Tag: Nigeria Business Now

AfDB backs Tinubu over forex rate unification

AfDB backs Tinubu over forex rate Unification  African Development Bank (AfDB) yesterday in Abuja commended the President Tinubu administration for unifying the naira exchange rate saying it would breath air of transparency into the foreign exchange (forex) market. Its President, Dr Akinwumi Adesina, spoke in Abuja at the 2nd Edition[Read More…]

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Tinubu emerges ECOWAS chairman

Tinubu emerges ECOWAS chairman President Bola Tinubu emerged as the new chairman of the Economic Community of West African States (ECOWAS). Tinubu was elected chairman at the 63rd Ordinary Session of the Authority of Heads of State and Government on Sunday in Bissau, Guinea-Bissau. President Tinubu, who is the latest[Read More…]

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Customs moves to decongest seaports

Customs moves to decongest seaports   The acting Comptroller-General of Customs, Bashir Adewale Adeniyi, has expressed his determination to immediately move to decongest Nigerian seaports. Adeniyi, who disclosed this during a meeting with the Federal Ministry of Transportation in Abuja, said that the Nigeria Customs Service (NCS) would face the[Read More…]

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AFDB approves $11m to support SMEs

AFDB approves $11m to support SMEs   The African Development Bank (AfDB) Group, at the weekend, approved an $11 million equity investment in BluePeak Private Capital Fund toward its $155 million target for final close. The investment advances AfDB’s goal of supporting mid-size firms, including in the pharmaceuticals, agribusiness, manufacturing,[Read More…]

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