Nigerians are in shock, disbelief, and tears after another Ponzi scheme named CBEX crashed early this week. Weeks ago, many who invested in the scheme advertised their newly-found pathway to ‘financial freedom’ on social media with screenshots of account balances from $1,000, $10,000, and $85,000. As of Tuesday morning, their accounts have been blanked, with…
Cover image: CBN Governor, Olayeni Cardoso The Central Bank of Nigeria (CBN) has called on local manufacturers and exporters to explore financing opportunities available through various government agencies as part of broader efforts to ease pressure on the naira and strengthen the country’s export base. Dr Aisha Olatiwon, the Director of Consumer Protection and Financial…
Nigeria has officially gazetted and transmitted the ECOWAS Schedule of Tariff Offers for Trade in Goods under the African Continental Free Trade Area (AfCFTA) to the AfCFTA Secretariat. Nairametrics reports that this move comes ahead of the 16th Council of Ministers Meeting on Trade scheduled for April 15 in Kinshasa, Democratic Republic of Congo, and…
The African Export-Import Bank (Afreximbank) says its goal to make Nigeria permanent regional office, has been achieved with its just commissioned $120 million Afreximbank African Trade Centre (AATC) in Abuja. The President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, said , noting that the project, which began in November 2021…
AnnCon25 served as a vital hub for learning, networking, and driving excellence in the global accreditation community. The Director- General, Standards Organization of Nigeria (SON) Dr. Ifeanyi Chukwunonso Okeke recently participated in AnnCon25: American Association for Laboratory Accreditation’s (A2LA) Annual Conference. The programme took place from the 6th – 9th April,2025, at the Hilton Anatole…
Coffee, cotton, and cacao used to be significant cash crops that earned Nigeria millions of dollars in revenue in the 1960s and 1970s, but have failed, in the last decades, to attract the quality of investment it needs. The National Coffee and Tea Association of Nigeria (NACOFTAN) is embarking on the cultivation of 28,000 hectares…
Mr Dele Oye, the President of the Nigerian Association of Chambers of Commerce Industries, Mines and Agriculture (NACCIMA), is urging the Federal Government to prioritize economic sovereignty and a shift to a homegrown democracy that is both viable and affordable.Oye made the call today in Lagos , during the Vanguard 2025 Economic Discourse. What’s Economic…
For Nigeria, in terms of exports, it’s not too bad because oil minerals are excluded by America from being in any way sanctioned with tariffs. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, said that the Federal Government’s Economic Team will review the impacts of the ongoing global tariff war…
Pascal Gabriel Dozie ,the founder of the defunct Diamond Bank Plc and former Chairman of MTN Nigeria, has died at the age of 85. The family sources, said that he died in the early hours of Tuesday, April 8, 2025, just a day before his 86th birthday, after a battle with an age-related illness. Dozie…
From the 80s up to the late 90s, Sokoto had many functional industries, which included the ceramics, tannery, furniture as well as fertilizer blending plants, among others… Governor Ahmed Aliyu has charged the Sokoto State Chamber of Commerce, Industries, Mines and Agriculture, with promoting the state’s potential to the outside world, especially in the areas…
