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Nigeria’s central bank plans to license more payment providers in an effort to improve the country’s financial-inclusion rate to 80% by the end of next year from about 60%.
“The provision of licenses to several players will help support innovation and competition as all parties work to increase their customer base,” Central Bank of Nigeria Governor Godwin Emefiele said in a speech in Abuja on Friday. “Nigerians in underserved locations will have access to cost effective payment services, cash-in and cash-out facilities, and savings products… More details through: https://www.bloomberg.com/news/articles/2019-11-30/nigeria-to-allow-more-payment-providers-to-boost-banking-access
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Korea’s bilateral trade volume with Nigeria rose to $2billion in 2018, the Korean Ambassador to Nigeria, Lee In-Tae, has said. Ambassador Lee disclosed this in Abuja at the Korea-Nigeria joint partnership infrastructure seminar…
More details through: https://www.dailytrust.com.ng/korea-nigeria-trade-hits-2bn-as-14-coys-show-interest.html Trade volume between Nigeria and Belgium now stands at 3 billion euros annually but that could increase in few years, the Belgium Ambassador to Nigeria, Daniel Dargent has said. Amb. Dargent disclosed this in Lagos yesterday when he led Belgian delegates and officials of the Port of Antwerp International (PAI) to sign a five year partnership agreement with the Nigerian Ports Authority (NPA) to enhance the efficiency of operations in both countries’ seaports.
More details through: https://www.dailytrust.com.ng/nigeria-belgium-trade-volume-hits-3bn-euros.html Business Confidence Index rose by 1.7 index points to 29 index points in November indicating rising optimism in the nation’s macro economy condition. The Central Bank of Nigeria (CBN) disclosed this in its latest Business Expectation Survey report.
The apex bank stated: “At 29.0 index points, the overall confidence index (CI) indicated respondents’ optimism on the overall macro economy in the month of November 2019. The business outlook for December 2019 showed greater confidence on the macro economy, with 59.9 index points… More details through: https://www.vanguardngr.com/2019/11/business-confidence-in-economy-rises-to-29-index-points-cbn/ The Nigerian National Petroleum Corporation, China Petroleum Pipeline Engineering Company Limited and Brantex Consortium have concluded plans for the beginning of work on the Abuja-Kaduna-Kano pipeline project.
NNPC’s Group Managing Director, Mele Kyari, disclosed this on Wednesday when he received the President of CPPECL, Sun Quanjun, and the head of the Brantex Consortium at the corporation’s headquarters in Abuja… More details through: https://punchng.com/chinese-firm-to-build-abuja-kaduna-kano-pipeline/ It has been confirmed that 12 Taiwanese industrialists will soon set up factories in parts of Cross River State.
Governor Ben Ayade made the confirmation in Calabar when he received the entrepreneurs who were in the state to concretise discussions and participate in the Taiwan – Africa Business Association conference… More details through: https://www.dailytrust.com.ng/taiwanese-firms-to-set-up-factories-in-c-river.html The Niger State Government and FrieslandCampina WAMCO Nigeria Plc have signed a Memorandum of Understanding on milk production.
The agreement is for 10,000 hectares of land at the Bobi Grazing Reserve in the state under FrieslandCampina WAMCO’s Dairy Development Programme. President Muhammadu Buhari and the Prime Minister of The Netherlands, Mark Rutte, witnessed the signing of the MoU between the Governor of Niger State, Abubakar Bello, and the President, FrieslandCampina Consumer Dairy, Mr Roel van Neerbos, at the Presidential Villa, Abuja, on Tuesday, the firm said in a statement… More details through: https://punchng.com/milk-production-niger-frieslandcampina-sign-mou/ Nigeria’s manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.
Lending to manufacturing companies in Africa’s most-populous country from May to the end of October totaled 459.7 billion naira ($1.3 billion), the most in two decades, central bank Governor Godwin Emefiele told reporters Tuesday in the capital, Abuja. Output from manufacturing firms was up 1.23% in the three months to September with contribution to real GDP at 8.74%, the the country’s National Bureau of Statistics said in a report last week… More details through: https://www.bloomberg.com/news/articles/2019-11-26/nigerian-manufacturing-wins-big-from-central-bank-s-credit-push Nigeria will be saving about $1.2 billion annually from milk importation from a Memorandum of Understanding (MoU) it signed Tuesday with the Netherlands on dairy chain development.
The agreement was signed between Royal FrieslandCampina WAMCO and the Government of Niger State. Governor Abubakar Sani Bello of Niger State signed on behalf of the Nigerian government, while Ben Langat, Managing Director, FrieslandCampina WAMCO Plc, signed on behalf of the Netherlands… More detailed through: https://businessday.ng/news/article/nigeria-to-save-1-2bn-yearly-on-dairy-mou-with-netherlands/ The Federal Government says it is putting measures in place to stop the export of over 35 million metric tonnes of unprocessed solid minerals per annum.
Special Adviser on Special Duties to the Minister of Mines and Steel Development, Sunny Ekozin, said this while addressing journalists ahead of the forthcoming Nigerian Solid Minerals Downstream Workshop. Ekozin described the indiscriminate export of solid minerals without any form of value addition as unpatriotic, unfortunate and an aberration… More details through: https://punchng.com/nigeria-exports-35mmt-unprocessed-minerals-annually/ |
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