Business

Multilateral trade between Nigeria and European Union (EU) member states stood at 19.9 billion Euros in 2016, Fillippo Amato, the Union’s Head of Trade and Economic Sector, said yesterday. According to him, the EU remains the top destination for oil and non-oil exports from Nigeria “Despite the significant effect of recession on Nigeria’s trade, EU-Nigeria trade remains strong, standing at 19.9 billion Euros in 2016. The EU official said the success of the Economic Recovery and Growth Plan (ERGP) launched…
The Managing Director, Bank of Industry, Mr. Olukayode Pitan, says the bank has provided a total of N24bn to industrialists in Kano State. He gave the figure on Sunday in Abuja during a meeting with the Kano State Governor, Abdullahi Ganduje. He stated that that the bank through the disbursement of the funds had generated about 96,000 direct and indirect jobs in the Small Medium Enterprises as well as Micro Small and Medium Enterprises. He said that the funds were…
The Petroleum and Natural Gas Senior Staff Association of Nigeria has alleged that oil marketers may have concluded plans to sack their workers if the Federal Government fails to settle the N720bn debt owed the marketers. PENGASSAN said this in a statement on Sunday, adding that the government’s settlement of the debt would not only avert the imminent sacking of workers, but also engender growth in the oil and gas industry, and develop the nation’s economy. The National Public Relations…
The Central Bank of Nigeria in conjunction with the Nigerian Mortgage Refinancing Corporation, the Mortgage Bankers Association of Nigeria and select micro finance banks took to the streets of Lagos to propagate the right of every citizen to find out how to own a home through mortgage financing. Mrs Nile Osilaja, a consultant to the CBN on mortgage finance, who spoke to our reporter said, “There seems to be a fear around mortgage finance owing to the experiences of the…

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