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Business

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ICT

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Capital Market

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Sovereign Trust Insurance Celebrates 2025 Customer Service Week

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Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

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Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

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Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

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Fish Farmers Appeal to FG for Special Movement Permit amidst Lockdown

 

To curb losses in the fish farming value chain, the Catfish and Allied Fish Farmers Association of Nigeria (CAFFAN) has appealed to the Federal Government to grant farmers special movement permit to move fish and its products from various fish farms to areas of need within Nigeria.

Mr. Rotimi Oloye, the CAFFAN National President stated recently that due to restriction of movement of persons to curtail the spread of Coronavirus in the country, its members now have difficulties accessing their farms across the nation.

He noted that the farmers mostly affected were those close to border towns as they are denied passage by security operatives on the roads.

He said: “This is adding to cost of production that is already on the high side due to cost of exchange of naira to dollars used in importing more than 70 per cent of our inputs like fish meal, hormones and other additives like lysine, methionine.  This situation can make farmers to abandon farming thereby leading to threats of food insecurity. As everyone is well aware, unless properly processed and preserved, fish has a very short shelf-life value.”

He added that the continuous restriction on the movement of fish farmers would eventually affect players in the fish value chain.

He said: “The inability of fish farmers to have access to their farms would have a multiplier effect across the fish value chain. Without access to our farms, we won’t be able to purchase fish fingerlings. We won’t also be able to purchase fish feeds, which will have an impact on their sales and the business. Those whom we sell fish to will also not be able to purchase this very important source of protein and nutrient. It could potentially lead to loss of employment while people who have shown interest in investing in the fish farming may lose interest.”

Furthermore, Oloye also advised the federal government to include processed homegrown catfish to the palliatives being shared to people, emphasizing that fish and fishery products were nutritional foods because they contained adequate nutrients necessary to boost human body cells and immune system.

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Financing Development under President Buhari: The Role of Pan African DFIs

By Roberts Orya, MD/CEO Nigerian Export-Import Bank (NEXIM) The Central Bank of Nigeria (CBN) has prognosticated a possible economic recession in 2016. This possible worst outcome of the present slump is something I am sure President Muhammadu Buhari would do everything to prevent. No president wants to be known in history as a 'Recession President.' However, this undesirable economic situation can sometimes become a reality, even inspite of the best efforts of a well-meaning leadership.

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