Phase out higher denomination notes to strengthen Naira, Registrar tells FG
2024-02-05
Phase out higher denomination notes to strengthen Naira, Registrar tells FGContinue Reading
Phase out higher denomination notes to strengthen Naira, Registrar tells FG
2024-02-05
By Femi Ogunshola Mr Olumide Adedoyin, the Registrar, Chartered Institute of Treasury Management (CITM), has urged the Federal Government to phase out higher denomination notes, such as the N1000 and N500 Naira notes, to strengthen the Naira. Adedoyin made this call in an interview with the News Agency of NigeriaContinue Reading
Daily forex inflow, curtailing importation will strengthen Naira, says expert
2024-02-04
By Kadiri Abdulrahman A Financial Expert, Dr Chijioke Ekechukwu, says the Naira can be strengthened if the country can earn substantial foreign exchange revenue on a daily basis. Ekechukwu, an economist and a past president of the Abuja Chamber of Commerce and Industry, said this in an interview with theContinue Reading
We have 3-year roadmap to revamp Ajaokuta Steel coy – Minister
2024-02-04
By Martha Agas The Minister of Steel Development, Prince Shuaib Audu, has said that a three-year roadmap has been developed to resuscitate the moribund Ajaokuta Steel Mill located in Kogi. Audu, while speaking at a media parley on Friday in Abuja, said the plan was part of efforts by theContinue Reading
Neveah redeems N2.9bn commercial paper, highlights expansion targets
2024-02-03
By Collins Yakubu-Hammer Neveah Limited, an indigenous export company, has announced the redemption of its N2.923 billion Series 7, 8, and 11 commercial paper notes issued in February, May, and July 2023, respectively. Mr Ibidapo Lawal, the Chief Executive Officer of the Abuja-based commodity trading company dealing in the exportContinue Reading
Float fx denominated bond, recapitalise banks to strengthen Naira, expert advises FG
2024-02-02
By Kadiri Abdulrahman A Financial Expert, Dr Chijioke Ekechukwu, has advised the Federal Government to create a foreign currency denominated bond to tackle the unending depreciation of the Naira. Ekechukwu, an Economist and Chief Executive Officer (CEO) of an Abuja based financial consultancy firm, said this in an interview withContinue Reading
Insurance NGO urges FG to exempt NAICOM from IGR deduction
2024-02-01
By Ginika Okoye The Transparent Protection Ltd/GTE (TPL) has urged the Federal Government to exempt the National Insurance Commission (NAICOM) from the 50 per cent automatic deduction from the Internally Generated Revenue (IGR) of government organisations. The News Agency of Nigeria (NAN) reports that TPL/Gte is a pioneer membership-based, insuranceContinue Reading
Maritime expert faults LASG ban on styrofoam
2024-02-01
By Henry Oladele A maritime expert, Dr Segun Musa, has faulted the Lagos State Government policy ban on the use of styrofoam in the state. Musa, the Deputy National President, Air Logistics, National Association of Government Approved Freight Forwarders (NAGAFF), said this in an interview with the NewsContinue Reading
Average Healthy Diet for one adult/day costs N703 in October 2023
2024-02-01
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says the national average Cost of a Healthy Diet for one adult per day was ₦703 in October 2023. Mr Adeyemi Adeniran, the Statistician-General of the Federation and Chief Executive Officer of the NBS, said this at the unveiling of Continue Reading
NBS, GAIN unveil cost of healthy diet indicator report
2024-02-01
By Okeoghene Akubuike The National Bureau of Statistics (NBS), and the Global Alliance for Improved Nutrition (GAIN) have unveiled the Cost of a Healthy Diet (CoHD) Indicator Report in Abuja. The News Agency of Nigeria (NAN) reports that the CoHD was unveiled at a joint Media Briefing on Wednesday, asContinue Reading
