26 C
Lagos
Sunday, May 9, 2021

Business

ShopRite is Leaving Nigeria – Rumor Debunked

The "ShopRite is Leaving Nigeria" rumor which has been making rounds has been debunked by the grocery retailer giant. The Country Director for Chastex Consult, Ini Archibong, in a telephone conversation with Vanguard, said: “Shoprite is not leaving Nigeria. “We have...

Gold mining: The Impact of PAGMI, Nigeria Presidential Artisanal Gold Mining Development Initiative

Nigeria’s President Muhammadu Buhari on Thursday, july 16th received the country’s first artisanally-mined gold, ⁦produced according to international standards, to mark the launch of its Presidential Artisanal Gold Mining Development Initiative (PAGMI). PAGMI is a comprehensive artisanal and small-scale gold...

CBN to fund 1.6 million farmers this year

The Central Bank of Nigeria (CBN), has said it is prepared to fund 1.6 million farmers across the country in the 2020 wet season as it flagged off the distribution of farm inputs to cotton farmers for the 2020...

What I’ll do if I was CBN Governor – Experts

"What if the COVID-19 onslaught continues in a second wave?" "As a nation, we cannot afford to continue relying on the world for our food, education, and healthcare" "For how long shall we continue to rely on the world for anything...

NUPENG, PENGASSAN caution oil companies against sacking workers.

The national leaderships of both the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association of Nigeria have cautioned companies in the oil and gas industry against sacking workers. The unions said...

NSE capitalization gains N36bn on first day of easing lock-down

The Nigerian Stock Exchange (NSE) resumed trading for the month of May with an increase of 0.30% just as the country eased lockdown on Monday. Specifically, the All-Share Index rose by 68.85 points to close at 23,089.86 against 23,021.01 achieved...

Fiscal Transparency: 24 states get N43.4bn World Bank performance grants

The federal government says it has disbursed N43.4 billion (about $120.6 million) to 24 eligible states based on their achievements under the performance-based grant component of the World Bank-assisted States Fiscal Transparency, Accountability and Sustainability (SFTAS) programme in 2018. The...

IMF list unpopular policies CBN must reverse

The International Monetary Fund, IMF on Tuesday approved a sum of $3.4 billion via a Rapid Financial Instrument to Nigeria. The loans come at a period when countries across the world are battling with the Covid-19 pandemic and the...

CBN resumes dollar sales to SMEs, students, PTA

The Central Bank of Nigeria CBN has stated that it has resumed sales of dollars to SMEs who need foreign exchange for essential imports, and also to parents who wish to pay the fees of their children in foreign...

CBN lifts suspension on cheque clearing

The Central Bank of Nigeria (CBN) has lifted the suspension placed on cheque instruments in the Nigerian clearing system and has directed deposit money banks to attend to customers who wish to clear cheques effective from April 28, 2020. Mr...
- Advertisement -spot_img

Latest News

Investing 101 Baby Steps – Tips to Get Started

Regardless of background, the first thing that probably comes to mind when you hear the term “Investing” is a...
- Advertisement -spot_img