Category: Business

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Nigeria’s loan approvals grew to $1.89 billion in 8 months – Afreximbank

The total loan approvals for Nigeria from the African Export-Import Bank (Afreximbank) has now risen to N1.89 billion in 8 months, the Executive Vice President, Corporate Governance and Legal Services at Afreximbank, Dr George Elombi, disclosed during the intra-African Trade Fair 2021 official Nigeria high-level roadshow which held in Lagos on Monday. Speaking on the theme “Promoting Nigeria-Africa Trade and Investment under the African Continental … Continue reading Nigeria’s loan approvals grew to $1.89 billion in 8 months – Afreximbank

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Nigeria has capacity to generate $18bn annually from export of cassava – Adebayo

The federal government at the weekend stated that when fully harnessed, Nigeria has the capacity to generate as much as $18 billion from the export of its estimated 45 million metric tonnes of cassava products every year. The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, who made the disclosure when he received the Chief Executive Officer of BKG Exhibitions, Mr. Ifeanyichukwu Agwu, noted … Continue reading Nigeria has capacity to generate $18bn annually from export of cassava – Adebayo

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Senate committee lauds CAC Registrar General on reforms

The Senate Committee on Trade and Investment, has commended Alhaji Garba Abubakar, the Registrar General of the Corporate Affairs Commission (CAC) for introducing reforms in the commission. Sen. Francis Fadaunsi, Chairman of the Committee, gave the commendation when he led other members on an oversight visit to CAC office in Kano. Mr Rasheed Mahe, Head Media Unit of the commission said this in a statement … Continue reading Senate committee lauds CAC Registrar General on reforms

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Business, Economy, Exchange Rate, Featured, LifeStyle, Money, News, News Now

Osinbajo to CBN: Naira exchange rate ‘artificially low’

Vice President Yemi Osinbajo on Monday described the naira exchange rate as ‘artificially low’, calling on the Central Bank of Nigeria (CBN) to devalue the currency to reflect the reality of the market. The vice president made the call while speaking at the ongoing Mid-Term Ministerial Performance Review Retreat in Abuja. The naira is changing for a dollar at N411 at the official market, while … Continue reading Osinbajo to CBN: Naira exchange rate ‘artificially low’

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Many Amazon corporate employees may stay ‘mostly remote’

…Amazon CEO Andy Jassy told the company’s office workers in a memo that decisions about returning to the office would vary from team to team. Many of Amazon’s corporate employees may continue to work mostly from home or other remote locations for the foreseeable future, CEO Andy Jassy said Monday. Jassy said in a memo posted to a company website that Amazon would not have one company-wide … Continue reading Many Amazon corporate employees may stay ‘mostly remote’

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Invest in technology tools as Investments in electronic payment systems hit $500m- CBN urges Banks

Central Bank of Nigeria CBN Governor Mr Godwin Emefiele has advised banks to adopt technology tools to enhance the country’s payment services, noting that payment services have attracted investment of about $500 million in firms operated by Nigerian founders. He made the disclosure at the 31st seminar for financial correspondents and business editors in Enugu on Wednesday. Emefiele, who was represented by the Deputy Governor, … Continue reading Invest in technology tools as Investments in electronic payment systems hit $500m- CBN urges Banks

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Coca-Cola unveils new global brand concept ‘Real Magic’

Coca-Cola has unveiled a new global brand concept and platform called ‘Real Magic’, which invites everyone to celebrate the magic of humanity. The platform refreshes the brand’s trademark promise to unite and uplift people every day with renewed relevance for the world we live in today. The platform is built from lessons of the last 18 months: that we can find the magic all around … Continue reading Coca-Cola unveils new global brand concept ‘Real Magic’

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VAT: Oyo Govt Seeks To Join Rivers In Suit Against Fed Govt

The Oyo State has asked the Court of Appeal sitting in Port Harcourt, Rivers State, for joinder in the suit instituted by the Rivers State Government against the Attorney-General of the Federation in respect to the bid by the state to take over the collection of the Value Added Tax (VAT) from the federal government. The suit, instituted by the Attorney-General of Oyo State, Prof. … Continue reading VAT: Oyo Govt Seeks To Join Rivers In Suit Against Fed Govt

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Double taxation: FCT-IRS moves to harmonise taxes, levies

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has assembled stakeholders in Lagos to harmonise taxes and levies, in order to address the issue of multiple taxation in FCT. The Executive Chairman of the FCT-IRS, Mr Abdullahi Attah, at the stakeholders retreat in Lagos on Tuesday, said the harmonisation would help boost revenue generation in the territory. The News Agency of Nigeria (NAN) reports that the … Continue reading Double taxation: FCT-IRS moves to harmonise taxes, levies

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South West Accounts For Over 75per Cent Of About 1000 Feed Mills In Nigeria ― Minister

The Minister of Agriculture and Rural Development, Dr Muhammed Abubakar, has said that the South Western part of the country accounts for over 75 per cent of feed mills in the country The minister who was represented by the Permanent Secretary of the Ministry, Dr Ernest Umakhihe, also said that Nigerian feed mills grew from 2 in 1957 to over 1000 presently thereby placing Nigeria … Continue reading South West Accounts For Over 75per Cent Of About 1000 Feed Mills In Nigeria ― Minister

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