The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), has reiterated the need to follow due process and ensure that all discussions around the adjustment of the minimum wage are based on a comprehensive understanding of the ...
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Feed SubscriptionAFEX Drives Pension Investment In Commodities Sector
A private commodities exchange in Nigeria, AFEX, is driving pension investment in the commodities sector by hosting an executive roundtable discussion for stakeholders in the pension industry. The discussion was meant to expand market participation in the commodities sector by ...
Read More »CBN, NDIC Collaborate To Deepen Deposit Insurance Knowledge, Boost Banking System Resilience
Lawmakers and officials from the Nigeria Deposit Insurance Corporation (NDIC) on Saturday gathered in Abuja for a retreat aimed at strengthening the legislative framework for deposit insurance and ensuring the continued stability of the Nigerian banking system. The retreat, themed ...
Read More »Int’l Money Transfer Firms Stop Forex Remittance Payments, Opt For Naira
Following the directive of the Central Bank of Nigeria (CBN) barring international money transfer operators (IMTOs) from paying Nigerians in foreign currencies, Nigerians abroad will no longer be able to send dollars or foreign currencies into bank accounts in the ...
Read More »Again, CBN Increases Customs Duty On Cargo Clearance By ₦4
The Central Bank of Nigeria (CBN) has, for the third time this year, increased the exchange rate for calculating customs duties at the nation’s seaports from ₦1,413.62/$ to ₦1,417.635/$. With the upward review, Nigerians will pay more to clear their ...
Read More »NNPCL, CBN Partner To Deepen Relationship, Guarantee Seamless Commercial Operation
The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, have reviewed the decision of the oil company to domicile a significant portion ...
Read More »BoI Disburses N200bn To Support Businesses
The Bank of Industry (BoI) is set to execute the three funds totaling N200 billion created by the federal government, through the Federal Ministry of Industry, Trade, and Investment (FMITI), to support businesses across Nigeria. The Funds are: The Presidential ...
Read More »Senate Summons Economic Team Over Hardship
…Finance minister defends economy under Tinubu …PDP, Labour Party blast APC for politicising hardship …FG tackles food crisis as Northern elders protest inflation rate The Senate has summoned the economic team of President Bola Ahmed Tinubu over Nigeria’s poor economy, ...
Read More »ALSCON Decay: A Wake-up Call For Government Action
Everyone who has been following proceedings in the public space with special regard to the privatization of the Aluminum Smelter Company of Nigeria (ALSCON) would agree that the legal squabbles over the soul of the moribund national asset ought to ...
Read More »Cadbury Nigeria Records 4,228% Increase In Operating Profit
Cadbury Nigeria Plc has announced an operating profit growth of 4,228 per cent for the full year ended December 31, 2023. The company’s unaudited financial statements released to the investing public on the Nigerian Exchange revealed that operating profit for the ...
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