The Federal Government has, through the Central Bank of Nigeria, reviewed upward the official exchange rate of the Naira for cargo clearance from N783/$ to N952/$. The latest policy came barely three weeks after the rate was adjusted from N757/$1 to N783/$1, representing a 3.4 per cent increase. Our correspondent noted that on Thursday, the […]
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced a change in its board with the election of Gabriel Idahosa as President and Chairman of the Council. The Chamber’s Director General, Dr. Chinyere Almona, who made the disclosure during the Chamber’s 135th Annual General Meeting (AGM) in Lagos, said that Idahosa’s appointment was […]
President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has disclosed that Africa accounts for just three percent of the total $25.3 trillion global trade with most of the economies highly vulnerable to commodity price volatility. Adesina, who made remark while speaking on sustainable trade and energy mix at the Sustainable Trade Africa Conference […]
The Director-General of the Budget Office of the Federation, Ben Akabueze, has said that the N27.5 trillion proposed as 2024 budget estimates now before the National Assembly is too small to meet Nigeria’s needs According to him, the fiscal proposals are just to make the government to ties its expenditures to accruable earnings in the […]
The Nigerian National Petroleum Company Limited (NNPCL) has signed two gas deals covering a floating liquefied natural gas deal and a small-scale LNG deal at the ongoing COP28 in Dubai, United Arab Emirate (UAE) According to the company, the deals were both for Domestic, and International Markets. There is an Agreement on 421 Tonnes Per […]
The Federal Inland Revenue Service (FIRS) at the weekend stated that it had granted taxpayers full waiver on accumulated penalties and interests for outstanding tax liabilities, thereby giving succor to the affected enterprises amid recent policy-induced fiscal whirlwinds across the economy. The Chairman of the revenue agency, Dr. Zacch Adedeji, made the disclosure in a […]
The Federal Government in collaboration with International philanthropic organisations have partnered to raise $200 million to support the nation’s Micro, Small and Medium Enterprises (MSMEs) with the attendant positive potential for job creation in the country. The Senior Special Assistant to the President on MSMEs and Job Creation in the Office of the Vice President, […]
To reaffirm its commitment to collaborate with its 54 regional member-countries to support and implement projects and programmes for inclusive development in Africa, the African Development Bank (AfDB) last week hosted a ‘High-level Member-States Engagement Framework Workshop’ in Abidjan, Cote D’Ivoire. The event featured nearly 100 ministry of Foreign Affairs’ directors of protocol and Bank […]
The International Energy Agency (IEA) has projected that supply cuts by some oil producing countries may not affect oil surplus in 2024. The head of the agency’s oil markets and industry division, Toril Bosoni, was quoted in a news report by Reuters as making the forecast on Tuesday during an interview. Bosoni, who shared some […]
Ogun State Government has commenced the second phase of the disbursement of the N1 billion grant to Micro, Small and Medium Enterprises (MSMEs) as part of its efforts to alleviate poverty and mitigate the impact of COVID-19 on businesses in the state. The Commissioner for Industry, Trade, and Investment and a member of the Ogun […]