Agricultural PriceUSd Chg % Soybeans 1324.40 3.6 -0.27% Wheat 721.62 5.13 -0.71% Palm Oil 4856.00 1.00 -0.02% Coffee 273.61 2.79 -1.01% Cotton 82.724 0.696 -0.83% Cocoa 5351.00 24.00 0.45% Sugar 18.15 0.24 -1.28%
The order followed a meeting between the central bank and managing directors of commercial banks on August 27, as well as an industry-wide review of how banks employ foreign personnel.
Fiscal and monetary policies remain two important and complementary instruments for the management of a modern economy.
“MAN therefore views the August inflation outcome as an opportunity to move from simply managing inflation to addressing the structural costs that keep Nigerian manufacturing expensive,” he said.
The meeting was attended by representatives of the Ondo State Government, ODSG, and Dangote Industries Limited on the proposed investment in Olókòlá Free Trade Zone, (OKFTZ) and the Dangote Industrial City within the area.
According to Dangote, his textile investments were overwhelmed by imported products, particularly from China and India, making it increasingly difficult for locally manufactured textiles to compete.
“Africa is like a scratch card. Unless you scratch it, you don’t see the use of it. The opportunities are immense,” Dangote said.
The regulator’s alert highlights growing concerns over the possibility of fake investment websites, cloned platforms, fraudulent payment channels and individuals posing as authorised agents to exploit the huge interest generated by the Dangote Refinery offer.
Agricultural Price(USd) Chg % Soybeans 1295.28 0.95 -0.07% Wheat 727.73 2.48 0.34% Palm Oil 4857.00 43.00 0.89% Coffee 286.32 0.62 0.22% Cotton. 85.120 0.94 -1.09% Sugar 18.09 0.06 -0.35%
Speaking on the significance of the IPO, President and Chief Executive of Dangote Industries Limited, Aliko Dangote, said:“Today marks the beginning of a new chapter in the history of Dangote Refinery and, indeed, in the economic future of our nation.
