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Dangote Repatriates $688m From African Operations
Dangote Industries Limited has revealed that it has so far repatriated over $687.98m through various banks in Nigeria.
In a statement, the company said it brought in $576,008,672.41 through various banks in Nigeria, in addition to a…
Anambra State Signs N1bn Agreement With SMEDAN To Fund SMEs
Anambra State Government and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), recently signed a one billion naira (N1bn) agreement in Awka, the state capital, to fund Small and Medium sized Enterprises in Anambra State.…
PTAD Pays Pensioners ₦1bn Accrued Arrears
The Pension Transitional Arrangement Directorate (PTAD) has announced the payment of the sum of ₦1,023,756,227.45 (One Billion, Twenty –Three Million, Seven Hundred and Fifty-Six Thousand, Two Hundred and Twenty-Seven Naira Forty-Five Kobo)…
Nigeria to Launch Equipment Leasing Registration Authority
The Federal Government of Nigeria is set to formally unveil the Equipment Leasing Registration Authority (ELRA), on Tuesday 7th November 2023 in Abuja, the Federal Capital Territory.
According to a press statement signed by ELRA…
Nigeria To End Fuel Crisis With Increased Oil Production
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has said that the easiest way to end the fuel crisis in Nigeria is to increase crude oil production.
He says if conscious efforts are not made towards this, both…
Nigerian Leader Eyes Arab Investment
Nigeria’s President, Bola Ahmed Tinubu, is to participate in the Saudi-Africa Summit and the Arab-Africa Summit to attract more foreign direct investment from the Arab nation.
This is in line with President Tinubu’s effort to push for…
NEITI set to partner with international community to grow extractive industry
The Nigeria Extractive Industries Transparency Initiative (NEITI) has expressed readiness to collaborate with the international community to advance the oil, gas and mining sectors.
The Executive Secretary of the Agency, Dr Orji…
Manufacturers Owe Banks N6.98tn – CBN
The Central Bank of Nigeria says the debt owed to banks by manufacturers in the country, has risen from N5.56tn in January 2023 to N6.98tn in June 2023.
The CBN's Sectoral Analysis of Deposit Money Banks’ Credit report showed that …
Financial Bodies Introduce Certification Programmes For Finance Professionals
The Chartered Institute of Bankers of Nigeria (CIBN) and Lagos Business School (LBS), have collaborated to launch novel dual qualification programmes for bankers and other financial services professionals.
This was revealed in a…
2023: Lagos International Trade Fair Kicks Off Amidst Economic Challenges
Governors Babajide Sanwo-Olu of Lagos State says the Lagos International Trade Fair has the potential to generate and woo Foreign Direct Investment into the country as well as reduce the pressure on the currency.
Sanwo-Olu in an address…