CBN to clear forex obligation backlog in two weeks Nigerian businesses from manufacturers to importers, who have been on a long queue for dollars may have cause to heave a sign of relief as the Central Bank of Nigeria (CBN) has announced plans to clear foreign exchange (Forex) backlog[Read More…]
Interior Minister promises to clear all passport backlogs within two weeks The Minister of Interior, Olubunmi Tunji-Ojo, has said that all passport backlogs in Nigeria should be cleared within two weeks. Tunji-Ojo said that there is no excuse for passport delays in Nigeria and that the scarcity and delay[Read More…]
NNPP expels Kwankwaso over alleged anti-party activities …Agbo’s faction can’t speak for party, says Kwankwaso’s camp A faction of the New Nigeria Peoples Party under the leadership of Major Agbo has expelled the presidential candidate of the party, Senator Rabiu Kwankwaso, over his alleged anti-party activities and misappropriation[Read More…]
FG prepares to submit 2024 Budget in October The Ministry of Budget and Economic Planning, of the Federation has begun the preparation of the 2024 budget, which it plans to submit in October 2023. The Director-General, the Budget Office of the Federation, Dr. Ben Akabueze, said this yesterday at[Read More…]
Fidelity records PBT of N76.3bn for H1 2023 ……Declares interim dividend of 25 kobo Per Share Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A[Read More…]
IMF Sees Interest Rates Remaining High For ‘Quite Some Time’ says Gopinath Emerging markets will face a more volatile and uncertain future, and must rebuild fiscal buffers, boost revenues, diversify trade and gird for trillions of dollars in annual climate change costs, the International Monetary Fund (IMF), has said. Gita[Read More…]
Business Activity Falls Amid Record Increase In Selling Prices – Report Stanbic IBTC Bank Nigeria Purchasing Managers’ Index (PMI) report says Nigerian private sector business activity dipped into contraction midway through the third quarter of the year as severe and strengthening price pressures acted to diminish demand. According[Read More…]
Afreximbank signs MoU with UAE to promote intra African trade The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines[Read More…]
Seplat Joins N1 trillion valuation group as shares soars The indigenous oil and gas gas company, Seplat Energy Plc has joined the exclusive group of stock worth over one trillion naria. Seplat achieved this feat recently as its share price increased to N1837 per share to hit N1.08 trillion[Read More…]
Customs, NPA partners to Enhance Trade Facilitation The Acting Comptroller-General of Customs, Bashir Adewale Adeniyi has expressed commitment to enhance the output of designated export processing terminals. The Customs boss made this revelation in Abuja, when he received the Managing Director of Nigeria Ports Authority (NPA), Muhammad Bello Koko[Read More…]
