Trade & Investment

A World Bank report has indicated that Nigeria’s poverty level has taken a notch higher, at the backdrop of the recent economic and fiscal reforms. The key reforms include the removal of petrol subsidy and the foreign exchange market rate restructuring. The bank, however, commended the Federal Government for what …

The Chief Executive Officer of Nigerian Investment Promotion Commission (NIPC) Aisha Raimi, has expressed commitment to creating a conducive environment to foster business growth in the country. Rimi in a statement released by the commission on Tuesday, December 12, vowed to make doing business in Nigeria easier and draw in …

The World Bank has declared that despite temporal pains, economic reforms introduced by the Bola Tinubu administration are beginning to record positive impacts including macro-economic stabilization, and pro-people priorities but only an extended momentum of current reforms can propel Nigeria towards the high and inclusive path of growth. The World …

Says banks now responsible for loan recovery The Central Bank of Nigeria, CBN, has suspended application for new loans under it’s development finance intervention funds. The apex bank announced this decision in a circular to the Chief Executives of banks, signed by Ag. Director, Development Finance Department, Sa’ad Hamidu. Among other …

The Corporate Affairs Commission is set to delist 91,843 companies for failing to file their annual returns with it. In a list published on its website, the commission listed 91,843 companies for delisting (2,738 less than the 94,581 it initially published in August). This is still less than the initial …

The Minister of Industry, Trade, and Investment, Dr. Doris Nkiruka Uzoka-Anite has charged the Chief Executives of the parastatals under the Ministry to ensure that their activities are geared towards achieving the ideals and goals of the mantra of Renewned Hope of the administration of President Bola Ahmed Tinubu,GCFR She …

The Central Bank of Nigeria (CBN) has explained the reasons behind scarcity of naira notes in the country. This comes following a series of complaints by some bank customers on the scarcity of naira notes at the counters, Automated Teller Machines (ATMs), Points of Sale (PoS), and Bureaux de Change …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …

Dangote Oil Refining Company says its plant is awaiting the second shipment of barrels of crude in three weeks after it received its maiden one million barrels on Friday. The company, in a statement, said the STASCO vessel sailed to the refinery’s single-point mooring, where it was discharged into the …