Top Ten:
1. FG boosts maritime safety with 14 boats, others
The Federal Government on Sunday, commissioned 14 enforcement and security boats as well as other infrastructures belonging to the Nigerian Maritime Administration and Safety Agency… Read more
Source: https://punchng.com/fg-boosts-maritime-safety-with-14-boats-others/
2. Oil revenue surpasses solid minerals’ earnings by $393bn – FG
The Federal Government has frowned at the poor contribution of the solid minerals sector to Nigeria’s Gross Domestic Product and revenue generation, as it revealed that oil and gas earnings surpassed revenues from solid minerals by over $392.6bn…Read more
Source: https://punchng.com/oil-revenue-surpasses-solid-minerals-earnings-by-393bn-fg/
3. World Bank set to extend FG’s access to $750m loan
The Federal Government is on the brink of getting a one-year extension to access the World Bank’s $750m concessional loan for Nigeria’s COVID-19 Action Recovery and Economic Stimulus on behalf of the 36 state governments and the Federal Capital Territory… Read more
Source: https://punchng.com/world-bank-set-to-extend-fgs-access-to-750m-loan/
4. High borrowing cost pushes personal loans to N2tn, says CBN
Personal loans declined to N1.75tn in the fourth quarter of 2022 from N1.85tn in the previous quarter, according to the Central Bank of Nigeria. The CBN, in its economic report for the fourth quarter of 2022, noted that there was a total decline in consumer credit due to higher borrowing costs… Read more
5. IFPRI advocates warning systems to avert food crisis
The International Food Policy Research Institute has called on the Federal Government to put in place early-warning agricultural systems in order to avert sudden food crises across the country… Read more
Source: https://punchng.com/ifpri-advocates-warning-systems-to-avert-food-crisis/
6. Nigeria needs more deep seaports – Shipping chamber president
The Managing Director of Sea Transport Group and President of the Nigerian Chamber of Shipping, Aminu Umar, in this interview with ANOZIE EGOLE speaks on the challenges in the country’s maritime sector… Read more
Source: https://punchng.com/nigeria-needs-more-deep-seaports-shipping-chamber-president/
7. Residential buildings converted to business premises without approval risk collapse – NISE president
National President of the Nigerian Institution of Structural Engineers and a fellow of the Nigerian Society of Engineers, Peter Igbinijesu, tells AYOOLA OLASUPO how the engagement of qualified manpower can address the incidence of building collapse in the country… Read more
8. 57% Nigerian businesses suffer fraud during naira scarcity – Report
About 56.52 per cent of businesses suffered fraud and theft during the cash scarcity caused by the naira redesign policy of the Central Bank of Nigeria. This was according to a report by SBM Intelligence, titled ‘Strapped: Impact of the Cash Scarcity on Individuals and Businesses’… Read more
Source: https://punchng.com/57-nigerian-businesses-suffer-fraud-during-naira-scarcity-report/
9. Customs, IMF collaborate on implementation of AfCFTA
The International Monetary Fund (IMF) and the Nigeria Customs Service (NCS), have commenced arrangements to review the status of operations concerning the implementation of rules of origin under the African Continental Free Trade Agreement (AfCFTA)… Read more
Source: https://guardian.ng/business-services/business/customs-imf-collaborate-on-implementation-of-afcfta/
10. At Nigeria’s shipping sector, foreigners call the shot
There are concerns that Nigeria has handed over its destiny in the shipping industry to foreigners, with over 98 per cent of the country’s cargoes shipped by foreign firms, just as the nation relies on foreign laws for dispute resolution… Read more
Source: https://guardian.ng/business-services/at-nigerias-shipping-sector-foreigners-call-the-shot/
