Here is New Telegraph’s weekly business news roundup of the top 15 latest Nigerian news making headlines from Monday, April 15 to Saturday, April 20, 2024.

World Bank, AfDB, Others Launch New Co-Financing Platform

A coalition of ten Multilateral Development Banks (DMBs) has launched a new co-financing platform that will enable them to channel additional capital for development scale and impact.

The Global Collaborative co-financing platform will consist of the digital…Read more

Dangote Crashes Diesel Price To N1,000/Litre

Dangote Refinery has crashed the price of diesel from N1,200 per litre to N1,000 per litre.

Chief Corporate Communications Officer, Dangote Group, Anthony Chiejina, confirmed this in an… Read more

IMF Raises Nigeria’s 2024 Growth Forecast To 3.3%

The International Monetary Fund (IMF) on Tuesday raised its forecast for Nigeria’s economic growth in 2024 to 3.3 per cent from the 3.0 per cent growth projection for the country that it announced in January.

The Fund, which disclosed this in its April 2024 World Economic Outlook (WEO) report, released yesterday, however, lowered its growth forecast for… Read more

Maritime: Tinubu Launches Single Window Facility To Curb $4BN Loss

In order to curb an annual loss of $4 billion to inefficiency, bureaucracy and red-tape at the nation’s ports, President Bola Tinubu has launched a Single Window System to revolutionise the conduct in the country.

Tinubu, while inaugurating the implementation panel of the system at the Council Chamber of… Read more

Loans: CBN Urged To Caution Banks Over Outrageous Collateral Request

The Founder and Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has urged the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to look into the outrageous collateral being demanded by banks before approving loans.

Dr. Yusuf, who made this known in an interview in New Telegraph in Lagos, said that… Read more

PETAN To Collaborate With NUPRC To Boost Nigeria’s Declining Oil Production

The Petroleum Technology Association of Nigeria (PETAN) has assured the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and all stakeholders in the oil and gas sector that its members with decades of experience in the industry, have all the equipment required to boost oil production in the country.

PETAN Chairman, Engr. Wole Ogunsanya, gave the assurance when… Read more

Nigerian Breweries Makes Progress In Fair Wage Gap Closure

Using the SMART outsourcing principles, Nigerian Breweries Plc has made progress on its journey to an inclusive, fair and equitable company and world with the Fair Wage Gap closure for non-employee workers.

So far, it has achieved the 25 per cent target for the year and also… Read more

IMF Cautions Central Banks Over ‘Last Mile Of Disinflation’

As inflation prepares to ease in the coming months, the International Monetary Fund (IMF) has advised central banks to be vigilant in what it called last mile of disinflation.

IMF, in a blog based on April 2024 Global Financial Stability Report, said a sense of optimism had pervaded financial markets in… Read more

World Bank, AFDB Seek To Connect 300m To Electricity

The World Bank Group and African Development Bank Group (AfDB) are partnering on an ambitious effort to provide at least 300 million people in Africa with electricity access by 2030, the Bretton Woods institution said in a statement on Monday.

The statement said that the… Read more

FG: Gas Purchase Agreement For Brass Methanol To Be Executed In May

Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, has said that the Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024.

Ekpo announced this yesterday after a… Read more

NITDA Portal: 12,948 Startups, 1,735 Investors Registered

No fewer than 12,948 Nigerian startups, 912 venture capitalists, 1,735 angel investors, and 925 accelerators have so far been registered by the National Information Technology Development Agency (NITDA) for labeling.

The registration, which is being done through the startup portal created by the… Read more

NCC Seeks Stakeholders’ Input In Telecoms Regulations

The Nigerian Communications Commission (NCC) has called on stakeholders to actively participate in the formulation of future regulations by sharing their views through written submissions and participating in public discussions in Abuja.

This joint effort, according to the NCC, aims to promote constructive dialogue and ensure… Read more

AFC Launches New Capital Mobilisation, Partnership Department

Africa Finance Corporation (AFC) has launched a Capital Mobilisation and Partnerships (CMP) Department under its Financial Services (FS) Division.

According to a press release, the department will serve as the consolidated platform for all… Read more

FG Dangles $4.5m To States For Investment In Agric

To boost agriculture across states, the Federal Government in partnership with the World Bank is rewarding states with over $4.5 million each for successfully setting up inclusive land-based investment principles in the agricultural sector.

The National Programme Coordinator, State Action on Business Enabling Reforms (SABER) Programme, Dr. Ali Mohammed, disclosed this in… Read more

IMF: Emerging Markets Exercising Greater Global Sway

The International Monetary Fund (IMF) has advised that policymakers must be ready to manage greater spillovers to the global economy as emerging markets’ influence grows.

The Fund said in a blog that the global economy was increasingly… Read more