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1. Prioritise agriculture for export, NEPC advises farmers
The Nigerian Export Promotion Council on Friday advised farmers to prioritise the production of economic crops and trees to tap from the huge potential of export to the international market… Read more
Source: https://punchng.com/prioritise-agriculture-for-export-nepc-advises-farmers/
2. Corporate treasurers urge FG to address forex scarcity
The Association of Corporate Treasurers of Nigeria has urged the Federal Government to address the scarcity of foreign exchange that has continued to plague the country’s economy… Read more
Source: https://punchng.com/corporate-treasurers-urge-fg-to-address-forex-scarcity/
3. FG to begin N22.7tn loan repayment in 2026 –DMO
The repayments of principal to service the loans from the Central Bank of Nigeria through the Ways and Means Advances will begin in four years, this was according to a disclosure by the Debt Management Office on the Securitization of the N22.7tn Ways and Means Advances… Read more
Source: https://punchng.com/fg-to-begin-n22-7tn-loan-repayment-in-2026-dmo/
4. NUPRC plans fast licensing for indigenous oil firms
The Nigerian Upstream Petroleum Regulatory Commission has said that the commission will support indigenous oil and companies with the right policies and regulations to grow… Read more
Source: https://punchng.com/nuprc-plans-fast-licensing-for-indigenous-oil-firms/
5. From beer and bunting to bowlers and biscuits – the coronation in numbers
After a torrid time, the pub trade hopes a new king will justify getting a round in, with predictions landlords will ring up an extra £120m. An estimated 62m pints will be sunk (17m more than usual) thanks to extended opening hours and the lure of special coronation ales behind the bar… Read more
6. US employers added 253,000 jobs in April showing jobs market remains robust
US employers added 253,000 jobs in April, a sign that the resilient jobs market remains robust even after a year of Federal Reserve interest rate rises… Read more
Source: https://www.theguardian.com/business/2023/may/05/us-economy-april-jobs-growth-interest-rates
7. US regional bank shares partially recover but fear of crash lingers
Shares in US regional banks bounced back on Friday, although concerns about the health of the sector have left investors nursing steep losses for the week… Read more
8. Global media coalition, OCCRP links 20 UK Properties to Tinubu, associates
The Organised Crime and Corruption Reporting Project (OCCRP) a global coalition of media outlets committed transparency has Saturday published a story detailing at least 20 properties in the United Kingdom linked to Nigeria’s president-elect, Bola Tinubu and his associates… Read more
9. Millionaire growth in smaller African peers holds lessons for Nigeria
While the number of dollar millionaires in Mauritius, Rwanda, Uganda and Namibia grew in the last decade, it declined in Nigeria, Africa’s biggest economy… Read more
10. Lagos electric bus plan faces familiar foes
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The deployment of electric vehicles (EVs) as part of Lagos State’s bus fleet has been hailed as sustainable and eco-friendly transportation, but analysts say it must contend with issues involving cost, transport congestion, and power cuts to be truly sustainable… Read more
Source: https://businessday.ng/news/article/lagos-electric-bus-plan-faces-familiar-foes/
