Connect with us

Economy

ACCI tasks Newly Appointed Officials on Prosperity of Business Community

Published

on

Share

The President, Abuja Chamber of Commerce and Industry (ACCI), Emeka Obegolu, has charged its newly inaugurated Governing council members to ensure prosperity of Nigeria’s business community.

Obegolu, represented by his 1st Deputy President, Prof. Adesoji Adesugba, said this while inaugurating the Governing Council of ACCI’s Four Centres in Abuja.

Reports says that the inaugurated officials would be responsible to drive affairs of the centres.

The centres include: “the Nigerian Chamber of Commerce Dispute Resolution Centre (NCC-DRC) to be chaired by Prince Adetokunbo Kayode and Mr Patrick Ikwueto, as vice-chairman.

“The BEST Centre, with Prof Adesoji Adesugba as Chairman and Mr Ezenwa Anumnu as his vice-chairman.

“The Abuja Trade Centre (ATC) is chaired by Dr Johnson Anene, and Mr Abiodun Odusanwo is his vice-chairman.

“The National Policy Advocacy Centre (NPAC) has Dr Aliyu Hong as chairman while Mr Dozie Mbanefo is serving as his vice-chairman.”

Obegolu emphasised the transformative potential of these centres in shaping the business landscape not only in the Federal Capital Territory (FCT) but also across Nigeria.

“The Centres will play a major role in promoting international trade, resolving commercial disputes, fostering entrepreneurship and innovation, and advocating conducive business policies.

“I urge the newly inaugurated leaders to leverage their expertise and networks to drive the success of these Centres, thereby, contributing to the overall prosperity of the business community.”

Responding on behalf of the officials, the chairman of Abuja Trade Centre expressed gratitude for the opportunity to serve.

Anene pledged the commitment of the officials to the development and success of the various centres.

The inauguration of the Governing Councils marks a significant step in ACCI’s mission to create a vibrant and resilient business environment, driving sustainable growth and prosperity for all stakeholders. (NAN)

Economy

Naira Ends Week Stronger Against Dollar, Gaining N11.17 

Published

on

Share

The Naira further appreciated in the official market on Friday, trading at N1,474.

78 to the Dollar.

Data from the FMDQ Securities Exchange official forex trading platform revealed that the Naira gained N11.17.

This represents a 0.7 per cent increase compared to the previous day’s trading figure on Thursday, when the local currency closed at N1,485.

95 to the Dollar.

Trading in the Investors and Exporters (I&E) Forex window on Friday saw a high of N1,495.

01 and a low of N1,447.50.

The Naira has remained stable against the US Dollar since December 2024, supported by sustained reforms from the Central Bank of Nigeria (CBN).

The reforms aimed at ensuring transparency in the foreign exchange (FX) market.

CBN Governor Olayemi Cardoso, speaking in Abuja on Thursday at the 2025 Monetary Policy Forum, stated that recent reforms in the FX segment had continued to attract foreign investments.

Cardoso reassured that the apex bank would sustain efforts to ensure continued inflows. (NAN)

Continue Reading

Economy

CBN Approves Listing of CFA on NXP forms for Export Repatriation Proceed

Published

on

dailyasset-greetings
Share

The Nigeria Export Promotion Council (NEPC) says that Central Bank of Nigeria (CBN) has approved CFA Franc to be captured on Nigeria Export Proceed (NXP) forms for the repatriation of export proceeds.

Mrs Nonye Ayeni, Executive Director of the NEPC, disclosed this while addressing newsmen on the Non-Oil Export Performance for the year 2024, in Abuja on Friday.

Ayeni said that the council had engaged the CBN on the inclusion of the CFA Franc, adding that it was a dominant currency in cross border trading.

She said that the currency was one of the currencies to be received as export proceeds by the bankers.

“I am delighted to inform you that the CBN has magnanimously approved CFA to be captured on NXP forms for the repatriation of export proceeds.

“We will be working with CBN and the banks to ensure full implementation.

“I must say that this is a remarkable breakthrough for the council and further reaffirms the impact of the council’s current flagship programme,” she said.

Ayeni said that the council distributed hybrid seedlings and farm inputs to over 1,200 farmers across the country.

She added that the council has also distributed sesame, Hibiscus and farm input in the north, cashew in the west and palm seedlings in the east.

She said that the effort was to enhance the capacity of farmers, and processors and increasing production capacity of the farmers.

The executive director said that the NEPC, under the “Go Global, Go for Certification” campaign, was determined to enhance the quality of Made-in-Nigeria products.

According to her, the council commenced the certification of 400 Small and Mediumsized Enterprise (SME) exporters.

“I am delighted to inform you that we have concluded on some and the balance are currently undergoing the certification process.

“At the end of the exercise, a total of 855 SMEs will have benefited from the scheme between the year 2022 to year 2025.

She said that the scheme aimed to enable the SMEs to acquire international certification to access niche markets.

Ayeni also noted that through the council’s regional and state offices initiated the process of mainstreaming informal border trade.

She said that the effort would increase foreign exchange earnings and help to capture export data for the country.

“Interactive sessions were held with several trade associations operating within some borders”.

According to her, at the end of the exercise, no fewer than 1,116 operators in the informal sector were trained in formalising export trade.

“We will build on this,” she assured. (NAN)

Continue Reading

Economy

Ecobank Promotes Savings Culture, Rewards N42m to Customers

Published

on

Share

Ecobank Nigeria has reaffirmed its commitment to financial inclusion and savings culture by awarding N42 million to its customers.

Ms Adeola Ogunyemi, Head of Consumer Banking, Ecobank Nigeria, made this known at the grand finale of the bank’s Super Rewards ‘Millionaire Geng Promo’ on Friday in Lagos.

She said that the initiative is part of bank’s strategy to deepen financial inclusion for all classes of Nigerians and to reward customers’ loyalty.

“It is not just about winning cash prizes; it is about financial security and long-term stability,” Ogunyemi said.

Ogunyemi also noted the increasing awareness of savings amid economic challenges.

“With the fluctuating value of the Naira, we have encouraged our customers to save consistently, whether in Naira or foreign currency.

“This has led to a steady rise in deposits across the banking sector,” she said.

Ogunyemi advised Nigerians, especially the bank’s customers to ensure financial discipline.

“Many people don’t realise the importance of saving until they face emergencies. No matter how much you earn, it will never be enough if you don’t discipline yourself.

“This initiative is about showing our customers that every amount saved adds up over time,” she said.

Ogunyemi spoke further on the broader economic impact of savings, noting that it fuels long-term investments.

“A country’s economic growth is influenced by how much its citizens save. Over the last six months, we have seen tremendous growth in savings, with customers becoming more conscious of the need to save.

“Month after month, deposits have increased, which is very encouraging,” she added.

She further emphasised that savings, beyond just winning rewards, provide financial security.

Ogunyemi also addressed the evolving savings culture in Nigeria, particularly amid economic challenges.

“With the impact of foreign currency devaluation, we’ve advised customers to save in both Naira and foreign currencies.

“Across the banking industry and within Ecobank, savings deposits have consistently grown.

“We have been actively educating customers through awareness programmes, newsletters, and campaigns like Super Savers and Millionaire Geng,” she said.

She emphasised the transparency of the programme, highlighting that all draws were conducted under regulatory supervision and broadcast live.

Also, Mr Victor Yalokwu, Head of Consumer Segments and Products of the bank, emphasised the importance of consistent saving habits, highlighting how it played a crucial role in determining winners.

“It is important to note that what gave them the opportunity to win was their commitment to saving.

“We set clear criteria: customers needed to save for at least 30 days to qualify for the monthly draw, 90 days for the quarterly draw, and six months for the grand finale.

“The individuals who won two million Naira each did so because they saved consistently for six months,” Yalokwu noted.

He further encouraged customers to develop a culture of disciplined savings, noting that beyond the rewards, financial security and stability were key benefits of the habit.

“I advise our winners to spend wisely and continue saving. The goal is to build financial resilience while enjoying the benefits of the promo,” he added.

Under the reward initiative, the bank customers won a total of N42 million at the end of the grand finale.

A total of 520 customers won N50,000 monthly for six months while 16 won N500,000, quarterly, in September and December.

Similarly,  four customers; Akpofabe Akeman, Odo Chinedu, Saibu Sakiru and Eyo Ekpenyong won two million Naira each from FCT & North, Lagos, Mid-West/ South-West and South-South/ South-East, respectively. (NAN)

Continue Reading

Read Our ePaper

Top Stories

Uncategorized2 hours ago

Benue Assembly Suspends 13 Members for Dishonourable acts

Share The Benue House of Assembly has suspended 13 members of the house from legislative duties due to dishonourable acts....

NEWS12 hours ago

How Dafinone, CBN’s Consultant Standing Trials Allegedly Instigated Mass Sack of NIRSAL’s Workers

ShareStrong indications have emerged suggesting that one of the embattled “Cardoso girls” allegedly earning 35 million naira monthly and who...

Uncategorized13 hours ago

APC Directs Council Bosses in Osun to Shun Secretariats

Share Mr Tajudeen Lawal, Chairman of the All Progressives Congress (APC) in Osun, has directed the party’s local government chairmen...

Uncategorized13 hours ago

Kyari Highlights Role of Energy Security to National Development

Share Malam Mele Kyari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has emphasised the importance...

NEWS13 hours ago

NASS Effects Corrections on N54.9trn Appropriation Bill

Share The National Assembly on Tuesday made corrections on some sectorial allocation items in the N54. Your browser does not...

NEWS13 hours ago

NASS Transmits ISB 2024 to Tinubu for Assent

ShareBy Tony Obiechina, Abuja The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso has announced that the...

NEWS13 hours ago

Nigeria Needs N62bn to Close 5 years Gap for AMR – Expert

ShareBy Laide Akinboade, Abuja Experts in the health sector on Tuesday revealed that Nigeria will need N62, 262, 379, 066...

NEWS13 hours ago

FG Pledges Commitment to Advance Health Security of ECOWAS Region

ShareBy Aza Abba, Abuja The federal government has pledged its commitment towards advancing efforts at fortifying the health security of...

NEWS13 hours ago

Minister of State for Works Calls for Increased Funding for FERMA

ShareFrom Abel Zwànke, Lafia The Minister of State for Works, Bello Goronyo has stated that the yearly federal budget allocation...

the 9th National Assembly the 9th National Assembly
NEWS13 hours ago

Nasarawa Assembly Confirms Sule’s 16 Commissioner Nominees

ShareFrom Abel Zwànke, Lafia The Nasarawa State House of Assembly has confirmed the 16 commissioner nominees sent by Governor Abdullahi...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc