […]Continue Reading

Economy Technology

Innovation will drive economy – NACETEM

Web News 18 November 2022 202 0

Participants at a Science, Technology and Innovation Management Forum have identified innovation as the major key to the long-term growth of the economy. They stated this at a 2-day Science, Technology and Innovation Management Forum organised by the National Center for Technology Management, NACETEM, Obafemi Awolowo University, OAU, Ile-Ife, Osun State. The forum with the Continue Reading

Economy

Makinde Inaugurates Gas Infrastructure Development Project

Web News 18 November 2022 239 0

Oyo State Governor, Engineer Seyi Makinde has flagged off the construction of the Oyo State Government (OYSG)-Shell Nigeria Gas Ltd (SNG) project to create a new gas distribution infrastructure network in the state. The governor while performing the groundbreaking ceremony of the Gas Infrastructure Development and Distribution Project, held at the Kilometre 10, Continue Reading

Economy

Makinde Meets British Officials, Discuss Collaboration

Web News 18 November 2022 126 0

Oyo State Governor, Engineer Seyi Makinde says his administration will continue to collaborate with development partners and the private sector to promote economic growth. The governor, who stated this while receiving the British Deputy High Commissioner, Ben Llewellyn -Jones, who paid him a courtesy visit at the Governor’s Office, Agodi, Ibadan said his government alone Continue Reading

Economy

Naira redesigning has no political motive – EFCC Boss

Web News 17 November 2022 241 Post a comment

The Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, has said the decision to redesign the naira is aimed at returning hidden public funds. Bawa stated this in an interview with Deutsche Welle DW Hausa Service, adding that the government wanted people who hid the funds to deposit them in bank accounts. The […]Continue Reading

Economy

We’ve reviewed our methods to aid policy implementation – NBS Boss

Web News 7 November 2022 381 0

The National Bureau of Statistics, NBS, says it has reviewed its data collection modules to reflect the current situation in Nigeria to enable the government to implement policies to tackle them. Statistician-General of the Federation, Mr Adeyemi Adeniran stated this at the opening of a two-week training of enumerators for the Nigeria Living Standard Survey […]Continue Reading

Economy

Gov Makinde Presents N310bn Budget for 2023

Web News 3 November 2022 183 0

Oyo state Governor, Engineer Seyi Makinde has presented a budget proposal of Three Hundred and Ten Billion Naira (310,000,000,000) as the appropriation bill for the 2023 fiscal year before the state house of assembly Our correspondent reports that Infrastructure took the largest percentage of the budget, followed by education and health. The appropriation bill tagged: […]Continue Reading

Economy

Oyebanji Presents N113bn 2023 Budget to Ekiti Assembly

Web News 3 November 2022 216 0

In Ekiti State, over One hundred and thirteen billion naira has been budgeted for the 2023 fiscal year. The appropriation bill christened  “Budget of strong beginning” has projection of thirty-four billion naira as capital expenditure, while recurrent expenditure is pegged at about eighty billion.  Presenting the 2023 budget before the members of Ekiti State Continue Reading

Economy

95 per cent of people’s demands in 2023 budget – Gov. Abiodun

Web News 3 November 2022 165 0

Ogun State Governor, Prince Dapo Abiodun has said that 95 per cent of demands made at the citizen’s town hall meetings have been incorporated into the budget proposal for the year 2023. Governor Abiodun who made this known at the Treasury Board meeting held at the Obas’ Complex, Oke-Mosan, Abeokuta,  said that the town hall […]Continue Reading

Economy

Redesigning of Naira Notes, Good or Bad?

Web News 2 November 2022 432 0

By January 31, 2023,  the existing naira notes would cease to be legal tender following the plan by the Central Bank Of  Nigeria to redesign  N200, N500 and N1000 notes by December 15, 2022. Upon the announcement, the development has been attracting widespread speculations among Nigerians. To shed more light and clear grey areas on […]Continue Reading

Economy

Boost IGR to attain budget performance – OSHA Speaker

Web News 2 November 2022 191 0

The Speaker, Osun State House of Assembly, OSHA, Mr Timothy Owoeye wants all ministries, departments and agencies of government to raise the bar of Internally Generated Revenue, IGR, to attain efficient budget performance for the year 2023. Mr Owoeye gave the advice during the commencement of the 2023 budget defence exercise at the Osun State House […]Continue Reading

Economy

New Naira Notes; Advantages and Disadvantages

Web News 1 November 2022 4094 0

The Central Bank of Nigeria, on October 26, announced its decision to redesign new N200, N500 and N1000 notes by December 15, 2022. According to the apex bank, the existing notes would cease to be a legal tender by January 31, 2023.  What does this development portend for the nation’s economy and the lives of […]Continue Reading

Economy

Alake Wants Budgetary Allocation for Health, Education Upped

Web News 28 October 2022 192 0

The Alake and Paramount Ruler of Egbaland, Oba Adedotun Gbadebo has advocated an increase in the Ogun State budgetary allocations to the health and education sectors. Oba Gbadebo made the call in Abeokuta at the Egba Divisional Town Hall Meeting on the 2023 – 2025 Medium Term Expenditure Framework and the 2023 Budget.  The traditional […]Continue Reading

Economy

Reactions Trail CBN Decision on Naira Notes

Web News 27 October 2022 179 0

Reactions have continued to trail the Central Bank of Nigeria, CBN decision to redesign some naira notes, remove the old ones and also to control the currency in circulation. Speaking on the development, some residents of Ibadan in an interview with Radio Nigeria attributed their not depositing money in the bank to challenges of financial transactions and trading in Continue Reading

Economy

Osun 2023 Budget Scales Second Reading

Web News 25 October 2022 178 0

Osun State Appropriation Bill 2023 of #136 billion submitted to the State House of Assembly on the 29th of September by the executive arm of government scaled through the second reading on the floor of the Assembly. The Speaker of the House, Mr Timothy Owoeye stated that the budget estimate for 2023 had gone through […]Continue Reading

Economy

Osun Govt Flags Off Food Support Scheme

Web News 25 October 2022 158 0

The Osun State government has flagged off the 19th edition of its monthly Food Support Scheme, with the distribution of food items to another set of 30,000 people who belong to the vulnerable segment of the population in the State. The State Governor, Mr Adegboyega Oyetola attributed the consistency and sustainability of the initiative, in […]Continue Reading

Economy

RN Gold FM Holds Customers Forum

Web News 19 October 2022 326 0

For any business to flourish, a businessman must set long, medium and short term goals and objectives for appreciable margins and sustainable operations. Deputy Director Marketing, Federal Radio Corporation of Nigeria, Ibadan Zonal Station, Mr. Adewale Afinjuomo stated this while speaking at a customers forum organised by the station in Ilesa, Osun State. In a […]Continue Reading

Economy

BREAKING: Buhari Signs Nigeria Startups Bill into law

Web News 19 October 2022 162 0

President Muhammadu Buhari has signed Nigeria’s Startups Bills into law, activating the Nigeria Startups Act 2022. Minister of Communication and Digital Economy, Professor Isa Ali Pantami, who disclosed this to State House Correspondents after the quiet signing ceremony at the Presidential Villa, Abuja, also disclosed that the new Act will be establishing the National Continue Reading