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Applicants to submit nin for fg trade grants

Applicants to submit nin for fg trade grants

The Ministry of Industry, Trade, and Investment has directed applicants of the Presidential Conditional Grant Scheme to submit their National Identification Numbers as part of the necessary requirements to obtain a grant earmarked to cushion the effect that recent economic reforms have had on businesses in the country. The government through the Bank of Industry...

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Adaora Umeoji becomes first female gmd/ceo Zenith bank

Adaora Umeoji becomes first female gmd/ceo Zenith bank

Zenith Bank Plc has announced the appointment of Adaora Umeoji as its Group Managing Director/Chief Executive Officer, effective from 1 June. This appointment marks the first time a female executive will hold the position in the bank. Her appointment, however, is subject to approval by the Central Bank of Nigeria (CBN). The bank made this...

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High cost of iron rods: Engineers now build with bamboo

High cost of iron rods: Engineers now build with bamboo

That Nigeria’s economy is in bad shape, is no longer news. Food and other necessities are hard to come by.However, no matter what turn the economy takes, Nigerians, by their unique nature, will always find survival alternatives. That is why although it sounds unthinkable to see, anywhere in the world, where bamboo is used in place...

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Stock market sustains bullish trend as investors gain N2.1trn

Stock market sustains bullish trend as investors gain N2.1trn

The stock market sustained bullish trend last week as investors on the Nigerian Exchange Limited, NGX, gained N2.1trillion. Though the market recorded mixed sentiment, the gains outweighed the losses as the NGX market capitalisation, which represents the total value of investment on the Exchange, surged to N59.416 trillion at the close of trading on Friday...

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WTO’s $1.2m programme‘ll address Nigeria’s agricultural export challenges – Okonjo-Iweala

WTO’s $1.2m programme‘ll address Nigeria’s agricultural export challenges – Okonjo-Iweala

The World Trade Organisation (WTO) has inaugurated a 1.2 million-dollar programme to improve export standards of Nigeria’s sesame and cowpea products. The WTO Director-General, Dr Ngozi Okonjo-Iweala, said this at the launch of the seven trade support programmes for Nigeria initiated by the WTO, World Bank, and ITC on Tuesday in Abuja. Okonjo-Iweala said the...

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Transcorp Power hits N2tr on listing rally

Transcorp Power hits N2tr on listing rally

Nigeria’s largest gas-fired power generating company, Transcorp Power PLC yesterday opened up its ownership to the investing public with the listing of its shares at the Nigerian Exchange (NGX). The listing of the company got off to a rally as investors scrambled for the shares of the company which generates more than 10 per cent...

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Moghalu praises Tinubu’s policy on subsidy, forex

Moghalu praises Tinubu’s policy on subsidy, forex

Former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu has applauded President Bola Tinubu’s economic policy on the removal of fuel subsidy and forex reform. Moghalu, who expressed concern about the number of politicians in the current administration, urged the president to revamp his cabinet within the first year of his administration....

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NSA’s Office, CBN Join Forces To Deal With Forex Speculators

NSA’s Office, CBN Join Forces To Deal With Forex Speculators

The Office of the National Security Adviser (NSA), Nuhu Ribadu; and the Central Bank of Nigeria (CBN) have joined forces to deal with forex speculators in the country and address challenges impacting the nation’s economic stability. In a statement on Tuesday, a spokesperson for Ribadu’s office, Zakari Mijinyawa, said the activities of speculators, both domestic...

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Rising cost of food a global phenomenon – Barau

Rising cost of food a global phenomenon – Barau

Deputy Senate President Barau Jibrin has described the rising cost of food in the country as a global phenomenon. He lauded President Bola Tinubu for ordering the release of 102,000 tonnes of rice, maize and millet to address the high cost of food. The Federal Government, through the Special Presidential Committee on Emergency Food Intervention headed by...

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EFCC clamps down on firms for issuing invoices in dollar

EFCC clamps down on firms for issuing invoices in dollar

The Economic and Financial Crimes Commission (EFCC) yesterday joined the battle to halt further depreciation of the naira against the US DollarIt launched a crackdown on dollar speculators, hoarders, racketeers and firms issuing invoices in foreign currency. The anti-graft agency said it had raised 14 special task forces to fish out culprits. The anti-graft agency,...