Expert chides FG over committing only N51.4m to industrial clusters, SEZs dev.
Development expert, Dr. Ken Igboanugo has berated the federal government for committing as small as N51.4 million in the development of six Special Economic Zones (SEZs) and Industrial Clusters in the country, saying “The amount is too small to make…
Clearing agents turn Okada riders as cargo shipping to Nigeria plunge by 19%
The loss of jobs and frustrating influence of the current economic recession are taking tolls in every sector and mainly the maritime industry. Investigations by our correspondents at the two key seaports in Lagos, Apapa and Tincan have revealed that…
Export expansion grant policy coming back next year—Minister
The Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah has given an indication that the federal government is set to reintroduce suspended Export Expansion Grant policy early next year. According to him, the grant would be reviewed to encourage…
3 bills coming to NASS to lift creative industry
Moves have been concluded by the Federal Ministry of Information and Culture is to present three bills to the National Assembly in its effort to re-position the Creative Industry for optimal performance through legislative and regulatory framework. The Minister, Alhaji…
Huawei, Fortis deepen CSR, opens ICT Centre for productivity at Eti-Osa
In keeping with its Corporate Social Responsibility (CSR), Communications technology services provider, Huawei (Nigeria) in conjunction with Fortis Project Limited have inaugurated information and communication technology (ICT) project at Eti-Osa East local council development area of Lagos State. Director of…
Recession forces hotel occupancy to 10 year low, ebbs below 40%
Operators of the nation’s hospitality sector have opened up on the impacts of recession on their business. Checks by our correspondent across mega hotels in Lagos, Abuja and Port Harcourt showed serious drop in overnight patronage in the last seven…
Provide forex, power, roads and ease of credit facilities, leave tax, MAN tells FG
Barely less than two days the Federal Government said in a bid to ease the burden of the current economic recession on the manufacturing sector, it is planning some form of tax relief for manufacturers, a Lagos based manufacturer, Chief…
Dangote to end importation of coal used for cement production in March 2017
Logistics are getting set by leading cement manufacturers, Dangote Cement Industries to begin the mining and sourcing of coal for its cement production within Nigeria in March next year. Before now, the company has been sourcing the material overseas at…
NSCCIMA looking for international market to sell Nsukka-Pepper
More jobs still need to be done by the federal government in its plan to deepen the exportation drive for local agricultural products as the Nsukka Chamber of Commerce, Industry, Mines and Agriculture (NSCCIMA) says it is seeking international market…
Fire guts N450m goods at Erisco foods parking store
It was a case of double tragedy for indigenous manufacturer, Erisco Foods, makers of Tomato paste as goods worth about N450 million were destroyed in an inferno Tuesday in its Lagos warehouse. The company had been threatening to relocate from…
