Business

The Executive Secretary, National Action Committee on the AfCFTA, Mr. Olusegun Awolowo has lent his voice to the call for Nigeria to take proactive steps to wean Nigeria economy from total dependence on oil. Mr Awolowo spoke yesterday at the Zenith Bank International Trade Seminar to discuss the ‘Nigerian Non-Oil …

The Managing Director of Oil and Gas Free Zones Authority(OGFZA), Sen.Tijjani Yahaya Kaura, has described the two decades of the existence of his Authority,OGFZA, as a great success. Sen. Tijjani Kaura with media men after the Parley recently in Abuja He made this declaration recently during a media Parley with …

The purpose of free zones is misunderstood, even among government agencies in their line of duty. In this interview, Senator Tijanni Kaura, managing director of the Oil and Gas Free Zone Authority, says the zones have contributed tremendously to the country’s economic growth—and stand to add even more value, if …

The Nigeria Export Processing Zones Authority, NEPZA and Oil and Gas Free Zones Authority, OGFZA have solicited the support of the Nigeria Customs Service, NIS, in the development of the nation’s Free Trade Zones, FTZs in the country. The Managing Director/CEO of NEPZA, Prof. Adesoji Adesugba and his counterpart from OGFZA, Senator …

More than half (62 percent) of small businesses in Nigeria have a median monthly revenue lower than N300,000 while 47 percent earn lower than N200,000, a new small firm diaries report has said. The report which got its findings from 161 firms across three states such as Enugu, Lagos and …

Pursuant to the implementation of Companies and Allied Matters Act 2020, the Registrar General of Corporate Affairs Commission, Alhaji Garba Abubakar,has threatened to deregister about 100 thousand companies for failure to file annual returns. Most of the affected companies have failed to file annual returns in the last ten years …

The African Development Bank Group has announced it will provide $150 million in budget support to Zambia. The support is part of the Bank’s commitment to help Zambia emerge from a successful $6.3 billion debt restructuring for bilateral debtors.  Bank President, Dr. Akinwumi Adesina, made the announcement during a two-day …

Crypto giant Binance has laid off more than 1,000 people in recent weeks in a continuing exercise that could result in the exchange losing more than a third of its staff, the Wall Street Journal reported on Friday, citing a person familiar with the moves. According to Reuters, a string …

Nigeria needs to revolutionise its industrial sector to become an economic giant . Dr Akinwumi Adesina, President, African Development Bank made this declaration in his address to an audience gathered for Business Day Nigeria’s 2023 CEO Forum in Lagos recently. Akinwumi regretted that Nigeria is developing too slowly and far …

President Bola Tinubu has signed four Executive Orders one of which is the suspension of the five per cent Excise Tax on telecommunication services as well as the Excise Duties escalation on locally manufactured products. The Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake announced …