Friday, October 09, 2020
World Bank backs FG on petrol subsidy removal
The World Bank said on Thursday that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis…read more
Manufacturers’ unpaid export grants hit N1.29tn
The Federal government owes exporters N1.29tn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group…read more.
World Bank backs FG on petrol subsidy removal
The World Bank said on Thursday that the removal of petrol subsidy in Nigeria was an important step amid the COVID-19 crisis. The bank, in its ‘Africa’s Pulse’ report entitled ‘Charting the road to recovery’, said countries in sub-Saharan Africa…read more.
Manufacturers’ unpaid export grants hit N1.29tn
The Federal government owes exporters N1.29tn in outstanding export expansion grant for three years. The Manufacturers Association of Nigeria Export Promotion Group made this known on Thursday during the third Annual General Meeting of the group…read more.
Belgium explores areas of economic cooperation with Nigeria
The Belgian Embassy is currently exploring new areas of cooperation, to expand the existing bilateral relations between the European country and Nigeria. The new Belgian Ambassador to Nigeria, Daniel Bertrand…read more.
Nigeria can earn $12m annually from minerals, says Chamber
The Nigeria Chamber of Mines (NCOM), has revealed that the country can earn as much as $12million yearly from the Solid Minerals sector if properly harnessed and developed…read more.
NEPC, operators seek national carrier to boost non-oil export
Consul in Lagos, Laurent Backx (left); MD/CEO, Nigeria Ports Authority, Ms Usman Bala; Belgian Ambassador to Nigeria, Daniel Bertrand; and Director, Political and Economic Affairs, Embassy of the Kingdom of Belgium in Nigeria, Stef Commers …read more.
CBN Distributes N770m Inputs, Cash to Cocoa Farmers
The Central Bank of Nigeria (CBN) has commenced the distribution of inputs and cash worth N770 million to 221 cocoa farmers in 10 cocoa producing states of Nigeria. The distribution of the items was flagged off in Akure, Ondo State capital…read more.
Transcorp Hotels Gets 3-yr Extension on Free float Compliance
The Board of Directors of Transcorp Hotels Plc has received the approval of the Council of the Nigerian Stock Exchange (NSE) to extend its free float compliance by three years to 2023…read more.
Total E&P Appoints Obi Imemba Executive Director
Total E&P Nigeria Limited has announced the appointment of Mr. Obi Imemba as the Executive Director, Port Harcourt District of the company, with effect from September 23…read more.
Onyema, Oniha highlight opportunities for investors in fixed income market
Nigerian Stock Exchange In line with its commitment to further enhance the capacity of capital market players across available asset classes, The Nigerian Stock Exchange (NSE or The Exchange) hosted a two-day webinar on a fixed income this week…read more.
Forex:Turnover in I&E reverses trend, jumps 135%
MONEY MARKET The volume of US Dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market shot up by 135 percent, month-on-month, to $1.98 billion in September from $843.97 million in August 2020…read more.
Budget 2021: Brace up for another recession — Buhari
President Muhammadu Buhari said, yesterday, that the country is heading for another recession, the second in four years. He noted, however, that the Federal Government has put in place plans to ensure rapid recovery in 2021…read more.
Unveiling Nigeria’s 2021 budget
Buhari expresses concern over poor revenue generation …Defence gets N840.56bn, largest for recurrent spending Education gets N127bn for capital expenditure. Anthony Ailemen, Kamarudeen Ogundele, James Kwen and Kelechi Ewuzie Oct 9, 2020. President Muhammadu Buhari presents the 2021 Budget …read more.
Nigeria faces another recession as growth projected to be negative in Q3 – Buhari
With Nigeria projected to record negative Gross Domestic Product (GDP) growth in the third quarter of this year, according to President Muhammadu Buhari, the country is at risk of another recession, the second in four years…read more.
FG pegs 2021 budget on $40/b oil benchmark, exchange rate of N379/$
The Federal Government of Nigeria has hinged the N13.08 trillion 2021 budget on an oil price benchmark of $40 per barrel and a daily oil production estimate of 1.86 million barrels (inclusive of Condensates of 300,000 to 400,000 barrels per day)…read more.
