President Muhammadu Buhari in a nationwide broadcast to mark the country’s 56th Independence Anniversary of Nigeria on Saturday, gave assurance that his administration is working on the right things in addressing the economic recession. Buhari, who acknowledged that recession for many individuals and families, commended all Nigerians for making “incredible sacrifices.’’ “I know that uppermost in […]
Continue ReadingThe Federal Government plans to reduce the income tax being payed by Small, Micro and Medium Enterprises (SMMEs) in the country to encourage more start-ups in the sector. A statement by the Federal Ministry of Finance on Thursday said the gesture was also to boost profitability of existing ones, generate new jobs and make higher […]
Continue ReadingI am indeed pleased to be here with you today on this special occasion of the 44th Annual General Meeting (AGM) of the Manufacturers Association of Nigeria (MAN). I congratulate MAN on the successful hosting of this meeting, which brings together captains of industry from across the country to share experiences and ideas on strategies […]
Continue ReadingThe Government of Ogun state has signed agreement with a consortium of four private firms to build a refinery, proposed to be the second largest in sub-Saharan Africa.The agreement also included the building of the largest petroleum product depot in Nigeria. The agreement was signed in Abeokuta on Wednesday between the government and four firms: […]
Continue ReadingAfrica’s leading Pan-African bank, recently hosted a cocktail reception for US and African business leaders at the Essex House in New York City. The event was held alongside the UNGA and right after the US – Africa Business Forum(USABF) which was organized by Bloomberg and the United States department of Commerce. The Chairman of UBA, […]
Continue ReadingA Former President of Nigeria, Chief Olusegun Obasanjo on Tuesday advised Nigeria to borrow, spend less and earn more in order to get out of the current economic recession.Obasanjo spoke in Abeokuta at the opening ceremony of the National Council On Finance and Economic Development Conference (NACOFED). The theme of the conference is “Enhancing Revenue […]
Continue ReadingThe Trans Niger Pipeline in Gio, Tai Local Government Area of Rivers state has been shut by Shell Petroleum Development Company (SPDC) of Nigeria Limited. In a statement issued in Port Harcourt on Tuesday, Mr Joe Obari, SPDC spokesman, said a fire was observed on the right of way of the pipeline (TNP) at in Ogoni […]
Continue ReadingMembers of the ECOWAS Parliament have advised Nigeria to avoid using “panic measures” to address the country’s current economic situation.The call was made at the presentation of Nigeria’s Report at the ongoing second Ordinary Session of the ECOWAS Parliament in Abuja on Monday. Members of parliament raised concerns over Nigeria’s current economic situation and advised […]
Continue ReadingThe President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, on Monday in Abuja announced billions of dollars packages to address Nigeria’s economic crisis.In a statement in Abuja, Mr Femi Adesina, the Special Adviser on Media and Publicity to President Muhammadu Buhari, said the AfDB president announced the packages during a meeting with President […]
Continue ReadingLeading African financial institution, Guaranty Trust Bank plc, has announced the launch of ART635 (art635.gallery), a Virtual Arts Gallery created to reignite interest in African art and drive the growth and development of the local art industry. Art635is a foremost online repository of African artworks and is set to serve as a leading platform for […]
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