The Corporate Affairs Commission (CAC) has resolved to Synergise with the Nigeria Financial Intelligence Unit (NFIU) to ensure that Nigeria exits the grey list of the Financial Action Task Force.The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, gave the assurance today while receiving the Director/CEO of the …
Read More »
Nigeria has lost out in agricultural export markets -WTO DG
12th March 2024
The World Trade Organisation, on Tuesday, said Nigeria had relinquished its leading position in the agriculture export market because a lot of its agricultural commodities do not meet the sanitary and phytosanitary measures required for exportation.It also pointed out that despite the abundance of arable lands and increased investments, 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 »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 »Catalyzing Digital Innovation: African Development Bank commits $80 million to Ekiti Knowledge Zone Project in Nigeria
In the heart of Nigeria’s Ekiti State, a groundbreaking initiative is taking shape – the Ekiti Knowledge Zone (EKZ), a bold step to transform the region into a hub for digital innovation and knowledge economy. The African Development Bank has committed $80 million in loan financing for this state-led pioneering …
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 »Nigeria’s new Dangote refinery to export first fuel cargoes
The refinery, Africa’s largest with a nameplate capacity of 650,000 barrels per day, was built on a peninsula on the outskirts of the commercial capital Lagos by the continent’s richest man Aliko Dangote. Nigeria has for years relied on expensive imports for nearly all the fuel it consumes but the …
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 »Faithful Implementation of CAMA 2020 Yielding Fruits in the Economy:Two million Businesses Registered- RG,CAC
The Registrar-General Of Corporate Affairs Commission,Hussaini Ishaq Magaji, SAN, has revealed that the implementation of the provisions of Companies and Allied Matters Act(2020)has started to yield fruits for the nation’s economy.Hussaini Magaji, SAN, said this when he led the management of Moniepoint Microfinance on a visit to the Hon. Minister, …
Read More »NNPCL, CBN Set Limit For Oil Revenue Management
The Nigerian National Petroleum Company (NNPC) Limited have collaborated with the Central Bank of Nigeria (CBN) to set limits for the management of the oil firm’s revenue. The limit was set following a meeting between the CBN Governor, Olayemi Cardoso and the NNPCL Group Chief Executive Officer, Mele Kyari, in …
Read More »