The Manufacturers Association of Nigeria (MAN) has advised President Muhammadu Buhari to declare a state of emergency in the sector to save it from total collapse. Its President, Dr. Frank Jacobs, said there was an urgent need to pay attention to the sector to avoid its imminent collapse and attendant consequences on the economy. He said this had become imperative in view of the sector’s high capacity to transform the economy, create...

FMDQ OTC Securities Exchange Plc has announced its readiness to commence listing of Short-Term Bonds , STBs, in the Nigerian fixed income market following regulatory approval from the Securities and Exchange Commission, SEC. The Commission also approved the FMDQ Short-Term Bonds Registration Process and Listing Rules, which were developed in furtherance of its commitment to provide effective market regulation and governance for the markets ...

In a bid to reduce foreign exchange spending on food importation through enhanced funding for agriculture, the Central Bank of Nigeria (CBN) has approved funding for additional rice mills in the country. Meanwhile the Minister of Agriculture, Chief Audu Ogbeh has said that the federal government may soon stop importation of rice into the country given the increased rice production across the country facilitated by the CBN backed Anchor...

The Central Bank of Nigeria (CBN) has disbursed N366.39 billion to 465 projects under the Commercial Agriculture Credit Scheme (CACS) from 2009 to date. The scheme was established to address financing challenges in the entire agriculture value chain: production, processing, storage and marketing or distribution.   CBN Governor, Godwin Emefiele, disclosed this at an international conference on ‘Environment Dialogue 1: ...

The Federal Government is planning to borrow N105bn ($345m) in local currency denominated bonds at an auction on October 12, the Debt Management Office has said.   The DMO said on Tuesday that it would raise N35bn each from debt maturing in 2021, 2026 and 2036, using the Dutch auction system. All the bonds are re-openings of previously issued debt.   Read More...