The World Bank says Nigeria is a startling example of reduced corruption in Africa. The World Bank said in a statement made available in Abuja that the biggest gain by far was registered by Nigeria, whose score had risen by 93 per cent, albeit from a very low base.
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The Delta State micro credit scheme has received a boost of N200 million from Oceanic Bank International Plc. The bank injected the fund to finance micro and medium enterprises in the state. The state government is providing N50 million as collateral for the facility.
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The chief executive of Oceanic Bank International plc, Cecilia Ibru has lauded Federal Government’s intervention in the stock market crisis, saying such move will boost investors’ confidence in the capital market.
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The prices of some foodstuffs in some major towns in Delta State have remained stable in the past two weeks. This was revealed by the result of a market survey conducted by the state Ministry of Economic Planning and made available to newsmen in Asaba.
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Royal Dutch Shell plc is losing 40,000 barrels per day of Nigerian oil output after militants blew up parts of a key pipeline this week, its chief executive said on Thursday.
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Greenview Development of Nigeria Limited (GDNL) is investing the sum of N13.2 billion on sugar and flour factory expansion at Apapa Port in the next few years.
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Managing Director of Oceanic Bank plc, Cecilia Ibru and some shareholders have announced that the bank has capacity to meet its immediate and future projections.
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MR. Remi Babalola, minister of state for finance, has said Nigeria loses N25 billion yearly, following non-enforcement of insurance policies like cover for buildings, fire and public liability.
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RECENTLY, the Federal Government, in reaction to the global syndrome of rice price rise, announced its okay of the importation of N80 billion worth of the item from Thailand. The government’s plan, announced after a meeting of the Federal Executive Council (FEC) at which the issue was discussed, is to vitiate the effects of the rising prices on the family expenditure on food, given that rice is a staple eaten largely by most Nigerians. In net, the imports would total about 500,000 metric tons.
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