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BPE to fix Problems Preventing Growth of Privatised Enterprises

The Bureau of Public Enterprises (BPE) has inaugurated four committees to come up with a mechanism for addressing the complexities and challenges hindering the growth and development of some privatised enterprises in the country, which were taken over by core investors over 10 years ago. BPE’s step is a calculated attempt to ensure that privatised […]

CBN set to Launch MfBs in 774 Local Government Areas

The Central Bank of Nigeria (CBN) unveil  it plans to establish Microfinance Bank (MfBs)  in all the 774 local government areas of the country. The Governor of Central Bank, Mr. Godwin Emefiele, announce the plan at Gwagwalada, Abuja while on a facility tour of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) MfB, an […]

N298 billion was raised from Value Added Tax in Q4 2018

The National Bureau of Statistics said Nigeria generated N298.01 billion from Value Added Tax in the fourth quarter, 2018. NBS said this in a Sectoral Distribution of VAT report for the fourth quarter, 2018 posted on its website. The News Agency of Nigeria reports that VAT is a consumption tax placed on a product whenever […]

In the Last Four Years, Nigeria Receive USD 43Billion Investment

According to a fresh report from the National Bureau of Statistics, Nigeria attracted USD 43 Bn worth of investments between January 2015 and December 2018. Based on the current naira to dollar exchange rate of the CBN, the USD 43.81 Bn is equivalent to about NGN 13. 36 Tn. According to a document retrieved from […]

South Africa, Malaysia ,China & India to take part In 30th Enugu International Trade Fair

ENUGU – China, South Africa and India have indicated interest to participate in the 30th edition of Enugu International Trade Fair, slated to hold in April. Emeka Udeze, President, Enugu Chamber of Commerce, Industry, Mines and Agriculture (ECCIMA) made this disclosure in Enugu on Tuesday at a press launch/briefing for the 30th Enugu International Trade […]

ECCIMA: Nigeria need to Upbeat about Economic Affair

ENUGU- THE Enugu Chamber of Commerce, Mines and Agriculture, ECCIMA has told Nigerians that apart from the election temperaments, they need to be upbeat about economic affairs. The chamber stated its concern on the issue of deepening democracy in Nigeria, noting that it was only with a thriving economy and free enterprise that the nation’s […]

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