Nigeria: FG gives conditions for new port development for sustainable blue economy

WorldStage Newsonline– As the Nigerian Port Authority (NPA) embarks on the process of developing a port development master plan that would set out policy on port infrastructure development to match the current and future economic expectations/national goals and objectives, the Federal Government has revealed its position to discourage unsolicited port development proposals that are not based on viable projects and future developments contained in the infrastructure development plan of government under the National Transport Policy and programmes of the agencies.

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CBN’s MPC further raises reference interest rate by 100bps to 16.5%

WorldStage Newsonline– The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) rose from its two-day meeting today unanimously voted to increase the Monetary Policy Rate (MPR) further by 100bps to 16.5% – the fourth consecutive rate hike and the highest rate since November 2002 (18.5%).

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Lagos govt urges World Bank to extend APPEALS project as 8,000 farmers benefited in five years

Following the positive impact of the Agro-processing, Productivity Enhancement and Livelihood Improvement Support (APPEALS) Project on farmers’ productivity in the State, Lagos State Government has appealed to the World Bank for an extension of the project.

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Global economy needs Nigeria – Kitack Lim

The Secretary General of the International Maritime Organization, His Excellency Kitack Lim has declared Nigeria as a very important country not only to Africa, but to the global economy. He stated this on arrival in the country at the meet and greet reception hosted in his honor by stakeholders in the Nigerian maritime industry.

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We’ll support you to succeed, expand our economy, Makinde tells Odu’a Ltd

Oyo State Governor, ‘Seyi Makinde, has expressed his administration’s readiness to support the Odu’a Investment Company Limited, a business conglomerate owned by the South-West states, to succeed in its mandate and its plan to expand the business and in effect the economy of the state.

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Osinbajo foresees more investments from Diaspora, cites progress in ease of doing business reforms

The Buhari administration will continue to push its business reform agenda for which the Presidential Enabling Business Environment Council (PEBEC) was established, so as to create an enabling environment for more investments in the country, including from Nigerians abroad according to Vice President Yemi Osinbajo, SAN.

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