Key Lessons from Nigeria’s Economic History at 65
Nigeria has faced eight recessions since independence, primarily due to oil shocks and fiscal mismanagement.
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China’s Rise to Manufacturing Dominance Over 30 Years
(Visual Capitalist) China and manufacturing dominance together are words easily believed, but this wasn’t always the case. The world’s manufacturer didn’t always make—quite literally—everything. This visualization projects the change in manufacturing value added (MVA) by country from 2000 to 2030. Data is sourced from the UN Industrial Development Organization, as of November 2024. Economic Reforms and…
BOI’s N10BN GLOW Fund Set for Disbursements
Olasupo emphasised that the programme would support women-led enterprises across manufacturing, ICT, digital marketing, ecommerce, healthcare, education, renewable energy, processing, waste management, and the creative industries.
Naira Exchange Rates Wednesday July 1, 2026
Today, at the Black Market the Nigerian Naira is exchange as below : US DOLLAR (USD) Buy ₦1, 395 Sell ₦1, 405
GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,870
EURO (EUR) Buy ₦1, 580 Sell ₦1,600
FGN opens $1bn AfCFTA fund for exporters
Providing details of the $1bn AfCFTA Adjustment Fund Credit Facility, the National Coordinator and Chief Executive Officer of the Nigeria AfCFTA Coordination Office, Mrs Patience Okala, said that the facility is targeted at large African businesses with a minimum financing capacity of $10m.
Local Automobile Industry Patronage Bill scales 2nd reading in Senate
Leading the debate, Senator Ndubueze said that the bill sought to make it mandatory for Ministries, Departments and Agencies to give priorities to local manufacturers and indigenous companies in the procurement of goods and services
Customs, BAT sign pact to tackle illicit tobacco trade
The Comptroller-General of Customs, Bashir Adeniyi, signed for the NCS, while Managing Director of BAT Nigeria, Yarub Al-Bahrani, appended the MoU for his company.
NNPCL Chief Assures Judicious Use of Afreximbank’s Project Gazelle Funding
The US$925 million accordion arrangement raises the total amount disbursed to US$3.175 billion.
WTO says Trade-facilitating policies now outpacing restrictions among members
The WTO says that it’s member countries introduced more trade-facilitating measures than trade-restricting measures on goods, between mid-October 2023 and mid-May 2024. It’s Director-General, Dr Ngozi Okonjo-Iweala, said : ” It’s an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty.” WTO, in its latest Trade Monitoring Update issued on…
MARAN Holds Breakfast Meeting on Trade Facilitation
The Breakfast Meeting is scheduled to be held on July 24, 2024, at the Rockview Hotel, Apapa Lagos.