The Oyo State Governor, Engr. Seyi Makinde, has explained the rationale behind the increasing number of radio stations in the state. The governor stated that before his assumption of office, the stations were 22 but increased to 55 as a result of the viable economy in the state. He stated …
Read More »Shun dependence on foreign products, CBN gov tells Nigerians
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso has called on Nigerians to shun their reliance on foreign products to complement the bank’s efforts for economic recovery. He also advised Nigerians to moderate their demand for foreign exchange to sustainable levels. Cardoso who stated this while briefing …
Read More »BOI to support manufacturers, SMEs with N200bn
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 »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 …
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