Saturday, November 17, 2018

Tag "Manufacturing"

    Here’s how to get a single-digit interest loan from your bank

Here’s how to get a single-digit interest loan from your bank

The Central Bank of Nigeria, on Monday, released the guidelines for its new credit policy, which is aimed at providing funds to the agriculture and manufacturing sector at a single digit interest rate.According to the guidelines, the maximum amount accessible by a party is N10 billion.The loans can be received from any bank which has contributory cash reserve ratio with [...]

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    INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

INFOGRAPHICS: Here are the three worst performing sectors in Nigeria

Data released by the National Bureau of Statistics (NBS) showed that the economy recorded a growth of 1.4 percent in the third quarter of 2017.This signals a consolidation of the 0.72 percent growth recorded in the second quarter of the year.However, an analysis of the gross domestic product (GDP) report released by the NBS showed that the oil sector grew [...]

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    Ikpeazu urges US to stamp made-in-Aba goods

Ikpeazu urges US to stamp made-in-Aba goods

Okezie Ikpeazu, Abia state governor, has called on the US government to put a “stamp of recognition” on goods produced in the state.Ikpeazu made the call when Stuart Symington, US ambassador to Nigeria, paid him a courtesy visit on Monday.He said the Aba industry currently has over 250,000 manufacturers engaged in the production of various wares which are of international [...]

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    NBS: VAT revenue increased by N41bn in Q2

NBS: VAT revenue increased by N41bn in Q2

The revenue generated from value added tax increased by N41.53 billion in the second quarter of 2017, says the National Bureau of Statistics (NBS) sectoral distribution report.According to the report, N246.30 billion was generated in Q2 2017, as against N204.77 billion generated in the first quarter.A sum of N187.03 billion was recorded in Q2 2016, amounting to a 20.28% increase [...]

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Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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