The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), on Thursday promised to further support Micro, Small and Medium Enterprises (MSMEs) in the country and boost their contributions to Nigeria’s export trade to raise Nigeria’s export earnings to $35 billion over the next five years. The Director-General of agency, Mr. Olawale Fasanya, made this […]
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has commended the Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) for ensuring the safety of depositors’ funds in the nation’s financial system in the face of global economic disruptions over the past two years. The minister, in her opening […]
The Naira depreciated in exchange value again at the black market in the early hours of Tuesday, trading at N740/$1 in the black market, representing a depreciation of 0.68% when compared to the N735/$1 it traded last Friday. However, the local currency recorded marginal appreciation in the cryptocurrency peer-to-peer (P2P) FX market, at which it […]
Analysts at Bancorp Securities Limited on Tuesday projected that trading in the nation’s stock exchange will not be upbeat this week as investors continue to react to the monetary policy rate (MPR) hike by the monetary authorities last week. The investment experts in the firm’s ‘Weekly Stock Recommendations: Oct 4- Oct 7’ predicted: “We expect […]
Nigeria has been re-elected into the International Telecommunication Union (ITU) Council, a United Nations specialized agency that oversees global telecommunication operations, in recognition of the country’s critical roles on the global telecom stage. Nigeria will serve on the Council again from 2023-2026. Nigeria and other countries’ election for a four-year term on Monday into different […]
The Securities and Exchange Commission (SEC) Nigeria has said that the non-interest capital market has enormous potentials and capable of improving the market capitalization by 25% by the year 2025. The SEC Director General, Mr. Lamido Yuguda, made this remark during a meeting with the Executives of Non-Interest Financial Institutions Association of Nigeria (NIFIAN) at […]
The Nigerian Communications Commission (NCC) and the National Lottery Regulatory Commission (NLRC) have jointly set up a committee to work towards the protection of the interest of telecom consumers against malpractices that may attend mobile lotteries in the country. The committee was tasked with the responsibility of articulating measures to address mutual regulatory issues, including […]
The Centre for Promotion of Private Enterprise (CPPE), one of Nigeria’s private sector advocacy groups championing the cause of policy-driven economic policies and initiatives, has canvassed a 10-point strategic agenda needed to strongly position the nation’s economy on the path of sustainable growth in the years ahead. The Centre, in a Note signed by its […]
The World Bank on Thursday approved the Nigeria State Action on Business Enabling Reforms (SABER) Program-for-Results. The $750 million International Development Association (IDA) credit will help Nigeria accelerate the implementation of critical actions that will improve the business enabling environment in states. Nigeria has made progress in advancing reforms to eliminate constraints in the business […]
The FCT Police Commissioner, Mr Babaji Sunday on Thursday September 29 sent 20 policemen to enforce the Court of Appeal judgement that reinstated members of the ‘’Incorporated Trustees of Apo XK Extension Residents Association’’ titles to over 400 plots of land. The policemen accompanied about seven bailiffs from the FCT High Court to serve the […]