AITCR: Ginger, Shea Butter Will Contribute to Nigeria Revenue - Report
The African International Trade & Commerce new report has identified Nigerian-grown ginger and shea butter as potential Geographical Indications (GIs) products, which could immensely contribute towards realising the federal government’s diversification objectives.
The report titled,...
Mobile Sector Contributes $5.2 trillion to Global Economy - GSMA
The Global System for Mobile telecommunications Association (GSMA) in ‘The Mobile Economy Report’ released on Monday, said the mobile sector also made a substantial contribution to the funding of the public sector, with around $530...
Banks’ Borrowing Drops by 14% to N453.7bn - CBN
Banks’ borrowings from the Central Bank of Nigeria (CBN) Standing Lending Facility (SLF) fell month-on-month (MoM) by 14 percent to N453.7 billion in February from N528.15 billion in January 2023.
Findings from the CBN’s Financial Data for...
China, Nigeria Trade Deals Falls By N37bn in 1 Year
The trade deal between China and Nigeria dropped by N37.3 billion or $81 million in 2022 from the previous record in 2021, just as both countries make efforts to improve bilateral relations.
The Minister and Counsellor...
Reactions as NNPCL Hires Expatriate to Head Subsidiary
The Nigerian National Petroleum Company (NNPC) Limited has hired a former vice president of the Abu Dhabi National Oil Company (ADNOC), Jean-Marc Cordier, to head its oil trading arm, NNPC Trading Ltd.
The appointment of Cordier has raised...
Cash Crunch: E-bills Payment Falls by 44% Amidst Cashless Policy – NIBSS
The Nigeria Inter-Bank Settlement System recent report has indicated a fall in the value of electronic utility payments by 44.86 per cent in February despite the Central Bank of Nigeria’s naira redesign policy...
