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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 […]

Economy News Extra Latest News Political Economy Privatisation & Commerce Professionals & HR Devt.

WTO DG: South Korea’s Myung-hee May Withdraw From Race

There are strong indications that South Korea may have decided to withdraw its trade minister, Yoo Myung-hee, from the World Trade Organisation (WTO) Director General’s race thereby paving the way for Nigeria’s candidate, Dr. Ngozi Okonjo-Iweala, to be confirmed for the position ultimately. U.S-based Washington Trade Daily (WTD) on Tuesday quoted people familiar with the […]

Banking Economy News Extra Latest News Privatisation & Commerce

CBN Clarifies Stance on Form ‘M’ Payments Through 3rd Parties

The Central Bank of Nigeria (CBN) has clarified its position on the removal of third parties from buying of foreign exchange routed through Form M, Letters of Credit, and other forms of payment The apex bank, in a circular with Reference number TED/FEM/FPC/GEN/01/009, which was issued by the CBN to all authorized dealers and the […]

Budgeting Economy News Extra Latest News Privatisation & Commerce Revenue

Privatisation Has Great Potential To Bridge States’ Funding Gap – SEC

The Securities and Exchange Commission (SEC) on Tuesday harped on the enormous potential of the Privatisation programme as alternative funding source for sub-national governments’ development. The Director General of the Commission, Mr Lamido Yuguda, said at a webinar organised by the Nigerian Stock Exchange (NSE) in collaboration with the Nigeria Governors Forum (NGF) and the […]

Banking Economy News Extra Latest News Manufacturing Privatisation & Commerce

Nigeria Suffers $1.4Bn Merchandise Trade Deficit In August

The Central Bank of Nigeria (CBN) has reported that Nigeria recorded $1.4 billion trade deficit in August this year as earnings from non-oil exports dipped by 11 percent or $32 billion during the month. The deficit balance of trade value by the Nigeria came amidst improved value of external trade by 12 percent to $5.8 […]

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OPS Group Flaws FG On Revised Electricity Tariff

The leadership of the Organized Private Sector under the aegis of Organized Private Sector of Nigeria (OPSN) has sought the Presidency’ explanation on the need for electricity tariff increase, particularly now at a time when the nation’s economic performance is receding and millions of poor Nigerians are trapped in poverty cycle. The OPSN comprises the […]

Economy News Extra Latest News Privatisation & Commerce

WTO DG Election: Okonjo-Iweala, 4 Others Qualify For Next Round

Nigeria’s former Supervising Minister of Finance and one of the candidates contesting for the position of Director General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has won in the first run of the election. By scaling the first hurdle in the electioneering process, Okonjo-Iweala and four others will now proceed to the second […]

Economy News Extra Foreign Latest News Political Economy Privatisation & Commerce

Merkel, Xi Jinping Parley On China-EU Investment Pact

German Chancellor Angela Merkel and Chinese President, Xi Jinping, were expected to begin talks as part of high-level talks between Beijing and the European Union that should reinvigorate stalled talks on an investment agreement. According to a high-ranking EU official, the EU wants to agree on a plan to wrap up the deal, with the […]

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Utomi, Oramah, Others Rate Global Trading System Unfair To Africa

Most Chief Executive Officers (CEOs) in Sub-Saharan Africa (SSA) believe that as currently structured the global trading system remains unfair to Africa and explicitly called for a fairer system governing global trade that will support developing countries The corporate leaders’ verdict on the global trading system was given in a survey of 200 CEOs commissioned […]

Budgets Economy News Extra Latest News Political Economy Privatisation & Commerce

Kwara Targets 21,623 Traders For Interest-Free Loans

Kwara State Government on Tuesday announced that about 21,623 petty traders in the state would benefit from the state’s interest free micro-finance loans under the Kwara State Social Investment Programme (KWASSIP). To ensure that the loans get to the beneficiaries promptly, the state governor, Alhaji AbdulRahman AbdulRazaq had approved the immediate disbursement. The Chief Press […]