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Jina K

Nigerian Export Promotion Council Plans Pre-Shipment Incentives to Boost Export - 0 views

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    The Nigerian Export Promotion Council plans to provide pre-shipment incentive grants to small and medium enterprises involving in non oil-exports to stimulate growth in these industries. The council aims to promote trade to where many Nigerians reside. Moreover, it aims to open offices in countries where Nigeria export to the most. The article shows the promotion of exports in Nigeria in order to help small and medium enterprises. This can then contribute to the level of economic growth in Nigeria. This policy focuses solely on small and medium businesses, therefore it should help lower to middle class entrepreneurs, ensuring equity.
Andrzej Z

CBN bans importation of foreign currencies - 0 views

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    It is an article about the Nigerian government that has banned the importation of foreign currency in order to protect the Nigerian currency. It is worth to point out that there were indications that the latest move was sequel to the bank's withdrawal of the operating licenses of 20 Bureaux de Change found to have purchased and sold huge sums of dollars with no documentation to show details of the transactions. The low value of the Nigerian currency has affecting negatively the society because more domestic producers are only accepting the dollar as a means of payment. The government reports that the continued import of dollars would have a devastated effect on the Nigerian economy because it would gradually become dorallized.
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