Category: Economy

SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities
September 19, 2022 No Responses

SEC, UBA, BoI, Others Elaborate On Non-Oil Export Opportunities

The Securities and Exchange Commission (SEC) has reiterated its commitment to developing the commodities ecosystem in Nigeria to boost its non-oil sector.  The Director-General of SEC, Lamido Yuguda, stated this at the 2022 annual conference of the Finance Correspondents Association...
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UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings
September 19, 2022 No Responses

UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings

Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take advantage of the opportunities in the creative industry for sustainable export earnings.  Akinyemi gave the advice at the annual confe...
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Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 
September 18, 2022 No Responses

Shippers’ Council, CBN, UBA, Fidelity Bank, Others Harp On Trade Facilitation 

By Moses Ebosele, ebosele@hotmail.com   — Trade facilitation took the centre stage, in Lagos, on Saturday as key stakeholders brainstorm on challenges, existing modalities and gains recorded so far.   Speaking at the event, which forms part ...
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SEC Harps On Crowdfunding Benefits
September 12, 2022 No Responses

SEC Harps On Crowdfunding Benefits

The Securities and Exchange  Commission (SEC) has said that the operationalization of Crowdfunding will accelerate the Financial Inclusion agenda in Nigeria while increasing the quantum of investible funds by unlocking the untapped capital in the economy.  ...
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Q2: Nigeria’s Total Trade Stands At N12.841b 
September 9, 2022 No Responses

Q2: Nigeria’s Total Trade Stands At N12.841b 

Nigeria’s total merchandise trade stands at N12,841.54 billion, in the second quarter of 2022, the National Bureau of Statistics(NBS), has said.  This is according to the NBS Foreign Trade in Goods Statistics Report for Q2 2022 released in Abuja on...
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Edo Harps On Critical Role Of Oil Palm In Economic Diversification
September 9, 2022 No Responses

Edo Harps On Critical Role Of Oil Palm In Economic Diversification

Edo State Governor, Godwin Obaseki, has urged Stockbrokers to consider the impact increased investment in the oil palm sector can make in rejuvenating the Nigerian economy, adding that cash crops such as oil palm, rubber and timber among others were...
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Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  
September 7, 2022 No Responses

Samsung, Daewoo, Secure $2.35 Order For Eleven LNG Carriers  

The world’s largest shipbuilders are tapping into the surging demand for LNG carriers. South Korea’s Samsung Heavy Industries (SHI) and Daewoo Shipbuilding & Marine Engineering Co (DSME) has revealed a combined order for 11 LNG carriers worth approxima...
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Export Earnings Takes Centre Stage As FICAN Holds Annual Conference
September 7, 2022 No Responses

Export Earnings Takes Centre Stage As FICAN Holds Annual Conference

All is now set for the 2022 edition of the up Finance Correspondents Association of Nigeria (FICAN) annual conference. A statement issued by the leadership of the association disclosed that the conference, which will hold on Saturday 17th and Sunday...
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FMDQ Approves N30b Commercial Paper programme To Boost Agriculture
September 7, 2022 No Responses

FMDQ Approves N30b Commercial Paper programme To Boost Agriculture

The FMDQ Securities Exchange Ltd. has approved the registration of the Johnvents Industries Ltd N30 billion Commercial Paper (CP) to boost agriculture productivity.  A statement issued on Tuesday explained that the approval was in furtherance of the compa...
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FG Plans To Spend N19.76tri In 2023
August 30, 2022 No Responses

FG Plans To Spend N19.76tri In 2023

The Federal Government is proposing to spend N19.76 trillion in 2023.  Minister of Finance, Budget and National Planning, Dr Zainab Ahmed, made the declaration in Abuja on Monday when she said the 2023 budget had a proposed deficit of N11.3...
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Manufacturers Task CBN On FOREX Allocation
August 26, 2022 No Responses

Manufacturers Task CBN On FOREX Allocation

The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN)  to allocate more FOREX to manufacturers to allow for the importation of raw materials and machinery.  Edo/Delta branch chairman of MAN, Dr Okwara Udensi, made th...
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Nigeria, Japan Trade Volume Hits $1b 
August 20, 2022 No Responses

Nigeria, Japan Trade Volume Hits $1b 

The annual bilateral trade volume between Nigeria and Japan stands at $1 billion, the Ambassador of Japan to Nigeria, Mr Matsunaga Kazuyoshi, has said.  Speaking at the 2nd Japan-Nigeria business facilitation council meeting on Friday in Abuja, Kazuyoshi expl...
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Customs Intercept 119,940 Litres Of Petrol
August 17, 2022 No Responses

Customs Intercept 119,940 Litres Of Petrol

The Seme Command of the Nigeria Customs Service (NCS) has intercepted 119,940 litres of Premium Motor Spirit (PMS), popularly known as petrol, at the Badagry border creeks.   The Customs Area Controller, Comptroller Bello Jibo, made this known at a...
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Blackout In Lagos As Electricity Workers Begin Strike  
August 17, 2022 No Responses

Blackout In Lagos As Electricity Workers Begin Strike  

There was blackout across Lagos State on Wednesday following the nationwide strike by electricity workers under the aegis of the National Union of Electricity Employees (NUEE).   Ikeja Electric Plc and Eko Electricity Distribution Company (EKEDC) confirme...
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