CBN targets $12 billion in export trade by 2024 The Central Bank of Nigeria (CBN) has disclosed plans to improve its agenda to diversify the nation’s economy from the oil sector to the non-oil sector, through the launch of a set of policies, noting that it targets to achieve $12 billion in export trade by…
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Wednesday, February 5, 2020 Customs investigate $8.07m seized at Lagos airport The Nigeria Customs Service on Tuesday said it intercepted $8,065,612m (N2.92bn) at the Murtala Muhammed International Airport, Lagos….read more. FG approaches China for $17bn loans The Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan…
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Tuesday, February 4, 2020 Demurrage: Price increase looms, importers besiege SON The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on the Nigeria Customs Service trade portal, for the purpose of getting the Pre-Arrival Assessment Report, has entered the third week and the development is causing panic….read more.…
DetailsThere’s no need to bore you with the meaning of Valentine’s Day as we all know that it is a day of love; a day of romance; a day to show your loved ones how much you really love them, a day when lovers reaffirm love and genuine affection for one another through the exchange…
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CBN’s CRR adjustment triggers equities’ 28 per cent weekly loss The nation’s equities market suffered its first weekly loss in 2020 as the impact of the CBN’s hike in the Cash Reserve Ratio (CRR) by 500bps to 27.5 per cent spurred sell-off in banking stocks… read more. Domestic debt service of N607b and quests for…
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Friday, January 31, 2020 Nigeria gets $813 million from cashew export Minister of Agriculture, Sabo Nanono, yesterday, disclosed that the cashew sub-sector generated over $813million between 2015 and 2017…….read more. Senate confirms Obiora as CBN deputy governor The Senate, yesterday, confirmed the appointment of Dr. Kingsley Obiora as a Deputy Governor of the Central Bank…
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Thursday, January 30, 2020 Nigeria owes World Bank $9.81bn, says DMO The total debt owed to the World Bank Group by Nigeria rose by $1.3bn in one year to $9.81bn as of September 2019…..read more ‘N2tn pension fund for infrastructure’ll come via bonds’ The N2tn proposed to be raised from the Contributory Pensions Fund for…
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Wednesday, January 29, 2020 FG recorded N4.62tn fiscal deficit in 2019 — CBN The Federal Government recorded a fiscal deficit of N4.62tn in its operations in the 2019 fiscal period, figures obtained from the Central Bank of Nigeria have revealed…..read more. Regulators undecided about Coronavirus surveillance at Nigerian seaports As coronavirus spreads like…
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