The Bank of Industry has disclosed plans to disburse three categories of funding totalling N200bn to support manufacturers and businesses across the country. According to the bank in a statement, the funds included the Presidential Conditional Grant Scheme, the FGN MSME Intervention Fund and the FGN Manufacturing Sector Fund. It …
Read More »Monthly Archives: February 2024
Banks dollar sale drops, naira weakens to 1,479/dollar
The total value of transactions recorded at the official Nigerian Autonomous Foreign Exchange Market fell from $465.29m on Tuesday and $203.93m on Wednesday, data obtained from FMDQ Exchange showed on Thursday. This indicates a 56 per cent drop in the value of transactions recorded on the FMDQ platform which records …
Read More »Don’t return to club, S’Africans threaten goalkeeper, Nwabali
Some South Africans have issued a threat to Super Eagles goalkeeper Stanley Nwabali, who plays for Chippa United in South Africa, telling him not to return to his county South Africa. This came against the backdrop of his outstanding performance at the African Cup of Nations match between Nigeria and …
Read More »Stakeholders kick against FG ban on sachets, glass bottles, others
Stakeholders are protesting the Federal Government’s decision to forbid the production, distribution, and sale of alcoholic beverages in sachets, PET, and glass bottles with a capacity of less than 200 milliliters, as enforced by the National Agency for Foods and Drug Administration and Control (NAFDAC). On Tuesday, February 6, 2024, …
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