Says Buhari supports policy Policy will affect SMEs, Abuja Chamber says We won’t be rigid on cash withdrawal limit — Emefiele Despite criticisms trailing the Central Bank of Nigeria’s (CBN) newly introduced policy on cash withdrawal limits, CBN Governor, Godwin Emefiele, has said the policy is not meant to hurt anybody but to strengthen the […]
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The MediaTek Dimensity 9000-powered, two-model series includes the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera and delivers an exceptional user experience. TECNO’s premium sub-brand, PHANTOM, launched its new flagship PHANTOM X2 Series, including the world’s first smartphone to feature a retractable portrait lens comparable to a professional camera. […]
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Snail farming is one of the sustainable, money-spinning Agribusinesses that most Nigerians ignore. Also known as heliculture, snail farming is a process of raising edible snails for human consumption or cosmetic purposes. Snail is a common delicacy and healthy meat, credited with a very healthy source of protein, phosphorus, calcium and iron, and low in […]
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A woman takes Nigerian Naira from a bank’s automated teller machine (ATM). Credit: Reuters/Akintunde Akinleye Cases of fiscal mismanagement leading to high levels of trust deficit and lack of confidence in public institutions have been identified as factors limiting Nigeria’s potential and aggravating its economic woes. Economists believe that the inability of most Nigerians to […]
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Manufacturers insist policy may lead to business collapse, job loss World Bank backs move The purpose of the proposed finance bill 2023 fiscal year should not be about mobilising more resources for the government but promoting the health of Nigerians and boosting the manufacturing sector. This was the view of Industry stakeholders, as they increasingly […]
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More pressure on households as food inflation spikes; Photo: Sunday Akinlolu • As inflation climbs to 21.09% • Economists seek end to CBN budget deficit financing • Urge FG to increase support for agric, tackle flooding challenge • ‘Monetary, fiscal authorities helpless in dealing with rising inflation’ As expected, Nigeria’s inflation rate accelerated to a […]
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NCC rejects Airtel’s administrative spectrum assignment request Regulator to consult widely on MTN’s desire Stakeholders decry high cost, want NCC to consider forex challenges MTN’s interest in additional Fifth-Generation (5G) spectrum licence is currently causing serious rancor among other operators and stakeholders in the industry. Indeed, other operators and stakeholders, who were against MTN’s move, […]
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The Central Bank of Nigeria has stopped disbursing funds to farmers under the Anchor Borrowers Programme which started in 2015, but beneficiaries kicked against this on Thursday. Presidents of 68 agricultural commodities’ associations told journalists in Abuja on Thursday that the apex bank stopped supporting farmers under the ABP scheme since 2021. They called on […]
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Employers of labour in the food and beverage sector have concluded plans to leave Nigeria and relocate their factories to neighbouring West African countries over alleged outrageous excise duty on carbonated drinks and multiple taxation by the Federal Government. The employers, who called on the Federal Government to take urgent action to save the business […]
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FBNQuest has expressed concerns about Nigeria’s inflationary trend, noting that the present currency depreciation may further aggravate the country’s inflation outlook, especially as local prices begin to reflect import pass-through costs. Indeed, local producers have continued to complain about poor access to foreign exchange for the purchase of critical raw materials for production. With the […]
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