We inherited net external reserve at $859m — CBN
By EmekaAnaeto, Babajide Komolafe & Emma Ujah The Central Bank of Nigeria (CBN) has revealed that the nation’s Net External Reserve had plunged to a mere $859 million as of the second quarter of 2023, a clear negative position unprecedented in the history of the bank, and also less than a month imports bill. The […]
TEF to train 1000 entrepreneurs in 2018
The Tony Elumelu Foundation (TEF) is set to provide 1,000 startups with training, mentorship and $5,000 in funding as it opens application for the 2018 edition of the Tony Elumelu Entrepreneurship Programme (TEEP).
Budget transparency: Nigeria ranks 90th in world, 23rd in Africa
Nigeria has been ranked 90th in the world and 23rd in Africa on budget transparency out of 115 countries globally and 38 African countries in the 2017 Open Budget Index (OBI) survey which was released yesterday.
Nova Merchant Bank moves to facilitate FDI into Nigeria
Nova Merchant Bank said it has designed investment banking products that will help Nigerian businesses attract foreign direct investment (FDI).
Chairman, Nova Merchant Bank, Mr. Phillips Oduoza disclosed this during an interview with journalists in Lagos.
FG unveils 3rd plan to boost ease of doing business
In furtherance of its reform agenda to boost business environment in the country, the Federal Government will commence the third 60-day National Action Plan (NAP 3.0) from 5th February to 5th April 2018, to drive its ease of doing business initiative.
Naira appreciates to N360.00/$ in I&E
The naira Wednesday appreciated to N360.00 per dollar in the Investors and Exporters (I&E) window of the foreign exchange market.
