Susceptible to critique, accomplished banker-cum-administrator Bismarck Rewane was on Channels Television recently to analyse how the Central Bank of Nigeria’s Monetary Policy Committee hiked the Monetary Policy Rate (MPR) from 18.75 percent to 22.5 percent (400 basis points) will affect Nigerians. Elaborating on what he termed the audacity of the …
Read More »Upscale the Quality of Your Products to Meet global standards, WTO DG charges Shea Producers
The World Trade Organisation, on Tuesday, charged Nigeria and other African countries to improve the quality of their shea exports, as a lot of the commodities do not meet the sanitary and phytosanitary measures required for export. It also pointed out that despite the clear benefits and advantages in the …
Read More »UAE Lifts Travel Ban on Nigerians
At last Nigerians will heave a sigh of relief after a long wait as the United Arab Emirates (UAE) has said it will resume visa services for Nigerians, which is a significant step in strengthening bilateral ties between the Arab country and Nigeria. According to the UAE authorities, the resumption …
Read More »Report to Me Any of My Officials Who Obstruct Progress or Ask for Bribe – President Tinubu to Qatari Investors
President Bola Tinubu has assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine investor confidence in the Nigerian economy, pledging to remove all bottlenecks standing in the way of profitable …
Read More »FG Launches Expatriate Employment Levy(EEL) To Balance Employment Between Nigerians and Expatriates.
President Bola Tinubu on Tuesday in Abuja launched the Expatriate Employment Levy (EEL) to facilitate home-grown skill retention and technology domestication and to balance employment opportunities between Nigerians and expatriates. Speaking at the launch of the Expatriate Employment Levy handbook, the President also said the aim is to close wage …
Read More »CAC Institute Reward Policy To Enhance Staff Productivity
The Corporate Affairs Commission has unveiled a reward policy for staff in order to enhance productivity and further entrench discipline in the system. The Registrar General/CEO of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, stated this while unveiling the Commission’s 2024 blueprint at a one-day strategic leadership retreat …
Read More »BUA announces 50% salary increment for staff
Chairman of BUA Group, Abdul Samad Rabiu, says the company has approved a 50 per cent salary increment for staff across board.Rabiu made the disclosure in an internal memo signed on Sunday in Lagos by Mr Mohammed Wali, BUA’s Head of Human Resources. The memo quoted BUA chairman as saying …
Read More »Shell seeks OGFZA Buy-In To Distribute Gas
Shell Nigeria Gas (SNG) Limited has indicated interest in collaborating with the Oil and Gas Free Zones Authority (OGFZA) for the supply of gas. The collaboration comes as SNG begins to diversify into offshore activities and gas distribution. The move for a collaboration was announced at a business meeting between …
Read More »Stakeholders seek resolution of conflicts in free zones
Stakeholders have welcomed moves to resolve lingering issues around operations in free zones. From Left: Dr Olufemi Ogunyemi, Managing Director/Chief Executive Officer,NEPZA and Alhaji Bamanga Usman Jada, Managing Director/Chief Executive Officer,OGFZA at the meeting The issues include challenges with the Nigeria Customs Services operations in the zones as well as …
Read More »Fuel price ‘ll soon come down, says Cardoso
Pump prices of Premium Motor Spirit (PMS) petrol will moderate this year as government and private-owned refineries begin operation, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso has said. Cardoso spoke on Wednesday, January 24, 2024 at the launch of the Nigerian Economic Summit Group (NESG) 2024 Macroeconomic Outlook Report …
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