L-R: Director General, Lagos Chamber of Commerce and Industry (LCCI), Mr Muda Yusuf; Vice President, Ukrainian Chamber of Commerce and Industry, Sergii Svystil; President, LCCI, Mr Babatunde Paul Ruwase, FCA; Deputy Minister of Economic Development and Trade of Ukraine, Nataliia Mykolska and Ambassador of Ukrain to Nigeria, His Excellency, Valeriy Aleksandeuk during the Ukrainian Chamber […]
L-R: Secretary General, Association of Corporate Affairs Managers of Banks (ACAMB), Rasheed Bolarinwa, Guest Speaker, Professor Bankole Shodipo, Vice-President, ACAMB, Mrs. Ugochukwu Okezie-Ekaidem and President, ACAMB, Charles Aigbe during the ACAMB-sponsored seminar on copyright issues in Nigeria which held in Lagos recently.
President Muhammadu Buhari today stated the reasons why Nigeria refused to sign the Economic Partnership Agreement (EPA) among ECOWAS member-countries. The Special Adviser on Media and Publicity to the President, Mr. Femi Adesina, stated that President Buhari made the clarification while receiving Letter of Credence from the Head of Delegation of the European Union (EU) […]
The Board of Directors of the African Development Bank on Thursday announced the approval of a US $50-million unfunded Risk Participation Agreement for Commerzbank AG to support African issuing banks seeking to expand their trade finance operations. A statement by the bank on the facility indicated that the Risk Participation would help address trade finance […]
The Central Bank of Nigeria (CBN’s) Monetary Policy Committee yesterday cautioned the fiscal authorities on the increasing sharing of of crude oil proceeds by the three tiers of government in view of the need to save and stabilize the economy against future oil price related shocks. This advice was among the key decisions taken by […]
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) today retained the Monetary Policy Rate (MPR) at 14 per cent and left other ratios intact at the conclusion of its two-day meeting in Abuja. In addition to the MPR which was retained at 14 per cent, the committee also retained the Cash […]
China today issued a $50 billion dollar list of U.S. goods, including soybeans and small aircraft, for possible tariff hikes. The fiscal measure derived from an escalating technology dispute between Beijing and Washington, raising speculations that the furore between the two countries could set back the global economic recovery. The country’s tax agency gave no […]
The Central Bank of Nigeria, CBN, has put the nation’s Manufacturing Purchasing Managers’ Index (PMI) as at the end of March at 56.7 index points. The latest report reflected that the index rose for the 12th consecutive months and proved that business activities continued to increase in the nation’s economy. A month-on-month comparative analysis showed […]
Trading activities in the nation’s stock market opened on a bearish trend with investors losing N234 billion, representing about 1.56 percent of total market capitalization on the first post-Easter holiday transactions. After the day’s trading, the market capitalization closed at N14.758 trillion compared to N14.992 trillion recorded last Thursday, March 29. Similarly, the All-Share Index […]
The National Bureau of Statistics (NBS) today revised upwards the 2017 Internally Generated Revenue (IGR) by the 36 states of the Federation by about N5.2 billion following the receipt of Osun State’s Q4 2017 IGR figures. With the computation of the state’s last quarter IGR accruals, the total IGR generated by the 36 states for […]