CBN, MOF sign pact to harmonise monetary and fiscal policies
Fiscal and monetary policies remain two important and complementary instruments for the management of a modern economy.
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Egypt raises natural gas prices for industries amid volatile energy prices
• A gas filing station / Reuters image Egypt has raised natural gas prices for several energy-intensive industries starting in May, according to a prime ministerial decree published on Sunday. Reuters reported that the government has already raised domestic fuel prices by up to 17% in March in response to soaring global energy costs, and…
MAN President Dangles Bigger Gains of Dangote Refinery to Economy
Francis Meshioye, the President of the Manufacturers Association of Nigeria (MAN), says that the Dangote Petroleum Refinery needs all the support of Nigerians – the government, regulators and Marketers, to enable it to perform optimally. “The Refinery will be a reliable source of fuel and petrochemical products that are essential for capacity utilisation and value addition…
The Solution to Lagos Plastic Waste Ban – Ajayi-Kadir
• Inside Innoplas factory during the visit “The solution to Lagos’ plastic waste challenge is not the blunt force of outright ban,” but the deliberate design of integrated waste collection systems, investment in recycling infrastructure, and circular partnerships between government and industry.” The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, commented when…
Unlocking ₦84trn Banks’ Idle Funds For Lending To Manufacturers…
Nigeria’s challenge is no longer simply mobilising capital; it is creating the conditions under which banks can profitably lend that capital to businesses capable of producing, expanding, exporting and creating jobs,writes FRANKLIN OCHENEYI • Image: Dangote Petroleum Refinery, Lagos. RECENTLY, the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso , urged commercial banks to lend…
CBN allows Opay, Moniepoint other digital banks to open branches nationwide
Licensed institutions are required to establish physical branches or service centres in key locations, improving access for customers who need in-person support.
PZ Cussons to continue manufacturing in Africa
PZ Cussons based its latest decision on improving economic indicators in Nigeria and strong population growth projections across the continent.
FG Begins Merger of NIPC and NEPC… To Cut Governance Costs
” The 800-page document recommended the scrapping and merging of 220 out of the then-existing 541 government agencies.” Nigerian Investment Promotion Commission to be merged with Nigerian Export Promotion Council…,” said Hajiya Hadiza Bala-Usman, Special Adviser to the President on Policy Coordination. Bala-Usman made this known, today, after the end of the second Federal Executive…
Dangote Tables Action Plans to Make Nigeria Africa’s Oil Industry Hub
▪︎Aliko Dangote with Sen Heineken Lopkobiri. Photo credit: Sen Heineken Lopkobiri’s X. In Summary 1. Nigeria and Africa can become completely self-sufficient in petroleum products, and saves annual imports bill of $17 billion. 2. Nigeria must develop a refining capacity of 1.5 million barrels per day and prioritise domestic crude supply obligations. 3. He urged…
Nigeria Assures Trading with U.S. Despite Tariff Threats to Export Goods
Dr Jumoke Oduwole, the Honourable Minister of Industry, Trade and Investment , says that the Federal Government of Nigeria will continue trading with America not minding the recent tariff measures announced by the Government of the United States of America which imposed a 14 percent tariff on Nigerian exports. In a Position Statement on U.S….