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Why FCMB bagged ITF Merit Award

FCMB Balogun

More facts have emerged on why First City Monument Bank (FCMB) bagged the Industrial Training Fund (ITF) Merit Award as the Best Contributing Employer in Human Resource Development for the year 2016. In a statement, ITF said the award came as a result of the bank’s compliance with best practices, being up to date in its training programmes for staff ...

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Half year report: Dangote Cement hits 12.6% sales volume increase across Africa


Leading African cement brand, Dangote, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. Business Hilights recalls that Dangote Cement is a high-growth, low-debt, internationally diversified company that has just paid a dividend amounting to nearly 75% of 2016 net profits to shareholders. Latest publication of ...

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FG, others meeting on luxury tax as Moët & Chandon sees hot market in Nigeria


At a time the Federal Government has commenced discussions with state governments and National Assembly on the framework for the implementation of the planned taxes on luxury items, leading luxury wine manufacturers, Pierre-Louis Araud, the Global Brand Ambassador for Moët & Chandon who is on marketing visit to Nigeria said “I am to here to share the magic of Moët ...

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Dangote, Zuma group driving revival of Nigeria’s coal industry for power

Dangote A

More private sector investors are deepening activities in the nation’s moribund coal exploration industry as part of renewed drive to grow power supply for mega industries. It would be recalled that coal is one of the major sources of power generation. It is one of the most important fuels for power generation and this is one of the factors recently ...

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S/East states open for investors in aviation, oil, gas, tourism—-Obiano

Anambra Airport deal 2

The Anambra State Governor, Chief Willie Obiano has revealed that the whole of South East is open and ready for long time investors in critical sectors including oil and gas, aviation and tourism. He listed Agriculture, Industrialization, Trade and Commerce and Oil and Gas as key drivers of investment in the Anambra state and the entire south east. In his ...

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Legalise prostitution in Nigeria to end spread of HIV, STDs—Report

sex workers

In what may sound tentatively absurd, the Nigerian Sex Workers Association (NSWA), though not yet duly registered or officially recongised has called on the Federal Government to make brotel sex work a legal business in Nigeria to curb the spread of HIV and other related sexually transmitted diseases (STDs). The lead argument of the group and their sponsors is that ...

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Nigerians see hope for rural economy as Senate okays autonomy For LGs

Nigerian Senate

Wednesday’s approval for clear autonomy for the third tier of government, the Local Government by the Senate during the clause by clause adoption of the amended provisions of the 1999 Constitution has started generating reactions from Nigerians. Currently, local government administration had been fused with states, thus making the state governors, the lords of both their states and local governments ...

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Abia mulls new EPZ codenamed ‘Enyimba Industrial City’ in Aba

Ikpeazu Abia

As part of new drive to position Aba, Eynimba City as the pivot of South East industrial hub, the Abia State Governor, Dr Okezie Ikpeazu, has commenced plans to build the ‘Enyimba Industrial City’ that will make the State an export processing zone (EPZ). Key stakeholders at the hub, according to the governor will include operators of import plant, machinery, ...

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Smart City Initiative is to drive cleaner, safer, productive Lagos—Ambode

Ambode- 22

The Lagos State Governor, Mr Akinwunmi Ambode has given more insights on the target of Smart City Initiative (SCI) of the government. Speaking on the issue recently, he said “Our smart city initiative will help to ensure that the state is cleaner, safer, productive and then more resilient thereby making the state more attractive for Foreign Direct Investment”. “Upon assumption ...

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Only 10.93% of Nigerian workers registered under pension scheme in Q2 – NBS


Fresh figures from the website of the National Bureau of Statistics (NBS) has shown that only 10.93 per cent of the total working population under the pension scheme. The details further revealed that the Retirement Savings Account (RSA) membership distribution data for second quarter, 2017 reflected that over 7.5 million workers on the platform. The NBS stated this in a ...

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