Good morning, here is a round-up of the latest Nigerian business news you need to know.
Senator Abiru Unveils N100m Loan Scheme For MSMEs
Senator Tokunbo Abiru, representing Lagos east, has unveiled a N100 million business loan support for micro, small and medium enterprises (MSMEs). Read more
Naira Sees 3.6 Percent Appreciation At Parallel Market, Trades At N540/$1
The Naira gained 3.6 percent to trade at N540/$1 at the parallel market, this comes after almost four months since the Central Bank of Nigeria (CBN) halted the sale of FX to Bureaux De Change (BDCs) operators. Read more
Heritage Bank, CBN Adopt Novel Approach To Boost Wheat Production Capacity
In a bid to meet high demand amid poor production capacity of wheat, the Central Bank of Nigeria and Heritage Bank Plc have adopted a novel but more robust approach to boost local production and reduce dependence on importation. Read more
FEC Okays 5-year National Development Plan
The Federal Executive Council (FEC) has granted approval for the 2011-2025 National Development Plan (NDP) with an investment size of N348.7 trillion. Read more
We Are Prepared To Support Nigeria In Boosting Export, Industrialization – Chinese Envoy
China’s ambassador to Nigeria, Cui Jianchun, has stated that his country is prepared to collaborate with Nigeria to develop her value-added industries, in order to improve exports and grow the economy. Read more
National Development Plan: FEC Earmarks N140bn For Sports Ministry
For the first time in Nigeria’s National Development Plan, sports have now been included as a business enterprise with the goal of injecting N80 billion into the nation’s sports development and N60 billion earmarked for youth development targeting on building entrepreneurship and overall human capital development now classified as under social development over a period of 4 years, from 2021-2025. Read more
Emefiele Urges French Investors To Invest In Nigeria
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has asked French investors to invest in Nigeria, describing the country as Africa’s best investment destination. Read more
