W/Bank mobilises $5.79bn private capital for Nigeria
By Emma Ujah, Abuja Bureau Chief The World Bank Group has said it is helping to mobilise $5.79 billion in private capital for investment in Nigeria’s agriculture, telecommunications and micro, small and medium enterprises (MSMEs), in a major push to expand private-sector participation in the economy. The financing drive is being supported by policy reforms, […]
Nigerian banks to report foreign currency exposures using NiFEX rate — Fitch
Fitch rating agency has disclosed that Nigerian banks plan to report the foreign currency items in their 2017 financial statements based on the Nigerian Foreign Exchange Fixing (NiFEX) rate instead of the official exchange rate.
Economic growth: ELAN urges FG to leverage N6trn leasing industry
The Federal Government has been advised by the Equipment Leasing Association of Nigeria (ELAN) to take full advantage of equipment leasing in order to achieve its developmental plans in 2018, as it prepares to pull the economy out of recession.
ECOWAS Trade: LCCI laments lack of global outlook
The Lagos Chamber of Commerce and Industry, LCCI, has canvassed for global positioning for Nigerian businesses saying the private sector have confined themselves to the comfort of the country for
Okomu fingers illegal shipments, others as bottleneck to sales
Nigeria’s second-largest producer of palm oil, Okomu Oil Palm Plc, said illegal shipments of palm oil and weaker consumer income is affecting the company’s sales of palm oil in the country.
Seme Customs rakes in N.546bn in Jan, records 64 seizures
Badagry—THE Seme Command of the Nigerian Customs Service, NCS, said that it generated N546.8million for the first month of the year representing 81 percent of 2018 revenue target.
