Investment

Nigerian Ambassadors Get Charged

Nigerian Ambassadors gets charged

Just In: Federal Government charges Nigerian ambassadors in foreign nations to identify and give strategic investors in their domains that can invest in Nigeria on Wednesday. The charges were given through the Nigerian Investment Promotion Commission at the Roundtable on Economic Diplomacy meeting with various Nigerian ambassadors, hosted by the Abuja Chamber of Commerce and Industry. The Acting Executive Secretary, NIPC, Emeka Offor, said Nigerian embassies in other nations should provide opportunities for the commission to engage with leading investors in the foreign countries. He said, “There are about 178 national investment promotion agencies across the globe and they are all trying to...

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Food Prices Rising Worldwide

food prices

Food prices are skyrocketing worldwide as international prices for some agricultural commodities reached a high record in February. This was reported by the Food and Agriculture Organization of the United Nations (FAO) on March 4th. Effects of Ukraine's War on Food Prices Ukraine's war lead to severe food shortages in conflict hotspots and this led to a rise in food prices. The war is likely to make an impact on wheat and fertilizer exports from the region. Due to this impact, it is said that there could be a threat to food security in other regions. This threat can go as...

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UK BUSINESS WORKING VISA

uk business

Uk business is easy and transparent, and the Uk Home office introduced a number of business and investment categories. Which you can use to decide on what business visa to apply for that goes with what you intend to do there. Unlike other visas, you must be certain that you filled in the correct working visa to avoid issues in the long run. In some cases, your business visa can be granted a leave to remain in the Uk or in other words as a settlement in the Uk. Interesting right, the Uk open market, and diversified economy provide both investors and...

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FG pledges to lift Nigeria out of poverty, unemployment

The Federal Government says it is determined to do all it entails to lift the country out of poverty and unemployment. The Minister, Federal Ministry of Industry, Trade and Investment, Mr Richard Adebayo, stated this on Thursday in Jos at the 2020 ITF Merit Award ceremony, according to News Agency of Nigeria. Represented by the Director of Administration of the ministry, Mr Samuel Alabi, the minister said that the commitment of the Federal Government to diversify the nation’s economy and put it back to the path of growth through policies such as the Economic Recovery and Growth Plan, the Economic Sustainability Plan...

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NSE market capitalisation appreciates by N27bn

The market capitalisation of the Nigerian Stock Exchange for the third consecutive day on Wednesday posted further growth increasing by N27bn. The News Agency of Nigeria reported that the market capitalisation rose by N27bn or 0.23 per cent to close at N11.55tn against N11.52tn on Tuesday. Similarly, the All-Share Index, which opened at 33,436.61, inched 78.32 points or 0.23 points to close at 33,514.93 due to price growth by some highly capitalised equities. Seplat led the gainers’ table during the day, appreciating by N9.98 to close at N485 per share. Guinness followed with a gain of N3.10 to close at N66.10 and Okomuoil Palm...

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CMB’s gross earnings rise by 62% in two years

The acting Chairman, Cooperative Mortgage Bank, Walter Ogujiofor, has said that despite the harsh economic condition in the country, CMB’s gross earnings rose by 62.5 per cent between 2017 and 2019. A statement on Monday titled ‘CMB records 62 per cent gross earnings growth’, said he disclosed this during the bank’s annual general meeting that held virtually from the corporate headquarters of the bank in Ibadan. He also disclosed that the company’s profit after tax during the years under review also grew by 112 per cent, attributing the success to increase in the interest income from loans and advances. Ogujiofor said, “Despite the...

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FG signs investment promotion agreement with Singapore, Morocco

FG signs investment promotion agreement with Singapore, Morocco

The Federal Government on Monday announced that it had signed an investment promotion agreement with Singapore and Morocco. It also stated that it was in talks with the World Bank to develop a strategic plan for trade and investment in Nigeria. Permanent Secretary, Federal Ministry of Industry, Trade and Investment, Nasir Sani-Gwarzo, disclosed this at the virtual/physical technical session of officials of the 12th meeting of the National Council on Industry, Trade and Investment in Abuja. The theme of the meeting was “Revitalisation of the industry, trade and investment sector in Nigeria in the post-COVID-19 pandemic era.” Sani-Gwarzo said the FMITI was reviewing many...

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FG granted N341.94bn waivers in three years –Minister

minister of finance

The Federal Government said on Monday that it granted import duty waiver worth N341.94bn from August 2017 to August 2019. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this at a one-day sensitisation seminar on the Automated Import Duty Exemption Certificate at the Nigeria Customs Training College, Kano. The Minister, who was represented by the Kano State Commissioner of Finance, Alhaji Shehu Na-Allah Kura, said between 2011 and 2015, the Federal Government had conceded about N1.024tn through the grant of only four types of incentives including import duty waivers, VAT waivers, pioneer status non-oil companies and pioneer status...

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Access Bank, IFC Empower 50 Female Entrepreneurs

Access Bank, IFC Empower 50 Female Entrepreneurs

Access Bank Plc and the International Finance Corporation (IFC) have empowered 50 women across Africa who graduated from the bank’s ‘W’ Womenpreneur pitch-a-ton Africa initiative.The participants were put through a mini Masters in Business Administration (MBA) programme by the International Finance Corporation (IFC), a member of the World Bank Group. The programme, in its second edition, had over 40,000 applications which was later pruned down to 50 participants, who took part in the free mini Masters in Business Administration (MBA) certification programme.The Womenpreneur Pitch-a-ton Africa 2020 campaign was designed to provide female owned businesses across Africa an opportunity to access to...

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Firm Launches Grant for SMEs

A media platform in Nigeria focused on young audience demographic, Pop Central, has launched the Small Medium Enterprises (SMEs) Ad Grant.The organisation said the initiative would afford small businesses the opportunity of free exposure on live television. According to a statement made available to THISDAY, the media platform would be giving verified SME in Nigeria millions of naira worth of free advert grants via its station, Pop Central TV, DStv channel 189.Chief Executive Officer, Pop Central Yinka Obebe , stressed that SMEs are crucial for local and economic development. He said: “According to research, in Nigeria, SMEs contribute 48 per cent of...

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