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Forex Crashing: Matters Arising

Central Bank of Nigeria, CBN, has reaffirm its determination to sustain the resurgence of the Naira via continuous provision of foreign exchange to ensure Naira gains further strength as well as been available to end users. This is as the apex bank reiterated that...

Concerns over interest rates, capacity, as DBN kicks off with N398.45b

With about 70,000 micro, small and medium enterprises seeking various forms of financial intervention to take their businesses to the next level, there are concerns about the ability of the Development Bank of Nigeria (DBN) to meet such demands with its $1.3 billion (N398.45...

MAN, LCCI, Others Oppose Senate on BoI Scrapping

The plan by the Senate to repeal the Act establishing the Bank of Industry and replace it with a National Development Bank of Nigeria has been criticised by several professional groups and workers’ unions. And if the NDBN Bill, which has passed a second reading...

Economic Recession: MAN, LCCI, Rewane, Others Ask CBN to Cut Interest Rate

The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry, the Abuja Chamber of Commerce and Industry and other organised private sectors on Thursday called on the Federal Government to drastically slash interest rate in order to stimulate economic recovery. Professional bodies such...

ICT Has Potential To Increase GDP- Shittu

Minister of Communication, Adebayo Shittu says the Information and Communications Technology(ICT) Sector has the potential to increase the country's Gross Domestic Products (GDP). Shittu stated this in Lagos at the Second Edition of the 2016 Information Communication Technology and Telecommunication Exhibition and Conference (ICTEL) with...

FG Urged to Ban Tomato Paste Importation

  The President, Lagos State Chamber of Commerce and Industry (LCCI), Dr. Nike Akande, has called on the federal government to support local production of tomato pastes in Nigeria, pointing out that this would help the country attain self-sufficiency in food production and boost local...