EFCC Arrests Emefiele After His Release by DSS Former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has been arrested by the Economic and Financial Crimes Commission (EFCC). Emefiele is currently being detained at the EFCC Headquarters in Abuja. He was picked up by operatives of the commission hours[Read More…]
Microsoft to empower 10m SMEs with digital tools Microsoft Corporation said it will empower ten million small and medium enterprises by 2025. The President of Microsoft Africa, Lillian Barnard, disclosed this during a press conference in Lagos. Barnard said the tech giant will equip SMEs with essential tools, infrastructure, and[Read More…]
Nigeria Is Expecting $10bn FX Inflows in coming weeks, Says Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said Nigeria is expecting a foreign exchange inflow of #10bn in the coming weeks. The Minister made the remark on Monday when he spoke[Read More…]
Nigeria’s $5bn gas earnings too low, says Shettima The Vice President, Senator Kashim Shettima, on Thursday, said Nigeria earns about $5bn from gas, but described it as too low, particularly when compared to what Egypt earns from the same commodity despite having a far lower gas reserves. Shettima, who[Read More…]
FG issues 94 import licences to oil marketers The Federal Government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority, said it has issued a total of 94 importation licences to oil marketers. Chief Executive, NMDPRA, Farouk Ahmed, disclosed this at the opening session of the ongoing 17th Oil Trading[Read More…]
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…]
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…]
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…]
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…]
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…]
