Dangote seeks tax reliefs for SMEs
leading indigenous industrialist and President of Dangote Groups, Alhaji liko Dangote, yesterday urged government at all levels to reduce the multiple taxes placed on small and medium businesses. Dangote in a statement in Lagos, said that the small and medium…
Analysts suspect IMF’s claim on Nigeria as Africa’s biggest economy
The recent affirmation by the International Monetary Fund (IMF) that Nigeria is the biggest economy in Africa has increased its average Cumulative Productivity Index (CPI) forecast for 2016 to 14% from 11% in 2015 has started to elicit reactions from…
GTBank grosses profit by 59% to N120bn in 9 months
Leading digital and innovative money deposit bank, Guaranty Trust Bank Plc yesterday reported a gallop of 59 per cent in profit after tax (PAT) to N119.9 billion, following a major boost from foreign exchange (FX) revaluation gains. The unaudited results…
CBN ready to guarantee Letters of Credit for importers
The Central Bank of Nigeria (CBN) will in the next few months, fund the 60-day forward sales and request from the agricultural, aviation, machinery and raw materials sectors. The deal will guarantee letters of credit for importers to ship in…
Renewal coming as NASS passes North-East Development Commission Bill
Apparent official respite is now heading the way of North-Eastern states following the passage of the bill seeking for the establishment of North East Development Commission (NEDC). The bill passed by the Senate when assented by the President, will ride…
SMEDAN moves to empower physically challenged
The management of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has assured the physically challenged in Nigeria of the Agency’s readiness to improve their lives by encouraging them to become successful entrepreneurs. The Director General of the agency,…
Unilever now highest employer in Nigeria
Unilever has been certified as the Top Employer in Africa for the third consecutive year, by the Top Employers Institute. The British-Dutch multinational consumer goods company was certified as the Top Employer in Nigeria, Zimbabwe, Ghana, and Kenya. Unilever Nigeria’s…
NASS passes agric credit fund for states, FCT
House of Representatives has expressed support for the legal framework that “seeks to set up the commercial agricultural credit scheme at single interest rate.” Provision of the bill, which was transmitted by the Senate to the House for concurrence said…
Anxiety as Senate warns of imminent air crashes
Palpable fears were created yesterday at the floor of the Senate, following a motion tagged “Disturbing Development in the Nigerian Aviation Industry” presented by Senator Dino Melaye. Alluding to the fears in his contributions to the motion, the Minority Leader,…
FG approves transaction adviser on rail concessioning, ready for rehabilitations
The Federal Government has given more explanations on why it gave approval on the appointment of transaction advisers to negotiate with General Electric (GE) on rail line concessioning. Minister of Transport, Rotimi Amaechi, said “For the transport sector, I’m sure…
