Diaspora Nigerians to float N100bn Venture Capital Fund, SME Bank
Following the market-friendly reforms being introduced by President Bola Ahmed Tinubu's administration and the critical need for more foreign direct investments to stimulate domestic production in the country, a group of Nigerians based in...
CBN halts daily CRR debits on banks
Central Bank of Nigeria (CBN) on Friday announced the discontinuation of daily Cash Reserve Requirements (CRR) debits and introduced a revised mechanism.
This was announced in a circular to all banks, dated February 2, 2024...
Dangote is a blessing to Senegal, Africa-Senegalese President
President of the Republic of Senegal, His Excellency Macky Sall, has described Aliko Dangote, President of Dangote Group, as a blessing to Senegal and Africa as a whole.
He lauded the entrepreneurial and philanthropic activities...
French firm offers to acquire Multichoice for $1.7bn
A French company, Canal+, has offered to acquire South African pay-TV giant MultiChoice for around R31.7bn ($1.7bn).
In a statement issued by the Paris-based firm on Thursday, Canal+ announced that it submitted a non-binding indicative offer...
NDDC to Revive Rice Mill in Rivers to Boost Food Security
Niger Delta Development Commission, NDDC, says it will revive its 180 tonnes per day Rice Mill at Elele Alimini in Emohua Local Government Area of Rivers State, as part of its efforts to ensure...
FG Commends Dangote Cement for Vital Roles in Economic Diversification
…Minister lauds Cement Plant’s promotion of best practices
The Federal Government has commended the leading roles being played by the Dangote Group to complement government’s efforts to diversify the nation’s economy and the company’s dedication...
FG’s directive to CBN to take over crude oil sales proceeds from NNPCL is...
FG's directive to CBN to take over crude oil sales proceeds from NNPCL is not legal, undermines the operational independence of the national oil company
Without prejudice to the possibility of any good that was...
Reps Ask Nigeria Customs to Stop Smuggling of Vehicles, *Approve N5.079 trillion Revenue Target...
The House of Representatives Committee on Customs and Excise has asked the Comptroller-General of NIgeria Customs Service NCS Mr Adewale Adeniyi to stop the smuggling of vehicles through the nation's porous borders
The House also...
FG reiterates commitment to greener economy
The Federal Government has reiterated its commitment to put in place necessary polices on climate change to ensure a greener economy.
Mr Ismaila Abubakar, Permanent Secretary, Ministry of Labour and Employment said this on Wednesday...
IMF raises forecast for global growth in 2024 to 3.1%
The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year.
However, raising its expectations to 3.1 per cent from an earlier forecast of...
