Tinubu’s Economic and Financial Reforms: Gains, Pains, and Missed Targets
CBN also implemented wide ranging foreign exchange reforms, chiefly the elimination of multiple exchange rates to curb arbitrage, enhance transparency and boost investors’ confidence.
Post COVID-19: W/Bank warns Nigeria, sub-Saharan Africa of steep GDP contraction
The World Bank, yesterday, warned that post-Covid-19 recovery in Nigeria and other Sub-Saharan Africa countries will be long and steep if fiscal reforms that would stimulate growth are not put in place to address the economic impact of the pandemic.
Promasidor introduces Twisco chocolate drink powder
Promasidor Nigeria Ltd has launched Twisco chocolate drink powder into the country’s beverage market.
Nigeria spends $5bn on food import, $1.5bn on milk annually
The Federal Ministry of Agriculture and Rural Development (FMARD) has estimated that Nigeria spends $5 billion to import foods annually out of which $1.5 billion goes to importation of milk and other dairy products.
NSIA, CDC Group sign MoU to upscale private sector investment in Nigeria
Nigeria Sovereign Investment Authority (NSIA) has signed a Memorandum of Understanding (MoU) with CDC Group, the UK’s publicly owned impact investor, to facilitate long-term inclusive growth and encourage private capital to scale up their participation in high-impact sectors of the Nigerian economy.
Lagos Assembly urges Sanwo-Olu to create MSMEs hubs
Lagos State House of Assembly has called on the Governor, Babajide Sanwo-Olu to create Micro, Small, and Medium Enterprises, MSMEs, hubs in the three senatorial districts in the state.
