Business Local News

NCRIB seeks stoppage of bidding fees

The President of the Nigerian Council of Registered Insurance Brokers (NCRIB), Dr. (Mrs.) Bola Onigbogi, has called for the immediate discontinuation  of bidding fees for insurance brokers wishing to underwrite Federal Government businesses. Presently, insurance brokers are meant to pay huge bidding fees for government group life insurance and other contracts. Speaking on the challenges […]

Business World News

Zimbabwe finally unveils new banknotes

Zimbabwe’s much-anticipated new banknotes eventually reached banks on Tuesday after a delay that saw many waiting in long queues for cash. Reserve Bank governor John Mangudya told dpa that Banks were collecting cash from the central bank and they only started issuing on Tuesday. In June, President Emmerson Mnangagwa promised to introduce the new currency […]

Business Local News

Bauchi governor, colleagues, Dangote to meet Bill Gates on health intervention

Bauchi State Governor, Bala Mohammed and his counterparts from Borno, Lagos, and Gombe States and the President of the Dangote Foundation, Aliko Dangote are currently in talks with the Bill and Melinda Gates Foundation in efforts to improve Primary Health Care Delivery interventions In a statement through his media aide Muktar Gidado, the governor was […]

Business Local News

MSMEs crucial to improve dwindling economy –Boyi, Peugeot boss

Lawrence Enyoghasu The Managing Director/CEO, Peugeot Automobile Nigeria, Mr. Ibrahim Boyi, has called for stakeholders support for Micro, Small and Medium Scale Enterprises (MSMEs), describing them as having the capacity to absorb the nation’s growing workforce and improve economy. Boyi made this call yesterday, while speaking as the keynote speaker at the Development Bank of […]

Business Politics

FG determined to increase access to cheap capital for MSMEs ― Osinbajo

Vice-President Yemi Osinbajo …as 25th National MSME clinic holds in Delta …Okowa decries decay of 37 million MSMEs By Festus Ahon – Asaba Vice President Yemi Osinbajo, yesterday said the Federal Government was working with relevant agencies to significantly increase access to cheap capital for Micro, Small and Medium Enterprises, MSMEs. Osinbajo who stated this […]

Business Local News

NASS: Reps investigate N126.03b unclaimed share dividends

The House of Representatives has directed its Committee on Capital Market and Institutions to investigate unclaimed share dividends in the capital market, valued at over N126.03 billion. This followed the unanimous adoption of a motion moved by Rep. Babangida Ibrahim at the plenary, on Wednesday. The motion was tagged “Need to Investigate the Rising Value […]

Business Local News

ACfTA: Finance minister tasks African countries on rules adherence

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has advised all African countries to comply with rules of African Continental Free Trade Agreement (ACfTA) in order to record success. Ahmed gave the advice during a panel discussion at the ongoing African Economic Congress (AEC) in Abuja on Monday. Represented by Special Adviser […]

Business Local News

Why Nigerians must ‘patronize made-in-Nigeria’ products – Buhari

President Muhammadu Buhari has called on Nigerians and the private sector to patronise Made-in-Nigeria products. Buhari said patronizing made-in-Nigeria products was the only way the country can sustain its drive towards achieving industrialisation. The President, who was represented by the Minister of State for Industry, Trade and Investment, Ambassador Maryam Katagum, said this yesterday at […]

Business Local News

DPR cautions petrol stations over safety measures

Timothy Olanrewaju, Maiduguri The Department of Petroleum Resources (DPR) has cautioned operators of gas plants and fuel stations over poor attitude to safety measures at their facilities. DPR zonal Operational Controller, North East, Idris Ali Zoka while on an awareness campaign on safety at petrol stations and gas plants in Borno and Yobe weekend, urged […]

Business Local News

NCC restates commitment to TVWS technology to expand broadband services

Chinenye Anuforo The Nigerian Communication’s Commission (NCC) said it is actively exploring the utilisation of Television White Space (TVWS) technology to expand affordable broadband services to rural areas, stating that it has issued Infrastructure Company (InfraCo) licenses to some organizations to deploy fibre across the geopolitical zones with Access Points in all the 774 local […]

Business Politics

Breaking: Nigeria ranks 131 in world bank ease of doing business – Presidency boasts

…As Buhari expresses delight By Nwafor Sunday Nigeria is currently occupying 131th position in the world bank ease of doing business, Presidency has reported. The report, which was released Thursday, also named Nigeria one of the top 10 most improved economies in the world for the second time in three years. President Buhari and Prof. […]

Business Local News

Nigeria, Russia sign new agreement

Nigeria and Russia, on Thursday in Sochi, Russia, signed an important Memorandum of Understanding (MoU), which will enable both countries’ oil giants, Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukeoil to elevate commercial relationship to a government-to-government backed partnership. Malam Garba Shehu, the Senior Special Assistant to the President on Media and Publicity, confirmed this […]

Business Local News

World Bank ranking: APC commends Buhari for building global competitive economy

The All Progressives Congress (APC) has said that the latest World Bank ranking which sees Nigeria jump 15 places in the institution’s Ease of Doing Business is a confirmation that President Muhammadu Buhari administration is building a global competitive economy. The ruling party also commended the bilateral agreements between President Buhari and the Russian President, […]

Business Local News

States are repaying bailout funds – Finance Minister

The Minister of Finance, Zainab Ahmed, has disclosed that the states that took the federal government loan for bailout have started repaying the loan. The minister at the budget defence before House of Representatives committee on Finance, disclosed that states have started paying back the loan since September. The disclosure followed a question by the […]

Business Local News

South Africa reveals what it’s doing to ensure ease of doing business, announces date of economic summit

The South African government has assured the world, particularly fellow African countries of its commitment to creating a stable, vibrant and investor-friendly environment for investment to flourish. South African spokesperson, Phumla Williams assured that the country would support foreign companies willing to take advantage of the country’s “many lucrative opportunities through various incentives.” Williams, who […]