Business
CBN plans liquidity management for 2019
The Central Bank of Nigeria, CBN, said it is devising new means of managing liquidity in order to reduce expenses on liquidity management in 2019.
Governor of the Central Bank, Mr. Godwin Emefiele, gave the assurance when he submitted the bank’s 2019 budget proposal to the House of Repres [...]
AfDB worry over Nigeria’s agric growth
The African Development Bank, AfDB, has described growths recorded in Nigeria’s agriculture sector in 2018 as lack luster and uninspiring.
AfDB, in its latest African Economic Outlook 2019 and West Africa Economic Outlook 2019 report, attributed the situation to clashes between farmers an [...]
FIRS recovers N24bn from 500 tax defaulters
Executive Chairman of the Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler said the service recovered N24billion from 500 rich tax defaulters.
He said FIRS currently has its sight on 55,000 defaulting taxpayers from whom it hopes to recover at least N750billion before the end of the first [...]
NZESCO’s budget not fraudulent –FG
The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, has said N42billion budget proposed for the Nigeria Special Economic Zone Company, was done in good fate.
He said the move was to enable the Federal Government’s convert its capital budget appropriations for SEZs into [...]
FG to concession Lagos trade fair complex
Bureau of Public Enterprises, BPE, said the Federal Government has no plan for an outright sale of the Lagos International Trade Fair Complex as being speculated in some quarters.
The Bureau in a statement by its Head, Public Communications, Amina Othman, denied the purported sale of the comple [...]
Financing: Afreximbank makes case for factoring in SMEs
To address the challenge of poor access to financing constantly faced by small and medium businesses in Africa, the African Export-Import Bank, Afreximbank, suggest that factoring could be a viable and sustainable solution.
Factoring is a financial transaction and a type of debtor finance in wh [...]
FG to grow stock market via ERPG
The Federal Government said it was seeking to diversify instruments of the stock market through the Economic Recovery and Growth Plan, ERPG.
Minister of Finance, Mrs. Zainab Ahmed, while speaking at the maiden Awards Night of the Securities and Exchange Commission, said the present administrati [...]
NNPC invites tenders from prospective traders of Nigeria’s crude for 2019
The Nigerian National Petroleum Corporation, NNPC, has invited tenders from prospective traders in Nigeria’s crude and importers of petroleum products under its 2019-2020 fuel supply programme.
An invitation to tender published on the corporation’s website says the NNPC intends to e [...]
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