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History is made as Ngozi Okonjo-Iweala assumes as Director-General

WTO RACE: Korean candidate quits, leaving Nigeria’s Okonjo-Iweala as last woman standing

Leave a Comment / Business, INTERNATIONAL / Alison Godswill

The South Korean Trade Minister, Yoo Myung-hee, has withdrawn from the World Trade Organisation, WTO race. The battle to become the next Director General of the World Trade Organization (WTO) was highly contested by Nigeria’s Ngozi Okonjo-Iweala and the South Korean Trade Minister, Yoo Myung-hee. This means that Okonjo-Iweala now remains the only candidate for […]

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ASSET OWNERS: SEC emerges with new requirements firms registration for Nominees

Leave a Comment / Business, The Nation / Alison Godswill

The Securities and Exchange Commission, SEC, has released new requirements for companies applying to act as Nominees for asset owners in Nigeria. Unlike in the past, SEC stated: “a Nominee Company shall have a minimum of three sponsored Individuals, one of whom shall be a compliance officer; b) The Managing Director of the Company shall

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CBN Selects Technical Partner for Digital Currency Project

Central Bank of Nigeria holds benchmark lending rate at 11.5%

Leave a Comment / Business / Alison Godswill

Central Bank of Nigeria holds benchmark lending rate at 11.5% The Central Bank of Nigeria, CBN, has held its benchmark lending rate at 11.5 per cent at its first interest rate meeting of 2021, as it battles to combat rising inflation and a recession. According to Reuters, Governor Godwin Emefiele said all 10 members

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COVID-19: CBN cautions FG against another lockdown

Leave a Comment / Business, COVID 19 / Alison Godswill

COVID-19: CBN cautions FG against another lockdown By Eyo Nsima As the Federal Government to tackle the Corovarus pandemic, the Central Bank of Nigeria, CBN, has warned against imposing another total lockdown, arguing that it would impact negatively on the nation’s economy. The CBN Governor, Godwin Emefiele, who disclosed this in a communique issued at

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FENRAD urges President Buhari to publish NDDC Forensic Audit Report

We’ll utilise petroleum revenue to develop Nigeria’s non-oil sector — President Buhari

Leave a Comment / The Nation, Business, Oil & Gas / Alison Godswill

We’ll utilize petroleum revenue to develop Nigeria’s non-oil sector — President Buhari President Muhammadu Buhari, has promised to utilize the oil and gas revenue for diversification of Nigeria’s economy. The President, who spoke at the virtual inauguration of the National Oil and Gas Excellence Centre at the Department of Petroleum Resources headquarters, Lagos,

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Mauritius,Morocco join African Development Bank Bloomberg bond index

Leave a Comment / Business, INTERNATIONAL / Alison Godswill

The African Development Bank administers the ABABI, a family of African bond indices launched in February 2015 and calculated by the independent, global index provider Bloomberg The African Development Bank has announced the addition of two new countries – Mauritius and Morocco – to its Bloomberg African Bond Indices (ABABI), marking a steady progress in

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CBN denies, condemns peddlers of rumor on Domiciliary Account Holdings

Nigeria’s Net forex inflow drops by 26% to $3.87bn — CBN

Leave a Comment / Business / Alison Godswill

Nigeria’s Net forex inflow drops by 26% to $3.87bn — CBN Net foreign exchange (forex) inflow into Nigeria’s economy dropped by 26 percent, month-on-month to $3.87 billion in October from $5.23 billion in September last year. The decline was driven by an 11.9 percent drop in foreign exchange inflow caused by 39.6 percent and

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Hajjar: New project to promote trade, investment & enhance dates sector production chain competitiveness in exports and jobs

Leave a Comment / Business, INTERNATIONAL / Alison Godswill

First ever international virtual exhibition for Madinah dates organised under Aid for Trade Initiative for Arab States (AfTIAS) Under the patronage of HRH Prince Faisal bin Salman bin Abdul Aziz Al Saud, Governor of the Madinah Province, the Madinah Chamber of Commerce and Industry (MCCI), in cooperation with the Islamic Development Bank Group (IsDBG), the

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Nigeria enters the worst recession as GDP drops by 3.62% in Q3’20

Malawi’s NBS Bank launches ecommerce platform and online payment gateway with Network International

Leave a Comment / Business, INTERNATIONAL / Alison Godswill

Enables bank to expand its offering to power digital payment acceptance among SMEs, large corporations, public institutions and individuals NBS Bank, a leading commercial bank in Malawi, launches its state of the art e-commerce platform, powered by Network International (www.Network.ae), the leading enabler of digital commerce across Africa and the Middle East. The implementation of

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Governor Obaseki fires back at Finance Minister overprinting of N60bn notes

Tizeti rolls out high-speed 4G LTE in Edo with N4000/month broadband service

Leave a Comment / Business / Alison Godswill

Installations are expected to commence in Benin City on April 1st, 2021 As part of its commitment to ensuring access to affordable broadband connectivity in Africa’s underserved populations, Tizeti (www.Tizeti.com), West Africa’s pioneer solar-based internet service provider is rolling out its 4G LTE network in Edo State, with monthly fixed broadband costs pegged at four

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