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Economy

125 Results / Page 2 of 14

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Economy

SEC Warns Investors Against Dealing with CBEX, Super Technology

By Oluwakemi Kindness The Securities and Exchange Commission has raised the alarm, cautioning Nigerians against transacting with Crypto Bridge Exchange (CBEX) and St.Technologies International Limited, also known as Smart Treasure/Super Technology. The causation on Wednesday followed reports indicating that CBEX (Crypto Bridge Exchange), operating under the corporate identity of ST Technologies International Ltd, also known as Smart Treasure/Super Technology, has resumed operations across Nigeria. The Commission in a statement by it […]

todayJune 11, 2025 8 2

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Economy

Nigeria Targets $2.5bn Global Beef Market Through Strategic FDI

By Oluwakemi Kindness In a strategic move to position Nigeria as a major supplier of quality beef to both domestic and international markets, the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL Plc), in collaboration with the Federal Ministry of Livestock Development, has launched a Feedlot Management Training Programme. The programme, which held its inaugural session in Abuja, is designed to equip livestock value chain stakeholders with the technical […]

todayJune 3, 2025 6 3

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Economy

Nigeria, East/Southern Africa Launch Air Cargo Trade Route

By Oluwakemi Kindness The Nigeria Customs Service, in collaboration with the Federal Ministry of Industry, Trade and Investment, has commissioned the inaugural Nigeria–East/Southern Africa Air Cargo Corridor. The Air Cargo Corridor marks a major milestone in regional trade facilitation and continental integration under the African Continental Free Trade Area (AfCFTA) framework. The historic flag-off event held on Sunday, at the Nnamdi Azikiwe International Airport, Abuja, drew key government stakeholders and […]

todayMay 26, 2025 5

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Economy

Ponzi Operators in NIgeria to Face ₦10 Million Fine– IST Boss

By Oluwakemi Kindness The Investments and Securities Tribunal (IST), says the newly enacted Investments and Securities Act prescribes punitive measures of no less than ten million naira against operators of Ponzi schemes. This is according to the Chairman of the IST, Amos Azi, who stated this at the weekend in Abuja during a stakeholders' engagement meeting towards unveiling the Tribunal’s new e-filing platform. He notes that the repealed 2007 Act […]

todayMay 26, 2025 19 3

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Economy

NSIA Set to Host Fourth Annual Africa Sovereign Investors Forum

By Oluwakemi Kindness The The Nigeria Sovereign Investment Authority is set to to host the fourth annual meeting of the Africa Sovereign Investors Forum (ASIF 2025) in Abuja, Nigeria. The forum will spotlight the pivotal role of sovereign wealth funds and institutional investors in mobilizing regional and international capital to drive inclusive growth and transformation across the African continent. This high-level convening themed “Leveraging African Sovereign Wealth Funds to Mobilise […]

todayMay 26, 2025 14 2

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Economy

Tinubu’s Reforms Drive ₦1.3 Trillion Customs Revenue in Q1 2025

By Oluwakemi Kindness The Nigeria Customs Service (NCS) has recorded an unprecedented revenue of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion collected during the same period in 2023. Comptroller-General of Customs, Adewale Adeniyi attributes this remarkable growth to transformative reforms under President Bola Tinubu's Renewed Hope Agenda, as revealed in an upcoming State House documentary marking the President's second anniversary. Adeniyi highlightes that […]

todayMay 25, 2025 6 5

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Economy

Federal Government Reviews Economic Priorities in Trade and Investment

By Oluwakemi Kindness The Federal Government has taken a significant step towards repositioning Nigeria's economy, as the Economic Management Team (EMT) convened to assess Nigeria’s trade strategy, investment climate, and infrastructure planning. The session Chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, in his office in Abuja underscored the government’s commitment to positioning Nigeria as a competitive, investor-friendly economy through coordinated policy reforms and […]

todayMay 23, 2025 11 1

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Economy

P&ID Case Lawyers Urge Procurement Reform, Applauds CBN Legal Counsel

By Oluwakemi Kindness The Federal Government has received critical recommendations from foreign legal counsel who successfully represented Nigeria in the high-profile legal battle against Process & Industrial Developments Ltd. (P&ID), aimed at preventing future contractual disputes. The legal experts emphasized the importance of implementing robust safeguards when entering into high-value contracts. Central to their recommendations is the need to strengthen the nation's procurement processes and ensure comprehensive due diligence on […]

todayMay 23, 2025 15 2 2

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Economy

CBN Reassures Public on Banking Sector Stability

By Oluwakemi Kindness   The Central Bank of Nigeria, CBN, has reassured the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. The reassurance by the CBN follows certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution. The CBN in a statement says like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements, […]

todayMay 20, 2025 7 5

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