The Centre for the Promotion of Private Enterprise (CPPE), a frontline private sector advocacy organization in Nigeria, has called on the Federal Government to immediately review its recently introduced Expatriate Employment Levy (EEL) policy in view of the negative implications of its implementation for the economy. The Centre, in a Note issued on Sunday by […]
Manufacturing
Transcorp Power Announces Listing On NGX Main Board
Transnational Corporation Plc (Transcorp Group) has announced the listing of its subsidiary, Transcorp Power Plc, by introduction on the main board of the Nigerian Exchange (NGX). This disclosure was contained in a statement released by the Transcorp Group’s Company Secretary, Stanley Chikwendu, on Monday. According to the statement, there will be a “Facts Behind the […]
Shettima To Open Expanded National MSMEs Business Clinics In Ogun State
… To Inaugurate Fashion Hub, Adire Shared Facility in Ogun The Vice President, Kashim Shettima, will on Tuesday declare open the Expanded National Micro, Small and Medium Enterprises (MSMEs) Business Clinics in Abeokuta, Ogun State, as part of the activities lined up for his one-day visit to the state. The Expanded National MSMEs Business Clinic […]
Ogun, International Partners To Train 100,000 SMEs’ Owners, Youths
Ogun State Government has unveiled plans to train 100,000 Small Medium Enterprises (SMEs) owners, especially youths, on emerging technologies, towards empowering them for contributions to the current drive towards digitalization of the economy. The ICT capacity building initiative would be pursued through GetFundedAfrica Technologies (GFAT) in partnership with Microsoft, Google and Meta In his keynote […]
Ericsson, MTN Group Seal Pact On Nigeria, S/Africa’s Network Modernisation
Ericsson and MTN Group have agreed to modernise the core network of MTN’s affiliates in South Africa and Nigeria over five years in line with MTN Group’s MTN Unified Cloud Acceleration (MUNA) principles and objectives. The MTN Group in a statement indicated that the agreement was recently concluded, where the companies agreed on key strategic […]
Climate Change Will Exacerbate Future Economic Losses – Swiss Re
A new report by the Swiss Re Institute has indicated that climate change will have a larger impact on economic losses in the future, with the US and Philippines projected to be the hardest hit. The report listed four key weather perils, namely floods, tropical cyclones, winter storms in Europe, and severe thunderstorms, which are […]
Presidency Justifies Arrest Of Binance Executives
The Presidency has given reasons why some Executives of a cryptocurrency trading platform, Binance Nigeria, are arrested and being quizzed by security agencies Speaking on the ‘Politics Today’ programme in Channels Television on Wednesday, President Bola Tinubu’s spokesman, Bayo Onanuga, alleged that the cryptocurrency trading platform was involved in some foreign exchange (FX) transactions abuses […]
Afreximbank Appoints Yemi Kale As Group Chief Economist
Nigeria’s former Statistician-General of the Federation and Chief Executive of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has been appointed as Group Chief Economist & Managing Director of Research and International Cooperation at the African Export-Import Bank (Afreximbank). With more than two decades of cognate experience in statistical research and development planning, Kale […]
5Kg Cooking Gas Price Rises By 12% Y-o-Y In January 2024
The average retail price for refilling a 5kg Cylinder of Liquefied Petroleum Gas (Cooking Gas) increased to N5,139.25 in January this year, representing 12.00% increase from N4,588.75 it sold at in the corresponding month of last year, the National Bureau of Statistics (NBS) has reported. The Bureau, in its ‘Liquefied Petroleum Gas (Cooking Gas) Price […]
CBN’s Jerk Up Of MPR, Other Rates Will Hurt Economy – CPPE
The Centre for the Promotion of Private Enterprise (CPPE), a leading private sector advocacy group in Nigeria, has flawed the Central Bank of Nigeria’s Monetary Policy Committee (MPC) on its latest monetary policy decisions during its two-day meeting which ended on Tuesday in Abuja, saying that the jerking of the lending benchmark rate and others […]