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The German Corporation Agency has announced plans to develop about 5,000 businesses in the leather and garment industries in Aba, the commercial hub of Abia State. Mr Yakubu Paiko, Access to Finance Advisor for GIZ, disclosed this in an interview...
The Brazilian Trade and Investment Promotion Agency (ApexBrasil) says it was convinced that there were currently new business opportunities for Brazilian companies in Nigeria. The Agency’s Trade Supervisor, Diogo Akitaya, who led a delegation of 11 Brazilian companies to Lagos,...
The Central Bank of Nigeria (CBN) said on Thursday that Nigerians lost N11.9 billion to the Ponzi scheme in 2016. Speaking in Kano during the 2017 Bank-Wide Sensitization Campaign on CBN initiative programme, the apex bank Acting Director, Corporate Communications,...
The Naira recorded an appreciation of 12.36 per cent at the parallel market in the last one week, newsmen report. Newsmen report that the Naira traded at N440 last Monday while it closed at N390 to the dollar on Friday. In...
The improving fortunes of the naira in the parallel market continued, Monday, as it appreciated to N435 per dollar due to declining demand for dollars. Investigations revealed that the parallel market exchange rate, which declined to N445 per dollar last...
The National Bureau of Statistics (NBS) revealed yesterday that the February inflation level represented 94 basis points lower than the 18.72 per cent recorded in January. The development, according to analysts at SCM Capital, is a sign of a decline...
BY JUDE OCHANG The Economic Recovery and Growth Plan (ERGP) of the federal government, which targets a gross domestic product (GDP) growth rate of 7 per cent by 2020, was finally released on Tuesday, paving the way for government to...
Central Bank of Nigeria’s latest efforts to clamp down on currency speculators and traffickers with a view to strengthening the foreign exchange rate is a step in the right direction. The Central Bank of Nigeria (CBN) recently applied policy actions...
BY BOMA, AMAZING AND ANASTASIA The federal government has been advised to implement policies that would help strengthen domestic production of goods and services. An economic analyst and Head of Banking and Finance Department at the Nasarawa State University, Dr. Uche...
BY MIKE IMOH The Democratic People’s Congress (DPC) has urged the Central Bank of Nigeria, Governor, Dr. Godwin Emefiele and Minister of Finance, Mrs. Kemi Adeosun to avoid monetary policies that allegedly triggered the  economic recession now that the naira...