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Yesterday, banks across the country were given a directive from the Central Bank of Nigeria to cancel any customer requests for purchase of Treasury Bills at Primary or OMO auctions, if such customers are borrowing customers of such banks or those of other banks. This also includes those enjoying CBN intervention loans. We are not […]
Agricultural Business Ideas Urban Agriculture You don’t need a huge space to get into the agriculture business. If you have a city or suburban home, you can still plant some crops in small or vertical containers to get the most out of your space. Vegetable Farming You can also plant a variety of different vegetables […]
Banks’ Credit To Private Sector Rise To N16.7trn In 2018, As the macroeconomic and business environment in Nigeria improves alongside a growing consumer confidence, analysts at FSDH Research said they expect banking industry credit to the private sector to grow in 2018. The analysts in a report yesterday said the drop in the yields on […]
CBN intervention policies, There are strong indications that the sustained and diversified intervention programmes of the Central Bank of Nigeria (CBN) would provide the required platform for the numerous micro, small and medium enterprises (MSMEs) to position for ultimate transformation into the arena of industrialisation. That would be a landmark achievement in the diversification agenda […]
The Federal Government has assured U.S. investors of the favourable investment climate in Nigeria, promising the highest returns on investments, more than anywhere else in the world. The Minister of Trade, Industry and Investment Okechukwu Enelamah and his Foreign Affairs counterpart Geoffrey Onyeama, stated this at the Nigeria-U.S. Business and Investment Forum in New York. […]
Flour Mills of Nigeria Plc, said it has invested up to N90 billion in agro-allied supply chain, creating 9,000 jobs with a multiplier (indirect) of up to 54,000 jobs in the country. The investments in the food value chains, which include oils and fats, feeds/proteins, starches, agro distribution and sweeteners have potential of saving up […]
Subject relating to promotion of entrepreneurship among those who would be leaders of tomorrow is an idea whose time has come. It is timely as current realities warrant a shift of Nigeria’s economic base towards the direction of the future, with robust emphasis on thoughts about diversification of our economic base. The time has therefore […]
The Bankers’ Committee of the Central Bank of Nigeria, CBN, on Thursday said the Nigerian economy was steadily pulling out of recession. The Committee gave the review at the end of its 331st meeting in Abuja. It said indices on non-oil sector growth in the second quarter of the year showed the economy could recover […]
Nigeria’s economy probably expanded in the second quarter as factory and farming output improved, helping it recover from the first annual contraction in 25 years, Statistician-General Yemi Kale said. “Intuitively, we might be getting out of recession in the second quarter, but I can’t say until all the numbers are in,” Kale, who is also […]
Former Governor of Anambra State, Dr. Peter Obi the country needs to save aggressively, diversify the economy into knowledge based exports and invest in developmental education to come out survive the present economic challenges. He stated this at the first annual conference of the Guild of Corporate Online Publishers (GOCOP), held in Lagos on Thursday. […]
— Ekweremadu wants better welfare for Nigerians in Chinese firms The trade volume between Nigeria and China for the year 2016 has been put at an estimated $13 billion, with activities in various sectors of Nigeria’s economy. This is as the Deputy Senate President, Senator Ike Ekweremadu, called for better working standards and conditions for […]
An agriculturist and renowned practical farmer in Ohaji/Egbema Local Government Area of Imo State, Luke Chukwu says the Federal Government was now coming to the right track by accepting agriculture as key to diversifying the ailing economy, and put it on the wheel of recovery from the raging economic recession. This is as he is […]
The Lagos Chamber of Commerce and Industry (LCCI) has unveiled its agenda for this year’s international trade fair, with focus on charting the path of recovery in terms of industrialisation and sustainable growth. Indeed, the Organisers of the 2017 Lagos International Trade Fair (LITF), LCCI announced that this year’s fair, scheduled to hold from Friday […]
Kenya’s central-bank chief and the CEO of Nigeria’s investment authority discuss their nations’ growth prospects. Africa today is a continent with starkly contrasting growth stories. Kenya, with its diversified economy and relatively strong institutions, weathered the recent crash in commodities prices fairly well, while nations more dependent on oil and mining, such as Nigeria, took […]
The Minister of Science and Technology, Dr. Ogbonnaya Onu has said that the diversification of Nigeria’s economy into agriculture and solid minerals are not enough to take the country out of recession. He therefore stated noted the need to deploy science and technology in an effective and efficient manner, adding that if the country embraces […]