The National Bureau of Statistics (NBS) says Consumer Price Index, (CPI) which measures inflation increased to 12.56 per cent year-on-year in June 2020. The NBS made this known in its CPI and Inflation Report for June released on Friday. It stated that the report showed that June inflation was 0.16 per cent points higher than Read More…
News
Michael Emenalo: ‘The narrative that white is good has to change’
By Donald McRae The former Nigeria international helped steer Chelsea to great success but despite his pioneering efforts there remains a glaring absence of black directors of football in the Premier League “One of the reasons I stayed discreet during my time at Chelsea was because I was in a unique situation,” Michael Emenalo says Read More…
Time to rescue ourselves from our political leaders!
Dr. ChiChi Aniagolu-Okoye Illustration above credit: Protest people crowd silhouette. ©Getty Images/iStockphoto The Nigerian middle class has to a large extent existed without paying heed to our political leadership. When we are ill, we go to private hospitals in Nigeria or go abroad. We educate our children in private schools in Nigeria or take them Read More…
NEPZA sets stage for ethics, governance compliance
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…
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…
NCDC records 463 new cases of COVID-19, total rises to 33,616
PICTURE ABOVE CREDIT: REUTERS – AFOLABI SOTUNDE The Nigeria Centre for Disease Control (NCDC) has recorded 463 new COVID-19 cases in the country as total infections rose to 33,616. The NCDC made this known on its official twitter handle on Tuesday. The NCDC said that as at the July, 14, there were 463 new confirmed cases and 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…