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The Deputy Consul-General of Germany in Lagos, Mr. Alexander Ernst, has commended Rite Foods Limited for its efforts in preserving the Lagos' natural environment. Rites Fooods has been involved in the cleaning of the Lagos beaches where polyethylene terephthalate (PET) bottles and other plastics are cleared for a healthy environment and recycling purposes, eliciting commendation…
August 10, 2021
Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor…
August 9, 2021
$11.17bn For Coastal Rail Projects The Federal Executive Council (FEC), on Wednesday has approved the sum of $1.4 billion for the rehabilitation of Warri and Kaduna refineries. The FEC also approved the sum of $11.17bn for rail projects that will link the coastal cities across the country by rail. These projects were approved during the FEC meeting…
August 4, 2021
Director-General, Small and Medium Enterprises Development Agency (SMEDAN), Dr Dikko Umaru-Radda, on Tuesday said the sub-sector had provided over 41 million businesses and 59 million employment opportunities in Nigeria. Umaru-Radda said this at the opening ceremony of 2021 Micro, Small and Medium Enterprises (MSMEs) Opportunity Fair in Kano, with the theme”MSMEs: Key to an Inclusive…
August 4, 2021
Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau De Change (BDCs) operators and instead released a total of $200 million to all commercial banks operating in the country. The CBN's release is part of the effort to mitigate…
July 28, 2021
Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
President Muhammadu Buhari, on Monday has signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, made this disclosure during a press briefing at the Presidential Villa, Abuja. El-Yakub stated that the supplementary budget will be primarily used to…
July 26, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
The Federal Government has inaugurated the governing board of the Nigeria Extractive Industries Transparency Initiative to enhance the smooth running of its administration. Secretary to the Government of the Federation, Boss Mustapha, who performed the inauguration on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members was based on individual merits…
July 22, 2021
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The Deputy Consul-General of Germany in Lagos, Mr. Alexander Ernst, has commended Rite Foods Limited for its efforts in preserving the Lagos' natural environment. Rites Fooods has been involved in the cleaning of the Lagos beaches where polyethylene terephthalate (PET) bottles and other plastics are cleared for a healthy environment and recycling purposes, eliciting commendation…
August 10, 2021
Vice President Yemi Osinbajo says the African Development Bank (AfDB) has agreed to support Micro Small and Medium Enterprises(MSMEs), especially technology-based ones with 500 million dollars in Nigeria. Osinbajo disclosed this on Sunday at the 33rd Inaugural Lecture of Babcock University, Ilishan Remo, Ogun. The institution’s 33rd Inaugural Lecture was delivered by Oluseyi Oduyoye, Professor…
August 9, 2021
$11.17bn For Coastal Rail Projects The Federal Executive Council (FEC), on Wednesday has approved the sum of $1.4 billion for the rehabilitation of Warri and Kaduna refineries. The FEC also approved the sum of $11.17bn for rail projects that will link the coastal cities across the country by rail. These projects were approved during the FEC meeting…
August 4, 2021
Director-General, Small and Medium Enterprises Development Agency (SMEDAN), Dr Dikko Umaru-Radda, on Tuesday said the sub-sector had provided over 41 million businesses and 59 million employment opportunities in Nigeria. Umaru-Radda said this at the opening ceremony of 2021 Micro, Small and Medium Enterprises (MSMEs) Opportunity Fair in Kano, with the theme”MSMEs: Key to an Inclusive…
August 4, 2021
Naira Slides... Financial experts in the country have been reacting to the Central Bank of Nigeria (CBN) decision, banning the sales of forex to Bureau De Change (BDCs) operators and instead released a total of $200 million to all commercial banks operating in the country. The CBN's release is part of the effort to mitigate…
July 28, 2021
Halts Issuance of License To BDCs Retains Lending Rate The Central Bank of Nigeria (CBN) has banned the sale of foreign exchange (Forex) to Bureau De Change (BDCs) operators in a major clampdown on their operations in the country. CBN Governor, Mr Godwin Emefiele, while announcing this on Tuesday hinged the decision on the discovery…
July 27, 2021
President Muhammadu Buhari, on Monday has signed the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. The Senior Special Assistant to the President on National Assembly Matters, (House of Representatives), Umar El-Yakub, made this disclosure during a press briefing at the Presidential Villa, Abuja. El-Yakub stated that the supplementary budget will be primarily used to…
July 26, 2021
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
July 24, 2021
The Federal Government has inaugurated the governing board of the Nigeria Extractive Industries Transparency Initiative to enhance the smooth running of its administration. Secretary to the Government of the Federation, Boss Mustapha, who performed the inauguration on Thursday in Abuja, congratulated the members, saying their appointment as NEITI board members was based on individual merits…
July 22, 2021
