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IT, e-Commerce resolving the challenge of market access for SMEs—NEPC

NPEC 2

There are indications that the global challenge of market access for Small and Medium Enterprises (SMEs) is gradually being taken care of by continuous adoption of relevant technologies and inclusion of e-Commerce platforms. Explaining more during a workshop for SME operators, the  Chief Executive Officer of Nigerian Export Promotion Council (NEPC), Mr. Segun Awolowo, noted that market access had continued ...

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Nigeria can save $3bn yearly if it begins backward integration on steel—BUA chief

BUA Group boss, Abdulsamad Rabiu

In his remarks at the opening plenary of the Africa CEO Forum in Abidjan, Cote d’Ivoire, the founder/Executive Chairman of BUA Group and Chairman of CCNN, Abdulsamad Rabiu, has advised the federal government to work towards implementing backward integration in iron and steel sub sector of the economy. According to him, such policy direction will not only replicate the huge ...

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Labour opens new angle to resuscitate Ajaokuta Steel Company, tame concession

Ajaokuta-sc

Just as the battle of wits continue between the executive and legislature on the soul of the Ajaokuta Steel Company, Kogi State, the Iron and Steel Senior Staff Association of Nigeria (ISSAN) has called on the Federal Government to unbundle the company. The idea, according to the group is ensure its effective operation and viability rather than concession the company. ...

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Upon FG, states’ investment claims in rice farming, no local rice in markets

lake rice launch

An irony several Nigerians have found very hard to figure out remains the observed lack of local rice in leading Nigerian markets especially Lagos, upon all the efforts and publicity of the federal government’s investments’ in the trade. In the last couple of years, the Central Bank of Nigeria (CBN), through its Anchor Borrowers Programme (ABP) has pumped well over ...

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IMF, Bill Gates on collusion course over review, implementation of ERGP by FG

Bill Gates at Expanded NEC Meeting

More twists are still trailing the federal government’s economic development blueprint, the Economic Recovery and Growth Plan (ERGP) as less than 48 hours after US billionaire and founder of Microsoft group, Mr. Bill Gates called for a review that will include human capital development in the plan, the International Monetary Fund (IMF), has advised for fast tracking of the implementation ...

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AfDB Board of Governors meeting to review ‘Accelerating Africa’s industrialization’

Adesina 33

The 53rd Annual Meeting of the Board of Governors of the African Development Bank and 44th Meeting of the Board of Governors of the African Development Fund, the concessional arm of the Bank Group, are scheduled to take place from May 21-25, 2018 in Busan, Korea. During the meetings, the Bank will organize a series of knowledge events to generate ...

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Many Nigerians thought Gates only came for Dangote’s daughter’s wedding, but…

Bill Gates at Expanded NEC Meeting

When Business Hilights did a story penultimate Monday that ‘Bill Gates presence at Dangote’s daughter’s wedding in Kano is good for the economy’ (http://businesshilights.com.ng/bill-gates-presence-at-dangotes-daughters-wedding-in-kano-good-for-the-economy/), many readers reacted and asked us the link between attending the wedding and the Nigerian economy. Little did they know that Gates will be a special guest alongside his billionaire friend, Aliko Dangote to the ‘Expanded ...

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Facts emerge on why Nigerian farmers can’t stop exporting raw agro products

Yam Export in Nigeria

Though Nigerian agricultural experts have advised farmers to stop exporting raw materials, but rather add value to the products to generate higher revenue, development economist, Dr. Ibrahim Ahmed has given reasons why the trend may not change very soon. In an interview with Business Hilights Abuja Bureau chief weekend, he said “Farmers are virtually on their own from cultivation to ...

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Fight for the soul of ASC deepens as 301 Reps drive Bill to rest its commercialization

Ajaokuta-sc

Having seen the seriousness of the executives to concession the ageless and moribund Ajaokuta Steel Complex (ASC), in Kogi State, the National Assembly has began the process of amending the Public Enterprise (Privatisation and Commercialisation) Act with the aim of inserting a clause that will exempt the national asset. Already, the Bill has passed second reading on Thursday last week ...

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Stop delaying disbursements to developers once approval is made by FMBN—Dangiwa

FMBN Hqs

Managing director/chief executive of Federal Mortgage Bank of Nigeria (FMBN), Arc. Ahmed Musa Dangiwa has warned against refrain from delaying disbursements to developers once approved by the bank. He has also called on Primary Mortgage Banks (PMBs) to harmonise their interest rates in order to conform to the laid down uniform underwriting standards and advised them to spread their branches ...

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