The Lagos State Governor, Babajide Sanwo-Olu, is seeking private sector support to achieve $10 billion from agriculture by 2025. This was the focus of the five-year roadmap to develop the agricultural value chains where Lagos State has competitive and comparative advantages. Addressing reporters during the flag off of the Y2021 Agricultural Value Chains Enterprise Activation Programme in Lagos, Sanwo-Olu said ...

Bureau De Change (BDC) operators that violated Central Bank of Nigeria (CBN’s) guidelines on foreign exchange (forex) sales will be identified for sanctions, the Association of Bureaux De Change Operators of Nigeria (ABCON) said yesterday. In its maiden statement after the CBN stopped $10,000 weekly allocation per BDC and licensing of new operators, ABCON said despite the current challenges, BDCs ...

The Special Adviser to the Lagos Governor on Drainage,, has disclosed how Bola Tinubu, National Leader of the party made a lot of Igbo people billionaires in Lagos State. Igbokwe, who is also a chieftain of the All Progressives Congress, APC said that Tinubu persuaded his Igbo friends to invest in Lekki Corridor, some years ago. According to him,  Tinubu’s ...

The International Monetary Fund has released its growth outlook for both Nigeria and the global economy for the year 2021. It stated  that the global economy is projected to grow 6.0 percent in 2021 and 4.9 percent in 2022, while Nigeria’s growth outlook has been maintained at 2.5% The financial institution made this remark on Tuesday in its World Economic ...

The Central Bank of Nigeria CBN has made a drastic decision as regards FOREX in Nigeria. It ordered immediate stoppage of sale of forex to Bureau De Change operators in Nigeria The announcement was made on Tuesday by the CBN Governor, Godwin Emefiele in a communique from the apex bank’s Monetary Policy Committee (MPC) meeting in Abuja. He added that ...

The Monetary Policy Committee (MPC) of the apex bank, Central Bank of Nigeria, CBN has decided to retain the Monetary Policy Rate (MPR) at 11.5%. The announcement was made to the public by the  CBN Governor, Godwin Emefiele while reading the communique at the end of the MPC meeting on Tuesday According to MPC, it has confidence in the ability ...

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has organised a webinar aimed enlightening the public about safe investment. The session themed ‘Investing in uncertain times’ via Instagram, as part of the Stanbic IBTC #BlueTalks series, featured Head, Investment Management, Fadekemi Obasanya, and Fund Analyst, Ekene Nwaokoro, both of Stanbic IBTC Asset Management. It educated the public ...

The Director-General, World Trade Organisation, Dr Ngozi Okonjo-Iweala, has given the assurance that the the trade body is making move towards facilitating  facilitate trade and investments in Nigeria. According to the Nigeria’s former Finance Minister, WTO under her leadership was involved in the actualisation of the African Continental Free Trade Agreement so that Nigeria would benefit more economically. She noted ...

The House of Representatives through its Committee on Public Accounts is set to invite the Minister of Finance, Budget and National Planning, Zainab Ahmed, as  the Nigeria Deposit Insurance Corporation to render its audited accounts reputedly failed to render its account. The house alleged the corporation had yet to tender 2017and 2018 accounts to the office. The committee in the ...

The Lagos chapter of the National Union of Road Transport Workers, locally called agberos, generates about N123.08bn annually, which could service the annual budget of Nasarawa, Niger, and Yobe states put together, a statistical report by the International Centre for Investigative Report has shown. The data, which was released on Thursday, showed that the money was realised through levies on ...