Category: Economy

Flour Mills Secures Approval To Acquire 76% Stake In Honeywell
April 30, 2022 No Responses

Flour Mills Secures Approval To Acquire 76% Stake In Honeywell

Flour Mills of Nigeria Plc (FMN) has obtained the required regulatory approvals to acquire 71.69 per cent stake in Honeywell Flour Mills Plc (HFMP), formerly a portfolio company of Honeywell Group. The company made this known in a statement by...
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Ministry Tasks LADOL On Local Content, Youth Employment  
April 30, 2022 No Responses

Ministry Tasks LADOL On Local Content, Youth Employment  

The Permanent Secretary, Ministry of Transportation, Dr Magdalene Ajani, has urged the Lagos Deep Offshore Logistics Base (LADOL), to promote local content and youth employment.   Ajani, in a statement said this was in furtherance of the Federal Governmen...
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20 Pension Fund Administrators Meet Deadline For N5b Minimum Capital 
April 30, 2022 No Responses

20 Pension Fund Administrators Meet Deadline For N5b Minimum Capital 

Twenty Pension Fund Administrators (PFAs) met PenCom’s deadline to increase their Minimum Regulatory Capital (shareholders’ fund) from N1 billion to N5 billion by April 27.   Pension Commission (PenCom) made the declaration in a statement it issued in Lag...
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MAN Tasks FG On Speedy Implementation Of AfCFTA
April 29, 2022 No Responses

MAN Tasks FG On Speedy Implementation Of AfCFTA

The Manufacturers Association of Nigeria (MAN) has tasked the Federal Government to speedily commence the implementation of the African Continental Free Trade Area (AfCFTA) to support its industrialisation agenda and for competitiveness.  The President of...
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Nigeria Budgets N50b To Position Export Oriented Businesses 
April 27, 2022 No Responses

Nigeria Budgets N50b To Position Export Oriented Businesses 

The Federal Government has committed N50 billion toward positioning export-oriented businesses in Nigeria, Vice President Yemi Osinbajo, said on Tuesday in Abuja.   Speaking at a two-day National Conference on Non-oil Export organised by the Nigerian...
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<strong>Delta Seeks N150b Credit Facility From Zenith Bank, Others</strong>
April 27, 2022 No Responses

Delta Seeks N150b Credit Facility From Zenith Bank, Others

The Delta House of Assembly has approved a request by  Governor  Ifeanyi Okowa for a bridging finance facility of N150 billion in favour of the state government.  The governor’s request  is contained in a letter which was read at&nbs...
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Fidelity Bank Drives Non-Oil Exports Awareness In North Central Through RT200 FX Seminar 
April 15, 2022 No Responses

Fidelity Bank Drives Non-Oil Exports Awareness In North Central Through RT200 FX Seminar 

Governor Simon Lalong of Plateau state has lauded the RT200 FX Programme by the Central Bank of Nigeria’s (CBN), stating that the nation stands to gain a lot in terms of expanding its foreign exchange earning capacity through previously underutilis...
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Buhari Orders Release Of 40,000 Tons Of Grains
April 13, 2022 No Responses

Buhari Orders Release Of 40,000 Tons Of Grains

President Muhammadu Buhari has approved the immediate release of 40,000 metric tons of assorted grains from the Strategic Grains Reserve, to assist less-privileged Nigerians to celebrate the forthcoming Easter and Sallah festivities.  The Minister of Agricult...
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Fidelity Bank Takes Non-Oil Exports Campaign To North Central
April 11, 2022 No Responses

Fidelity Bank Takes Non-Oil Exports Campaign To North Central

Following successful outings in Kano and Akure, leading financial institution, Fidelity Bank Plc, is set to host businesses in the north central geopolitical zone to a special seminar on opportunities and implementation of the CBN RT200 FX Policy.   ...
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DMO Releases FG’s N720b Q2 Borrowing Plan
April 6, 2022 No Responses

DMO Releases FG’s N720b Q2 Borrowing Plan

The Debt Management Office (DMO) has released schedule of local borrowings of about N720billion by the Federal Government for the second quarter. The schedule is contained in the DMO’s “FGN Bonds Issuance Calendar For The Second Quarter, 2022’’.  ...
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Airtel, Konga Sign MoU To Deepen Online Retail In Nigeria
April 1, 2022 No Responses

Airtel, Konga Sign MoU To Deepen Online Retail In Nigeria

Airtel Nigeria and Konga, an e-commerce platform, on Thursday signed Memorandum of Understanding (MoU) to deepen the digital and online retail landscape in the country. The News Agency of Nigeria (NAN) reports that the MoU was signed at the Airtel...
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Buhari: Dangote Fertiliser Plant To Boost Forex Earnings, Economic Growth
March 23, 2022 No Responses

Buhari: Dangote Fertiliser Plant To Boost Forex Earnings, Economic Growth

The $2.5billion Dangote Fertiliser Plant in Ibeju Lekki, Lagos, will boost Nigeria’s foreign exchange earnings and accelerate economic growth, President Muhammadu Buhari has said  Inaugurating the three million metric tonnes per annum urea production pl...
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Unity Bank, NASME To Empower Women-Owned MSMEs
March 17, 2022 No Responses

Unity Bank, NASME To Empower Women-Owned MSMEs

Unity Bank has received commendations for its commitment to women empowerment at the National Association of Small and Medium Enterprises, NASME’s International Women’s Day, (IWD) celebrations held in Lagos recently to push the frontiers of su...
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Nigeria Generates $3b From Non-Oil Export Products In 2021
March 16, 2022 No Responses

Nigeria Generates $3b From Non-Oil Export Products In 2021

The Nigerian Export Promotion Council (NEPC) has said that the country exported non-oil products worth 3.45 billion U.S dollars in the 2021 fiscal year.  Executive Director of the NEPC, Mr Ezra Yakusak, who disclosed this while speaking at a seminar...
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