Business

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 …

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 …

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, …

There are strong indications that the fuel crisis may begin any moment soon following the resurgence of long queues outside some filling stations in parts of Lagos State on Monday. The situation is occasioned by the scarcity of Premium Motor Spirit popularly called fuel. Some of our correspondent observed that …