Business

Nigeria primed to be Africa’s industrial powerhouse— Ex-UNIDO DG

By Yinka Kolawole A former Director-General of the United Nations Industrial Development Organisation (UNIDO), Dr Kandeh Yumkella, has said Nigeria has the essential foundations to become Africa’s industrial powerhouse but must translate its huge market, natural resources and entrepreneurial capacity into competitive production and exports. Yumkella, who identified Nigeria’s financial depth and strategic position within […]
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Naira appreciates to N360.06/$ at I&E

The naira Thursday appreciated for the third time this week to N360.06 per dollar,even as the volume of dollars traded in the Investors and Exporters (I&E) window rose by 121 percent.

Benin Industrial Park: NEXIM Bank offers Edo Govt. N553b funding window

Governor Godwin Obaseki’s effort to industrialise Edo state has gotten a new boost as a Federal Government banking institution, the Nigerian Export-Import (NEXIM) Bank has thrown its weight behind the project with three funding windows running into N553 billion for the park’s development and building of local capacity to meet export standards.

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