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Tag: Nigeria

The vice president of Nigeria, Prof. Yemi Osinbajo
Business

National Economic Council okays Nigeria Agenda 2050

The National Economic Council, initiated to offer economic advise to the President, has endorsed the Nigeria Agenda 2050, on Thursday, in Abuja. The 2050 agenda is target at increasing real Gross Domestic Product growth by seven percent. It also aims at creating 165 million employment and reducing the number of people living in poverty from […]

President, Major General Muhammadu Buhari (retd.) Signing a document
Business

Buhari signs business facilitation bill, five others

BuharThe President, Major General Muhammadu Buhari (retd.), has given assent to the Business Facilitation (Miscellaneous Provisions) Bill 2022 enacted by the National Assembly. This consent was given in furtherance of Section 58 (4) of the 1999 Constitution of the Federal Republic of Nigeria. To ensure the ease of doing business in Nigeria, the President sent […]

A Point of Sale machine
Business

Cashless policy: How to get PoS devices for your business

PosThe recent naira crisis experienced as a result of the redesign of the N200, N500, N1000 notes by the Central Bank of Nigeria has forced many Nigerians into cashless transactions. According to the Central Bank of Nigeria’s Governor, Godwin Emefiele, one of the reasons for this decision includes the hoarding of cash by the populace, […]

Godwin Emefiele, CBN Governor and the redesigned naira note
Banking Business

Naira redesign: CBN must follow rule of law, says NGF

The Nigeria Governors’ Forum has urged the Central Bank of Nigeria to follow the rule of law in driving its naira redesign policy. According to a report by Premium Times, the NGF made these statements in a communiqué that was released at the conclusion of its meeting on Saturday in Abuja. The statement was signed […]

Market traders selling perishable goods
Business

Naira scarcity: Abuja traders lament low patronage 

Traders in Abuja have lamented over the low patronage owing to the scarcity of naira notes. These women complained about the poor sales while speaking with the News Agency of Nigeria on Sunday in Abuja. According to NAN, most traders had no choice but to receive payment after sales through bank transfers. Also, it was […]

Peter Obi
Business

Peter Obi arrives Lagos for NESG’s dialogie

The presidential candidate of Labour Party announced his arrival to Lagos State on Monday, for the National Economic Summit Group Dialogue with Presidential Candidates. This was disclosed in the post made on his verified Twitter page on Monday. It reads “I just arrived at the venue for the NESG Dialogue with Presidential Candidates on the […]

Olamilekan-Adegbite
Business

How mining companies’ mineral titles dropped 37% – Report

A recent report has revealed how mineral titles conferred to mining companies in Nigeria dropped by 37 per cent. According to The PUNCH, a total of 2815 titles which were conferred in 2016 dropped to 1438 in 2021. In 2019, the Minister of Mines and Steel Development, Architect Olamilekan Adegbite, reported that the application for […]

Nigeria signs MoU with Egypt to promote trade
Business

Nigeria signs MoU with Egypt to promote trade

A Memorandum of Understanding has been signed by the Egyptian Competition Authority and the Federal Competition and Consumer Protection Commission to further commercial fairness between the two nations. The FCCPC and the ECA started talking about improving competition law and policy between their two organizations in 2019, however, the process got under way. According to […]

Buhari
News

TI ranks Nigeria 150 on corruption index

The Transparency International has ranked Nigeria 150 on corruption index. Following this ranking, the country still retains its last year’s point of 24 on the Corruption Perceptions Index. Although the country maintains the same score, it position moved from 154 in 2021 to 150 in 2022. This information was disseminated by the Civil Society Legislative […]

Economy featured

Imported goods stunting Nigeria’s domestic production – Presidency

Bisola David     The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should adopt a different mentality and support locally made items, particularly in the agricultural sector, to increase revenue and jobs.   The Punch reported that he said this while speaking at a one-day seminar and […]

Business featured

Nigeria, India commerce volume hit $14b in 2022

Nigeria and the Republic of India conducted $14.95 billion worth of commerce in 2022. At the 74th Republic Day of India, in Abuja, the Indian High Commissioner to Nigeria, Gangadharan Balasubramanian, revealed this. According to Balasubramanian, between 2021 and 2022, India bought ten and a half billion dollars’ worth of oil from Nigeria. According to […]

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