In a fresh attempt to deepen trade relations between Nigeria and China, the Lagos State Chamber of Commerce and Industry (LCCI), and the China Africa Business Council (CABC) has signed a multi billion naira memorandum of understanding (MOU).

Dolidol, a Moroccan manufacturer and distributor of bedding products, has secured a €20 million financial support of the International Finance Corporation and Proparco to enhance its production and sales in Nigeria.

AFEX, Nigeria’s commodity market has launched a new $100 million 10-year bond called the Food Security Fund (FSF) to enable it produce as much as three million metric tonnes of food annually in Africa.

The Central Bank of Nigeria, CBN, has spent the sum of N85.89 billion on its Health Sector Intervention Facility (HSIF).

In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will give farmers direct access directly to the buyers at the exchange as it eliminates arbitrage currently being enjoyed by middlemen.

The Central Bank of Nigeria (CBN) has granted final licenses to 3 Payment Service Banks (PSBs) to start operation.

The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers.

UACN Property Development Company (UPDC) Plc has listed its N16 billion rights issue at the Nigerian Stock Exchange (NSE).

The Nigerian Stock Exchange is pleased to announce that it has committed N100million to support the fight against Coronavirus (COVID-19) in Nigeria. N60million out of this sum will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the balance N40million will be devoted to the “Masks For All Nigerians” campaign.

AFEX Commodities Exchange Limited has signed memorandum of understandings (MOU) with FMDQ Holdings Plc and the Dubai Gold and Commodities Exchange (DGCX) to develop products that would deepen the Nigerian capital market and provide new market opportunities for the commodities traded in both exchanges respectively.