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Business Solutions Money market Uncategorized

Students’ Loans Debt: Biden cancels another $1.2 billion

Washington, July 18, 2024 – The Biden administration announced it has approved another $1.2 billion in student loan debt forgiveness bringing the total debt borrowers have seen canceled since President Biden took office to nearly $169 billion. It is the latest step in an ongoing push by the president to wipe out student loan debt for millions of student loan borrowers and comes as Biden is facing mounting pressure to step aside and not seek a second term. The new round of relief impacted 35,000 public services workers. In total, nearly …

Business Solutions Manufacturing/Industry

Fubara urges investors to take advantage of economic opportunities in Rivers

Port Harcourt, May 22, 2024 – Siminilayi Fubara, the Rivers State Governor, has called on local and foreign investors to take advantage of numerous economic opportunities in the state. He made the call in Port Harcourt on Wednesday at the Rivers State Investment Summit 2024 where he assured investors that the state was safe and ready to do business in spite of the ongoing political crisis. The governor said his administration believed in the growth and development of Rivers first and ahead of any political rivalry. “This event we tagged …

Business Solutions Foreign General News

Tinubu calls for stronger regional bodies in Africa to drive integration

Abuja, May 22, 2024 – President Bola Tinubu has called for stronger regional bodies to drive integration and trade ties among African nations. Tinubu made the call in Abuja on Wednesday at the Summit on the State of Democracy in Africa. He also called for the revitalisation of sub-regional blocs like ECOWAS, EAC, and SADC to usher in an era of robust intra-African commerce, economic growth, and job creation. The President, who was represented by Vice President Kashim Shettima, said the immense potential of the African Continental Free Trade Area …

Business Solutions Commodities

Biden expects China to retaliate to new tariffs

 Washington D.C, May 15, 2024 – China appears to still be weighing how it will respond to sweeping new tariffs on Chinese imports, but Joe Biden told Yahoo Finance that a retaliation is likely coming. “I don’t think it’ll lead to any international conflict or anything like that, but I think they’ll probably try to figure out how they can raise tariffs, maybe on products that are unrelated,” Bident said in an exclusive Yahoo Finance interview. The president said he expected the coming trade conflict to be manageable, telling Yahoo Finance …

Business Solutions ICT Money market

Ecobank MySME Growth Series: Artificial Intelligence holds key to business development – Erhabor

Lagos, May 15, 2024 – Small and Medium Enterprises (SMEs) in the country have been advised to embrace Artificial Intelligence (AI) technology to grow their businesses. Ehia Erhabor, the Founder AI Nigeria, gave the advice during in his presentation at the Ecobank MySME Growth Series webinar titled “Using AI for Business Innovation”. He described AI as a gamechanger particularly for Small Businesses.  According to him, AI is rapidly transforming industries by automating processes, enhancing analytics, and enabling personalized customer experience, stressing that the future of AI is its democratization where companies …

Business Solutions Investment

FEC approves tripartite committee to facilitate visa issuance for investors

Abuja, May 15, 2024 – The Federal Executive Council (FEC) has approved the establishment of a tripartite committee to streamline visa issuance processes. Muhammad Idris, the Minister of Information and National Orientation, disclosed this on Tuesday after the Federal Executive Council (FEC) meeting. Idris said the committee would ease acquisition of the passports for foreign investors.  “Our visa processes are becoming cumbersome. The ease of doing business is also tied to our visa processes. “Going forward, those investors, tourists would find it easy to acquire a visa within the next …

Business Solutions Manufacturing/Industry

200 small industries receive FG’s N50,000 grants

Abuja, May 6, 2024 -About 200 small business have started receiving N50,000 grants promised by the Federal Government. The Federal Government offered the grants as part of its palliatives to cushion the effects of removal of petrol subsidy. Doris Uzoka- Anite, the Minister of Industry, Trade and Investments, announced this at the weekend, adding that the remaining 800,000 would get theirs before the close of the programme on May 31. She said about one million applicants had been slated to receive the grants out of the 3.6 million applications that …

Business Solutions Manufacturing/Industry Trade

US to expand AGOA to all African countries, extend it’s lifespan to 2041

Nairobi, April 29, 2029 – The United States is planning to extend beneficiaries of the African Growth Opportunities Act (AGOA) to all African countries and also extend its lifespan to 20241. The extension is expected to integrate AGOA with the African Continental Free Trade Agreement (AfCFTA) to support the development of intra-African supply chains. AGOA was enacted by the US in 2000 to facilitate more African exports to the U.S by allowing some African products, particularly textiles, to enter the U.S. duty-free. The Act will expire in 2025.. Speaking in …

Business Solutions

Consumer commission to check arbitrary price fixing

Abuja, April 15, 2024 – The Federal Competition and Consumer Protection Commission (FCCPC) says it will not hesitate to take action against businesses engaging in arbitrary price fixing. The FCCPC made the promise in a statement posted on its official X handle on Sunday. It said it was concerned about recent complaints about rising prices of goods in spite of the appreciation of the naira, adding that the rising cost of essential goods impacted consumers’ well-being and economic stability. “While we recognise that the commission cannot directly control prices, we …

Business Solutions Money market

Tinubu sends FCT 2024 budget estimates to Reps

Abuja, March 12, 2024 – President Tinubu has sent the 2024 Federal Capital Territory Administration (FCTA) budget estimates to the House of Representatives for consideration. The President’s letter on the budget was read at the House plenary on Tuesday. The letter reads: “In line with the provisions of Section 121 and 299 of the Constitution of the Federal Republic of Nigeria, 1999, the Honourable Minister of the Federal Capital Territory has prepared the 2024 budget proposal of the FCT which is here before you for the consideration and approval by …