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By Cynthia Alo Chief Executive Officer (CEO) of Sterling Bank Plc, Mr Abubakar Suleiman, has identified lack of trust as the main problem affecting the growth and development of the Nigerian commodity market. He disclosed this while delivering a welcome address on a webinar organised recently as part of measures to promote SABEX, a digital commodity exchange empowered by blockchain technology. The webinar held with the theme: AgroCommodities as a Viable Asset Class. SABEX, which was designed to facilitate the exchange of agro commodities, operates through an ecosystem of buyers, financiers, w...

SABEX, which was designed to facilitate the exchange of agro commodities, operates through an ecosystem of buyers, financiers, warehouse operators and other players in the agro commodity trading business across Nigeria. On SABEX, traders – typically farmers – can pledge their warehoused agricultural goods as collateral to access instant loans to facilitate their business growth. Suleiman said the webinar had the objective of developing trust in the commodity market because there is currently no trust among players in the sub-sector, starting from farmers to micro players and exporters acr...

Photo: ECLAC. The Executive Secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, called today for overcoming the structural constraints of inequality that impair women’s economic, physical and political autonomy, and for building care societies to attain a more egalitarian, sustainable and resilient future, during a virtual keynote lecture organized by the National Autonomous University of Mexico (UNAM). “The post-pandemic recovery must overcome the four structural constraints of gender inequality: socioeconomic inequality and poverty; the sex...

Reforms package ready to streamline Irrigation Dept in KP Peshawar April 28, 2021 PESHAWAR: The Irrigation Department, Government of Khyber Pakhtunkhwa, has prepared a comprehensive reforms package to streamline its overall business along modern lines with a special focus on water resource management, revenue generation, protection of water resources, and their efficient utilisation. This was told at a meeting on the reforms of the Irrigation Department held here with Chief Minister Mahmood Khan in the chair on Tuesday, said an official handout. The meeting was given a detailed briefing abo...

Archyde April 10, 2021 by archyde To optimize the value of its assets with a leasehold related to the crude oil pipeline network Saudi Aramco has entered into a deal with a consortium led by EIG Global Energy Partners (EAG), one of the most prominent global investors in infrastructure in the energy sector, to optimize the value of its assets through a lease and re-leaseback agreement related to Saudi Aramco’s pipeline network for concentrated crude oil. . In detail, upon completion of the deal, Saudi Aramco will receive proceeds estimated at about $ 12.4 billion, in order to enhance its fin...