The Commerce Africa African Reneissance
The Central Bank of Nigeria has said it is satisfied with the positive response of the banking public to the Naira redesigning policy through increased currency deposits across banks and other financial institutions. The CBN said it remains committed to the seamless implementation of the initiative to ensure theachievement of …
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November, 2022
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14 November
CAC Wins NASME Awards For Excellence In Corporate Governance
The Corporate Affairs Commission (CAC) has emerged as the winner of this year’s NASME Award for excellence in corporate governance and regulation. The CAC added another feather to its cap during the Nigerian Association of Small and Medium Enterprises (NASME) 25th Anniversary Lecture and Award Night held in Uyo, Akwa …
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13 November
SEC Urges Shareholders to Uphold High Ethical Standards
The Securities and Exchange Commission has implored Shareholders to continue to uphold high ethical standards and promote new strategies to strengthen accountability amongst market participants in the Nigerian Capital Market. The advise was given by the Director General of the SEC, Mr. Lamido Yuguda during the 2022 edition of the …
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13 November
Insecurity delaying 700MW Zungeru hydropower project
The Federal Government, said that the six power substations nearing completion in various locations in the Federal Capital Territory would boost electricity transmission by over 1,000 megawatts. It also stated that the 700 megawatts Zungeru Hydropower Project in Niger State would have been completed since January this year but was …
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13 November
Name, Shame Those Attacking INEC Offices, SERAP Tells Buhari
The Socio-Economic Rights and Accountability Project has urged the President, Major General Muhammadu Buhari (retd.), to “urgently direct the Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN, and appropriate law enforcement agencies to identify and arrest the perpetrators and sponsors of attacks on the offices of …
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13 November
BUA Foods Q3 revenue rises to N289bn
Bua Foods has said its revenue rose by 20.2 per cent to N289.8bn as of the end of the first nine months of 2022. Despite the challenges in the economy, the fast-moving consumer goods company’s revenue rose from N221.7bn recorded in the corresponding period of 2021 as shown in its …
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13 November
Naira Redesign Policy Throws ISWAP Into Confusion
A Boko Haram splinter group, Islamic State West African Province has ordered farmers and fishermen in the Lake Chad region to stop transacting in naira. The move by the terror group was a result of the announcement by the Central Bank of Nigeria to redesign N200, N500 and N1000 notes. …
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13 November
Afreximbank to bridge $250bn climate financing gap
African Export-Import Bank (Afreximbank) has pledged to support Africa to bridge the $250 billion climate finance gap in collaboration with other African financial institutions.Speaking at the ongoing COP27 Conference hosted by the Arab Republic of Egypt in Sharm El Sheikh, Denys Denya Afreximbank’s Executive Vice President – Finance, Administration & …
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11 November
FG disburses N785m to 10m MSMEs
The Minister of Industry, Trade and Investment, Richard Adebayo, has said that the Federal Government, in its efforts to create the right environment for Micro, Small and Medium Enterprises to thrive, has disbursed N785 billion through the Bank of Industry to over 10 million MSMEs from 2019 to July 2022. …
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11 November
Obaseki allocates 35,000 hectares for industrial housing projects
The Edo State Governor, Mr. Godwin Obaseki, has said his administration has made available 35,000 hectares of land for housing and industrial development projects in various towns and cities across the State. Obaseki said this when he received executive members of the Nigerian Institution of Estate Surveyors and Valuers, led …
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