Economy
Business Economy Features/Opinion

Greasing wheels of SMEs in Oyo State through SAfER

By David Adeoye Economic experts have acknowledged that Small and Micro Enterprises (SMEs) are a major sector contributing significantly to the nation’s economy. Consequently, they play a pivotal role in poverty reduction. In Oyo State, SMEs form the backbone of the state’s economic activities and contribute to achieving sustainable development goals aimed at mitigating economic […]

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Banking & Finance Economy

CBN caps FX position for banks, dollar bonds drop

The Central Bank of Nigeria, on Wednesday, announced limits on how much banks can hold in foreign currencies and expressed concern about the growing forex exposures on their balance sheets after the local currency tumbled against the U.S. dollar. Nigeria’s currency fell to a record low on the official market on Tuesday, slipping below the unofficial […]

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Business Economy

Group urges FG to invest more in SME’s to tackle poverty

From Our Correspondent Mr Prosper Okafor, President of Crusade for Greater Nigeria on Poverty Eradication and Social Matters (CFGN), has urged the federal and state governments to invest more in Small and Medium Enterprises (SMEs). Okafor said in Abuja, on Monday, that this would improve job creation and ensure poverty alleviation at all levels. According […]

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Business Science & Technology

Omniverse holds tech, creativity, entrepreneurship summit in Lagos

By Abdulfatah Babatunde The Omniverse, a convergence platform for the brightest minds across African innovation, creativity and entrepreneurship will launch its inaugural Summit in Lagos, Nigeria, TheNewsZenith reports. APO Group said in a statement mailed to TheNewsZenith that the platform is co-created with Innovation Support Network (ISN) as an ecosystem partner. ISN, it added, is […]

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Environment Mortgage

FG reviews conditions, procedures for sale of houses

From Our Correspondent  The Federal Government is reviewing the conditions and procedures for the sale of houses under the National Housing Programme (NHP). The Permanent Secretary in the Federal Ministry of Housing and Urban Development, Mamuda Mamman, announced this in a press statement at the weekend in Abuja. “The ministry is currently in the process […]

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Economy National

NCS releases N24.4m, smuggled rice-loaded bullion van

From Our Correspondent The Nigeria Customs Service (NCS), Ogun Area Command II, has released a rice-loaded bullion van impounded in April 2022 on the order of Comptroller-General of Customs, Bashir Adeniyi. The Customs Area Controller, Olusola Alade, announced this to journalists, on Friday, in Abeokuta. Alade said Customs impounded the van after being found to […]

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Economy General

Senate raises Appropriation by N1.2trn, passes 2024 Budget

From Our Correspondent The Upper Chamber of the National Assembly, on Saturday in Abuja, passed the 2024 budget after a third reading. Before the budget, senators increased the bill by N1.2tn, raising the total appropriation to N28.7 trillion from N27.5 trillion. With a voice vote by the Senate President, Godswill Akpabio, the Senate passed the […]

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Foreign News Industry

Robot attacks Tesla factory engineer

A malfunctioning robot has attacked a Tesla software engineer, who suffered serious injuries on the floor of the electric car maker’s factory in Austin, Texas. Witnesses told the Information, a news site that the robot pinned the engineer and sank its metal claws into his back and arm. Tesla engineers design the robot to move aluminium […]

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Economy General

Edun explains why FG is eyeing Islamic finance

  By Our Correspondent Finance Minister & Coordinating Minister for the Economy, Wale Edun, says the world could no longer afford the “elevated high levels” of interest-based financing. Edun made the remarks at a forum organised by the Security Exchange Commission (SEC) and the Islamic Financial Services Board (IFSB) in Abuja. Citing man-made and natural […]

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Economy Foreign News

Rwanda gets IMF’s $268m funding for climate shocks response

The Rwandan Government has secured $268 million from the International Monetary Fund (IMF) to confront climate shocks, the Ministry of Finance has said. IMF approved the funding under the new Standby Credit Facility, on Thursday. “The government will use the fund to boost the balance of payments,” the ministry said on social media platform X, […]

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