The World Bank has cautioned that the Central Bank of Nigeria’s (CBN) development finance interventions are exacerbating inflationary pressures in the short term and undermining the bank’s ability to effectively control inflation. In its latest Nigeria Development Update report, the World Bank noted that the CBN’s continued provision of subsidized […]
Business
The Central Bank of Nigeria (CBN) has finally ordered the use to of old N200, N500 and N1000 banknotes as legal tender in the country, saying they remain legal tender until December 31, 2023. CBN’s acting director of Communication, Isa Abdulmumin, disclosed the development in a statement on Monday night. […]
The Edo State Government has entered a new partnership with a development partner, the United Kingdom Nigeria Infrastructure Advisory Facility (UKNIAF), to build a Public Private Partnership (PPP) framework that fosters transparency in PPP project transactions in the State. The Secretary to the State Government, Osarodion Ogie Esq. signed on […]
The Edo State Governor, Mr Godwin Obaseki has issued a circular on cashless economy prohibiting government offices carrying out cash transactions from March 1st, 2023. Obaseki made this known on Thursday, February 9, 2023, during a workshop for senior civil and public servants on the State Government’s Code of Ethics […]
The Edo State Ease of Doing Business Council has endorsed the State Business Enabling Reforms Action Plan (BERAP) 2023, paving the way for a more conducive business environment in the state. BERAP aims to enhance access to information, entrench transparency, strengthen regulatory frameworks, and upgrade infrastructure and security for local […]
The Managing Director of the Edo State Skills Development Agency, Mrs. Violet Obiokoro, has highlighted the positive impact of loans disbursed by the Edo State government and the Bank of Industry in promoting the growth of businesses operated by individuals living with disabilities in the state. Obiokoro revealed that the […]
In a heartwarming gesture, the Chinese Business Community in Edo State has generously donated food items worth N70 million to assist vulnerable individuals during the festive season. The donation, presented to the Secretary to the State Government, Osarodion Ogie (ESQ) on December 21, 2022, forms part of the Edo State […]
The Edo State Governor, Mr. Godwin Obaseki, on Tuesday, December 13, 2022, received the South African Ambassador to Nigeria, Dr. Bobby J. Moroe, and the Embassy’s Vice Consul, Political, Ms. Busisiwe Dlamini, at Government House, Benin City, to consolidate discussions on intra-continental cooperation and investment opportunities in Edo State. Welcoming […]
Fashion is not just a means of clothing your body, it is the essence of personality and beliefs. Designers are well aware of the power they hold. Designers and designs for the season are much more appreciated at this time of the year; yes, it is the season of Christmas. […]
The Ministry of Digital Economy, Science, and Technology has taken a significant step towards accelerated development in Edo State by organizing a stakeholders’ meeting to shape a digital and technology policy. The meeting, held in Benin City, gathered Ministries, Departments, and Agencies (MDAs), Civil Society Organizations, corporate organizations, and technology […]