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Union Bank Unveils UnionPro To Boost Local Trade and Commerce

As part of efforts to boost trade and commerce in Nigeria, Union Bank has unveiled UnionPro, a proposition designed to provide tailored financial services and solutions to supermarkets and large retail chain stores. With UnionPro, large retailers can now access a single platform offering a wide bouquet of solutions to enrich their businesses and optimise […]

BUA, Axens Commence Construction Of 200,000bpd Refinery Project

BUA Group and Axens, a France-based petroleum technology company, has confirmed progress in the construction of BUA’s 200,000 barrels per day (BPD) refinery and petrochemical plant in Akwa Ibom state. This is coming six months after both firms signed an agreement for the supply of process technologies and the design of the facility. In affirming […]

BDCs Urges CBN Introduce Measures For Diaspora Remittance Inflow To Counter Cryptocurrency

Association of Bureaux De Change Operators of Nigeria (ABCON) has called on the Central Bank of Nigeria (CBN) to introduce measures that will counter the advantages of cryptocurrencies exchanges as a channel for diaspora remittances. The association made the call in its quarterly economic review for Q1’2021, saying such measures are necessary to redirect diaspora […]

‘N75bn Youth Fund Disbursement in Phases’

The Ministry of Youth and Sports Development has said the disbursement of the Nigeria Youth Investment Fund is being done in phases. A statement signed by the Director of Press on Monday explained that the ministry had received over three million applications for the initial N12.5bn made available. It said at the current cap of […]

Abuja Chamber of Commerce Wants Presidential Commission on Cryptocurrency

 April 16, 2021 The Abuja Chamber of Commerce and Industry (ACCI) has lamented the absence of well defined policy on cryptocurrency in the country’s money market sector. The body noted with dismay that it is “not oblivious of the policy gap that currently exists on the subject. As noted by the Vice President, Prof Yemi […]

Cryptocurrency Policy Brief: ACCI Calls for Presidential Commission

The Abuja Chamber of Commerce and Industry notes recent development in the digital and Cryptocurrency currency space within Nigeria and internationally. We are aware of the recent controversy on the subject, leading to the Central Bank directives to bank’s and financial institutions. We are also not oblivious of the policy gap that currently exists on […]

Continued Lack Of Access To Vaccine will reduce Africa’s Economic Growth Compared To Rest Of World – IMF

The International Monetary Fund (IMF) has stated that a continued lack of access to vaccines will see Africa’s projected growth at 3.4% compared to the rest of the world at 6%. The IMF disclosed this in its Regional Economic Outlook for Sub-Saharan Africa, April 2021, which was published on Thursday. READ ALSO: Covid To Pushing 30 million […]

ACCI Women Pledge to Take-up Opportunities Presented by AfCFTA – 5 women owned businesses get free coaching for AfCFTA market

The ACCI women committee has pledged its commitment to taking up global opportunities including those presented with the full take-off of the African Continental Free Trade Area (AfCFTA). This was made known on Wednesday the 14th of April 2021 at the first ACCI Women in Business meeting, held at the Abuja Trade and convention center. […]

Forex Crisis putting Investments, Jobs at Risk, says LCCI

 The difficulties faced by many investors in Nigeria in accessing foreign exchange for importation of raw materials, equipment and some critical inputs for production and processing is putting investments and jobs at risk, the Lagos Chamber of Commerce and Industry has said. The President, LCCI, Mrs Toki Mabogunje, said on Wednesday that the chamber was […]

Inflation: LCCI Urges FG To Address The Supply Challenges Of The Economy

The Lagos Chamber of Commerce and Industry (LCCI) urged the Federal Government to address issues affecting the supply side of the Nigerian economy to deal with the rising inflation. This was disclosed by Dr Muda Yusuf, Director-General, LCCI, on Thursday in Lagos after the National Bureau of Statistic released inflation data for March 2021. The LCCI boss […]

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