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Category: business news
Can the naira get back its value? Former Emir Sanusi proffers solutions
A former Emir of Kano, Sanusi Lamido Sanusi, has urged the Central Bank of Nigeria, CBN, to fund the bureaux de change, BDC, across the country in order to stabilize…
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FG inaugurates committee to drive implementation of support schemes for MSMEs
Details of how qualified and targeted Nigerians can access some of the benefits under the Economic Sustainability Plan will emerge soon with the constitution of a 10-man steering committee to…
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CBN boosts Nigeria’s textile sector with N50bn
The Central Bank of Nigeria (CBN) has approved N50billion intervention fundfor the textile industry. The Bank of Industry (BoI) will administer the fund at 4.5 percent interest rate. CBN made…
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Buhari: Gold mining operations to generate $500m annually
President Muhammadu Buhari Thursday in Abuja said improved gold mining operations in the country will generate no fewer than 250,000 jobs and over $500m annually in royalties and taxes to…
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Nigeria- Ghana feud: Ghanaian government reopens Nigerian business
Over Six Hundred Shops belonging to Nigerian Traders in Ghana have been opened to business by the Ghanaian government having been under lock and key for over Six months. The…
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Airline operators seek bail out from FG
Operators of airlines in Nigeria have called on the Federal Government to assist with palliatives to help cushion the effect of the corona virus lockdown on its members and staff.…
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Buhari faults ECOWAS single currency
Nigeria’s President Muhammadu Buhari has faulted the plans by ECOWAS to introduce a single currency for the Economic Community of West African States. The Eco is the proposed name for…
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Nigeria gets World Bank $750 million electricity boost
An International Development Association World Bank credit for Nigeria’s Power Sector Recovery Operation totaling $750 million has been granted Nigeria to boost its power sector. In a statement known on…
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Amid COVID 19 hardship, Nigeria braces for fresh petrol squeeze
As economies world over are grappling with the hardship brought about by the shut down due to the corona virus pandemic, the woes of Nigerians might soon be compounded if…
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No open skies on June 21st – FG
The Federal Government has said the proposed opening of the skies and resumption of Aviation travel scheduled for June 21st is no longer feasible. It would be recalled that the…
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