Economy
FG, International cotton committee move to revamp cotton, textile industry
The Federal Government is partnering with the International Cotton Advisory Committee (ICAC) to rejuvenate Nigeria’s cotton and textile industry.
CBN approves financial support for merger of Unity, Providus Banks
The Central Bank of Nigeria (CBN) has approved a significant financial accommodation to facilitate the proposed merger between Unity Bank Plc and Providus Bank Ltd.
Naira gains 0.6% against dollar at official market
The Naira appreciated by 0.6% against the dollar at the official market on Monday, trading at N1,607.15 per dollar.
Nigeria suspends import duties on essential food items to combat food shortage
The suspension of the import duty is expected to make food items affordable for Nigerians amid the soaring food inflation rate.
Nigeria, US reaffirm commitment to strengthen trade, investment ties
The US government has shown interest in Nigeria’s economic reforms and expressed readiness to support initiatives that promote trade and investment.
