The Federal Government is scheduled to reopen the APR-2023, MAR-2025 and FEB-2028 bonds for subscription by offering investors N40bn each from the APR-2023 and MAR-2025 bonds and N20bn from the FEB-2028 bond. The FGN bond auction is scheduled to hold this week. The Debt Management Office, on behalf of the Federal Government, is expected to…
The Nigerian Export Promotion Council on Monday met with stakeholders in the non-oil sector in order to address some of the impediments in the sector. The meeting held at the headquarters of the NEPC was specifically targeted at ensuring that Nigerian exports meet requisite international standards. Speaking at the event, the Executive Director/Chief Executive, NEPC,…
The Nigerian Shippers’ Council, NSC, has said that it is working towards a 30 percent reduction in the cost of clearing goods in the Nigerian ports following an agreement to this effect with terminal operators and shipping companies operating in Nigeria. Speaking at a one day enlightenment seminar organized by the Council in collaboration with…
Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, projected that Nigeria’s Gross Domestic (GDP) growth will rise to three percent in 2019 as against 1.93 percent recorded in 2018. In a keynote address delivered at the BusinessDay Post Election Economic Agenda conference in Lagos, Emefiele also said the apex bank will maintain its…
The importance of Nigeria and Africa as a whole has risen on the UKs’ agenda The UK will be the first G7 investor in Africa by 2022 Increase in the commitment by CDC (a development finance institute in the UK that invests in long term equity to contribute to job and wealth creation) to £3.5…
The Nigerian-British Chamber of Commerce (NBCC) has engaged stakeholders and member partners of the commission to a quarterly advocacy group breakfast session, ahead of the United Kingdom’s planned exit from the European Union.The move was to discuss impact and opportunities for key stakeholders within the Nigerian and British business communities in relations to trade in…
The UK is set to inject up to £30 million into prosperity and security projects across Africa as it steps up its investment in the continent, Harriett Baldwin, minister of State for Africa announced on Monday. The funding boost comes as Britain signs a new strategic partnership with the African Union, strengthening the engagement between…
A new Strategic Plan launched by the Enhanced Integrated Framework (EIF) seeks to deepen efforts to assist least developed countries (LDCs) benefit from trade. The goals of the new plan are to improve the trade environment for LDCs so there is inclusive and sustainable growth, and to increase their exports and access to international markets.…
The Minister of Budget and National Planning, Senator Udoma Udo Udoma is optimistic that the Nigerian economy will continue to maintain its recovery in 2019 as the real GDP growth is expected to increase from 0.8% in 2017 to 2.1% in 2018 and 3.01% in 2019, with the sustained implementation of the ERGP. The Minister…
The Securities and Exchange Commission, SEC, has urged stakeholders in the capital market to steps to attract and retain both local and foreign investments to stimulate economic growth and develop critical infrastructure necessary for the country’s development. Acting Director General, SEC, Ms. Mary Uduk, gave this charge yesterday at the formal launch of the book…
