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Enugu Chamber says completion of its trade fair complex will boost Nigerian economy

The Enugu Chamber of Commerce, Industry, Mines and Agriculture says the completion of its complex will boost the country’s economy and encourage foreign investors to do business in the country. Emeka Okereke, Director General of the chamber, said this when the chamber officials visited the News Agency of Nigeria in Abuja. Okereke said that for […]

Networking is beyond handshakes and exchange of cards – Herbert Wigwe

Herbert Wigwe, the Group Managing Director of Sub-Saharan Africa’s biggest bank, Access Bank Plc, recently took to his Twitter page to talk about what a good business networking entails. He told his nearly twenty four thousand followers on the micro-blogging site that networking is beyond handshakes and exchange of cards. Instead, it also involves showing deep interest in […]

NNPC commences rehabilitation of Port Harcourt’s refinery to boost local supply

The Nigerian National Petroleum Corporation(NNPC) has commenced the rehabilitation of the first phase of the 210,000 barrels per day capacity Port Harcourt Refinery complex. The rehabilitation is aimed at to ensure local sufficiency in refined petroleum products. The Group Managing Director of the NNPC, Maikanti Baru, flagged-off the exercise at the complex which comprises the 60,000 barrels per day old Refinery built […]

Nigeria’s Mining Sector shows growth prospects, despite low credit provision

The production of solid minerals in Nigeria hits 55.85 million tonnes in 2018, according to the State Disaggregated Mining and Quarrying Data which was recently released by the National Bureau of Statistics (NBS). The Bureau’s data shows that compared to the 45.79 tons of solid minerals produced in 2017, solid minerals production increased to 55.85 tons in 2018, representing a 22% […]

GTBank goes beyond banking, launches digital playground for children

Guaranty Trust Bank Plc has built the first digital playground for children in Nigeria. The tier-1 lender, which is famous for designing innovative and personalised products that are tailored to customers’ needs, is putting children first. The GTBank Play Centre is equipped with a wide array of interactive games that will give kids a fun and immersive digital […]

Only FG, Lagos access capital market in 2017- FRC

Only the Federal Government and the Lagos State Government accessed the Capital Market for bonds in 2017, a Fiscal Responsibility Commission (FRC) report says. According to its 2017 Annual Report and Audited Accounts made available to the News Agency of Nigeria (NAN), the Federal Government issued N1.66 trillion in bonds, while Lagos state issued bonds […]

Suzuki takes vehicle plant to Ghana

The Japanese Multinational automobile manufacturing company, Suzuki Motor Corporation, has resolved to set up a production unit in Ghana. The company intends to make Ghana the hub of its operations in sub-Saharan Africa. Suzuki’s General Manager in-charge of Middle East and Africa, Koichi Suzuki, disclosed this when he called on President Nana Addo Dankwa Akufo-Addo […]

FG to auction N100bn bonds on March 27

The Federal Government will auction by subscription N100 billion worth of bonds on March 27, the Debt Management Office (DMO) says. The DMO said in a circular on its website on Tuesday in Abuja, that the five-year re-opening bonds of N40 billion to mature in April 2023 was offered at 12.75 per cent. It said […]

Breweries pioneers first solar power

Nigerian Breweries (NB) and CrossBoundary Energy have signed Heineken’s first solar project in Africa, the first of its kind for Nigeria. It is a fully-financed solar Power Purchase Agreement for a major Nigerian business customer. CrossBoundary Energy will be installing and operating a 650 kw solar plant located at NB’s Ibadan Brewery. It will operate […]

FIRS debunks 50% VAT increase

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. Nigeria at present has a 5 percent VAT regime on goods and services. The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made […]

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