Trade facilitation: Customs unveils digital baggage import declaration
The Nigeria Customs Service, NCS has announced the deployment of a Simplified Baggage Import Declaration System at the Seme Area Command. This marks a new phase in its drive for digital innovation, trade facilitation, and improved passenger clearance processes. The initiative is designed to streamline baggage declaration, reduce clearance time, and enhance transparency for legitimate […]
Merchant banking, backbone of Nigerian businesses – FSDH
With the resurgence of merchant banking in Nigeria’s financial landscape in recent years, the sector operators are beginning to indicate that it actually plays crucial role in the country’s economy especially in funding businesses.
CreditPRO Finance bags CBN Licence, targets SME growth
By Mariam Eko CreditPRO Finance Company Limited has officially joined the league of Central Bank of Nigeria (CBN)-licensed financial institutions, following its official launch in Lagos last weekend. The firm, which began operations in 2019 under a Lagos State lending licence, said the new milestone would scale its operations nationwide and deepen its role in supporting […]
High interest rates rattle manufacturers
•Companies reduce bank loans by 24.9% •As finance cost drop 65.8% to N255.8 bn •Profit rebounds •Manufacturers are adopting alternatives to bank loans – Analysts By Peter Egwuatu There are indications that manufacturing companies are now finding alternatives to bank loans as the high interest rate regime in the economy scares them away. Financial Vanguard findings from […]
Profit taking persists as investors lose N833bn in 4 days
By Peter Egwuatu Profit-taking activities persisted on the Nigerian Exchange Limited, NGX as the equities market for the fourth consecutive week sustained losses with the major performance indicator, NGX All-Share Index, ASI declining Week on Week, WoW by 0.9%. The Index closed lower in three of the four trading sessions of the week under review. Similarly, […]
National Single Window will enhance trade, drive economic stability — Finance Minister
By Godwin Oritse The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that the implementation of the National Single Window, NSW project will play a pivotal role in transforming trade facilitation in Nigeria and strengthening efforts to stabilise the economy. The Single Window project is a unified electronic platform that integrates various […]
