Category: Business News
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CBN offer N500m grant for university, polytechnic students
The Central Bank of Nigeria, CBN, has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled: “Guidelines for the implementation of tertiary institutions entrepreneurship scheme”. “Five top Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be…
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FG scraps DPR, PEF, PPPRA; announces takeover agencies, CEOs
The Federal Government has scrapped the Department of Petroleum Resources (DPR), Petroleum Equalisation Fund Management Board (PEF[M]B), and Petroleum Product Pricing Regulatory Agency (PPPRA).
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Nigeria records another drop in inflation
The Consumer Price Index, (CPI) which measures inflation increased by 16.63 per cent (year-on-year) in September 2021.
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CBN threatens to block BVN violators from banking services in newly released framework
The Central Bank of Nigeria (CBN) has issued a Revised Regulatory Framework for Bank Verification Number (BVN) operations and Watch-List for the Nigerian Banking Industry.
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What FG can do to attract more investors to Nigeria – Okonjo-Iweala
For Nigeria to attract more investors, it must cut down on trade and infrastructure costs, Director General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala, has advised. Okonjo-Iweala also suggested a reduction of linkage and regulatory costs as well as Customs duties to encourage investments. She argued that the costs of doing business in Nigeria…
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Some people can’t be obtaining Dollar for N410 to sell N570; Osinbajo defends exchange rate position, denies calling for devaluation of Naira
Vice President Yemi Osinbajo has said that he is not calling for the devaluation of the naira contrary to some reports that trailed his speech at the opening session
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Buhari highlights steps he will take to build a ‘resilient economy’ for Nigeria
President Muhammadu Buhari has promised that his administration will build a more resilient economy, especially as Nigeria recovers from the coronavirus pandemic that brought the world to its knees.
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Nigeria’s official exchange rate ‘artificially low’ – Osinbajo
Vice President Yemi Osinbajo on Monday said Nigeria’s official exchange rate is “artificially low”. He made the remark
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High bank interest rates will kill Nigeria’s economy if not addressed – ACF tells FG
The Arewa Consultative Forum (ACF) has faulted President Muhammadu Buhari for not addressing the issue of high interest rates by commercial banks in his 2022 budget presentation at the National Assembly on Thursday.
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Nigeria missing in action as over 130 nations agree on global tax reform
A global push to enact a minimum international tax on big corporations moved closer to reality on Friday as one of the last holdouts, Hungary, agreed to join a reform that now counts 136 countries. The OECD-brokered deal, which sets a global tax of 15 percent, is aimed at stopping international corporations from slashing tax…