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Again, LCCI Harps On Imperative Of Investment-Friendly Policies For Growth

The Lagos Chamber of Commerce and Industry (LCCI) on Friday reiterated the need for the Federal Government to show more commitment to the promotion of investment-friendly policies as a strategic option of attracting capital into the economy and positioning it on the path of sustainable growth. The President of the organized private sector (OPS) group, […]

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CBN To Commit N100Bn To Revival Of Cotton, Textile, Ginning Industry

The Central Bank of Nigeria (CBN) on Tuesday said that it would support the ongoing plans to reactivate the moribund cotton, textile and ginning producing companies with about N100 billion, saying that so far a loan of N19.18 billion has been approved for nine cotton producing firms to revive their processing plants. The CBN Governor, […]

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Agric Mechanisation Will Boost Productivity, Create Jobs – FG

The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said that mechanized farming will boost the nation’s agricultural production capacity and create more jobs for Nigerian youths if explored. The Minister made this remark during a town hall meeting with the All Farmers Associations of Nigeria (AFAN) and other relevant stakeholders in Kano […]

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Revenue Constraints Hamper Attainment Of ERGP Targets – CDD

The Centre for Democracy and Development (CDD), one of Nigeria’s leading civil advocacy group on good governance, has identified revenue shortfalls as one of the constraints that undermined the Federal Government’s efforts to meet the broad economic development targets as outlined it the Economic Recovery and Growth Plan (ERGP). The civil society group made this […]

Economy News Extra Investments/Capital Market Latest News Manufacturing Political Economy

Nigeria Up 15 Spots In Global ‘Ease Of Doing Business’ Ranking

The World Bank has reported that Nigeria now ranked 131st position in the global Ease of Doing Business, indicating that the country moved up by 15 places from the 146 position it was ranked in 2019. The Breton Wood institution stated this in its latest Ease of Doing Business ranking report published on Thursday. The report indicated that amongst the factors that influenced the country’s […]

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Dangote, GE Seal Pact To Digitize Cement Plants’ Operations

Dangote Cement Plc has signed an agreement with GE to modernize seven GE LM6000PC Aeroderivative gas turbines and install the Asset Performance Management (APM) digital solution at Dangote Cement plants located in Obajana and Ibese, Nigeria. The terms of the deal also include Service Agreement Extension for additional 50,000 operating hours for each of the […]

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FG To Sustain Interventions In Agric Sector – Buhari

President Muhammadu Buhari on Thursday restated his administration’s commitment to sustain interventions in the nation’s agricultural sector to boost economic growth and create jobs for the unemployed in the country. The President gave the assurance at the National Agricultural Show to mark this year’s World Food Day celebration held at National Agricultural Showground, Tudun Wada, Keffi, […]

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New Tax Incentives Underway for MSMEs – FG

The Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, on Monday hinted of fiscal plans by the Federal Government, in form of tax incentives that will enable Micro, Small and Medium Enterprises (MSMES) in the country to minimize operational costs, post more profits  and by implication, be able to contribute to the nation’s revenue […]

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Closed Borders Will Be Re-Opened Soon – Ahmed

The Federal Government has assured Nigerians whose legitimate businesses are being adversely affected by the closed borders between Nigeria and the neighbouring countries that plans are ongoing to consider the re-opening of the borders. The Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, who gave the assurance on Monday during her briefings on the […]

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Over 392,000 Businesses Benefitted From MSMEs Clinics – Amb. Katagum

The Federal Government has disclosed that over 392,000 businesses have benefited from the Micro, Small and Medium Enterprises (MSMEs) clinics as part of strategies of the present administration to make it easier to do business in the country. The Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum, made the disclosure in her […]