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N3.28trn: Nigeria Renews Currency Swap With China
Nigeria has renewed its bilateral currency swap agreement with China, a move that underscores the deepening financial and economic cooperation between the two nations. The Central Bank of Nigeria (CBN) and the People’s Bank of China (PBOC) announced the renewal of this arrangement on Friday, with the agreement amounting to 3.28 trillion Nigerian naira, equivalent to approximately 15 billion yuan or 2.09 billion U.S. dollars. This renewal signifies a continued […]
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How To Attract The Right Customers To Your Business
It’s pretty obvious that without customers, you don’t have a business. But, attracting new customers doesn’t happen automatically. You have to find ways to reach them, draw them in, and […]
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Over 50 Million Informal Businesses Operate In Lagos
The Lagos State Manager for the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr. Olubunmi Kole-Dawodu, has brought attention to the fact that over 50 million informal businesses […]
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Credit Guarantee Scheme: Tinubu Excites MSMEs
From the tech startups in Yaba to the artisan workshops in Aba, Nigerian President Bola Tinubu’s proposed the National Credit Guarantee System (NCGS) could prove a game changer for […]
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How To Encourage SMEs To Consider Insurance
By Ruth Aluko Small and Medium Enterprises, SMEs are the categories of businesses that have a limited number of employees and fall within a specific revenue or asset thresholds, depending […]
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CBN Restricts Daily POS Transaction To N100,000
The Central Bank of Nigeria (CBN) has introduced a daily transaction limit of N100,000 per customer for cash-out transactions conducted by Point of Sale (POS) agents. This policy, part of […]
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Anthony Onyemaechi Elumelu CFR
Anthony Onyemaechi Elumelu CFR is a Nigerian economist and Philanthropist. He hails from Onicha-Ukwu in Aniocha North Local Government Area of Delta State. Elumelu studied Economics at Bendel State University […]