Archives for MONEY MARKET - Page 163
World Bank rejects call for debt cancellation for Africa
The World Bank Group yesterday rejected request by African heads of state for cancellation of their countries’ debts, saying the world has moved past that line of action. World Bank…
Govt revenue from drink makers rises to N23bn – NBS
The Company Income Tax paid by breweries, bottling and beverages companies rose by per cent in the first quarter of the year, a report by the National Bureau of Statistics…
Youth Entrepreneurs The Key To Economic Revival ~ACCI
By Ngozi Onyeakusi------The president, Abuja Chamber of Commerce and Industry (ACCI), Al-Mujtaba Abubakar has affirmed that for Nigeria to grow sustainably, the potential of youth entrepreneurs should be tapped by…
Ecobank Collaborates Lagos State Employment Trust Fund to support MSMEs
Ecobank Nigeria and the Lagos State Employment Trust Fund (LSETF) have reached a strategic collaboration to reduce unemployment in the state through the promotion of entrepreneurship and capacity development for…
Nigeria, others to receive fresh $150b from World Bank
President Buhari The World Bank has revealed a spending plan of $150 billion to support Africa in the next five years. Speaking at the Summit on Financing African Economies on…
FG recovers $1bn through beneficial ownership data
The Federal Government yesterday disclosed that 70 per cent of corruption cases are perpetrated by persons who use anonymous companies and that over $1 billion has been recovered by governments…
Inflation reduces by 0.05% in April — NBS
The National Bureau of Statistics (NBS), says the inflation rate reduced by per cent in April compared to what obtained in March.’ It said while the inflation rate stood at…
N120b petrol subsidy to double as CBN adjusts exchange rate
As the Central Bank of Nigeria (CBN) signals a subtle harmonisation of exchange rates with the removal of N379/$1 official rate from its website, all is set for labour unions…
$1.24bn spent on food imports despite FG’s forex ban
Food products imports gobbled up $ of the foreign exchange supplied by the Central Bank of Nigeria from October 2020 to March 2021 despite the ban directive from the President,…
Free Zones Reform: Investors Threatens Divestment
Leading investors in Nigerian Free Trade Zones have threatened to commence divestment from the zones and have called on the board of Nigeria Export Processing Zones Authority(NEPZA) to summon a…
