Coronavirus puts flawed electricity tariff hike to test
Nigeria’s electricity supply industry faces yet another regulatory summersault, as the National Assembly, on Monday, toppled plans to increase cost of electricity supply by as much as 50 per cent.
Rising COVID-19 cases may induce more hardships, FG warns
The Federal Government has raised the alarm that Nigeria risks further economic stagnation economic on account of the rising COVID-19 infections nationwide.
Whistleblower: FG pays for funds recovered not mere exposure – Malami
The Office of the Attorney-General of the Federation and Minister of Justice only pays whistleblowers after successful...
High cost of governance benefitting few, Ndume insists
Chairman of the Senate Committee on Army, Senator Ali Ndume, yesterday said Vice President Yemi Osinbajo and a former governor of the Central Bank of Nigeria
Recession: CBN unveils plans for non-interest loan in ABP, others
...Targets N432 billion for 2020 wet season To avert another round of recession in the country, the Central Bank of Nigeria (CBN), has unveiled plans for a framework for the integration of non-interest window in all its intervention programmes, particularly the Anchor Borrowers’ Programme (ABP) and the Targeted Credit Facility (TCF). The Bank also plans…
Shippers’ Council seeks CBN’s intervention to realise N7tr maritime potential
FG unveils task force on full implementation of GIFMIS The Nigerian Shippers Council (NCS) has appealed to the Central Bank of Nigeria (CBN) to intervene in infrastructure development of the nation’s maritime sector to enable the country to realise its economic diversification potential. Executive Secretary of NCS, Hassan Bello, explained that the maritime sector, which…
Stimulating agro-industrial investments, productivity with monetary policies
While commending the past and recent initiatives, agricultural and industrial stakeholders have called on the Federal Government, through the Central Bank of Nigeria (CBN), to consider more downward reviews of interest rates in the country to stimulate borrowing and investments in the agro-allied sectors.
GBfoods completes N20 billion tomato processing factory in Kebbi
GBfoods, a global leader in culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri recently built a 20 billion naira Tomato processing factory, in Kebbi State. The factory is the second largest in Nigeria and the only fully backward integrated plant in ECOWAS. It…
Nigeria’s Fintechs project $543 million revenue growth in two
The number of fintech companies in Africa grew at a yearly rate of 24 per cent between 2009 and 2019, fuelled mostly by Nigeria, Kenya and South Africa. This is even as is projected that Fintech revenues in Nigeria will grow from $153million in 2017 to $543million...