Breaking News in Nigeria Today Wednesday 4th December 2024
Here are some of the Breaking News in Nigeria Today Wednesday 4th December 2024 on some of the nation newspapers .
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target=_blank>Rate Shifts: Keeping Corporate Treasurers In Dilemma
ShareAs the Central Bank of Nigeria (CBN) continues its battle against inflation, its recent decision to hike interest rates by 25 basis points to 27.50 per cent has sent ripples through the financial landscape. Corporate treasurers, chief finance officers, and businesses at large now find themselves in a precarious position, grappling with the financial implications…
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target=_blank>Report: Safes, Vaults Market To Grow By $1.57bn In 5 Years
ShareThe safes and vault market is expected to grow by $1.57 billion from 2024 to 2028, according to a report released by Technavio. In a press release, the company said it also expects a compound annual growth rate of 5.34 per cent for the market. It said that one of the more primar y drivers…
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target=_blank>‘Private Sector Collaboration Key To Lagos’ Sustainable Revenue Growth’
ShareManaging Director of Remita Payment Services Limited (RPSL), Mr. ‘DeRemi Atanda, has called for increased private-sector collaboration to unlock Lagos State’s digital economy and drive sustainable revenue growth. Speaking during a panel session with the theme, “Unlocking Lagos’ Digital Economy: Strategic Innovation, Effective Regulation, and Sustainable Revenue Growth,” at the Eko Revenue Plus Summit 2024,…
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target=_blank>S&P: Trump’s Proposed Polices May Hinder Global Growth
ShareS&P Global Ratings has warned that some of the key policies proposed by the incoming United States’ President, Donald Trump’s administration may negatively impact the growth of the global economy next year. In a report released over the weekend, the agency cited the risks to the global economy next year to include, “the full implementation…
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target=_blank>Cardoso: Inspiring Public Confidence In Apex Bank
ShareWith the Chartered Institute of Bankers of Nigeria’s (CIBN) annual bankers’ dinner providing a platform, over the years, for occupants of the office of Governor of the Central Bank of Nigeria (CBN), to speak on topical economic and financial market developments, the event has become one which many key stakeholders in the financial sector go…
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target=_blank>NPA Seeks Review Of ISPS Code To Secure Port, Shipping Lanes
ShareThe Nigerian Ports Authority (NPA) has called for a review of the implementation of the International Ships and Port Facility Security (ISPS) Code in order to make the nation’s ports and shipping lanes more secured, resilient and aligned with the demands of a modern global maritime domain. The Managing Director of the authority, Dr. Abubakar…
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target=_blank>New Report Shows Promising Growth In African Tech Ecosystem
ShareA new report by Black Founders Fund impact shows promising growth in African tech ecosystem. The Black Founders Fund Alumni Summit, held at iHub in Nairobi, last week showcased the unveiling of the BFF Impact Report, highlighting the sign cant progress and success of Black-led startups across Africa. This annual event brought together 45-50 alumni…
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target=_blank>Wheat: Importers Lose Out On Cheaper Price, Spend N489bn On 1.15mt
ShareDifficulties faced by Nigerian importers in obtaining letters of credit from commercial banks in Russia has cost them an opportunity to take delivery of cheaper wheat. Consequently, Poland has emerged the leading supplier of the grain with export of 1.15 million tonnes valued at N489 billion ($287.5 million) into Nigeria. Other major exporters to Nigeria…
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target=_blank>CIG Motors, FCMB Collaborate To Simplify Vehicle Ownership
ShareCIG Motors has partnered with First City Monument Bank (FCMB) to make vehicle ownership more accessible for individuals and corporate entities through flexible and affordable financing solutions. The partnership enables customers to access FCMB auto loans of up to N70 million, with repayment terms of up to five years, for purchasing brand-new GAC Motor vehicles….
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target=_blank>PenCom Lifts Suspension On Commercial Papers Investment
ShareThe National Pension Commission (PenCom) has lifted suspension on commercial papers investment by Pension Fund Administrators (PFAs). The decision followed the Securities and Exchange Commission (SEC) issuance of draft rules and an amendment to rule 8 (Exemptions) to regulate the issuance of Commercial Papers by its regu lated entities. “Accordingly, the SEC is addressing the…
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