Economy
Banking & Finance Economy

CBN, IFC collaborate to boost local currency financing

By Abdulfatah Babatunde The International Finance Cooperation (IFC) and the Central Bank of Nigeria (CBN) have signed a collaborative agreement to increase local currency financing. TheNewsZenith reports that Hakama Sidi-Ali, the CBN’s acting Director of Corporate Communications, announced the partnership in a statement on Monday in Abuja. Sidi-Ali stated that the agreement was to enable private […]

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Oil & Gas Politics

Seplat/Mobil deal: Giant step to boost crude production – TMSG

By Abdulfatah Babatunde The Tinubu Media Support Group (TMSG) has described the approval of the Seplat/ExxonMobil divestment deal and other related agreements as clear proof of the Tinubu administration’s readiness to boost Nigeria’s crude production capacity. TheNewsZenith reports that the approval is capable of pushing Nigeria’s daily crude oil production to four million barrels/day by […]

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Economy General

World Bank VP wrong on Obasanjo’s economic reforms – TDF

  By Abdulfatah Babatunde The Democratic Front (TDF) has critiqued the World Bank for attempting to use President Olusegun Obasanjo’s regime as the benchmark for validating President Bola Ahmed Tinubu’s Renewed Hope Economic Agenda. TheNewsZenith reports that TDF, however, noted it agreed with some of the bank’s submissions. TDF insisted that the two scenarios were […]

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Business Economy

NEPC’s centre to empower youth, women – Minister

By Our Correspondent The Federal Government has inaugurated the Export Skills Acquisition Centre (ESAC) under the Nigerian Export Promotion Council (NEPC) to enhance capacity building for the youths and women. TheNewsZenith reports that the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, announced this at the inauguration of the centre on Friday in Lagos. ESAC […]

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Business Economy

ICCI, German partners train 70 women entrepreneurs

By Our Correspondent The Ikorodu Chamber of Commerce and Industry (ICCI), with the German Chamber and Association Partnership Project (KVP), jointly trained 70 female Small and Medium-sized Entrepreneurs (SMEs). TheNewsZenith reports that the capacity training took place at the ICCI centre in Ikorodu on Thursday, Lagos State. The training’s theme is “Navigating Legal and Regulatory Issues: […]

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Economy General

Nigeria’s economy transiting to another model – IMPI

From Our Correspondent Publicly available data have shown that the Nigerian economy is responding progressively to the economic policies of the President Tinubu administration, a policy think-tank, the Independent Media and Policy Initiative (IMPI), has said. IMPI’s Chairman, Dr Niyi Akinsiju made the assertion in a statement emailed to TheNewsZenith on Monday. This, the group […]

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Economy Foreign News

Russia urges BRICS partners to create alternative to IMF

Russia, which chairs the BRICS group this year, has called on its partners to create an alternative to the International Monetary Fund (IMF). This is to counter political pressure from Western nations before the Brics summit later this month. BRICS, originally comprising Brazil, Russia, India, and China, has expanded to include South Africa, Egypt, Ethiopia, […]

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Business General

MediaFuse-Dentsu wins 2024 marketing group award

By Our Correspondent MediaFuse-Dentsu, a leading advertising agency network powerhouse, has emerged as the “Outstanding Marketing Communications Group” in Nigeria for 2024. The agency and other notable media agencies and advertising personalities within the group won the awards at the National Marketing Stakeholders Summit and Awards 2024 in Lagos. The NewsZenith reports that Marketing Edge […]

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Economy General

Apapa Customs command nets N1.6trn revenue in Q3

By Opeyemi Mohammed The Apapa Port Command of the Nigeria Customs Service (NCS) generated N1.61 trillion between July and September, TheNewsZenith reports. Comptroller Babatunde Olomu, who heads the Area Command, announced the revenue figure in a statement on Monday in Lagos. Olomu said the figure exceeded the N1.17 trillion collected as total revenue in 2023. […]

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