1. Capital importation dips as 27 states attract zero foreign inflow
A total of 27 states attracted zero foreign investments in 2022, as Nigeria’s capital importation dropped by 20 per cent from the $6.7bn recorded in 2021 to $5.3bn in 2022.. Read more
Source: https://punchng.com/capital-importation-dips-as-27-states-attract-zero-foreign-inflow/
2. Oramah Advocates Regulation of Foreign Banks’ Participation in Africa
President/Chairman, Board of Directors of African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has called for the creation of a ‘Domestic Financial System’ that would encourage and attract foreign banks into Nigeria but with strong.. Read more
3. KPMG projects slow GDP growth in 2023
Nigeria’s Gross Domestic Product will grow at a relatively slow pace of 3 per cent in 2023 due to challenges associated with the naira redesign and political transition, a report by KPMG has stated.. Read more
Source: https://punchng.com/kpmg-projects-slow-gdp-growth-in-2023/
4. AFOS Foundation Commits over €5.5m to Agric Interventions
AFOS Foundation, a Germany-based autonomous and charitable foundation developed to support micro and small businesses and the rising middle class in developing and emerging nations said it has committed over €5.5million to agriculture interventions in Nigeria.. Read more
5. Apapa Customs earns N213bn revenue in three months
The Apapa Area Command of the Nigeria Customs Service said it has earned N213bn worth of revenue between January to March 2023.. Read more
Source: https://punchng.com/apapa-customs-earns-n213bn-revenue-in-three-months/
6. Nigeria Under-produces OPEC’s Crude Oil Quota by 30.6M Barrels in Two Months
Nigeria, Africa’s biggest crude producer, drilled 30.6 million less barrels of oil in January and February compared to the quota allocated to the country by the Organisation of Petroleum Exporting Countries (OPEC) during the period, a THISDAY analysis has indicated… Read more
7. NEITI Hails Appointment of Chinery as New Regional Director for NRGI
The Nigeria Extractive Industries Transparency Initiative (NEITI) has welcomed the appointment of Nafi Chinery as the new African Regional Director of the Natural Resources Governance Institute (NRGI)… Read more
8. Nigeria’s economic growth to remain slow at 3% in 2023, says KPMG Report
KPMG in a new report has predicted that Nigeria’s Gross Domestic Product (GDP) will grow at a slow pace of 3 percent in 2023.. Read more
9. NNPCL denies missing N20bn, payment to ghost consultants
The Nigerian National Petroleum Company Limited (NNPCL) has refuted allegations making the rounds regarding theft and payment of ghost consultants by the company.. Read more
Source: https://www.ripplesnigeria.com/nnpcl-denies-missing-n20bn-payment-to-ghost-consultants/
10. Access Bank Partners AfriGOpay to Boost Payment Ecosystem
In a bid to strengthen Nigeria’s financial ecosystem, Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the needs of the Nigerian payment industry… Read more
