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The Lagos Chamber of Commerce and Industry (LCCI) has said the recent announcement regarding the federal government’s intention to establish a National Commodity Board has the potential to bring stability to food prices in Nigeria. The director-general of LCCI, Dr. ...

The Minister of Industry, Trade and Investment, Dr. Doris Uzoka-Anite, has said the government of President Bola Tinubu has gotten commitments from foreign companies to invest close to $30 billion in Nigeria in areas ranging from steel to oil and ...

For the first time since the advent of the administration of President Bola Tinubu, the Central Bank of Nigeria (CBN) has reduced the exchange rate for calculations of Customs Duty rates from N1,515.48 to N1,472.75 to a Dollar. The reduction ...

The federal government needed no less than N2.9 trillion to subsidize electricity consumption in 2024 due to the sharp depreciation of the Naira. This is a sharp increase over the earlier projection of N1.6 trillion. The Minister of Power, Adebayo ...

Total credit to the Nigerian economy at the end of last year by the banking industry rose by 44.8 per cent year on year to N96.2 trillion according to latest credit data made available by the Central Bank of Nigeria(CBN). ...

The local equities market yesterday reversed some of the gains from the previous session as the overall capitalization lost N183 billion on selloffs in Guinness Nigeria, PZ Cussons Nigeria Plc and 28 others. The All-Share Index (ASI) lost 334.62 points, ...

On the sidelines of the semi-finals of the 2023 TotalEnergies Africa Cup of Nations (AFCON), African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com), the Confédération Africaine de Football (CAF) and the Rebranding Africa Forum (RAF) signed a charter that will ...

… AGIA-PD fund runs for 15 years and should reach its capitalization target in three years Access Multimedia Content The Board of Directors of the African Development Bank Group (www.AfDB.org) approved the proposal to take an initial stake of up ...

The Central Bank of Nigeria (CBN) has raised the exchange rate for computing Customs duties at the nation’s seaports again, making it the fourth increase in 10 days. Information obtained from the official trade portal of the Nigeria Customs Service ...

The board of directors of Access Holdings Plc has appointed Ms. Bolaji Agbede as the acting Group chief executive officer of the company following the unfortunate demise of its former Group CEO, Dr. Herbert Wigwe. The company stated this in a ...