The Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA) has called upon the Federal Government to extend relief measures to all productive industries in order to mitigate the impacts of the removal of the fuel subsidy. At the 3rd Quarterly Council meeting of the association in Abuja, NACCIMA’s National President, Otunba Dele Read More…
Business
Lagos APPEALS Project advocates agricultural synergy among financial stakeholders
The Lagos State Coordinating Office for Agro-Processing, Productivity Enhancement and Livelihood Support (APPEALS) has appealed for a unified approach among financial institutions, insurance companies, farmers, and off-takers within the state. Addressing a joint gathering of financial institutions, insurance companies, off-takers, stakeholders, and beneficiaries at the Lagos APPEALS Project’s Oko-Oba, Agege office, Mrs. Oluranti Sagoe-Oviebo, the Read More…
Tinubu aims to mend Emirates Airlines, UAE dispute and visa woes
Nigeria’s President, Bola Tinubu, has directed the prompt resolution of disagreements with Emirates Airline and the issuance of visas by the United Arab Emirates, according to a statement by the president’s spokesperson on Thursday. Last year, the UAE ceased issuing visas to Nigerians following the suspension of flights by Dubai’s Emirates due to challenges in Read More…
Emefiele procurement fraud case delays hearing
The proceedings for the case of procurement fraud against Nigeria’s suspended and detained central bank governor, Godwin Emefiele, encountered a setback on Wednesday, with no new hearing date being set. Emefiele was scheduled to present his plea on Wednesday, but he did not appear in court, and his case was notably absent from the court’s Read More…
Nigeria earns $2.5 billion from non-oil exports in H1 2023; aims to surpass 2022 figures
The Nigerian Export Promotion Council (NEPC) has revealed that the country has generated $2.5 billion from non-oil exports between January and June of this year. Speaking during a one-day workshop for emerging exporters in Owerri, Dr. Ezra Yakusak, the Executive Director of NEPC, highlighted the significant revenue achievement. He indicated that based on this milestone, Read More…
18 innovators seek $49.6 million investment at Africa Social Impact Summit
African inventors and entrepreneurs have set their sights on securing a $49.6 million investment from stakeholders during the recently concluded Africa Social Impact Summit (ASSIS). The event, which took place in Lagos, featured a deal room where 18 businesses, chosen from a pool of over 500 applicants across Africa, presented their proposals. These finalists, representing Read More…
Registrar warns FG naira re-denomination will jeopardise economic stability
The Registrar of the Chartered Institute of Treasury Management (CITM), Mr. Olumide Adedoyin, has issued a warning to the Federal Government regarding the purported intention to re-denominate the naira, cautioning that it could jeopardise economic stability. Adedoyin conveyed this concern in a statement released in Abuja on Tuesday, addressing the alleged plan for naira re-denomination. Read More…
Social media firm X, formerly Twitter, to remove blocking feature, announces Elon Musk
In a recent controversial decision, Elon Musk, the owner of social media company X, formerly known as Twitter, revealed plans to eliminate a protective functionality that enables users to block other accounts. This move has sparked debates within the company that Musk acquired last year. The block feature on X allows users to restrict specific Read More…
CIBN praises President Tinubu’s exchange rate unification move
The Chartered Institute of Bankers of Nigeria (CIBN) has lauded President Bola Tinubu’s efforts to unify the Naira exchange rate, a crucial step to safeguard the nation from impending financial turmoil. Speaking at the 2023 Lagos Bankers Night themed “Exchange Rate Unification: Glocal Implications, Organisations, and the Country,” Dr. Ken Opara, President and Chairman of Read More…
NLNG: Operations Continue Despite Force Majeure
Nigeria LNG Ltd. (NLNG) has affirmed that its operations at the Bonny Island plant remain underway, notwithstanding the ongoing Force Majeure status. This action is in response to major liquids evacuation pipelines being unavailable due to acts of sabotage and vandalism. The company assured that these challenges have not halted its overall functioning. In a Read More…