Business Solutions

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Agriculture Business Solutions

NAHCO begins export of raw Nigerian foods abroad  

Lagos, May 13, 2023 – The Nigerian Aviation Handling Company (nahco aviance),  a ground handling service provider at Nigerian airports, has started exporting raw Nigerian foods abroad. The food export business is being done by its new subsidiary, NAHCO Food and Beverages Limited. It started with the exportation of fresh pepper after obtaining the necessary regulatory certification and approval from the Nigerian Agricultural Quarantine Service (NAQS) and with due consultation with foreign food standards agencies. The company said the new export business was being done in conjunction with some appointed …

Business Solutions Capital market

Invest in FGN securities, DMO advises Nigerians

Port Harcourt, May 11, 2023 – Patience Oniha, the Director-General of the Debt Management Office (DMO), has advised Nigerians to take advantage of FGN securities to invest and earn regular income. Oniha, who gave the advice on Thursday in Port-Harcourt during the FGN Securities Issuance Awareness Programme, said the FGN securities were safe investment tools for retail investors. The DMO Chief was represented by Alfred Ekiye, the Deputy Director (Administration) in the DMO. She said that the awareness programme was organised in collaboration with CSL Stockbrokers Ltd., the stockbroking firm …

Business Solutions General News

LCCI lists advantages of petrol subsidy removal

Lagos, April 18, 2023 – The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday identified some advantages in the removal of petrol subsidy as being contemplated by the Federal Government. Its President, Dr. Michael Olawale-Cole, said the removal of subsidy would be one of the best economic decisions to be taken by Nigerian government. He was speaking at the chamber’s second-quarter State of the Economy Conference in Lagos. He said that removal of petrol subsidy would also reduce Nigeria’s unsustainable debts and widespread corruption in that sector. Olawale-Cole said …

Business Solutions

Coca-Cola: Creating a better shared future through women economic empowerment

By Alfred Olajide ‘Equality is not just the right thing to do, it is smart economics. No society can ever truly flourish if it stifles the potential of its women and deprives itself of the contribution of half its citizens.’ At Coca-Cola, we know that women are not only essential to building thriving communities – we truly believe they represent one of the biggest accelerators of economic growth globally, which is why Coca-Cola is creating shared opportunities for our communities. We believe that a diverse, equitable and inclusive workplace makes …

Business Solutions Currencies

Nigerians suffer as cash shortage takes toll on businesses, households

By Tajudeen Atitebi Lagos, Feb. 18, 2023 – Shortage of physical cash for transactional purposes has brought down Nigerian traders and households on their kneels in the last three days. The Global Business News (GBN) reports that businesses have slowed down considerably in many parts of Nigeria since Thursday when government announced some landmark decisions on its naira redesign programme. President Muhammadu Buhari, in the nation-wide broadcast, announced that the two most widely circulated banknotes in Nigeria, the N500 and N1000 notes, had seized to be legal tender since Feb. …

Business Solutions General News

UK issues safety advisory to its citizens on current crises in Nigeria

Lagos, Feb. 17, 2023 – The United Kingdom (UK), through its Foreign, Commonwealth, and Development Office (FCDO), has issued safety advisories to its citizens in Nigeria and those traveling to Nigeria due to the current crises. In its updated advisories posted on its website, the UK FCDO, urged its citizens in Nigeria and those traveling into the country to take extra precautions around banks and Automated Teller Machines (ATMs) in the country as there has been a spike in criminal activities in those places. The UK government also informed her citizens …

Business Solutions Maritime/Shipping

Nigeria needs improved partnership with Republic of Korea – Jamoh. 

Lagos, Feb. 8, 2023 – Choi Yeong, the Deputy Minister for Overseas Koreans and Consular Affairs, Republic of Korea, says Nigeria is the gateway to unlocking the potential of the African Continent’s Blue Economy. Choi Yeong made the assertion during a courtesy call on NIMASA Management in Lagos. He was led by the Korean Ambassador to Nigeria, His Excellency Kim Young Chae. Yeong also commended the sustained and improved security situation in the Gulf of Guinea with the strong presence of Nigeria, adding that the Korean government looks forward to continuous support …

Business Solutions Politics

FG to realise N11.54tn from highway concession

Abuja, Jan. 20, 2023 – The Infrastructure Concession Regulatory Commission (ICRC) says government will realise N11.54 trillion on the 25-year concession granted for maintenance of some highways in the country. Manji Yarling, the Acting Head, Media and Publicity of ICRC, said this in a statement in Abuja on Thursday. The ICPC said that the approvals came through the Highway Development and Management Initiative (HDMI). It said the goals of the project were to ensure efficient management and development of the country’s federal road network and provide adequate highway services. The …

Business Solutions Manufacturing/Industry

Global unemployment to rise by 5.8% in 2023 – ILO

Lagos, Jan. 19, 2022 – The International Labour Organisation (ILO) says global unemployment rate will rise by 5.8 per cent in 2023. A new report by ILO on ‘World Employment and Social Outlook: Trends 2023 (WESO Trends) published on its website, reported this. It also projected that global employment growth would be only 1.0 per cent in 2023 which will be less than half the level in 2022. ILO said that the moderate size of this projected increase would largely be due to tight labour supply in high-income countries.  “This …

Business Solutions Delivery Services Travel

The Gambia signs MoU with Africa50 on management of Senegambia Bridge

Casablanca,  Jan. 11  2023 – The Gambia has signed a Memorandum of Understanding (MoU) with Africa50, the pan-African infrastructure investment platform, for the Senegambia Bridge to be considered for Africa50’s Asset Recycling Programme. Asset Recycling is an initiative for governments to monetize existing  infrastructure assets through concession to the private sector with funds received being reinvested in other priority projects. Under the scheme, Africa50, together with a technical partner, are expected to manage and operate the Senegambia Bridge under a PPP scheme. Africa50, as the lead concessionaire, plans to engage leading …