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Nigeria Export-Import Bank

The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Banks implement new CBN guidelines on debt recovery

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.

GSI: Banks notify customers of move to seize debtors’ funds

As the Global Standing Instruction (GSI) policy of the Central Bank of Nigeria (CBN) came into force at the weekend, many commercial banks have notified customers of their readiness to seize debtors’ funds across financial sector.

Coronavirus: Retired Nigerian doctors, nurses volunteer services

Retired Doctors, Nurses and Laboratory Scientists across the country have volunteered their services to the cause of fighting the novel coronavirus (Covid-19) pandemic spreading across States in Nigeria.
A member of the House of Representatives, Rep. Shehu Koko representing Maiyama-Koko-Besse Federal Constituency of Kebbi State made the plea in a statement made available to journalists on Monday.

Reps member calls for suspension of utility bills

As part of efforts to ameliorate the socio-economic hardship being faced by Nigerians in the fight against the deadly coronavirus, the federal government has been urged to extend her palliative to include suspension of payment of electricity and water bills for the ordinary Nigerians for two months.
President Muhammadu Buhari has ordered the restriction of movements in Nigeria’s capital city Abuja and Lagos, which are the hardest hit by coronavirus in the country.

President Buhari’s speech on coronavirus pandemic — full text

From the first signs that Coronavirus, or COVID-19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures in the event the disease hits Nigeria.

Nigeria loses over N3 trillion in non-oil exports – NEXIM chief

Nigeria has lost about $10 billion (about N3.6 trillion) over the past five decades in non-oil export opportunities, comprising crops such as cocoa, oil palm, cotton and groundnut.
Adeleke Olorunnimbe Mamora

Senator Mamora: Nigeria’s inland waterways underfunded

The Managing Director and Chief Executive Officer of the National Inland Waterways Authority (NIWA), Senator Olorunnimbe Mamora, has said that Nigeria’s inland waterways system is grossly underfunded.
President Muhammadu Buhari

President Buhari asks ministers to submit handover notes

An indication that President Muhammadu Buhari may dissolve the Federal Executive Council (FEC) earlier than the May 29 terminal date of his first term in office emerged yesterday when he asked ministers and agency heads to turn in their handover notes by Wednesday.
President Buhari receiving Report of the Technical Advisory Committee on the Implementation of the National Minimum Wage in State House on 25th Mar 2019 2

Inauguration: President Buhari orders agency heads to prepare handover notes

Ahead of the May 29 inauguration President Muhammadu Buhari’s second term, the Accountant-General of the Federation, Idris Ahmed; the Comptroller-General of the Nigeria Customs Service, Hameed Ali; the Executive Chairman Federal Inland Revenue Service (FIRS), Tunde Fowler, and 11 other heads of agencies under the Ministry of Finance have been ordered to submit their hand over notes on or before April 23.

Okoi Obono-Obla: Oil firms contribute to Nigeria’s economic problems

Some oil companies operating in Nigeria are contributing to the country’s economic adversity, chairman of the Special Presidential Investigation Panel for the Recovery of Public Property, Okoi Obono-Obla, said on Monday.

NEXIM Bank to support agriculture exports with N37 billion

Towards supporting the development of key agricultural products for export, the Nigeria Export-Import Bank (NEXIM) has earmarked the sum of N37 billion for the 36 states of the federation and the Federal Capital Territory (FCT), to diversify their revenue base.

Godwin Emefiele: Why central bank retained monetary policy rates

The Central Bank of Nigeria (CBN) on Monday said its Monetary Policy Committee (MPC) opted to retain monetary policy rates to rein in inflation and stabilise the economy.

Non-oil exports gets N500 billion from central bank

The Central Bank of Nigeria (CBN) has finalised arrangement with Nigeria Export-Import Bank (NEXIM) to assist local manufacturers who are interested in non-oil exports, according to its governor, Mr Godwin Emefiele.

NEXIM Bank board gets new chairman

A former Deputy Governor (Economic Policies) at Central Bank of Nigeria (CBN), Joseph Nnanna, has been named as the Chairman of Board of Nigeria Export Import Bank (NEXIM) by the federal government.

NEXIM offers N500 billion to boost export businesses

The Nigeria Export-Import (NEXIM) Bank has said the federal government has made available N500 billion loanable for businessmen and women who are into production of goods and services for export.

NEXIM restates commitment to revival of Multi-Trex

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

NEXIM restates commitment to revival of Multi-Trex

The Nigeria Export-Import Bank (NEXIM) says it will continue to give necessary support and assistance to the revival of Multi-Trex, a cocoa processing plant in the country.

Lagos Chamber urges central bank to hasten release of N550 billion export 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.

Central bank revamps N500 billion export stimulation und

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.

VAIDS collates tax data of over 5 million individuals, organisations

The data of over five million corporate organisations and individuals in the country have been collected through the Voluntary Assets and Income Declaration Scheme, VAIDS.

NNPC to create one million jobs, establish bio-fuel plant in Ondo

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65,000 million litres bio-fuel plant in Okeluse, Ondo State.

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The Chairman of the Presidential Task Force on COVID-19, Boss Mustapha, disclosed this at a press briefing in Abuja.

Nigeria threatens to ban flights from UAE, Netherlands

The task force said the Ministry of Aviation and its relevant agencies have been mandated to take the necessary reciprocal measures as may be permissible under the laws and other international obligations expected to be discharged against Emirates airlines operating from the UAE and other airlines from The Netherlands.
Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

Manchester United boss rules out late title push despite derby win

Manchester United boss Ole Gunnar Solskjaer is refusing to dream of a late title push, believing Manchester City are “too far ahead” despite yesterday’s superb derby win.

NIOB, PSN, 28 others seek more roles for Nigerian professionals

Nigerian Institute of Building (NIOB), Pharmaceutical Society of Nigeria (PSN) as well as 28 other bodies under the umbrella of the Association of Professional Bodies of Nigeria (APBN) have called for more patronage of indigenous professionals.
Africa Development Bank (AfDB) is planning to invest $10 billion for the expansion of renewable energy projects in the continent, over the next five years.

AfDB approves $1.3 million grant for female financial inclusion research in Africa

The African Development Bank (AfDB) has approved two grants worth $1.3 million for research aimed at increasing women’s access to a range of digital financial services on the continent.
Liverpool manager, Jurgen Klopp, has confessed that his boys were tired and not ready to play and paid dearly for the defeat against Brighton.

Jurgen Klopp hopes for respite for struggling Liverpool

Liverpool manager Jurgen Klopp hopes a change of competition will give his side a break from their wretched Premier League form that has put their chances of a top-four finish in jeopardy.

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Oyo council polls: PDP members accuse governor of imposition

Some members of the Peoples Democratic Party (PDP) in Oyo State have protested the alleged imposition of candidates on them by Governor Seyi Makinde ahead of the local government election in the state.
The supreme court, on Friday, dismissed a suit filed by Shell Petroleum Development Company of Nigeria (SPDC), seeking the review of a judgment ordering it to pay N17 billion to some Ogoni communities in Rivers state.

Supreme court rules on Rivers APC crisis

After 6 years of internal crisis, the Supreme Court has cleared all the hurdles hampering the progress of the All Progressives Congress (APC) in Rivers State.
FILE PHOTO - Farmers shout slogans as they take part in a three-hour chakka jam or road blockade, as part of protests against farm laws on a highway on the outskirts of New Delhi, India, February 6, 2021. REUTERS-Adnan Abidi

Indian farmers block highway outside Delhi to mark 100th day of protest

Indian farmers began gathering on Saturday to block a six-lane expressway outside New Delhi to mark the 100th day of protests against deregulation of agriculture markets, to add pressure on Prime Minister Narendra Modi’s government
Brazil Football great Pele has received the first dose of the COVID-19 vaccine jab on Tuesday. The football legend received the jab in Brazil.

Brazil football great Pele receives first dose of coronavirus vaccine

Brazil Football great Pele has received the first dose of the COVID-19 vaccine jab on Tuesday. The football legend received the jab in Brazil.
Tokunbo Awolọwọ-Dosunmu

Nigeria today faces an unprecedented threat to its very existence

It is a great honour and privilege for me to welcome you to the 2021 edition of the annual Ọbafẹmi Awolọwọ Lecture Series. Chief Awolọwọ was born 112 years ago today.