By Providence Ayanfeoluwa The Nigerian-British Chamber of Commerce, NBCC, has recommended several means of ending challenges in the Nigerian export space, with a call on the government to consider reduction of bureaucratic bottlenecks at export agencies; digitalization of export services; and sensitization of the exports community on export processes. At a media briefing in Lagos, […]

The Naira on Wednesday exchanged at 419 to the dollar at the Investors and Exporters window, compared to 419. 50 on Tuesday, representing 0.12 per cent appreciation. The open indicative rate closed at N418.21 to the dollar on Wednesday. An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s […]

By Nkiruka Nnorom In an apparent reflection of declining investors’ interest in the Nigerian economy, the value of investment announcements in the economy in the first quarter of the year (Q1’22) fell by 69 per cent, year-on-year, YoY, to $2.58 billion from $8.41 billion in the corresponding period of 2021 (Q1’21). The Nigerian Investment Promotion […]

By Victor Ahiuma-Young Employers in the Food and Beverage sector of the nation’s economy have warned that decaying infrastructure, excessive taxation, and insecurity among other challenges, have continued to weigh the sector down, saying these and other challenges have continued to hamper the growth of the industry. Speaking at its 43rd Annual General Meeting in […]

By Elizabeth Adegbesan Though Nigeria’s economy recorded a significant rise in foreign capital importation year-on-year (YoY) by 60 per cent to $610 million in January 2022, against the $380 million in January 2021, the rate of capital outflow from the economy increased massively by 163 per cent to $290 million in January 2022, from $110 […]