Category: Economy

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 plant on Tuesday, Buhari said: “This...
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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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Qatari Investments In Nigeria To Hit N500b
March 5, 2022 No Responses

Qatari Investments In Nigeria To Hit N500b

The Ambassador of the State of Qatar to Nigeria, Dr. Ali Al-Hajri, says his country has stepped up efforts to increase investment in Nigeria with expectations to hit about N500 billion before the year ends.  Al-Hajri said this at the...
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LCCI Tasks FG On Inflation, Others
January 12, 2022 No Responses

LCCI Tasks FG On Inflation, Others

The Lagos Chamber of Commerce and Industry (LCCI) has called for better management of the country’s inflation, foreign exchange(FX) and debt portfolio indexes.  LCCI President, Dr Michael Olawale-Cole, made the call during the Chamber’s 2022 first qua...
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Nigeria, Greece Sign MoU On Economy, Security
January 11, 2022 No Responses

Nigeria, Greece Sign MoU On Economy, Security

The Federal Government has signed a Memorandum of Understanding (MoU) with the Hellenic Republic of Greece to strengthen bilateral ties, Nigeria’s economy diversification, and security, among others.  Nigeria’s Minister of Foreign Affairs, Geoffrey On...
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Obaseki Commissions 5,400mt Per Annum Cashew Factory
November 29, 2021 No Responses

Obaseki Commissions 5,400mt Per Annum Cashew Factory

Edo State Governor, Mr. Godwin Obaseki has tasked youths to embrace opportunities in the agriculture value chain by deploying innovative ideas to initiate and develop agribusiness projects.  Obaseki made the submission after commissioning a 5,400mt per an...
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Nigeria Targets $1.2b Export Capacity For States
November 23, 2021 No Responses

Nigeria Targets $1.2b Export Capacity For States

The National Action Committee, African Continental Free Trade Agreement (AfCFTA) has emphasised the need to cascade down its activities to the subnational level with state governments playing a major role.  Secretary of the committee, Mr Francis Anatogu, ...
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FG Disburses N56b To MSMEs
November 23, 2021 No Responses

FG Disburses N56b To MSMEs

The Federal Government has disbursed N56.84 billion to 835,161 beneficiaries under the MSME Survival Fund scheme.  The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr Evelyn Ngige, disclosed this at the opening of the 13th Meeting of t...
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FEC Approves National Development Plan For 2021-2025
November 11, 2021 No Responses

FEC Approves National Development Plan For 2021-2025

The Federal Executive Council(FEC) has approved the National Development Plan(NDP) for 2021 to 2025 to succeed the Economic Recovery and Growth Plan(ERGP) which expired in December, 2020.  Minister of Finance, Budget and National Planning, Zainab Ahmed,&n...
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Cooperative Societies Contribute N1.2tri To GDP
November 10, 2021 No Responses

Cooperative Societies Contribute N1.2tri To GDP

The more than 300,000 registered cooperative societies in the country contribute over N1.2 trillion to Nigeria’s GDP annually.  The declaration was made in Abuja on Wednesday by the Cooperative Rating and Award Society of Nigeria (CRASoN).  Its Pre...
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SEC Nigeria Reiterates Commitment To Green Economy
November 9, 2021 No Responses

SEC Nigeria Reiterates Commitment To Green Economy

The Securities and Exchange Commission (SEC) has stated that it will continue to strive to deliver coordinated and coherent policy advice, capacity building and regulatory support to build the momentum for a green economy.     Green fi...
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AfDB, MTN Sign $0.5m Grant-Agreement
October 21, 2021 No Responses

AfDB, MTN Sign $0.5m Grant-Agreement

The African Development Bank (AfDB) has signed a grant agreement worth $500,000 dollars with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN, for a study on the economic, religious and social factors hampering access to finance by women...
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AfCFTA: NPA Reiterates Support For Intra-African Trade
October 13, 2021 No Responses

AfCFTA: NPA Reiterates Support For Intra-African Trade

By ebosele@hotmail.com  All seaports in Nigeria are being repositioned as efficient and reliable gateways as part of measures to optimise trade interconnectivity with other countries under the African Continental Free Trade Area (AfCFTA) agreement, A...
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