Economy News Extra Latest News Manufacturing Political Economy

MSMEs Fund: FG Revs Up Disbursements For Artisans, Payroll Support

The Federal Government on Wednesday said it had intensified efforts in its implementation of different tracks of the Micro, Small and Medium Enterprises (MSMEs) Survival Fund with disbursements for Artisans Grant and the Payroll Support. The Minister of State for Industry, Trade and Investment and Chairperson, Steering Committee of the Schemes, Amb. Mariam Yalwaji Katagum, […]

Economy News Extra Latest News Maritime National Assembly Political Economy Revenue Transportation

Customs Service Rues Rot Of Ports’ Scanners, Reps To Investigate

The Nigeria Customs Service (NCS)on Wednesday expressed its displeasure over the rotting of three calibre mobile scanning machines worth millions of Naira at the TinCan and Apapa Ports and urged the National Assembly to assist in ensuring that the machines are installed for use at the ports. A Comptroller of Customs, Mohammed Abba-Kura, gave this […]

Economy News Extra Latest News National Assembly Oil & Gas Political Economy

Reps Seek Nigerians’ Input To Petroleum Industry Bill

The House of Representatives Ad-hoc Committee on Petroleum Industry Bill (PIB) has asked Nigerians to make input into the Legislature’s deliberations on the Bill now before it by submitting their memoranda before finally passing it into an Act. Chairman of the Ad-hoc Committee, Hon Mohammed Monguno, made the appeal on Wednesday during the committee’s inaugural […]

Banking Economy News Extra Latest News Political Economy Professionals & HR Devt.

GDP Growth Desirable, But Nobody Eats GDP – Adesina

The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged African leaders to set economic policies that directly touch on the welfare of their citizens, saying though GDP growth is desirable but that ‘nobody eats GDP’ The development finance expert gave this charge on Tuesday in his opening remarks at the African Delivery […]

Economy News Extra Latest News Privatisation & Commerce

Shoprite Excites Customers On Bumper Black Friday

Shoprite Nigeria’s supermarkets have offered early Black Friday deals and big discounts on everyday essentials as customers are increasingly looking for value, given the pressure many households are currently experiencing. The Shoprite bumper black Friday offer begins from 25th November and ends in 29th November, 2020 and it’s a pan-Nigeria value added offer. According to […]

Banking Economy News Extra Latest News Professionals & HR Devt.

Fidelity Bank CEO Wins ‘Banker Of The Year’ Award

The Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has won the ‘Banker of the Year’ award at the Business Hallmark People of the Year Awards 2020. The award was conferred on Okonkwo, one of the foremost professional bankers in Africa, and indeed globally based on his innovative banking strategies and achievements, in recognition […]

Economy News Extra Investments/Capital Market Latest News National Assembly Revenue Tax Transportation

Senate Seeks Zero Duty, VAT Exemption On Aircraft, Spare Parts

The Senate on Tuesday urged the Federal Government to fully implement the Executive Order on zero customs duty and zero Value Added Tax (VAT) on importation of commercial aircraft and aircraft spare parts. This is even as it advised the Central Bank of Nigeria (CBN) to make foreign exchange easily accessible for investors in the […]

Banking Budgeting Economy News Extra Latest News Oil & Gas

CBN Flaws Black Market Protagonists’ Stance On Naira Value, Retains MPR

The Central Bank of Nigeria (CBN) on Tuesday flawed the position of parallel market rates protagonists on real value of the nation’s currency, insisting that their pressure to devalue the Naira is not logical. The CBN Governor, Mr. Godwin Emefiele, made this vow at the end of the 2020 Monetary Policy Committee (MPC) meeting, in […]

Economy News Extra Latest News Oil & Gas Political Economy Power/Electricity Revenue

Reps Passed PIB For 2nd Reading, 18 Yrs After Submission

The Petroleum Industry Bill (PIB) on Tuesday passed through for second reading at the House of Representatives after being dogged by controversies among lawmakers several years after its submission by the Executive for passage. Precisely, the PIB was initiated by the Executive Arm of government about 18 years ago to promote transparency in the nation’s […]

Budgeting Economy News Extra Infrastructure & Capital Projects Latest News National Assembly

Senate Approves Buhari’s N148.14bn Refund Request To Five States

The Senate on Tuesday approved President Muhammadu Buhari’s request for a refund of N148,141,969,161.24 to Rivers, Bayelsa, Cross River, Osun and Ondo State Governments for projects executed on behalf of the Federal Government. The approval was sequel to the consideration of a report the Senator Clifford Ordia-led Committee on Local and Foreign Debts. Ordia, during […]