The Director-General, West African Institute for Financial and Economic Management (WAIFEM), Prof. Akpan Ekpo, has advised the Federal Government to formulate necessary implementation strategies that would help achieve the goals of its current economic diversification agenda. The economist gave the advise a lecture titled ‘Diversification: Path To Sustainable Economic Recovery and Growth’ delivered at a forum […]
The Minister of Budget and National Planning, Senator Udoma Udoma, at the weekend said that government had revived the Export Expansion Grant (EEG) and Export Development Fund (EDF) schemes with N13.28 billion in the 2018 budget to facilitate export of Made-in-Nigeria goods to the international markets. Udoma was quoted in a statement issued by his […]
The Nigerian-American Chamber of Commerce (NACC), in collaboration with Facebook and Digivate 360, has trained about 50 Small and Medium Enterprises (SMEs) on growing their businesses leveraging digital media. The training which was held in Lagos at the Facebook NG Hub, attracted participants from various sectors of the SME value chain nationwide. Commenting on the […]
The Central Bank of Nigeria’s (CBN) has reported that the nation’s Manufacturing Purchasing Managers’ Index (PMI) grew to 56.8 points in October, representing the 19th consecutive month of positive traction. The October PMI report that hoisted on the apex bank’s website indicated that when compared with the preceding month’s rate, the October manufacturing PMI index […]
President Muhammadu Buhari on Friday restated his administration’s commitment to sustain the investments in critical infrastructure across the country as a strategic step towards improving the environment for businesses and properly positioning the nation’s economy on the path of sustainable growth. The president made the promise when he received representatives of Trade Associations from the […]
The Federal Government has approved a 90-day special window to register Micro, Small and Medium Enterprises (MSMEs) at a discounted rate of N5,000 as part of its efforts to make easy the process of registering enterprises and improving the nation’s Ease of Doing business rating. The Vice-President, Prof. Yemi Osinbajo, who gave this hint on […]
The Managing Director of Heritage Bank Plc, Ifie Sekibo, has advised budding African entrepreneurs of the Next Titan Housemates to talk to small and medium enterprise (SME) desks of banks to access credit as a special interest rate set by the monetary authorities. The banker gave the advice in his keynote address titled ‘Why African […]
The Nigerian Export Promotion Council (NEPC) has indicated its intention to review Nigeria’s export regulations regime as a strategic option of improving the performance of the nation’s non-oil export in the years ahead. The Council’s Executive Director and Chief Executive Officer, Mr. Olusegun Awolowo, who gave this hint at the NACCIMA/NAWORG Export Promotion Conference in […]
The Manufacturers Association of Nigeria (MAN) has put the inventory of unsold finished products in the warehouses of manufacturing companies in the country at about N321.12 billion in 2017, representing a 255 percent increase over the preceding year’s stock valued at N90.43 billion. The immediate past President of the association, Dr Frank Jacobs, made this […]
The Executive Secretary of the Lagos State Employment Trust Fund (LSETF), Mr. Akintunde Oyebode, has disclosed that at least 8000 Micro, Small and Medium Enterprises (MSMEs) and allied businesses accessed approximately N6 billion since the establishment of the Fund in 2016. In addition, the SMEs management expert said that about 15,000 jobs hadbeen created by […]