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The Governor of the Central Bank of Nigeria (CBN) has called Nigerians to support the implementation of its Produce, Add Value and Export (PAVE) initiative in view of its benefits to Nigerians and the economy. Emefiele, who made the call in his opening remarks on Thursday at the ongoing the 32nd Seminar for Finance Correspondents […]
Fuel, Electricity Tariff Price Caps May Fiscally Cost Nigeria 3% Of GDP In 2024 – IMF
The International Monetary Fund (IMF) has warned that price caps on fuel and electricity tariffs below the cost recovery could result to a fiscal cost amounting to 3% of Nigeria’s Gross Domestic Product (GDP) in 2024. The warning was given by the staff of the Fund in their report on completion of their mission to […]
SEC, Stakeholders To Collaborate On Non-Oil Sector Financing
The Securities and Exchange Commission (SEC), the Federal Ministry of Mines and Steel Development and other stakeholders in the Capital Market Community are to partner to promote the use of alternative means of raising capital for the development of the nation’s non-oil sector. The planned capital raising initiative, which could be achieved from Non-Interest products, […]