Nigeria is requesting manufacturers in China to consider moving their factories to produce in the country in order to quicken its industrisation efforts. The former Minister of Industry, Trade and Investment, Mrs. Nike Akande, bore the minds of the government during the China-Africa (Nigeria) Production Capacity Cooperation symposium held at the Lagos International Trade Fair…
The Central Bank of Nigeria (CBN) has mandated commercial and merchant banks to increased the fee for issuance and replacement of Automated Terminal Machine (ATM) debit/ credit cards by 50 percent to N1,500 from N1,000. The apex bank gave the directive on Thursday in a circular to Banks, Other Financial Institutions and the Public signed…
Global natural gas markets are set to remain tight in 2025 as demand continues to rise and supply expands more slowly than before the pandemic and energy crisis, according to the IEA’s latest quarterly Gas Market Report published today. The report, which provides a thorough review of market developments in 2024 and an outlook for 2025, finds that…
First Bank of Nigeria Limitedhas invested in robotics technology to serve it customers. Accordingly, the bank has inaugurated the state-of-the-art facility where robot attends to customers and their inquiries at its branches located on Adetokunbo Ademola Street, Victoria Island, Lagos; and University of Ibadan. Stating the benefits of FirstBank Digital Xperience Centre, Chief Executive Officer…
BLACK MARKET RATES US DOLLAR (USD) Buy ₦1, 397 Sell ₦1,405 GREAT BRITISH POUND (GBP) Buy ₦1,850 Sell: ₦1,865 EURO (EUR) Buy ₦1, 580 Sell ₦1,600 CANADIAN DOLLAR (CAD) Buy ₦1,030 Sell ₦1,100 SOUTH AFRICAN RAND (ZAR) Buy ₦75 Sell ₦90 UAE DIRHAM Buy ₦350 Sell ₦370 CHINESE YUAN Buy ₦180 Sell ₦200 GHANA CEDI…
The immigrant visa categories being realigned includes immediate relative, IR; family preference, FP; employment-based, EB; fiancée/fiancé, K visas; adoptions; diversity visas; and follow-to-join asylee and refugee, V92/V93, cases
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…
The Federal Government has connected the Agbara Industrial Hub in Ogun State, to the national grid, under it’s Industrial Clusters Power Project. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, disclosed this, during the Nigeria Manufacturers Summit,’ Rethinking Manufacturing’, held at the Presidential Villa in Abuja, yesterday. Before this initiative, none of the businesses…
“My shop practically lives on these platforms, especially Instagram,” Lagos-based baker Fatima Tunde said. “If it’s gone, I’m out of business.”
The Association of Master Bakers and Caterers of Nigeria are going on a nationwide strike from tomorrow-Tuesday, February 27. In a statement on Monday, the National President of AMBCON, Mansur Umar, said unless the Federal Government honours the agreement made with the association in 2020, the strike would commence. It also called for the temporary…
