$10bn diaspora fund, petrol scarcity... top business stories to track this week

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Here are the seven top business stories you need to track this week — April 29 to May 3. Credit scheme. Multichoice subscription hike.

TINUBU APPROVES CUSTOMER CREDIT SCHEMEIn a statement on April 24, Ajuri Ngelale, presidential aide, said in line with Tinubu’s directive to expand consumer credit access to Nigerians, the Nigerian Consumer Credit Corporation has launched a portal for Nigerians to express interest in the scheme.Ngelale said the scheme was conducted in partnership with financial institutions and cooperatives across the country to broaden consumer credit availability.

The pay-TV firm cited the rise in the cost of business operations as the rationale behind the price increase.for price increments as they have not raised rates in the last 11 years. Speaking during the opening plenary of the World Economic Forum in Saudi Arabia, the president said the decision was to reset the economy and create a pathway for growth in the country.He acknowledged the difficulty associated with the decision, stressing that it was in the best interest of the people.plans to set up a $10 billion diaspora fund to attract investment from citizens living abroad.

Uzoka-Anite said the fund will be guided by an advisory board comprising limited partners, calling on eligible firms to express their interest in its management.The Nigerian National Petroleum Company Limited says theThe NNPC asked Nigerians to avoid panic buying in a statement on Thursday by Femi Soneye, its spokesperson.

 

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FG announces $10bn diaspora fund to attract investmentThe federal government says it is planning to set up a $10 billion diaspora fund to attract investment from its citizens living abroad.
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