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India to provide credit facilities to Nigeria,NNPC for refineries’ revamp, others

The government of India, Thursday, offered to provide credit facilities to Nigeria and the Nigerian National Petroleum Corporation, NNPC, to finance the revamp construction and maintenance of the country’s refineries and other infrastructure development project. According to a statement by the NNPC, Indian High Commissioner to Nigeria, His Excellency Abhay Thakur, stated this in Abuja, […]

Prof. Adesugba calls for effective representation from Kogi Assembly members

By Lubem Gena,  Abuja A Vice President at the Abuja Chamber of Commerce and Industry (ACCI) in charge Information and Communication Technology (ICT), Prof. Adesoji Adesugba has made a call for effective representation from members of the Kogi State House of Assembly.   Prof. Adesugba who is also the Provost of the ACCI Business Entrepreneurial […]

Nigeria needs radical industrialisation, NECA tells FG

The Nigeria Employers’ Consultative Association has urged the Federal Government to reassess its strategies and tailor its policies and reforms towards a radical industrialisation of the country. The Director-General, NECA, Mr Timothy Olawale, made this call on Monday in statement released in Lagos, a copy of which was made available to our correspondent. He said […]

NCC remits N51.3bn to FG in three months

The Nigerian Communications Commission says it remitted N51.3bn to the Consolidated Revenue Fund of the Federal Government in the first quarter of 2019. The remittance, according to the Executive Vice-Chairman, NCC, Prof. Umar Danbatta, is in compliance with the Fiscal Responsibility Act of 2007 (FRA 2007). The Act requires listed Ministries, Departments and Agencies to […]

NNPC awards crude-for-fuel swap contracts

The Nigerian National Petroleum Corporation has issued award letters for contracts to exchange crude oil for imported petroleum products, Reuters quoted sources familiar with the matter as saying. A total of 15 groupings, with at least 34 companies in total, received award letters, four sources with knowledge of the deals were quoted as saying.  The […]

Value of electronic payment transactions rise in H1’19

The volume and value of electronic payment transactions rose in the first half of 2019 (H1’19) as Nigeria Interbank Settlement System (NIBSS) Instant Payment (NIP) recorded the highest transactions with N7.9 trillion during the period. Vanguard analysis of NIBSS’ e-payment transaction data for June 2019 showed that year-on-year (YoY),  the volume of NIP transactions rose […]

Breaking: Nigeria’s inflation rate drops

The NBS said that the consumer price index, (CPI) which measures inflation increased by 11.22 per cent (year-on-year) in June 2019. It said this was as a result of a 0.18 per cent points lower than the rate recorded in May 2019 (11.40) per cent. According to it, “Increases were recorded in all COICOP divisions […]

We’ll create millionaires out of Nigerian farmers –Aliyu, NIRSAL CEO

Abdulhameed Aliyu, the Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), is working assiduously not only to guarantee food sufficiency in Nigeria but to also create a robust export base for agricultural products and to enrich the farmers. To this end, his agency, a creation of the Central Bank of […]

Govts, oil firms, manufacturers borrow N8.24tn from banks

The oil and gas sector, governments and manufacturers account for the large chunk of loans from Nigerian banks as of the end of March this year, NIKE POPOOLA reports The total loans given to the oil and gas, manufacturing sectors and governments by banks in the country stood at N8.24tn at the end of March. […]

NEPC highlights ways SMEs can export through Internet

The Nigerian Export Promotion Council has said although finance impedes the ability of Small and Medium Enterprises to access the global market, they can do this through digital marketing. It described digital marketing as selling products to the outside world with the aid of e-platforms, adding that the method did not require huge finance. According […]

No plan to increase fuel price –NNPC

The Nigerian National Petroleum Corporation on Thursday advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol. It explained that the statement of the corporation’s Group Managing Director, Mele Kyari, at the National Assembly on Wednesday did […]

Access Bank moves to ease access to CBN’s creative sector loans

Access Bank Plc has organised a sensitisation programme for players in the creative industry with a view to make access to the CBN Creative Sector Intervention Fund, CIFI, more seamless. The Central Bank of Nigeria, CBN, recently rolled out the CIFI as part of its efforts to open up the creative sector and improve its […]

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