Business Solutions

Showing: 21 - 30 of 83 Articles
Business Solutions Politics

SERAP urges NASS to disclose monthly running costs, stop fixing own salaries

Abuja, Aug. 18, 2024 – Socio-Economic Rights and Accountability Project (SERAP) has urged the management of the National Assembly to disclose the exact monthly running costs being paid to members of the National Assembly. It advised the Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to promptly end the alleged practice of the National Assembly fixing its own salaries, allowances and running costs, in conformity with the Nigerian Constitution 1999 [as amended], and the country’s international obligations. Kolawole Oluwadare, the SERAP Deputy director, made …

Business Solutions Manufacturing/Industry

Afreximbank, Veenocks sign facility agreement for tiles plant in Nigeria

Cairo, Aug. 15, 2024 – African Export-Import Bank (Afreximbank) has signed a project preparation facility agreement with Veenocks Limited for the financing of the development of Veenocks’ porcelain tile manufacturing plant located in Sagamu, Ogun State, Nigeria. The plant, to be operated as an indigenously owned state-of-the-art facility with an annual production capacity of 6.6 million square metres of floor and wall tiles, is expected to bring on stream assets with an estimated investment cost of US$117 million. Mrs Kanayo Awani, the Executive Vice President, Intra-African Trade and Export Development Bank, …

Business Solutions Manufacturing/Industry

CPPE advises Nigerian regulatory agencies to exercise powers with discretion

Lagos, Aug. 11, 2024 – The Centre for the Promotion of Private Enterprise (CPPE), a private sector think tank in Lagos, has appealed to regulatory agencies in the country to exercise their powers with more discretion. The centre gave the advice in a statement issued by its Chief Executive, Muda Yusuf, in Lagos on Sunday. The CPPE said it had observed a growing trend of irritations, distractions, and frustrations inflicted on manufacturing sector and investors in the country by the regulatory agencies. The CPPE said these overbearing regulatory dispositions often …

Business Solutions Money market

Heirs Insurance Group appoints Ibrahim Puri,  Sonny Iroche as independent non-executive directors

Lagos, Aug. 8, 2024 – Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance provider, has announced the appointment of Ibrahim Puri and Sonny Iroche as independent non-executive directors of its non-life insurance business, Heirs General. The appointments further strengthen HIG’s governance and leadership team.  HIG has enjoyed rapid growth since its launch in 2021 as consumers benefit from the group’s unique offering of digitally driven insurance products and customer-centric service proposition. Ibrahim Puri is an accomplished financial services leader with over 30 years of experience in banking, fintech, and FMCG industries.  …

Business Planning Business Solutions Manufacturing/Industry

Dangote regains title of Africa’s richest man

Lagos, Aug. 5, 2024 – Aliko Dangote has reclaimed the title of Africa’s richest man, just days after South African businessman Johann Rupert briefly overtook him. As of August 5th, 2024, according to Bloomberg’s billionaire real-time index, Dangote’s net worth stands at $13.7 billion, surpassing Rupert’s current net worth of $13.3 billion. He is six spots above the South African billionaire on the Bloomberg’s list. On August 2nd, 2024, Rupert had risen to the top of Africa’s wealthiest with a net worth of $13.6 billion, matching Dangote’s at the time. The …

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 …