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 […]
The Manufacturers Association of Nigeria (MAN), has urged the Joint Tax Board (JTB) to facilitate the take off of the implementation of the harmonised taxes and levies with a view to ensuring compliance by states and local governments. The Director-General of the association, Mr. Joseph Ajayi-Kadri, made the appeal at the 46th Annual General Meeting […]
The World Bank has finalized arrangements with the Federal Government to invest $123.5 million in the exploration of industrial minerals in the country. A consultant at the Breton Woods institution, Vitor Carrieia, gave this hint on Tuesday in Abuja while unveiling the Industrial Minerals Roadmap that will guide the planned investments in the sub-sector of […]
The Standards Organisation of Nigeria (SON) and relevant stakeholders have reviewed standards to revive the nation’s paper industry with a charge to investors to deploy new technologies that are critical to improving their operations and market competitiveness in the years ahead. The SON’s Director General, Osita Aboloma, who gave this hint at a technical committee […]
The Ministry of Industry, Trade and Investment and Shandong Ruyi International Fashion Industry have signed a Memorandum of Understanding (MoU) for a $2 billion investment in the nation’s cotton sub-sector with a view to enhancing productivity across its value chains. According to available information provided by the ministry, the deal was one of the 13 […]
The Central Bank of Nigeria (CBN) has reported that the nation’s Purchasing Manufacturing Index (PMI) in the month of August expanded at 57.1 index points, thereby sustaining the expansionary trend in the real for the 17th consecutive month. The apex bank’s Statistics Department conducted the August 2018 PMI survey from between August 9th and 17th […]
Nigerian banks lending to the private sector declined by N600.60 billion over the past six quarters, dropping from the N16 trillion recorded in the first quarter of 2017 to N15.34 trillion, in the second quarter of this year. This data was contained in the National Bureau of Statistics’ (NBS) latest report on Selected Banking Sector […]
The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has commended the Central Bank of Nigeria (CBN) and the Bankers’ Committee on the latest directive to banks to provide loans at single digit interest rate to the agricultural and manufacturing sectors of the economy. The Special Adviser on Media to the Minister, Dr. Kayode […]
The nation’s Manufacturing Purchasing Managers’ Index (PMI) rose to 57.0 in June, improving from 56.5 index points in the preceding month, indicating monetary and other measures’ positively impact on the real sector of the economy According to the latest PMI report by the Central Bank of Nigeria (CBN), the index grew at a faster rate […]