The Federal Government is targeting $1bn agricultural investment and 500,000 jobs by 2027 from the Special Agro-Industrial Processing Zones Programme, according to the SAPZ Fact Sheet obtained by newsmen. The…
Category: BUSINESS
NPCC, NRC move to resolves logistics challenges at ports
The Nigerian Port Consultative Council and the Nigerian Railway Corporation, NRC, have stepped up their moves to establish the proposed multi-modal transport initiative between both entities. The initiative which is…
Senate tackles airlines running multiple routes with three aircraft
The Chairman Senate Committee on Aviation, Senator Fatai Buhari, has said that the Senate is working on a bill that will regulate the activities of airlines in the country, specifically…
CBN Reaffirms Commitment to Financial System Stability, Says Depositors’ Funds Safe
The Central Bank of Nigeria (CBN) has once again reiterated its unwavering commitment to ensuring the stability, safety, and soundness of Nigeria’s financial system. Amid growing concerns over the global…
S’Korean investors planning four Nigerian refineries – FG
A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government announced on Tuesday. The Minister of…
Crude-for-naira sales commenced October 1 – FG
The Federal Government says it has commenced sales of crude oil and other refined products in naira. It said the initiative commenced on October 1, 2024 without providing further details…
Why we sold $543.6m to Nigerian banks – CBN
The Central Bank of Nigeria said it sold $543.6 million to authorized dealer banks at the Nigerian Foreign Exchange Market between 06 and 30 September 2024. CBN disclosed this in…
Submit FX compliance report, CBN orders banks
The Central Bank of Nigeria has mandated Deposit Money Banks and all other participants in the foreign exchange market to submit compliance reports regarding the FX Code by December 31,…
Govt begins distribution of 2,000 CNG-powered tricycles
The Federal Government, through the Presidential Compressed Natural Gas Initiative and the Federal Ministry of Youth Development, has flagged off the distribution of 2000 CNG-Powered Tricycles to empower Nigerian youth.…
Investors’ Return in Stock Market Up 31.8% Year-to-Date
As the stock market closed positive in the last trading in September 2024, average investors return stood at 31.8 per cent Year-till-Date (YtD), driven by bullish sentiments in some listed…
