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Business News

Osun to Provide Incentives to Boost Investment in the State  

The Osun state government has disclosed it will provide incentives for interested investors who are ready to do business in the state. 

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Ekiti, Osun, Delta, Imo, 9 others raise over N500 billion bonds in 10 years , #EndSARS protest: Osun State Government Suspends Curfew

The Osun state government has disclosed it will provide incentives for interested investors who are ready to do business in the state.

According to the Governor of the state, Mr Adegboyega Oyetola at the economic summit organized by the state, the purpose of the summit is to expose Osun to the entire community of investors and enlighten them about the various investment opportunities available in Osun State.

Mr Oyetola disclosed, that there are investment opportunities in the area of agriculture, mineral resources, environmental sector, culture and tourism and ICT available in the state.

[READ MORE: Ease of doing Business: States must partner with Federal Government – Osinbajo]

Osun is the place to be. In the past, our state was the leading producer of cocoa, which used to be the major revenue earner for the Western Region and even Nigeria at that time. We are still the third-largest producer of cocoa in the country today.”

“We are blessed with abundant mineral resources; we have a lot of them in Osun. What we are trying to do now is to regulate it and ensure that we provide the enabling environment required for investors to come around and invest their money.”

“There are other opportunities in the environmental sector. There are opportunities ready for investors in information communication technology since we have about the largest number of tertiary institutions in Nigeria.”

The governor while explaining the readiness of Osun, stated the following; we have a large expanse of land for agriculture with good vegetation very conducive for agriculture, again, we have a very secure environment and we have placed a lot of premium on security, we have not less than 18 hours of electricity supply every day, and we have the political will to guarantee investment.

 [READ ALSO: Okowa targets N100 million annual revenue via Asaba Airport concession]

According to the Osun state government, there are a lot of incentives for interested investors, the state believes so much in the rule of law, once an agreement is made, it is binding on the government. The governor also expressed that investors don’t have to worry about multiple taxation issues.

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“In agriculture, we have a land bank where we have made land available for investors and saved them the trouble of going into the communities. The government is providing land to investors.”

Lastly, the state government disclosed that it has done much in the area of infrastructure and investors when they come to Osun, will notice a lot of improvement in the area.

“The quality of infrastructure in our state makes us very accessible.”

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Appointments

Standard Bank Group appoints Yinka Sanni as new Chief Executive of Africa Regions

Yinka Sanni has been appointed as Standard Bank Group’s Chief Executive of Africa Regions.

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Stanbic IBTC declares N10.4 billion interim dividend

The Standard Bank Group has announced the appointment of Yinka Sanni as the new Chief Executive of Africa Regions.

This announcement was made by the Group in a post shared via its official LinkedIn account. The bank revealed that Sanni will be replacing Sola David-Borha who is retiring after 31 years of distinguished service to the group.

His appointment will play an integral role in driving the growth of the Standard Bank Group in Africa further in the years ahead.

He is expected to build on the work of David-Borha, a renowned professional who played a key role in growing the Group’s Africa Regions portfolio in terms of capacity, market share and contribution to the group’s headline earnings.

What you should know

  • Yinka Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
  • He has served in key positions within the Stanbic Group, as the Chief Executive of Stanbic IBTC Holdings PLC, Chief Executive of Stanbic IBTC Bank PLC, Deputy Chief Executive of the Bank and Executive Director, Corporate & Investment Banking of the Bank.
  • He was also the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive, Stanbic IBTC Asset Management Limited.

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Corporate Press Releases

P2P crypto marketplace, Bitzlato (BZ) partners with Lemonade Finance to ease money transfers across Africa

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

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Bitzlato (BZ), the latest P2P Crypto Exchange to enter the African market, has added Lemonade.Finance, a borderless payment platform for Africa, as a payment method to its platform.

Lemonade Finance provides 100% digital payment experience for Africans to seamlessly participate in the global economy from anywhere in the world without any hassle or regardless of where they are from.

The partnership will enable users on the BZ platform to buy and sell bitcoins and other cryptocurrencies on the marketplace at zero cost.

Users in Nigeria will now be able to send Nigerian Naira (NGN) to MPESA at 0% transaction fee.

Speaking about this partnership, Ridwan Olarere, CEO, Lemonade Finance, said:

“We are excited to partner with such an innovative company like Bitzlato to connect more Africans through payment. Many Africans living on the continent face many difficulties when making payments as remittance companies charge high fees and are time-consuming. We are now providing our users with a cost-effective way of sending money to Ghana, Kenya, Uk and Europe.”

Commenting on the opportunities this provides to crypto traders on the BZ platform, Mike Lunov, CEO, BZ, said:

“This partnership will provide a much-needed gateway that enables the markets we serve to seamlessly interact with each other in a borderless and open environment. We seek to break the barriers that presently exist for cross border transfers and enable our users to generate value through the opportunities that accrue from cryptocurrencies trading. The innovation exhibited by the Lemonade platform, and the brilliance of its team assures users of top-notch, secure and reliable transfers going forward.”

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According to BZ, during the first month, BZ will refund commissions in manual mode while using Lemonade Finance, but this will be automated at the end of this period.

Following this partnership, BZ is now looking to partner with merchants in the crypto space especially in Nigeria, Ghana, South Africa that have a steady flow of Nigerian Naira (NGN) to increase liquidity on the platform.

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Take advantage of the new Lemonade Finance payment method on BZ, which offers zero transactional fees for money transfers from Nigeria into Kenya. Sign up on BZ and start trading crypto easily today.

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