By Lucy Ogalue The Federal Government is intensifying efforts to formalise the activities of Small and Medium Enterprises (SMEs) to increase the country’s tax net, an official has said. The Registrar-General Corporate Affairs Commission (CAC), Hussaini Magaji stated this on Thursday while disclosing that over 2.5 million businesses had beenContinue Reading
By Constance Athekame The Minister of Power, Mr Adebayo Adelabu, says the Federal Government is committed to settling more than three trillion Naira debt it inherited in the power sector. Adelabu said this in Abuja on Wednesday when he briefed newsmen. “Today, we are owing the Power Generating Companies (GenCos)Continue Reading
By Lucy Ogalue The Corporate Affairs Commission (CAC) and a firm known as Kudimata have agreed to collaborate to ensure economic sustainability and national development. The Registrar-General of CAC, Hussaini Magaji, said this when the Group Managing Director (GMD) of Kudimata, Kathleen Erhimu, visited him to present 30,000 youth businessesContinue Reading
By Lucy Ogalue The Abuja Chamber of Commerce and Industry (ACCI) says the private sector is the engine of economic opportunities and not the government. The ACCI President, Mr Emeka Obegolu, said this during his inauguration dinner as the 12th President of the ACCI in Abuja. Obegolu, who said heContinue Reading
TRS By Aisha Cole The Comptroller-General of Customs, Wale Adeniyi, says the service is well equipped to implement the Time Release Study (TRS) to reduce cargo clearance and facilitate trade in Nigeria. Adeniyi made the disclosureContinue Reading
By Rukayat Moisemhe The Money Lenders Association (MLA) has backed the recent enforcement by the Federal Competition and Consumer Protection Commission (FCCPC) aimed at ensuring ethical operations in digital lending in Nigeria. Mr Gbemi Adelekan, President, MLA, made this known in an interview with the News Agency of Nigeria (NAN)Continue Reading
By Sumaila Ogbaje The leadership of the newly established Nigerian-Spanish Business Council for Commerce Industry, Mines and Agriculture has promised to boost investors’ confidence in Nigeria by enhancing business relationship between the two countries. President of the Council, Ide John Udeagbala, made this known while briefing newsmen on the formationContinue Reading
By Rukayat Moisemhe Mr Dinesh Rathi, Chief Executive Officer (CEO), Lagos Free Zone (LFZ), says the support from the federal and state governments has been instrumental in fortifying the performance of businesses within the zone. Rathi said this on Tuesday in an interview with the News Agency of Nigeria (NAN)Continue Reading
By Femi Ogunshola Mr Olumide Adedoyin, the Registrar, Chartered Institute of Treasury Management (CITM), has urged the Federal Government to phase out higher denomination notes, such as the N1000 and N500 Naira notes, to strengthen the Naira. Adedoyin made this call in an interview with the News Agency of NigeriaContinue Reading
By Rukayat Moisemhe The Nigerian-British Chamber of Commerce (NBCC) has called for more incentives targeted at enhancing the performance of the manufacturing sector. Mr Ray Atelly, President, NBCC, made the call at the Chamber’s Presidential News Conference on Tuesday in Lagos. Atelly said this would help to further create jobs,Continue Reading
