FG Approves six Companies to Import Petroleum Products The Federal Government, has granted approval to six new companies for the importation of petroleum products into Nigeria. The Managing Director of Nigeria Mainstream and Downstream Petroleum Regulatory Authority (NMDRA), Farouk Ahmed made this known on Monday, June 19, at the[Read More…]
CBN lifts cash deposit restriction on domiciliary accounts, allows $10,000 daily withdrawals The Central Bank of Nigeria has lifted it’s restrictions on domiciliary accounts while allowing account holders to make withdrawals of up to $10,000 on a daily basis. The CBN disclosed this in a press statement[Read More…]
Google for Startups announces 25 African Startups to receive $4M Black Founders Fund Google for Startups (GfS) has announced the 25 African-based startups selected for this year’s $4million Black Founders Fund. The Black Founders Fund, now in its third year, aims to help tackle systemic racial inequality in venture[Read More…]
UK adjusts trading rules for Nigeria, 65 others The United Kingdom, UK, government has significantly simplified trading rules for Nigeria, and 65 other African countries. Under the new rules the UK will remove duties on cocoa, tomatoes and other products. The move under its new post-Brexit Developing Countries[Read More…]
Okonjo-Iweala, NACCIMA President to speak on Nigeria’s opportunities at World Chambers Congress National President, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dele Oye and Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, are billed to discuss Nigeria’s business opportunities at the World Chambers Congress.[Read More…]
Development Bank commences N100b capital raising Development Bank of Nigeria (DBN) Plc at the weekend opened application for the first tranche under its N100 billion capital raising programme. DBN is seeking to raise up to N20 billion bond as the debut issuance under the N100 billion medium term note programme[Read More…]
FG restores immigration documents of Seplat boss Seplat Energy has announced that the working permit, Combined Expatriate Residence Permit and Aliens Card (CERPAC) and other visas for the entry or stay in Nigeria of the company’s Chief Executive Officer (CEO), Roger Brown have been restored by Ministry of Interior and[Read More…]
FG recommences registration for digital money lenders The Federal Government has announced the date to recommence Digital Money Lenders’ registration in Nigeria. The Executive Vice Chairman of the Federal Competition and Consumer Protection Commission [FCCPC] Babatunde Irukera disclosed this in a statement. Irukera noted that the development is coming following[Read More…]
Fuel Subsidy: NEC sets up committee to work out modalities for palliatives Following the removal of fuel Subsidy, the National Economic Council (NEC) has made moves to provide palliatives for workers and vulnerable groups in the country to curtail the impact. The Council at its inaugural meeting in Abuja[Read More…]
CBN abolishes Naira4Dollar Scheme, announces unification of FX windows The Central Bank of Nigeria (CBN) has announced the abolishment of all forex segmentation, meaning there will be a single exchange rate in the country moving forward. It was noted that Nigeria’s multiple FX segments are now collapsed into the[Read More…]
