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Abdulsamad Rabiu Wins Industrialist Of The Year Award

• Seeks foreign investors in Nigeria Industrialist and Executive Chairman of the BUA Group, Abdulsamad Rabiu has urged foreign investors to invest in Nigeria.Rabiu said this in Lagos while receiving an award as the West Africa Industrialist of the Year, 2016 for his contributions to the growth of the Nigerian …

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Why Nigeria Remain China’s Best Friend In Africa – Chinese Ambassador

“Investors from all over the world are falling over themselves to come and do business in Nigeria”, said President Muhammadu Buhari in his recent National Day address to Nigerians. I know this to be true. Since my arrival in Abuja last month as China’s new Ambassador to Nigeria, I have …

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Bank Of Industry Seals N2bn MSMEs Financing Deal With Benue State Government

The Bank of Industry (Bol) has co-launched a N2 billion Micro Small and Medium Enterprises (MSMEs) development fund with the Benue State Government. Under the financing model, BoI will contribute N1billon which will in turn be matched in equal sum by the Benue State Government for on-lending to mainly businesses …

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The Nigerian ICT Sector Is A Haven For Investors – Says DG NITDA, Dr Pantami

ADDRESS BY THE DG NATIONAL INFORMATION TECHNOLOGY DEVELOPMENT AGENCY (NITDA) AT THE AFRICA INVESTMENT FORUM AT DUBAI WORLD TRADE CENTRE, UNITED ARAB EMIRATES (UAE). PROTOCOLS May Peace, Mercy and Blessings of Allah be upon you! All praises and thanks are due to the Lord of the universe. I am very …

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Breaking: Spain To Set Up Manufacturing Companies In Nigeria

Trade delegation coming May 2017 The Government of Spain has revealed plans aimed at setting up Spanish manufacturing companies among other businesses in Nigeria, which is targeted at exploring economic potential and build business relations Nigeria. This is even as an official trade delegation has scheduled a visit to Nigeria …

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Kaduna residents to pay N3,000 monthly for waste collection

The Zoom Lion Global Alliance, a waste disposal company, says residents of Kaduna state will soon begin to pay between N200 and N3,000 monthly levy for door to door waste collection. The company’s Managing Director, Mrs Abiola Bashorun, disclosed this during an assessment tour of dump sites and transfer station …

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FIRS Shuts Down Firms In Warri, Lagos, Ilorin Over Unpaid Taxes

The Federal Inland Revenue Service (FIRS), ramped up its tax enforcement drive when its teams shut down premises of companies with tax liabilities in Warri, Lagos and Ilorin. In Warri, Delta State, the enforcement team visited two companies. At a Construction company, along Enerhen Road, the FIRS team evicted all …

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Nigeria Enters Into $15 Billion Oil For Cash Deal With India

Nigeria and India have entered a $ 15 billion deal swapping oil for cash. The deal was negotiated on behalf of the federal government with the Indian government by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has thrown its …

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The Naira Inches Towards N280 Per US Dollar

The Nigerian currency, the Naira is inching towards  the N280 to the dollar opening rate at the Financial Markets Dealers Qoute (FMDQ). The naira on Wednesday closed at N304.75 to the dollar at the official interbank market from N305 recorded on Tuesday. At the Bureau De Change (BDC) window, the naira …

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Emirates, Kenya Airways To Suspend Flights To Abuja Indefinitely

Emirates Airlines will suspend Abuja-Dubai operations beginning October 30, 2016. The decision is due to foreign exchange hurdles, low patronage, and other operational issues, which have reduced the profitability of flying on the route. In a related development, East African carrier, Kenya Airways, has also announced it would suspend flights …

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