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MAN urges FG to prevent abuse of AfCFTA agreement

The Manufacturers Association of Nigeria has urged the Federal Government to put in place necessary measures to prevent the abuse of the signed African Continental Free Trade Area agreement. President Muhammadu Buhari signed the agreement on July 7 at the opening of the 12th Extraordinary Session of the Assembly of African Union Heads of State […]

NESG worried about rising population, unveils new corporate identity

The Nigerian Economic Summit Group (NESG) has unveiled and launched its new corporate identity, in line with its mandate of promoting and championing the reform of the Nigerian economy into an open and globally competitive one. Besides, the Group expressed worry about the country’s growing population as against the infrastructure and other social indicators. While […]

New NNPC GMD, management team assume duty today

The new Nigerian National Petroleum Corporation (NNPC) Group Managing Director, Mr. Mele Kolo Kyari, and his management team will assume duty today at the NNPC towers in Abuja. President Muhammadu Buhari had on June 20, appointed Kyari alongside seven other new Chief Operating Officers (COOs). Kyari, a geologist, was before now the Group General Manager, Crude […]

Pensions: Katsina, Imo, 19 others not remitting deductions from workers’ pay

Since the implementation of the Pension Reform Act in 2004 by the National Pension Commission, a total of 21 state governments have yet to remit pension deducted from workers’ pay. Part of the objectives of the Pension Reform Act is to ensure that every person who worked either in the public service of the federation, […]

Notore promotes agribusiness with green schools initiative

Notore Chemical Industries has announced the unveiling of its Green Schools initiative aimed at promoting agriculture as a business. While unveiling the project in Adamawa State, the Managing Director/Chief Executive Officer, Notore Power and Infrastructure, Femi Solebo, said the company was partnering secondary schools across Nigeria on the Green Schools Initiative to establish demonstrations farms […]

OPEC to meet July 1, 2 after several postponements

Major oil-producing countries meet in Vienna on July 1 and 2, the OPEC website and a delegate said Wednesday after the biannual gathering had been postponed several times. Oil producers led by Saudi Arabia are expected to decide whether to extend production cuts, with investors welcoming the news that a date has been set. The […]

CBN releases N607bn agriculture credit for 587 projects

The Central Bank of Nigeria has released a total of N607.87bn credit to selected Deposit Money Banks to disburse for 587 agricultural projects, latest figures from the CBN have shown. In its most recent economic report, the apex bank stated that the money was under its Commercial Agriculture Credit Scheme, adding that a total of […]

Edo, Bank of Industry, others brainstorm on access to finance for MSMEs

The Edo State Government and other stakeholders in the investment sector, including officials of the Bank of Industry (BoI) are finetuning modalities to ease access to finance for Small and Medium Enterprises (SMEs) in Edo State to boost productivity. Participants at Vanguard Economic Forum Series on MSMEs During a presentation on ‘Sector Opportunities and Ease […]

Executive Vice Chairman, NASENI, Prof. Mohammed Haruna

Governor Abdullahi Sani has pledged to work with the National Agency for Science and Engineering Infrastructure to add value to the solid minerals in the state. Sani made the pledge when the Executive Vice- Chairman of NASENI, Prof Mohammed Haruna, visited him on Friday, according to a statement made available to our correspondent in Abuja […]

[SPONSORED] Forex Trading – What Nigerian Investors must know

Forex trading involves the trading of currencies against each other, in pairs. For example, if you have ever been to a foreign country, you might have converted your Naira’s to the currency of the Foreign country via your Bank or Currency Changer at the current Exchange Rate. This exchange rate is decided by a marketplace […]

Domestic airlines record decline in patronage

Domestic flight operations in the first quarter of this year recorded a decline when compared with the preceding quarter as well as the same quarter in 2018, investigations have shown. Figures obtained from the Nigerian Civil Aviation Authority showed that the nine domestic airlines operating in the country, jointly operated 14, 735 flights from January […]

Foreign reserves rise by $294.99m in one month

The nation’s foreign reserves rose by $295.12m to $45.087bn as of May 27 from $44.792bn on April 26, the latest statistics from the Central Bank of Nigeria revealed. The reserves, which rose from $43.041bn on December 17, 2018, to $43.047bn as of January 9, 2019, also maintained a steady rise from $42.87bn on  March 12 […]

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