Corporate Affairs

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FG Unveils Conditional Grant and Palliative Loan Initiatives to Mitigate Fuel Subsidy Impact
ByGovernMend Nigeria December 3, 2023December 3, 2023

The federal government has unveiled two groundbreaking programs aimed at cushioning the impact of the fuel subsidy removal. In a press statement released by Dr. Doris Uzoka-Anite, the Minister for Industry, Trade, and Investment, the initiatives promise to alleviate economic pressures through targeted support for businesses. The first of these initiatives, the Presidential Conditional Grant…

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Tinubu Unveils Green Initiative with the Deployment of 100 Electric Buses
ByGovernMend Nigeria December 2, 2023December 2, 2023

President Bola Tinubu has unveiled a groundbreaking initiative for a sustainable and eco-friendly future in Nigeria. During a meeting with stakeholders and investors in Dubai on the sidelines of the COP28 climate summit, the President shared plans for the deployment of a fleet of 100 electric buses, marking a significant stride towards reducing the country’s…

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CBN Faces Pressure to Stem Naira’s Decline: Calls for Bold Reforms and De-dollarisation
ByGovernMend Nigeria December 1, 2023December 1, 2023

The Nigerian naira experienced a historic low on Friday, closing at N927.19 per dollar in the official market and N1165 per dollar in the parallel market. The official market witnessed an 11.39% depreciation, closing at N927.19 compared to the previous day’s N832.32. In the parallel market, the exchange rate depreciated by 0.43%, quoted at N1165/$1….

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UK Government Launches National Council to Boost Small Businesses
ByGovernMend Nigeria December 1, 2023December 1, 2023

In a significant move aimed at facilitating small businesses across the nation, the UK government inaugurated the National Council on Micro, Small, and Medium Enterprises (MSMEs) on Friday. \ The announcement was made by Charles Odii, the Director-General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), during a press briefing at the…

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Implement a Cashless Policy on FX Transactions Expert Tells CBN
ByGovernMend Nigeria November 30, 2023November 30, 2023

A seasoned Finance and Investment Analyst, Adejumo Isaac, has presented a groundbreaking solution for enhancing the short-term stability of the Naira exchange rate. Isaac urges the Nigerian government, through the Central Bank of Nigeria (CBN), to implement a cashless policy on forex transactions, a move he believes could significantly impact the nation’s economic landscape. In…

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Crude Oil Prices Surge as OPEC Discusses Output Cuts
ByGovernMend Nigeria November 30, 2023November 30, 2023

Crude oil prices experienced an uptick on Thursday as the Organization of Petroleum Exporting Countries (OPEC) commenced its meeting. Brent crude futures rose by 0.2 per cent to $83.23 a barrel, while U.S. West Texas Intermediate crude futures increased by 0.2 per cent to $78.03 a barrel. The previous day witnessed a nearly 2 per…

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Presidency Assures Swift Impact of 2024 Budget on Nigerians
ByGovernMend Nigeria November 30, 2023November 30, 2023

In a recent interview on Channels Television’s Politics Today, Kunle Olanrewaju, the Senior Special Assistant on National Assembly Matters to President Bola Tinubu, assured Nigerians that they would begin to experience the positive effects of the 2024 budget in the shortest possible time. Olanrewaju emphasized that the focus of the budget is to address fundamental…

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Supreme Court Grants Extension for Redesigned Naira Banknotes
ByGovernMend Nigeria November 29, 2023November 29, 2023

The Supreme Court of Nigeria has approved the Federal Government’s request to extend the lifespan of the N200, N500, and N1000 notes, which underwent redesign during the previous administration of President Muhammadu Buhari. In a ruling on Wednesday, a seven-member panel led by Justice John Okoro declared that the old notes would remain legal tender…

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Automated Passport Application Process Set to Launch in Nigeria Within a Week
ByGovernMend Nigeria November 29, 2023November 29, 2023

Nigeria’s Minister of Interior, Olubunmi Tunji-Ojo, has announced that the automated passport application process is on the verge of being implemented, with expectations to go live within the next week. Speaking on Channels Television’s Politics Today programme, the minister revealed that the technology for this feature is at a 99% completion stage, with testing already…

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VP Shettima Affirms Tinubu’s Focus on Human Capital Investment for Nigeria’s Future
ByGovernMend Nigeria November 28, 2023November 28, 2023

Vice-President Kashim Shettima has emphasized that President Bola Tinubu’s administration is committed to prioritizing investment in human capital and related areas. Shettima, speaking at the Barewa Old Boys Association (BOBA) Annual Lecture and Awards ceremony in Abuja, highlighted that Nigeria’s greatest asset is its people. Represented by the Special Adviser to the President on Political…

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