The Central Bank of Nigeria (CBN) says it has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs) during the Yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero […]
Business
Edo State’s First Lady, Mrs. Betsy Obaseki, has launched an innovative initiative to provide affordable electricity meters to 500,000 households across the state’s local government areas. This initiative aims to eradicate estimated billings, promote energy efficiency, and empower Small and Medium Scale Enterprises (SMEs). During the flag-off ceremony held in […]
Edo State Governor, Mr. Godwin Obaseki, has signed a revised supplementary budget of ₦450 billion into law, paving the way for a significant boost to small businesses and capital expenditure in the state. During the signing ceremony at the EXCO Chamber in Government House, Benin City, Obaseki expressed his gratitude […]
The Edo State Government, through the Edo State Oil Palm Programme (ESOPP), invites applicants for its innovative manpower development scheme. Geared toward nurturing a skilled workforce in the expansive oil plantation sector, this collaboration involves ESOPP, oil palm producers, and the Edo State College of Agriculture and Natural Sciences. The […]
The Edo State Government has forged a strategic alliance with LAPO Microfinance Bank to bolster small enterprises across its 18 local government areas. The pact, inked by Secretary Osarodion Ogie Esq. at the Government House in Benin City, heralds a new era of economic empowerment. Ogie, envisioning the pact’s transformative […]
Edo State’s economy is on the rise as the Internally Generated Revenue (IGR) has experienced an impressive growth of over 40% in 2023, contributing an additional N17bn to the state’s coffers. The Chairman of the Edo Taskforce on Internally Generated Revenue, Hon. John Osagie Inegbedion, announced this significant achievement during […]
At the Alaghodaro Summit, held in the vibrant capital of Benin City, a representative of the Edo Fertilizer and Chemical Company situated in Auchi, Alh. Sadiq Kazzim, applauded Governor Godwin Obaseki for resurrecting the company in 2017 through a Public Private Partnership (PPP) with WACOT Limited. Kazzim said, “Today, we […]
In a show of support for the exemplary leadership and investment-friendly reforms in Edo State, civil society organizations in the state have enthusiastically endorsed the upcoming 2023 Alaghodaro Summit. The summit is scheduled to take place in Benin City from November 8 to 12, 2023. These organizations have pledged their […]
The Edo State Government, through its Community and Social Development Agency (Edo-CSDA), has given approval for the commencement of micro projects in 20 communities across 13 local government areas (LGAs) within the state. The official launch of these projects took place with the presentation of first tranche cheques to the […]
The Nigeria Postal Service (NIPOST) took decisive action over the weekend, sealing off multiple unregistered courier and logistic firms operating in Edo State. In addition, the agency impounded eight delivery motorcycles during the clamp down. Shonde Gideon, the NIPOST General Manager of the Courier, Logistic, and Regulatory Department, emphasized that […]