Tue. Sep 28th, 2021

Business News


The Nigerian Export promotion council has commenced implementing a fifty billion naira export expansion facility programme as part of the Economic sustainability plan whose development and implementation is being led by the Vice President, Prof. Yemi Osinbajo.

The executive Director/Chief Executive officer of the NEPC Mr. Segun Awolowo, who revealed this said the programme was geared towards increasing the volume of trade within the ECOWAS region with Nigeria poised to boost its non-oil exports.

Reports reaching BCA business say, power generation in Nigeria dropped below the 4,000 megawatts mark amid the E-d-el Kabir celebration.

According to data obtained from the Nigerian Electricity system Operator, the total generation in the country stood at 3,058.7 as at 6am on Tuesday down from 4,270.7mw on Monday.

And for official exchange rate dollar exchanged at one hundred and nine naira, pounds five hundred and sixty naira while Euro goes for four hundred and eighty-one naira.

At the parallel market dollar sold at five hundred and three naira, Pounds five hundred and sixty-one and Euro. four hundred and eighty-two naira.

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