Nigeria Customs Service (NCS) Apapa Area Command on Tuesday disclosed that it raked in N212.592 billion revenue in the first quarter of financial year (FY) 2023. The Apapa Area Controller, Comptroller Auwal Mohammed, disclosed that during the quarter, a total of 110,448 metric tonnes of exports, comprising processed agricultural items such as sesame seeds, ginger, […]
… Lagos accounts for 56.6% of capital inflow in Q4 2022 The National Bureau of Statistics (NBS) has reported that total capital importation into Nigeria in 2022 stood at US$5,328.88 million in 2022, representing a decrease of 20.47% from US$6,700.51 million in 2021. The Bureau, which gave these data in its ‘Nigeria Capital Importation Q4 […]
AFOS Foundation, a Germany-based autonomous and charitable foundation developed to support micro and small businesses and the rising middle class in developing and emerging nations, is strengthening the Nigerian agricultural sector by improving the performance of small farmers, agricultural companies, microfinance banks (MfBs), as well as their networking across the sector’s value chains. Speaking on […]
Dangote Industries Limited (DIL) has listed its N300 billion Series 1 and 2 bonds issued under the Dangote Industries Funding Plc on both the Nigerian Exchange Limited (NGX) and the FMDQ in a brief ceremony held in Lagos. The Group Managing Director of the company, Olakunle Alake told investors during the listing ceremony that the […]
….projects 2.2% yearly growth for global economy The World Bank Group has highlighted some policy actions for Nigeria and other countries to prioritize in their development plans to avert growth slowdown in the years ahead as the global economy’s “speed limit”, the maximum long-term rate at which it can grow without sparking inflation, is set […]
Unilever Nigeria Plc, one of Nigeria’s leading Fast-Moving Consumer Goods (FMCG) companies, has announced its exit from the home care and skin cleansing markets with the stoppage of OMO, Sunlight and Lux brands. In a statement by the company, the decision to stop the production of the three products was informed by the need to […]
The United Kingdom government has concluded arrangements to introduce a new visa route for startup and innovation entrepreneurs looking for opportunities to relocate to and start their businesses in the country. The startup and innovator visa, which will take off from 13th April this year, is available to international entrepreneurs that meet the issuance requirements. […]
The Central Bank of Nigeria (CBN) on Tuesday disclosed that disbursements to farmers and beneficiaries in the agricultural value chain under the Anchor Borrowers Programme (ABP) this year stood at N12.65 billion. The apex bank governor, Mr. Godwin Emefiele, made this disclosure when briefing journalists of the decisions taken during the 290th Monetary Policy Committee’s […]
The Japanese Government has announced plans to boost cooperation with Nigeria and other Sub-Saharan African (SSA) countries by investing about $30 billion in Nigeria and others between now and year 2025. The Japanese Ambassador to Nigeria, Mr. Matsunaga Kazuyoshi, made this disclosure at an event organized by the Japanese Embassy to commemorate the 63rd birthday […]
Indications that the lingering cash crunch didn’t really affect the general price level in Nigeria emerged on Tuesday as the National Bureau of Statistics (NBS) reported that the nation’s headline inflation rate still surged to 21.91% in February compared to the 21.82% rate reported in January 2023. The Bureau, in its ‘Consumer Price Index February […]