Listed FGN Bonds crash 99.9% to 148bn
The value of listed Federal Government of Nigeria, FGN, Bonds on the Nigerian Exchange Limited, NGX, in the 8 months ended August 31, 2023 declined drastically by 99.9% to N148 .2 billion from N1.6 trillion recorded in the corresponding period of 2022. Meanwhile, Vanguard’s findings from the data obtained on the NGX showed that the […]
EXPORT: Customs partner NPA, NEPC to establish processing terminals
The Nigeria Customs Service, NCS, said it partnered with the Nigerian Ports Authority, NPA, and the Nigerian Export Promotion Council, NEPC, to establish five Export Processing Terminals (EPTs) to enhance trade facilitation of non-oil export. Speaking at an enlightenment workshop organised by the Nigerian Shippers Council, NSC, in collaboration with the Presidential Enabling Business Environment Council, […]
IMF: Climate Change Poses Risks to Financial, Price Stability
The International Monetary Fund (IMF), yesterday warned that unless addressed, climate change constitutes risks to price and financial stability in Nigeria and other regional economies. IMF Resident Advisor, Macroeconomics and Climate, Mr. Vimal Thakoor, disclosed this at the opening of the African Training Institute International Monetary Fund (ATI/IMF) workshop with the theme: “Climate Change and […]
Poor collaboration, infrastructure slow digital payment growth
Despite being a leader in telecom adoption in Africa, Nigeria’s digital payment system has been hindered by a lack of collaboration, poor infrastructure, and regulatory framework, writes FELIX OLOYEDE. The Central Bank of Nigeria’s decision last year to reduce the volume of cash in circulation exposed vulnerabilities in the digital payment system. In October last year, […]