The Nigeria Export Processing Zones Authority (NEPZA), says it is focused on scaling up the authority’s compliance level in ethics and governance in line with Federal Government specifications on ease of business. Prof. Adesoji Adesugba, NEPZA Managing Director made the remark on Wednesday in Abuja while inaugurating a 14-man Freedom of Information (FOI) Act Committee. Read More…
Business
CBN unveils non-interest guidelines for AGSMEIS, MSMEDF, others
The Central Bank of Nigeria (CBN) has unveiled guidelines for Non-Interest Financial Institutions under its Agri-Business, Small and Medium Enterprise Investment Scheme (AGSMEIS) and Micro, Small and Medium Enterprises Development Fund (MSMEDF). The CBN made this known in its latest guidelines released on its website on Tuesday. It said the 10 guidelines also included the Read More…
NEXIM bank clarifies N50bn alleged fraud, says says money used for 62 projects, others
The Nigerian Export-Import Bank (NEXIM), on Tuesday clarified the alleged mismanagement of N50 billion Export Development Fund released by the Central Bank of Nigeria (CBN), saying that 62 projects were supported using the intervention. Mr Tayo Omidiji, Head of Strategy and Communications Department, NEXIM Bank, made the clarification in a statement issued in Abuja. Omidiji Read More…
LCCI seeks OPS inclusion in ESP Committee for economic recovery
The Lagos Chamber of Commerce and Industry (LCCI) has called for inclusion and engagement of the Organised Private Sector (OPS) in the Economic Sustainability Plan (ESP) Committee for economic recovery during and after COVID-19 pandemic. Mrs Toki Mabogunje, LCCI President, made the call at the Chamber’s third edition on the state of the Nigerian Economy Read More…
Nigeria’s bourse simplifies capital market investment with comic book
The Nigerian Stock Exchange (NSE) has reiterated its commitment to promoting financial literacy with its comic series, ‘StockTown’, issued to simplify ways of investing in the Capital Market. Mr Olumide Orojimi, the Head, Corporate Communications, NSE, said in a statement made available to the News Agency of Nigeria (NAN) on Tuesday in Lagos that the Read More…
CBN moves to ban importation of maize
PICTURE ABOVE: Ears of orange maize lines following harvesting, on experimental plots at the Zambia Agriculture Research Institute (ZARI). (Via CIMMYT on Flickr) The Central Bank of Nigeria (CBN) has directed all athorised dealers to discontinue the processing of Form M for the importation of maize with immediate effect. The CBN made this known in a Read More…
16 ships arrive Lagos ports with food items, other goods
The Nigerian Ports Authority (NPA) said on Monday that 16 ships laden with food items and other goods had arrived Lagos Port Complex, waiting to berth. NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos. It said that the Read More…
Nigeria’s stock market opens week with N55bn loss
The nation’s bourse resumed transactions for the week on Monday with a loss of N55 billion following sell pressure in some blue chips. Specifically, the market capitalisation which opened at N12.679 trillion lost N55 billion to close at N12.624 trillion. Also, the All-Share Index (ASI) dipped 105.76 points or 0.44 per cent to close at Read More…
NPA expects 14 ships with petroleum products, others at Lagos port
PICTURE ABOVE CREDIT: FINANCIAL TIMES The Nigerian Ports Authority (NPA) says it is expecting 14 ships laden with petroleum products, food items and other goods from Saturday to July 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Read More…
Lagos, 10% of domestic debt as national portfolio hits N28.63trn
PICTURE ABOVE CREDIT: Stears Business The National Bureau of Statistics (NBS) said on Friday that the total public debt portfolio of the Federal and State Governments as of March 31 stood at N28.63 trillion. The NBS made this known in its Nigerian domestic and foreign debt report released in Abuja. The bureau said that further Read More…