Business

Lagos State Government opens 40 metric tonnes gas plant in ikorodu
Lagos State Government opens 40 metric tonnes gas plant in ikorodu

The Lagos State Government has opened a liquefied natural gas refill plant with the capacity to supply forty metric tonnes of gas for up to twenty thousand homes. Governor Babajide Sanwo-Olu commissioned the plant at Igbogbo-Baiyeku Local Council Development Area in Ikorodu Local Government Area. Governor Sanwo-Olu said the energy project was set up to help achieve…

Lagos State Governor invites investors from Nordic countries
Lagos State Governor invites investors from Nordic countries

Lagos State Governor, Babajide Sanwo-Olu, has told ministers and investors from the Nordic countries that Lagos is open for investments. The Nordic countries include Denmark, Norway, Sweden, Finland, and Iceland, as well as the Faroe Islands, and Greenland. Governor Sanwo-Olu also says Lagos State is open for collaborations with partners that are willing to take advantage of…

CBN retains lending rate at eleven-point five percent
CBN retains lending rate at eleven-point five percent

The Monetary Policy Committee of the Central Bank of Nigeria has retained the Monetary Policy Rate at eleven point five per cent. The CBN Governor, Godwin Emefiele, disclosed this to newsmen after the committee’s two-day meeting in Abuja. Other parameters left unchanged by the CBN are the Cash Reserve Ratio and Liquidity Ratio at twenty-seven point five…

2021 Intra African Trade Fair ends in South Africa
2021 Intra African Trade Fair ends in South Africa

The 2021 Intra African Trade Fair has ended in Durban South Africa, and the next edition will take place in the city of Abidjan, Côte d’Ivoire, in 2023. This was announced by Nigeria’s former President, Olusegun Obasanjo, at the closing ceremony of the event in Durban. Obasanjo, who spoke in his capacity as Chairman of IATF 2021…

Nigeria’s capital inflow crashes by 80 percent 
Nigeria’s capital inflow crashes by 80 percent 

The Central Bank of Nigeria has reported eighty percent reduction of capital inflow to the country in two years. The CBN’s monthly economic report shows that capital inflow to Nigeria fell from seventeen point one billion naira in July 2019, to three point four billion naira in July 2021. The CBN said the fall is as a…

We are ready for business, President Buhari tells African leaders
We are ready for business, President Buhari tells African leaders

President Muhammadu Buhari has told other African countries that Nigeria is open for business. President Buhari says progress has been made in the reforms of key institutions to encourage the ease of doing business. Buhari also declared that his government has strengthened the fight against corruption and stabilize the economy. The Nigerian leader made the declaration in…

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