Business Planning

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Business Planning

FEC approves creation of Renewed Hope Infrastructure Fund

Abuja, March 25, 2025 – The Federal Executive Council has approved the creation of the Renewed Hope Infrastructure Fund to enhance infrastructure development across the country. Zacch Adedeji, the Chairman of the Federal Inland Revenue Services, disclosed this on Monday after the Federal Executive Council (FEC) meeting. He said the fund was designed as a special purpose vehicle to drive the crucial investment needed for the country’s infrastructure development demands.  Adedeji said the plan of the Federal Government had been to bridge the infrastructure gap of over $858 billion that …

Business Planning Investment Money market

Diaspora investments can galvanise Nigeria’s economic prosperity – Dabiri-Erewa

Abuja, March, 22, 2024 – Abike Dabiri-Erewa, the Chairman of Nigerians in Diaspora Commission (NIDCOM), says  structured Diaspora investment can galvanise Nigeria’s economic prosperity. Dabiri-Erewa said this in Abuja on Thursday during a strategic meeting with a wealth management company, Optiva Capital Partners. She said the collaboration between Optiva Capital Partners and NiDCOM would be as a pivotal step toward harnessing the potential of Nigeria’s Diaspora community in fostering sustainable economic growth and strengthening ties between the Diaspora and their homeland. Dabiri-Erewa said that NiDCOM was willing to partner with …

Business Planning Foreign General News Investment

Access Banks acquires National Bank of Kenya 

Lagos, March 21, 2024 – Access Holdings Plc has entered into a binding agreement with Kenyan-based KCB Group Plc to acquire 100 percent stake in National Bank of Kenya Limited. According to a statement filed with the Nigerian Exchange Limited on Wednesday, Sunday Ekwochi, the Secretary of Access Holdings, said the transaction was in furtherance of the Bank’s expansion strategy in Africa. He said the acquisition would reposition it as a stronger and significant player in the Kenyan market whilst serving as a regional hub for East Africa. Roosevelt Ogbonna, …

Business Planning Money market

South African consumer inflation rises to 5.6%

Johannesburg, March 20, 2024 – South Africa’s consumer inflation rate rose to 5.6% in February from 5.3% in January.  Key contributors to the annual inflation rate include food, housing, transport, and miscellaneous goods and services like medical insurance.   According to Reuters, this is the second increase in a row, inching closer to the Central Bank’s upper target. Economists in the country stated this could imply longer waits for rate cuts The South African Reserve Bank, which has an inflation rate target of between 3% to 6%, will announce a monetary …

Agriculture Business Planning Capital market ICT Investment Manufacturing/Industry Money market Oil and Gas

Nigerian economy is resilient, attractive to investors – IMPI

Abuja, March 19, 2024 – The Independent Media and Policy Initiative (IMPI) says the Nigerian economy is very resilient and attractive to investors as investments in its key sectors are highly profitable. It also says there are verifiable data to show that Nigeria has a robust investment climate under the President Bola Tinubu administration contrary to the narrative of an economy shorn of investor confidence. In a policy statement signed by its Chairman Niyi Akinsiju, the policy think tank noted that it came to that conclusion after a comparative analysis …

Business Planning Foreign

Nigerian Biz Community in Ghana begs FG to use Trade Office to solve its problems

Accra, March 18, 2024. The Nigerian business community in Ghana has urged the federal government to use the Nigerian trade office in Ghana to solve its problems. The Nigerian government, under the leadership of former President Muhammadu Buhari, opened trade offices in some countries to assist the Nigerian business community abroad do their businesses. Comrade Evaristus Nwankwo, President, Nigerian Union of Traders Associations in Ghana, said in Accra that the Nigerian business community wanted the federal government to use the office to ameliorate their challenges. He said that Nigerians in …

Business Planning Capital market ICT Money market Oil and Gas

Heirs Holdings tells story of transformational investment in Africa, launches television commercial

Lagos, March 18, 2024 – Heirs Holdings has launched its first-ever television commercial.  The newly released television commercial (TVC) showcases the company’s diverse portfolio, spanning the power, energy, financial services, hospitality, real estate, healthcare and technology sectors while highlighting its commitment to driving positive change and sustainable development across Africa and beyond. With its compelling narrative, the commercial is captivating audiences worldwide, shining a spotlight on Heirs Holdings’ vision, and commitment to improving lives and transforming the continent. Link to the HH’s TVC: In 2010, Tony O. Elumelu, CFR, founded …

Business Planning Money market

2024 Budget: A milestone as capital expenditure exceeds recurrent since 1999

By – Mohammed Momoh Abuja, March 12, 2024 – The Independent Media and Policy Initiative (IMPI) has commended the federal government for allocating more funds to capital expenditure than recurrent in the budget for the first time in the current democratic dispensation. The group, which made the commendation through a statement signed by its Chairman Niyi Akinsiju, said   the decision to buck a 24- year trend with the 2024 budget is a reflection of the government’s sincerity to drive real economic growth. According to the policy think tank, there is …

Business Planning General News Money market

2024 Budget: A milestone as capital expenditure exceeds recurrent since1999

By – Mohammed Momoh Abuja, March 12, 2024 – The Independent Media and Policy Initiative (IMPI) has commended the federal government for allocating more funds to capital expenditure than recurrent in the budget for the first time in the current democratic dispensation. The group, which made the commendation through a statement signed by its Chairman Niyi Akinsiju, said   the decision to buck a 24- year trend with the 2024 budget is a reflection of the government’s sincerity to drive real economic growth. According to the policy think tank, there is …

Business Planning General News

Nigerian economy not in distress – Tinubu

Abuja, March 5, 2024 – President Bola Tinubu says Nigerian economy is not in distress, contrary to some speculations. Tinubu said this on Tuesday in reference to the Theme of Leadership Newspaper’s 2023 Awards Ceremony which was “An Economy in Distress: Which Way Forward?” Tinubu, who was represented by the Minister of Information and National Orientation, Mohammed Idris, said the country was facing some challenges, but not in recession. “I should start by respectfully challenging the notion that the Nigerian economy is in distress. Distress suggests helplessness, being at the …