Business Hilights

Tracking Nigeria's Headline Business News Online

export expansion grant

FG approves release of N2.7tn debts owed contractors, pensioners to enliven economy

One of the most cheerful news for the economy from Wednesday’s Federal Executive Council (FEC) can be said to be the rare approval handed down to proposal presented by the Ministry of Finance to offset accumulated Federal Government’s N2.7tn debts….

FG to resume suspended Export Expansion Grant before weekend to encourage exports

As part of Federal Government’s renewed efforts to grow exports, it will before the end of this week, reintroduce the key incentive scheme, Export Expansion Grant (EEG). This is likely to be activated with the paying of outstanding liabilities of…

CBN begins to review access to export proceeds policy

Relief is on the way for exporters as the Central Bank of Nigeria (CBN) has said, it would review the policy on utilization of export proceeds so as to improve its flexibility. Deputy Director, Trade and Exchange Department of the…