economy + july 2018

Kaduna Inland Container to Attract N146bn cargoes

Nigeria stands to earn more revenue from cargoes worth N146 billion as land-locked countries can now import and export their transit cargoes at the Kaduna Inland Container Deport (KICD). This follows the approval of Form-M granted by the Central Bank of...
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DBN to Reduce Lending Rate for SMEs

In this interview with IFEANYI ONUBA, the Managing Director,  Development Bank of Nigeria, Mr Tony  Okpanachi, speaks on issues affecting the financing of Micro, Small and Medium Enterprises sector of the economy Given that a lot of people may not...
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Government Partners Google on Digital Access

In line with its Economic Recovery and Growth Plan, especially its strategy to diversify the economy by making technology an enabler for forex revenue earnings, the Buhari administration would be actively supporting Google’s Next Billion users plan intended to ensure...
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Hotel Sector Expands on Rising Foreign, Domestic Travellers

Nigeria’s hotel industry achieved double-digit growth in 2017 with increasing foreign and domestic travellers reinforcing the sector’s potential for growth. In a PwC report on hospitality in Africa released yesterday, titled Hotels Fact 2018-2022, Nigeria recorded the largest forecasted expansion...
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Nigeria Woos Importers to Trade Chinese Yuan

Nigeria’s central bank is wooing local businesses importing goods from China to use the yuan instead of the U.S. dollar in its effort to support its naira currency and boost reserves. Central bank officials on Wednesday held a town hall...
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