Business

Briga News Nigeria 1. Increased Foreign Investment: President Tinubu’s participation in the summit can attract foreign investors, leading to job creation and economic growth. 2. Strengthened Partnerships: Nigeria can enhance its relationships with multilateral development banks and international financial institutions, gaining access to financial support and advisory services. 3. Debt Restructuring or Forgiveness: The global…

Briga News Nigeria President Asiwaju Bola Ahmed Tinubu Thursday in Paris – France said ongoing reforms, starting with removal of fuel subsidy and streamlining of exchange rate, will be sustained for a more competitive economy that attracts Foreign Direct Investment (FDI), urging investors to take advantage of opportunities in Nigeria. “We are ready for business,…

Briga News Nigeria The Nigerian government on Tuesday issued a license to Belema Sweet Export Terminal Ltd, a subsidiary of BelemaOil producing Ltd, owned by Rivers Born oil tycoon, Tein Jack-Rich, to establish a crude export terminal. The Nigerian Mainstream and Downstream Petroleum Regulatory Authority (NMDPRA) awarded the license to, Tein Jack-Rich, during a ceremony…

Briga News Nigeria Innoson Vehicle Manufacturing has mass-produced varieties of Compressed Natural Gas (CNG) Buses, a suitable alternative for Nigerians amidst the rising price of petrol and diesel. The Showcase of the CNG vehicles took place at the IVM factory, Nnewi on Tuesday, 6th June. The vehicles range from trucks, mini-buses, ambulances, long buses, SUVs,…

Briga News Nigeria In the wake of fuel subsidy removal by the Federal Government, fuel prices have increased astronomically leading to rise in prices of goods and services and overall cost of living. The Edo State Government shares the pains of our people and wants to assure everyone that we are standing with them in…

Briga News Nigeria Vice-President Kashim Shettima says payment of petrol subsidy will get “rid” of the country if it is not removed. Speaking with journalists on his first day in office on Tuesday, Shettima said the administration of President Bola Tinubu would “frontally address” the issue of petrol subsidy. The vice-president said there would be…

Briga News Nigeria The Central Bank of Nigeria, CBN, has withdraw license of 132 Microfinance banks operating in Nigeria as a result of their inability to meet up with CBN directives. With the withdrawal of their license, they can no longer operate as financial institutions in the country. Below are the list of Banks: 1….