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Business

FG rallies capital market to bridge Nigeria’s $3tr infrastructure gap

FG rallies capital market to bridge Nigeria’s $3tr infrastructure gap • As indices dip by N7b amid losses in 19 stocks The Vice President, Kashim Shettima has called for active involvement of capital market stakeholder in bridging Nigeria’s $3 trillion infrastructure deficit. Besides, Shettima also urged various exchanges to develop[Read More…]

October 26, 2023 by Eberechi Constance Comments are Disabled

Business

Fidelity Bank boosts Nigeria’s Non-oil Exports with FITCC Houston

Fidelity Bank boosts Nigeria’s Non-oil Exports with FITCC Houston …Signs $40million deal with AFREXIM Bank and JohnVents Industries for cocoa export The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial[Read More…]

October 26, 2023 by Eberechi Constance Comments are Disabled

Business

Afreximbank, Cexim sign $600m deal to boost China-Africa trade

Afreximbank, Cexim sign $600m deal to boost China-Africa trade The African Export-Import Bank (Afreximbank) and the Export-Import Bank of China (CEXIM) have inked a historic $600m loan deal to enhance trade and economic cooperation between Afreximbank member states and China. The agreement was overseen by the President of CEXIM, ShengjunRen,[Read More…]

October 25, 2023 by Eberechi Constance Comments are Disabled

Business

NESG moves to strengthen institutional framework for economic growth

NESG moves to strengthen institutional framework for economic growth The Nigeria Economic Summit Group (NESG) has established a centre for legislative reforms and economic development in its bid to build synergy between the public and the private sector. Speaking at the launch of the initiative at the ongoing NESG[Read More…]

October 25, 2023 by Eberechi Constance Comments are Disabled

Business

City of Houston, Texas, USA proclaims October 25 as FITCC Day

City of Houston, Texas, USA proclaims October 25 as FITCC Day In recognition of Fidelity Bank Plc’s commitment to fostering bilateral trade and economic development between the city of Houston, Texas and Nigeria, the City of Houston has designated October 25 as “Fidelity International Trade and Creative Connect Day”.[Read More…]

October 25, 2023 by Eberechi Constance Comments are Disabled

Business

NCDMB, SON lead FG’s EO1 compliance report

NCDMB, SON lead FG’s EO1 compliance report The Presidential Enabling Business Environment Council (PEBEC) has released its 2023 Biannual Executive Order 001 (EO1) Compliance Report, showing Nigerian Content Development and Monitoring Board (NCDMB), Standards Organisation of Nigeria (SON), and the Nigeria Agricultural Quarantine Service (NAQS) emerged as the top[Read More…]

October 25, 2023 by Eberechi Constance Comments are Disabled

Business

Petroleum institute completes modular refinery, to commercialise output

Petroleum institute completes modular refinery, to commercialise output The Petroleum Training Institute, an agency of the Federal Ministry of Petroleum Resources, has announced the completion of its modular refinery with a target to scale up its capacity for commercial purposes. PTI, located in Effurun, Delta State, also stated that[Read More…]

October 25, 2023 by Eberechi Constance Comments are Disabled

Business

Daily petrol consumption drops to 44.3 litres -NMDPRA

Daily petrol consumption drops to 44.3 litres -NMDPRA Domestic consumption of Premium Motor Spirit (PMS) or petrol in the country has recorded a significant drop after the deregulation occasioned by fuel subsidy removal. According to the Chief Executive Officer, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed,[Read More…]

October 24, 2023 by Eberechi Constance Comments are Disabled

Business

NNPCL confirms Warri refinery fire incident

NNPCL confirms Warri refinery fire incident The Nigerian National Petroleum Company Limited, on Friday, confirmed a fire incident at the Warri Refinery and Petrochemical Company Limited. It, however, stated that the fire was contained, adding that the incident would not affect the ongoing rehabilitation of the refinery. The national oil[Read More…]

October 21, 2023 by Eberechi Constance Comments are Disabled

Business

MABISCO shuts down operation

MABISCO shuts down operation The owners of major indigenous biscuits company in Nigeria, Mayor Biscuits Company Limited, says they will sell the multi-million-dollar biscuits plant to reinvest the proceeds into a new line of business. In a statement signed by the Finance Director of the company, Segun Matthew, prior to[Read More…]

October 21, 2023 by Eberechi Constance Comments are Disabled