Business Solutions

Showing: 31 - 40 of 83 Articles
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 …

Business Solutions Money market

Economic recovery: Obasanjo’s prescription worse than Atiku’s – TMSG

Abuja, March 12, 2024 – The Tinubu Media Support Group (TMSG) has dismissed the suggestion by former President Olusegun Obasanjo of a Zimbabwe economic model for Nigeria as worse than the Argentina prescription mooted by his former deputy, Atiku Abubakar. The group said this in a statement in Abuja signed by its Chairman, Mr Jesutega Onokpasa. It said Obasanjo’s recommendation was not well thought out and not worth considering. “We heartily congratulate the former President of Nigeria Chief Olusegun Obasanjo on his 87th birthday, and we wish him more active …

Business Solutions Money market

Ecobank MySME Growth Series: Expert proffers solutions to managing staff in “Japa” Era

Lagos, March 6, 2024 – Effective management of talents within the context of new work realities would check the migration of Nigerian professionals, popularly referred to as ‘japa syndrome’. Hilda Kabushenga, a human resource expert and Chief Executive of The African Talent Company, made this assertion in her presentation titled “Finding skilled labour in the japa era’ at the Ecobank Nigeria’s MySME Growth Series recently. She made the assertion against the backdrop of the migration of Nigerian professionals to developed countries. Kabushenga said that people were no longer looking for physical …

Business Solutions Investment Manufacturing/Industry

767 companies shut down, 335 distressed in 2023 – MAN

Lagos, March 6, 2024 – A total of 767 companies were shut down while 335 were distressed in Nigeria in 2023. The Manufacturers Association of Nigeria (MAN) said this in a statement on Wednesday. It attributed the situation to exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. The association condemned the recently introduced Expatriate Employment Levy (EEL) by the Federal Government. It said the levy ran contrary to the Renewed Hope Agenda, the fiscal policy and tax reforms of the current administration.  “The …

Business Solutions Foreign Investment

Qatar accepts Tinubu’s visits for business investment forum

Abuja, Feb. 25, 2024 – Qatari has accepted President Bola Tinubu’s request to visit the country for a business investment forum in March.   The acceptance of Tinubu’s visit was confirmed by a letter from the Government of Qatar to the Minister of Foreign Affairs in Nigeria dated February 23, 2024.   The letter reads: “The Embassy of the State of Qatar in Abuja presents its compliments to the Protocol Department of the Ministry of Foreign Affairs of the Federal Republic of Nigeria.   “Regarding the upcoming State visit of H.E. Bola Ahmed …

Business Solutions Money market

Ecobank Group wins Best Bank for SMEs in Africa 2024 award

… Nigerian Affiliate wins Best FX Bank in the country Lomé, Feb. 25, 2024 – Ecobank, the leading pan-African Banking Group, has won the Best Bank for SMEs in Africa 2024 award in Global Finance’s annual SME Bank Awards. The award ceremony took place on Feb. 20, 2024 at Glaziers Hall in London, UK. The award reflects Ecobank’s unwavering commitment to meeting the specialised needs of SMEs across its diverse markets. Also, one of its affiliates, Ecobank Nigeria emerged Best FX Bank under the Country & Territory Awards category for Nigeria. Global Finance …