1. Lagos set to bridge 15,000 skill gaps in built industry
The Lagos State Governor, Babajide Sanwo-Olu, has said that his administration would create additional youth empowerment centres to bridge the over 15,000 skill gaps in the built sector… Read more
Source: https://punchng.com/lagos-set-to-bridge-15000-skill-gaps-in-built-industry/
2. Chinese loan rises by $800m in one year, hits $4.73bn
Nigeria’s debt to China increased from $3.93bn as of June 30, 2022, to $4.73bn as of June 30, 2023, showing an increase of $800m in one year… Read more
Source: https://punchng.com/chinese-loan-rises-by-800m-in-one-year-hits-4-73bn/
3. Importers return to parallel market as naira rebounds
Importers have returned to the parallel market to source for their forex needs as liquidity challenges persist in the official market, analysts have said… Read more
Source: https://punchng.com/importers-return-to-parallel-market-as-naira-rebounds/
4. Naira depreciation ’ll affect volume of imports — Stakeholders
A group of freight forwarders known as Patriots Anti-Corruption Initiative, T-PACI, has indicated that current pressures on foreign exchange supply and the consequent sharp depreciation of the Naira will soon crash the volume of Nigeria’s imports… Read more
Source: https://www.vanguardngr.com/2023/10/naira-depreciationll-affect-volume-of-imports-stakeholders/amp/
5. Nigerians spend $340.84m forex on education in six months – CBN
Nigerians seeking admissions to foreign universities spent $340.84m to fund their application between January and June 2023, findings by the PUNCH have shown… Read more
Source: https://punchng.com/nigerians-spend-340-84m-forex-on-education-in-six-months-cbn/
6. Technology key to insurance industry growth —NAICOM
The National Insurance Commission, NAICOM, has emphasized the need for the insurance industry to embrace technology to facilitate growth and archive the N1 trillion gross premium target it has set for end of 2023… Read more
Source: https://www.vanguardngr.com/2023/10/technology-key-to-insurance-industry-growth-naicom/amp/
7. FG to import €1.2m equipment for Eko Bridge rehabilitationÂ
The Minister of Works, Dave Umahi, has said the government needs to import construction equipment worth €1.2m to effectively perform rehabilitation works on the Eko Bridge in Lagos State… Read more
Source: https://punchng.com/fg-to-import-e1-2m-equipment-for-eko-bridge-rehabilitation/
8. AFREXIM, Fidelity Bank, JohnVents seal $40m cocoa export dealÂ
Fidelity Bank, African Export-Import Bank and agribusiness firm, JohnVents Industries have signed a $40m cocoa export deal at the Fidelity Bank International Trade and Creative Connect held in Houston, United States of America… Read more
Source: https://punchng.com/afrexim-fidelity-bank-johnvents-seal-40m-cocoa-export-deal/
9. Sterling Bank plans N1bn for agro-innovatorsÂ
Sterling Bank says it is committing N1bn to agro-innovators at the upcoming 5th edition of its annual event, Agric Summit Africa, known for its contributions to the agriculture sector… Read more
Source: https://punchng.com/sterling-bank-plans-n1bn-for-agro-innovators/
10. Challenging P$ID fraud saved Nigeria $15bn – BuhariÂ
Former President Muhammadu Buhari, on Sunday, said the country would have paid $15 billion if it had lost the case against the international firm, Process & Industrial Development Limited… Read more
Source: https://punchng.com/challenging-pid-fraud-saved-nigeria-15bn-buhari/
