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Export Stimulation Fund
The Lagos Chamber of Commerce and Industry (LCCI) has urged the Central Bank of Nigeria (CBN) to hasten the release of the N550 billion Export Stimulation Fund to boost the performance of non-oil export sector.
In its bid to diversify the country’s economy away from oil, in line with the Federal Government’s economic plan, the Central Bank of Nigeria (CBN) has announced a revamp of the N500 billion Export Stimulation Fund for the promotion of non-oil exports in the country using the Anchor Borrowers’ Programme model.
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This is the first time that President Mohamed Abdullahi Farmajo’s government has given fishing rights to foreigners since taking office last year.
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48-years old businessman Obi Ofodile has been docked before Federal High Court in Lagos, over alleged importation of 5.3 kg of heroine