BizWatchNigeria.Ng Latest Business News in Nigeria September …
WEB700,000 Manufacturers, MSMEs Apply For FG N150bn Loan. August 12, 2024. Approximately 700,000 manufacturers and micro, small, and medium-sized firms have indicated their desire to receive the N150 billion loan from the Federal Government, which...
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WEBNigeria’s Crude Oil Production Rises 3.44% In August – OPEC. September 12, 2024.
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Coca-Cola Set To Invest $1 Billion In Nigeria
WEB2 days ago · In a statement, the business stated that over the next five years, with a predictable and conducive environment in place, the System intends to increase its investments in Nigeria to $1 billion. The initiative extends the System’s long-standing participation in Nigerian communities. Coca-Cola Hellenic Bottling Company, also …
CBN Targets N50 Billion from Cybercrime Tax - BizWatchNigeria.Ng
WEB1 day ago · Vincent Nwani, an economist and investment specialist, remarked, “The CBN is expected to raise N50 billion from the cybersecurity levy by 2024.”. Data from the Nigeria Inter-Bank Settlement System indicates that electronic payments totaled N987 trillion between 2022 and 2023. By applying the 0.005 percent levy to …
FG Reports Nigeria’s GDP Reaches N60.93 Trillion
WEB1 day ago · The Federal Government has reported that Nigeria’s nominal Gross Domestic Product (GDP) reached N60.93 trillion in the second quarter of 2024, indicating substantial economic growth. The government reiterated its dedication to implementing policies aimed at identifying inefficiencies and ensuring resources are effectively utilized.
Economic Outlook 2024: NGX Emphasizes Capital ... - BizWatchNigeria.Ng
WEBJan 16, 2024 · In a recent Board Strategy Retreat, Bismarck Rewane presented the Economic Outlook for 2024, focusing on investment opportunities and risks. The Nigeria Exchange Group (NGX), a pioneer market operator, outlined its goals as a vital player in the country's economic landscape. NGX, having transitioned from a Lagos-based fringe player to a global entity, now operates
Nigerian Oil Revenue Soars 83%, Surpassing N8.5 Trillion in Q3- NBS
WEBDec 5, 2023 · In a remarkable surge, Nigeria's foreign trade for the third quarter of 2023 witnessed a substantial year-on-year increase of 53.16 percent, soaring to a total value of N18.80 trillion. This surge was driven by an astonishing 83.23 percent growth in crude oil revenue, reaching N8.54 trillion dur
Nigeria’s Eurobond Yield Rises As Markets Expect Rate Competition
WEB2 days ago · In Nigeria’s sovereign Eurobonds market, sell pressure at the short, mid, and long ends of the yield curve led to a 0.07% increase in the average yield to 9.70%, according to analysts at Cowry Asset Limited. The SSA Eurobonds closed bearish today. Most investors remained skeptical about the magnitude of the …
Funding: Nigerian Start-ups Dominate Africa - BizWatchNigeria.Ng
WEBDec 1, 2021 · Nigerian start-ups have beaten other start-ups in Africa having raised $1.37 billion so far in 2021 out of the $4.42 billion raised in Africa (as at November). African tech startups in 2021 raised $4.42 billion in funding- almost double the record-breaking $2.4 billion raised in the previous year (2020). “With investment in African innovation increasing,
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