Business/Finance

Customs Agents Worries Over Double Taxation On Veh

Naira fall pushes Nigeria’s imports to N35tn

According to data by the National Bureau of Statistics, Nigeria’s total imports has increased to N35.9tn in 2023, from N25.5tn recorded in 2022. A breakdown of the data has indicated that in the first and second quarters of 2023, total imports stood at N6.4tn. It grew to N9tn in the third quarter and again to N14tn in the fourth quarter. ... Read more

Report: African ESG Bonds Hit $4.4bn

The value of international loan securities issued by African entities to raise funds for investments complying with Environmental, Social, and Governance principles currently stands at $4.4bn in 2024. An Ecofin Agency report on Monday noted that the value of ESG bonds between January and February 2024 had surpassed the $1.4bn raised in 2023. ... Read more

Naira depreciation: Pension funds fall by $6bn

 Aisha Dahir-Umar (Director General of the National Pension Commission)

The value of the pension fund in dollar terms has showed a decline by 29 per cent to $14.39bn in January 2024 compared to $20.41bn in December 2023. The January unaudited report on the pension funds industry portfolio noted that the value of the pension fund was converted at the rate of N1,356.88/$ in January from N899.39/$ in December, leading ... Read more

Stakeholders Seek More Funding For SMEs

    Jules Ngankam (AGF Group Chief Executive Officer)

At the 2024 Green Finance Conference, stakeholders have seeked more funding for Small and Medium Scale Enterprises, as well as more effective strategies for addressing climate change challenges. The conference, held in Lagos recently, had the theme ‘The Role of Africa’s Private Sector in The Paris Agreement on Climate Change’ a ... Read more

NCC Discloses Difficulty Of Regulation In Driving Deployment Of AI

The Nigerian Communications Commission (NCC) has explained that developing regulations and policies to govern artificial intelligence (AI) deployment is complex as well as playing catch up due to technological advancements in this part of the world. This was disclosed by the NCC Executive Vice Chairman, Dr Aminu Maida, who said indeed the regula ... Read more

NICA Seeks More Business-Friendly Loans For SMEs

The National Institute of Credit Administration has expressed that the availability of loans with low interest rates and flexible repayment terms will boost the profitability of Small and Medium scale Enterprises. In a statement made available to a correspondent on Sunday, the Chief Executive Officer of NICA, Prof. Chris Onalo, noted that a busi ... Read more

CBN Collaborates With Blockchain Fi

Dr. Olayemi Cardoso (Governor, Central Bank of Nigeria (CBN)

A Memorandum of Understanding (MoU) have been signed between thee Central Bank o ...
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Minister Applauds The NASS For Rais

Abubakar Atiku Bagudu (Minister of Budget and Economic Planning)

Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, has applauded t ...
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Heirs Energies: Powering Nigeria's

Heirs Energies, Africa’s leading integrated energycompany, hasannounced af ...
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Access Holdings Profits 1.52% As Ai

Access Holdings Plc increased gain by 1.52 per cent on Thursday, a day after Aig ...
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NNPCL Urges EFCC To Address Oil The

The Nigerian National Petroleum Company Limited has urged the Economic and Finan ...
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