The proposed reform of the CBN’s cash withdrawal limit policy for businesses and individuals has the support of financial professionals. In separate interviews with newsmen on Wednesday in Lagos, they expressed this. While the experts were speaking, Mr. Godwin Emefiele, Governor of the Central Bank of Nigeria, indicated that the government would not be stringent Read More…
According to the presidency, between 1999 and 2021, nine oil-producing states will have earned a total of N625.43 billion in 13 percent oil derivation, subsidies, and SURE-P refunds from the Federation Account. The impacted states that received the reimbursements spanning from 1999 to 2021 were Abia, Akwa-Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo, and Read More…
The International Monetary Fund has cut its estimate for Nigeria’s real GDP growth in 2022 from 3.4% to 3%, citing low oil production and the bad effects of recent flooding. Nigeria is trying to stop oil theft and violence in its oil-producing areas, which has cut oil production and the government’s income. Additionally, the nation Read More…
Nigeria’s economic existence will be ensured, according to the Nigerian Export Promotion Council (NEPC). This was said by Dr. Ezra Yakusak, Executive Director/CEO of NEPC, during a news conference announcing the NEPC Export Week, which will take place from November 21 to November 26. Yakusak emphasised that Nigerians must support non-oil exports since they are Read More…
A pan-African corporation, Dangote Industries Ltd. has committed to deepening commercial, industrial, and economic activities to support Nigeria’s economy. On Tuesday in Lagos, Mr. Anthony Chiejina, the Group Chief Branding and Communication Officer of Dangote Industries Ltd., said this. According to Chiejina, the company’s sponsorship of the 2022 Lagos International Trade Fair (LITF), which will Read More…
With the aim of encouraging international partnerships, the Nigerian Institute of Leather Science and Technology (NILEST), Zaria, has expanded its lobbying campaign on the national leather policy to the Portuguese leather industry. On Monday in Abuja, Director-General of the Institute, Prof. Mohammad Yakubu, stated to the news media that the advocacy trip was made to Read More…
First Bank of Nigeria (PLC), according to Mrs. Oluwatoyin Aina, Head of Energy, Downstream, and International Oil Trading, has supported a number of energy-related projects and will continue to do so. On Wednesday, Aina made this statement during the Oil Trading and Logistics (OTL), Africa Downstream Week that was taking place in Lagos. She said Read More…
According to Vice President Yemi Osinbajo, the agricultural value chain rather than the extractive industry is where Nigeria finds its wealth. This opinion was expressed by Osinbajo on Friday in Abuja during the inauguration of the Olam Agri initiative Seeds for Future Foundation and Education Grant. Leading agricultural company Olam Agri concentrates on fast-growing consumer Read More…
Some financial experts have told the federal government that increasing the country’s oil production to the OPEC quota is the only way to keep the budget stable and reduce the projected budget deficit. On Wednesday in Lagos, they made the appeal in separate interviews with the News Agency of Nigeria (NAN). Prof. Sherifdean Tella, Head, Read More…
Lagos State Governor, Babajide Sanwo-Olu, said on Wednesday that Lagos will start a 30-year plan to improve the city between 2022 and 2052. The concept was presented by Sanwo-Olu at the Victoria Island closing ceremony of the 9th edition of the Ehingbeti Lagos Economic Summit. The Lagos State Wealth Fund (LSWF) bill as well as Read More…
