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Reactions as CBN raises interest rate to 17.5%

Mixed reactions have continued to trail the Central Bank of Nigeria's decision to increase the Monetary Policy Rate (MPR) benchmark, also known as the

With Many Nigerians Paying N250-N400 for Petrol, Marketers, Economists, Private Sector Insist on Full Deregulation

With Many Nigerians Paying N250-N400 for Petrol, Marketers, Economists, OPS Insist on Full Deregulation – THISDAYLIVE

NACCIMA appoints Obadimu as DG

The Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has announced the appointment of Mr. Sola Obadimu as its Director General effective 1st September 2022.

Obadimu appointed as DG by NACCIMA

The most recent news from Nigeria and across the world is available at The News Chronicle. The News Chronicle provides the most recent headlines, commentary, and political news.

Buhari's Wobbling Economic Footprints In Seven Years – Gistmaster

When Nigeria’s President, Major General Muhammadu Buhari (retd), defeated the incumbent President Goodluck Jonathan in February 2015, investors were upbeat. The peaceful handover of power from Jonathan to Buhari brought back investor confidence that was lost before the election due to apprehension. In response, Nigerian stocks gained most in the world, with the yield on…

Nigeria's duty-free export to US shrinks to $351.73m – Punch Newspapers

Nigeria’s duty-free export to US shrinks to $351.73m Ife Ogunfuwa Nigeria’s export to the United States under a duty-free policy declined in the first nine months of 2020, recording $351.73m from January to September. According to the latest African Growth and Opportunity Act policy trade statistics, exports to the US under the policy fell by 86.97 per cent from $2,699.13m in the first nine months of 2019 to $351.73m in the corresponding period in 2020. The AGOA, a United States’ trade policy, enacted in 2000, is a legislation that facilitates a duty-free trade between exporters from sub-Saharan Africa and the United States. Annual trade data showed the largest contribution towards AGOA-eligible trade commodities was usually oil exports mainly from Angola and Nigeria, and to a lesser extent, Chad and the Republic of Congo.

Recipe for Economy-transforming PIB

Chris Paul The Nigerian Petroleum Industry Bill and the Transformation of the Nigerian Oil and Gas industry in 2021: An Oil Producer Trade Section (OPTS) Perspective was the theme of the webinar put together by the Nigeria American Chamber of Commerce (NACC) last Thursday. Supported by Chevron Nigeria, the webinar had in attendance a cross section of industry experts and enthusiasts from different countries around the world. The Director General of the NACC, Sola Obadimu, anchored the programme, while the director, Downstream Gas at Chevron, Sanjay Narasimhalu, was the speaker. Dame Adebola Williams represented the President of the Chamber, Otunba Toyin Akomolafe.

Reopening of four borders: LCCI, experts raise smuggling alert as FG retains rice ban

Punch Newspapers Sections • Government failed, closure didn’t stop smuggling – Abuja chamber of commerce • Inconsistent government policies jeopardising investments, says DG, NACC Olalekan Adetayo, Nike Popoola, Okechukwu Nnodim and Ifeoluwa Ogunfuwa The President, Major General Muhammadu Buhari (retd.), has approved the immediate reopening of four of Nigeria’s land borders. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed this to State House correspondents at the end of the weekly meeting of the Federal Executive Council, said rice and poultry products remained banned. The FEC meeting was presided over by Vice-President Yemi Osinbajo. Buhari, who is currently on a private visit to his hometown, Daura, in Katsina State, participated in the meeting virtually.