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Finance & Economy - Page 319

Economy: Don’t Suffocate Businesses, CPPE Warns Regulatory Agencies

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

Nigeria’s macroeconomic environment stabilised in 2025, setting the stage for stronger business activity and private-sector-led growth in 2026, according to the Centre for the Promotion of Private Enterprise (CPPE), Prime Business Africa reports. In its Review of the Nigerian Economy in 2025

December 31, 2025

Finance & Economy·News

CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters

The Central Bank of Nigeria (CBN) will commence the immediate refund of capital deposits and licensing fees to Bureaux de Change (BDC) promoters who have pending licence applications. The CBN announced this in a circular signed by Ibrahim Tukur, director of financial

July 30, 2021

Finance & Economy·News

BDC Operators Vow To Independently Source Forex

The Association of Bureau De Change Operators of Nigeria (ABCON) has in response to the ban by the Central Bank of Nigeria, assured members of the public that Bureau De Change operators will continue to provide foreign exchange services. ABCON disclosed that

July 30, 2021

Naira Ends Week With N59.71 Gain At Official Market

Currency·Finance & Economy

Naira Gains At Official Investors Window

As the official investors and exporters windows closed on the 28th of July, the naira gained on the dollars closing N41.6/$1 representing a 0.02% appreciation compared to N411.65/$1 recorded on Tuesday, 27th July 2021. At the parallel market, naira declined significantly by

July 29, 2021

News·Oil & Gas

Buhari Explains How AKK Project Will Enhance Gas Utilization For Industrialisation

President Muhammadu Buhari has explained that successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated this at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) Forum organised

July 29, 2021

Finance & Economy·News

CBN Orders Banks To Set Up Forex Teller Points

The Central Bank of Nigeria (CBN) has directed banks to set up teller points in designated branches to sell foreign currencies including the dollar to Nigerians. The directive which followed the CBN’s decision to stop the sale of forex to Nigerians through

July 29, 2021

News·Oil & Gas

DPR Shuts 13 Gas Stations In Akwa Ibom State

No fewer than 13 cooking gas stations were sealed in July by the Department of Petroleum Resources(DPR), Eket Field Office, for illegal operation. This was disclosed on Thursday by Operations Controller if DPR, Mr Victor Ohwodiasa in Akwa Ibom. Ohwodiasa said the

July 29, 2021

Naira Ends Week With Marginal Gain Against Dollar

Finance & Economy·News

BDC Operators To Meet With CBN Governor Over Forex Ban

Banned operators of Bureau De Change are set to meet with Governor of Central Bank of Nigeria (CBN) Mr. Godwin Emefiele. The operators under the auspices of Association of Bureau de Change Operators in Nigeria (ABCON) said they will meet with the

July 29, 2021

Finance & Economy·News

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

In order to boost electricity supply within the country, Central Bank of Nigeria (CBN) disbursed N156.33 power Distribution Companies (Discos). The Apex bank also disbursed N36.04 billion to 17 Meter Asset Providers and 9 DisCos, for the procurement and installation of 657,562

July 29, 2021

Agro-Economy·News

FG Determined To Tackle Inflation, Food Security

Tackling the current inflation and other challenges of food security in Nigeria is in top priority list of the Federal Government. This was disclosed by Vice President Yemi Osinbajo, who spoke virtually yesterday at the preparatory meeting of the United Nations Food

July 28, 2021

Finance & Economy·News

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.9bn in the first quarter of 2021. This was disclosed in a report released by the National Bureau of Statistics titled “Nigerian Capital Importation”

July 28, 2021

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Nigeria Launches N590bn Power Sector Bond to Clear GENCO, Gas Arrears

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The dollar traded at N1,487.01/$1 in the parallel market on

Venezuela Condemns Trump’s Threat, Pledges to Defend Sovereignty

The government of Venezuela has condemned what it described as

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Finance & Economy - Page 319

Nigeria’s Economy Stabilises in 2025; Non-Oil Sectors Set to Drive Growth in 2026 – CPPE

CBN To Refund Pending Licence Applications Fees To Bureau De Change Promoters

BDC Operators Vow To Independently Source Forex

Naira Gains At Official Investors Window

Buhari Explains How AKK Project Will Enhance Gas Utilization For Industrialisation

CBN Orders Banks To Set Up Forex Teller Points

DPR Shuts 13 Gas Stations In Akwa Ibom State

BDC Operators To Meet With CBN Governor Over Forex Ban

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

FG Determined To Tackle Inflation, Food Security

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

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