Business Planning

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Most Americans feel they pay too much in taxes, AP-NORC poll finds

New York, Jan. 28, 2024 – A majority of American taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds of U.S. taxpayers say they spend “too much” on federal income taxes, as tax season begins. About 7 in 10 say the same about local property taxes, while roughly 6 in 10 feel that way about state …

American companies ready to invest in Nigeria – Blinken

Abuja, Jan. 24, 20204 – Anthony Blinken, the U.S. Secretary of State, says U.S companies are ready to invest in Nigeria. Blinken said this at a press briefing after a bilateral meeting with President Bola Tinubu in Abuja on Tuesday.  “American entrepreneurs and companies are ready to partner and invest in Nigeria, particularly in the tech sector. “We have tech giants that have teamed up with Nigerian partners to help meet President Bola Tinubu’s one million digital jobs initiative. “Our tech entrepreneurs are fostering Nigeria’s next start-ups and our venture …

Shell’s plan to diversify will not affect Nigeria negatively – minister 

Abuja, Jan. 18, 2024 – Heineken Lokpobiri, the Minister of State for Petroleum Resources, says Shell’s diversification plans will not affect Nigeria negatively. He said rather, Shell’s decision would only create opportunities for indigenous companies with the capacity to acquire and professionally manage these assets Shell announced its decision to sell its onshore assets to a consortium of five Nigerian companies earlier this week. The minister said Nigeria would speedily consent to the Shell offshore assets sale upon the presentation of the necessary documentation to the government. He was reacting …

Edun inaugurates MOFI board, calls for transparency in asset management

Abuja, Dec. 22, 2023 – Wale Edun, the Minister of Finance and Coordinating Minister for the Economy, on Friday inaugurated the board of the Ministry of Finance Incorporated (MOFI).  He urged the board members to strive to triple the value of national assets to N100 trillion within the 10 years. He said there was immense potential in the national assets to bolster the government financially. The minister estimated the current value of these assets at N18 trillion, but added that the value could be higher with proper valuation. He advised …

Institute of Builders to stop importation of artisans

Abuja, Dec. 5, 2023 – The Nigerian Institute of Building (NIOB) is to stop importation of artisans and craftsmen from neighbouring West African countries. Alderton Ewa, its National President, said this in Abuja at his recent investiture as the 22nd President of the Institute in Abuja He said that the institute was saddened by the current practice of spending whopping billions of naira to import artisans and craftsmen by a nation that was well-endowed in all field of human resources. Ewa said that the practice had not abated in spite …

Gov. Soludo presents N410bn 2024 budget to state legislature

Awka, Nov. 21, 2023 – Gov. Charles Soludo of Anambra on Tuesday presented N410 billion 2024 budget to the state House of Assembly for approval. Speaking at the ceremony, Soludo said the budget tagged ‘Changing Gears: the transformation agenda begins’, was aimed at beginning the transformation agenda and implementing a new master to build a liveable and prosperous homeland. He said that the budget was made up of N313.9 billion capital expenditure, representing 77 per cent and N 96.2 billion recurrent expenditure, representing 23.46 per cent. The governor said that the …

Gov. Soludo presents 410bn 2024 budget to legislature

Awka, Nov. 21, 2023 – Gov. Charles Soludo of Anambra on Tuesday presented N410 billion 2024 budget to the state House of Assembly for approval. Speaking at the ceremony, Soludo said the budget tagged ‘Changing Gears: the transformation agenda begins’, was aimed at beginning the transformation agenda and implementing a new master to build a liveable and prosperous homeland. He said that the budget was made up of N313.9 billion capital expenditure, representing 77 per cent and N 96.2 billion recurrent expenditure, representing 23.46 per cent. The governor said that the …

Tinubu assures foreign investors of conducive business environment in Nigeria

Berlin (Germany), Nov. 20, 2023 – President Bola Tinubu on Monday in Berlin, Germany, assured international investors of the safety of their businesses and investments in Nigeria. Tinubu gave the assurance while speaking at a panel discussion on fostering local value chains and investments in Africa at the 4th G20 Investment Summit. He highlighted Nigeria’s stable democracy since 1999 and ongoing economic reforms which had made Nigeria a prime business destination. Tinubu listed the abundant business opportunities in Nigeria to include opportunities in  energy, ICT and agriculture, amongst others. (GBN)

ASA 2023 wraps up with winners in inaugural AgroPitch

Lagos, Nov. 17, 2023 – Five winners have emerged in the grand finale of the 2023 edition of Sterling’s Agriculture Summit Africa. This year’s edition, which featured a pitch competition called AgroPitch, saw Green Republic Farms Limited crowned the top agroprenuer, walking away with five million naira in grants and an agribusiness entrepreneurship training programme in the Lagos Business School. This year’s summit was sponsored by Sterling Bank, Leadway Assurance, Thrive Agric and Noor Takaful. Green Republic Farms Limited, a youth and women-led enterprise, emerged the overall winner and got …

UBA, Saudi EXIM Bank partner to enhance business relations, export growth

 Riyadh, Nov. 10, 2023 – Africa’s Global Bank, United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), a premier export credit agency in Saudi Arabia have announced a partnership to strengthen business growth and enhance economic cooperation between their economies. To this end, both institutions signed a Memorandum of Understanding (MoU) on November 9, 2023, to foster economic cooperation and trade relations between the two entities. The MoU was signed on the side-lines of the Saudi and Arab African Summits in Saudi Arabia. The partnership between UBA …


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