Enugu State Government and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a N1 billion Matching Fund Programme agreement to support Nano, Micro, Small, and Medium Enterprises (NMSMEs) in Enugu State. The Director-General of SMEDAN, Mr. Charles Odii, and Special Adviser to the Enugu State Governor on MSMEs, Mr. Arinze Chiloh-Offiah, […]
Latest report from the Central Bank of Nigeria (CBN) on the results of the Treasury Bills auction offered on January 29 this year indicated that the 364-day treasury bill stop rate rose to 19% per annum, indicating a clear signal that the apex bank is moving towards a hawkish monetary policy. Similarly, the 182-day and […]
Indications that Central Bank of Nigeria’s (CBN’s) efforts to digitalize the nation’s payment system and achieve a cashless economy are yielding the desired results have emerged with the electronic payment (E-payment) transactions’ value hitting over N600 trillion in 2023. The 2023 e-transactions value represented a huge surge from the N387 trillion transactions recorded in 2022, […]
Worried by the rising incidents of banditry and terrorism in Northern Nigeria, the Arewa Economic Forum (AEF) has advocated the establishment of a regional security outfit for the region to complement the efforts of the military and police in the current efforts to ensure security of lives and properties in the region. The Chairman of […]
The Chairman of Senate Committee on Capital Market and Institutions, Sen. Osita Izunaso, on Tuesday assured the Red Chambers’ commitment to legislative reforms that would support current drives to deepen investments in the Nigerian capital market. The lawmaker, who made this promise when he led a delegation of the committee to Nigerian Exchange Group (NGX […]
Lloyd’s, the global insurance and reinsurance marketplace, has unveiled its inaugural public asset fund, the USD Enhanced Yield Liquidity Fund, available on the Lloyd’s Investment Platform. The fund aims to present an investment alternative to long-term strategic cash reserves at Lloyd’s, focusing on higher returns, optimal liquidity, and efficient Solvency II capital charges. A news […]
The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, has disclosed that the lingering interconnect debt imbroglio between MTN Nigeria and Globacom Nigeria had been amicably resolved through the supervisory mediation of the commission. Maida, who disclosed this on Tuesday at a media briefing in Abuja where he unveiled his vision […]
….To Parley Governors On Excessive Taxes, Levies The Executive Vice Chairman of the National Communication Commission (NCC), Dr. Aminu Maida, on Tuesday unveiled a 5-pillar visionary agenda aimed at ensuring that stakeholders in the nation’s telecommunications industry were satisfied with the quality of services with the attendant implications for attracting more investments into the industry […]
The Federal Government has mulled a new plan to reform the National Youth Service Corps (NYSC) and make it one of the revenue generation agencies for the country. The Minister of Youth Development, Dr. Jamila Bio Ibrahim, who gave this hint when he featured as a guest on Channels Television’s Sunday Politics programme, said, while […]
The National Agency for Food and Drug Administration and Control (NAFDAC) has commenced the enforcement of its ban on alcoholic beverages produced in sachets of less than 200ml effective from February 1, 2024 The agency hinged its latest action on the fact that the deadline set for manufacturers to cease production of the drinks in sachets […]