AfDB, Others To Raise $520m For Nigeria’s Agro Zones





Nigeria’s federal and state governments have expressed overwhelming support for an initiative to create Special Agro-industrial Processing Zones (SAPZ). At a high-level briefing session held on Monday, Minister of Finance, Budget, and National Planning, Dr. Zainab Shamsuna Ahmed, who hosted the meeting, reaffirmed the Federal Government’s commitment to put in place enabling policies and incentives to attract private sector investment in the Zones, to ensure successful implementation...



Journey towards Nigeria’s Digital Currency

As the Central Bank of Nigeria (CBN) prepares for the launch of its digital currency next quarter, Obinna Chima writes about the expected benefits of the e-Naira as well as the recently selected technical partner for the initiative. Central banks in more than 70 countries are presently studying or at advanced stages of developing their Central Bank Digital Currency (CBDC), which are digital representations of fiat currencies developed and issued by the apex banks...

Nigeria’s total trade in Q2, 2021 rises by 23%, says NBS



The National Bureau of Statistics (NBS) has said that Nigeria’s total trade rose 23.28 per cent higher in Q2,2021 compared to Q1,2021 and 88.71 per cent higher than the value recorded in Q2, 2020. This was contained in a document released by the Bureau at the weekend...



‘How To Reposition Nigeria’s Real Sector’



Manufacturers and financial analysts have implored the nation’s fiscal and monetary authorities to review and adopt the right type of macroeconomic and industrial policies to enable businesses in the real sector of the economy thrive in the last quarter of the year. They told Daily Independent that efforts of the monetary authority to provide a stable macroeconomic environment must be redoubled to avoid mortgaging Nigerians future by agreeing to riskier...