JohnVents Industries Ltd., a N15bn cocoa processing plant aimed at boosting employment in the country, has started operation in Akure, the Ondo State capital. The… Read More »Job Creation: N15bn cocoa processing plant begins operation in Akure
An e-commerce platform on Tuesday launched an app called Wabi to digitize traditional trade channels in Nigeria. Wabi Nigeria Country Manager, Omolara Adagunodo, said during… Read More »Coca-Cola launches e-commerce app, Wabi, to help small businesses in Nigeria
First Bank Nigeria Ltd. says it will leverage its vast experience in supporting trade businesses, especially the SME to support the Federal Government’s efforts to… Read More »FirstBank, others partner to reposition nonoil export for economic growth
Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), says that in less than four weeks, the eNaira app had witnessed almost 600,000 downloads since… Read More »Emefiele says eNaira downloads almost 600,000 in less than 4 weeks
In order to complement the poverty alleviation programmes of the federal government, the Jaiz Charity and Development Foundation (JCDF) has disbursed interest-free loans to 54… Read More »Poverty alleviation: Jaiz Charity Foundation offers interest-free loans to 54 FCT residents
A 16-man delegation from Russia, representing different companies on Wednesday expressed their readiness to partner and invest in Nigeria. Mr Ivan Klevtsov, leader of the… Read More »16 Russian companies express willingness to invest in Nigeria
The World Bank has urged the Nigerian Government to end its fuel subsidy regime within the next six months (April 2022). The federal government has… Read More »World Bank Urges FG To End Fuel Subsidy
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday voted to hold the Monetary Policy Rate (MPR) at 11.5 per… Read More »CBN retains benchmark lending rate at 11.5%, other parameters remain constant
Malam Mele Kyari, Group Managing Director and Chief Executive Officer of the Nigerian National Petroleum Company Limited, said that petrol subsidy would have been eliminated… Read More »Petrol may sell for between N320, N340 after subsidy removal – NNPC GMD
Governor Nyesom Ezenwo Wike, has said the historic legal battle between the Rivers State Government and the Federal Inland Revenue Service (FIRS) with respect to… Read More »VAT case will prove if Nigeria respects the rule of law – Wike
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says Nigeria will save 40 percent of its foreign exchange (FX) earnings when the Dangote… Read More »Nigeria to save 40% of forex earnings when Dangote refinery comes on stream – Emefiele
The Nigerian Exchange Ltd. (NGX) has urged the Federal Government and the private sector to embrace the capital market for long-term funds to address the… Read More »Capital market can fund Nigeria’s infrastructural development, says NGX CEO
Mr Simon Harry, the Statistician-General of the Federation and Head of National Bureau of Statistics, has declared that the nation’s economy grew by 4.03 per… Read More »Nigeria’s economy grows by 4.03% in Q3, 2021 — NBS
The Nigerian National Petroleum Corporation(NNPC) has signed a $1.04bn facility with the African Export-Import Bank (Afrexim) for petroleum exploration, the bank said in a statement… Read More »NNPC to borrow $1.04bn from Afrexim for oil, gas exploration
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) says it has created over 41 million Micro, Small and Medium Enterprises (MSEMEs), employing at… Read More »41 million new MSMEs employing over 59 million Nigerians – SMEDAN
As a result of growing unemployment, communication problems, insecurity, and other issues affecting the economy, a technological firm, Emplug, has invented different applications to help… Read More »Unemployment: Emplug launches Plugbay, Emchat to help businesses, others
Kenyan High Commissioner to Nigeria, Dr Wilfred Machage has decried the stagnation of Intra-African trade by 15% in the last few years compared to the… Read More »Kenyan envoy decries stagnation of intra-African trade
Ghana High Commissioner to Nigeria, Alhaji Rashid Bawa, says the country received 7.07 million dollars in Foreign Direct Investments (FDI) from Nigeria in the first… Read More »Ghana received $7m FDI from Nigeria in six months- Envoy