CBN slashes Customs FX duty rate by 5.3% as naira stabilies The Central Bank of Nigeria (CBN) has further slashed the exchange rate for computing Customs duties at the nation’s seaports by 5.3 percent following the stability in the exchange rate of naira to the dollar. The Customs FX duty[Read More…]
Lagos vows to enforce monthly rental policy The Lagos State government through its Special Adviser to the governor on Housing, Barakat Odunuga-Bakare, has said that the state’s monthly rental scheme will be enforced before the end of 2024 or early next year. Odunuga-Bakare who stated this during a press[Read More…]
Access Bank to Empower over 700,000 MSMEs with N50bn Loans Access Bank, Nigeria’s largest bank by customer base has launched a “YouThrive” initiative which aims to empower 700,000 MSMEs in the country through a N50 billion loan. Deputy Managing Director, Access Bank, Victor Etuokwu made the announcement during a[Read More…]
Sterling Bank, EAS To Grow FX Earnings For Nigerian SMEs. Sterling Bank Ltd., Nigeria’s leading commercial bank, has proudly announced a strategic partnership with Export And Sell Nigeria Limited (EAS), a leading international trade consultancy, to organize the “Export to Wealth” conference. In a release on Monday, the company[Read More…]
SERAP sues Tinubu over alleged missing $3.4bn IMF loan Socio-Economic Rights and Accountability Project has filed a lawsuit against President Bola Tinubu over “the failure to probe the grim allegations that $3.4 billion loan obtained by Nigeria from the International Monetary Fund to finance the budget and respond to COVID-19[Read More…]
FG to launch $350 billion global outsourcing market for youth employment The Nigerian government is set to launch the Outsource to Nigeria Initiative (OTNI) to engage with the global outsourcing market, which has grossed nearly $350 billion to unlock huge employment prospects for its burgeoning youth population. The[Read More…]
EnjoyCorp acquires champion breweries plc from Heineken EnjoyCorp Limited, a holding company specializing in food, beverage, and hospitality brands has acquired Champion Breweries Plc. Champion Breweries Plc in a statement signed on Thursday by its Chairman, Imo-Abasi Jacob, said EnjoyCorp Limited reached an agreement with Heineken B.V to acquire[Read More…]
Ecobank Group Secures Prestigious Title of Best Bank for SMEs in Africa 2024 by Global Finance … Nigerian Affiliate wins Best FX Bank in the country Ecobank, the leading pan-African Banking Group, proudly announces that it has won the esteemed Best Bank for SMEs in Africa 2024 award[Read More…]
SMEDAN Launches ‘SELECT’ Documents To Promote Top Quality Made-In-Nigeria Products The Small and Medium Enterprises Development Agency (SMEDAN) has launched the ‘SELECT’ documents which is aimed at enhancing the visibility and marketability of made-in-Nigeria products. According to the company, SMEDAN SELECT program is deliberately designed to promote top-quality Made-in-Nigeria products[Read More…]
Hunger Crisis: Nigerian Red Cross Society, Ecobank Nigeria Join Forces For Critical Intervention The Nigerian Red Cross Society (NRCS) and Ecobank Nigeria have joined forces in a groundbreaking partnership aimed at tackling the severe hunger crisis ravaging Nigeria. The launch event, held at the Exclusive Serene Hotel[Read More…]
