NSDC, Abuja Chamber of Commerce Collaborate on Sugar Investment Drive
Oluwakemi Kindness The National Sugar Development Council (NSDC) is partnering with the Abuja Chamber of Commerce and Industry (ACCI) to seek potential collaborations that can add value to the Council’s search for serious investments into the sugar subsector. Discussions on the pact commenced with the visit of ACCI leadership led by Emeka Obegolu, SAN, to […]
Expert Tips: Flexible Income Ideas for Students to Earn While Studying
Writing by Julian Adetinuyo Experts often recommend that students focus on flexible income opportunities that align with their class schedules. This will help them become proactive and resourceful in making income while in school. By leveraging skills, networks, and available resources, students can successfully earn extra income to support themselves during their studies, while also […]
Minister advocate for more investment to fast-track economic growth
The Minister of Budget and Economic Planning, Senator Atiku Bagudu, has highlighted the disparity between Nigeria’s federal budget and those of other populous nations such as Indonesia and Brazil, emphasizing the urgent need for increased investment. Speaking at the launch of ActionAid Nigeria’s Country Strategy Paper (CSP), themed “Citizens’ Action Against Poverty and Injustice (2024-2034),” […]
CBN Reaffirms Commitment to Provide Liquidity Support to FX Markets
The Central Bank of Nigeria (CBN) has offered eight hundred and seventy six million dollars to fulfil bids submitted by customers at an auction concluded on Wednesday, August 7, 2024. This is the latest testament to the CBN’s ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary. […]
CBN Approves Unity Bank Plc and Providus Bank Merger
The Central Bank of Nigeria (CBN) has announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. This strategic move the bank said is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The apex bank, in a statement […]
Federal Government Bond Raised 4.13tn In The First Half
The Federal Government has raised about N4.13tn from bonds in the first half of 2024. This was revealed in the FMDQ Exchange Financial Markets Monthly Report for June this year. Value of new issuance of FBN bonds for June, which was N297.01bn, was the lowest in six months and the highest was N1.49tn in February. […]
SENATE SAYS ITS EMERGENCY MEETING WITH THE ECONOMIC TEAM OF PRESIDENT BOLA TINUBU IS TO ASSESS THE ECONOMY AND LEVEL OF IMPLEMENTATION OF THE 2024 BUDGET.
Senate says its emergency meeting with the economic team of President Bola Tinubu is to assess the level of implementation of the 2024 budget and how it impacts on the lives of the common Nigerians. In his remarks at the meeting ,Senate Committee chairman of Finance Senator Sani Musa said the although the committee is […]
CENTRAL BANK COMMENCE SALES OF FOREX TO BUREAU DE CHANGE
Central Bank of Nigeria has commenced sales of forex to Bureau De Change operators after a four-month hiatus, newsmen have reported . This was after the apex bank confirmed forex sales of $122.67m to 46 authorized dealers on Friday. A statement signed by the Bank’s Director in charge of Financial Markets, Dr Omolara Duke, said […]
HOUSE OF REPRESENTATIVE TO EMBARK ON INTENSIVE OVERSIGHT ON AGENCIES IN CHARGE OF AMAC
House of Representatives Committee on the Federal Capital Territory (FCT) Area Councils and Ancillary Matters, has expressed its decision to embark on intensive oversight on agencies in charge of all Area Councils in the nation’s capital. This, the Committee said, is due to the refusal of some of the agencies to honour its summons to […]