Business

CPPE commends unification of exchange rate

The Centre for the Promotion of Private Enterprise (CPPE) has commended the bold step taken by the President Tinubu administration to officially float the naira and allow market forces to determine the exchange rate. This was made known in a…

NEPZA reacts to contempt proceedings against MD/CEO

By Matthew Denis The Nigeria Export Processing Zones Authority (NEPZA) has refuted and deems unnecessary the contempt proceedings brought against its Managing Director, Prof. Adesoji Adesugba, by two oil firms operating in the Calabar Free Trade Zone at the Federal…

Lekki Port takes delivery of tugboats from NPA

By Seun Ibiyemi The management of Lekki Port LFTZ Enterprises Ltd., promoters of Lekki Deep Sea Port, has confirmed the delivery of two 80-ton Bollard Pull tugboats from the Nigerian Ports Authority (NPA). The Chief Operating Officer, Lekki Port, Mr…

FG may unban crypto to promote blockchain policy

Economic and blockchain experts have stated that the Federal Government may soon lift its ban on cryptocurrency following its recently announced blockchain policy. According to the newly approved National Blockchain Policy, “The Nigerian Government recognises cryptocurrency as one of the…