As Nigeria continues the process of full reopening of its economy due to the lockdown over the Corona Virus (COVID-19), the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged industrial conglomerates operating in the country to support efforts aimed at growing the Nigerian economy and returning...
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has stated that the Service is a national institution of pride where tribalism and ethnic jingoism has no ground to take roots talk less of thriving.
Mr. Nami made this assertion in a statement issued on Monday by Director,...
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria.
The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on...
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of two tranches of US$485 million and EUR390.4 million.
Proceeds will be used for general corporate activities, and will strengthen the Bank's liquidity position...
The Federation Accounts Allocation Committee (FAAC), today at its meeting via Virtual Conferencing, chaired by the Permanent Secretary, Federal Ministry of Finance, Budget and National Planning, Dr. Mahmoud Isa-Dutse, shared to the three tiers of government, a total sum of N606.196 billion as federal allocation for the month of...
On May 13, 2020, the Federal High Court sitting in Abuja Judicial Division struck out the Suit filed by Hon. Ali Sani, a member of the Governing Council of Nigerian Investment Promotion Commission (NIPC) on the grounds that the Plaintiff lacked locus/ legal right to bring the Suit and...
The Federal Government has commended manufacturers and captains of industries on the sustained production of essential commodities nationwide to cushion the effects of the Covid-19 lockdown which was put in place to curtail the spread of the pandemic.
Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, who was...
The United Nations Conference on Trade and Development (UNCTAD) has commended Nigeria for taking proactive and effective action against price gouging and other anti-consumer activities during the ongoing global Coronavirus pandemic.
The global body gave the thumbs-up during its recent webinar on “Competition and Consumer Protection in Times of COVID-19”...
In furtherance to its technical support to local Manufacturers in the production of essential materials to fight the coronavirus pandemic in Nigeria, Standards Organisation of (SON) has undertaken quality assurance inspection of mass production of Barrier Masks in Abia and Rivers States.
The Abia State Office of SON has undertaken...
The Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the Federal, States, Local government areas and other statutory agencies in the first quarter of 2020.
This is amidst the growing challenges of the COVID-19 pandemic and lockdowns across the world.
A breakdown of the disbursements shows that N791.4 billion went...
