Business

By Oluwakemi Kindness The Bank of Industry, BOI says about one hundred and forty large manufacturing companies will receive loans of up to one billion naira at single digit interest rates. BOI’s Managing Director, Dr. Olasupo Olusi, stated this in Abuja on Wednesday during its inaugural public lecture series saying this is under the seventy five billion naira Manufacturing Sector Fund. Dr. Olusi said the funds under this program have […]

By Oluwakemi Kindness The Managing Director, Nigeria Export Processing Zones Authority, NEPZA, Dr. Olufemi Ogunyemi, has won election into the Board of the World Free Zone Organisation (WFZO) in Dubai. African participants, and their counterparts from Europe and Latin America at this year’s World Free Zone Congress rendered their block votes that led to his election. The Management of the Nigeria Export Processing Zone Authority said it views this concerted […]

Oluwakemi Kindness The National Sugar Development Council (NSDC) is partnering with the Abuja Chamber of Commerce and Industry (ACCI) to seek potential collaborations that can add value to the Council’s search for serious investments into the sugar subsector. Discussions on the pact commenced with the visit of ACCI leadership led by Emeka Obegolu, SAN, to the Executive Secretary of the Council, Kamar Bakrin. Bakrin who shared the history and mandate […]

The Central Bank of Nigeria (CBN) has offered eight hundred and seventy six million dollars to fulfil bids submitted by customers at an auction concluded on Wednesday, August 7, 2024. This is the latest testament to the CBN's ongoing commitment to support the proper functioning of the foreign exchange market by enhancing liquidity when necessary. A statement on Wednesday by the Director of Cooperate Communication, Hakama Sidi-Ali, said in line […]