By Gena Lubem A team from the World Bank working on improving the mining sector in Nigeria has paid a visit to the Gemological Institute of Nigeria (GIN). The team comprising of Mr. Linus Adie, Mr. John and Ms. Noora Arfaa were received by the GIN board Chairman, Prince Adetokunbo Kayode, CON., SAN, and the […]
BUSINESS AND ECONOMY
The FG, States and LGCs share N693.529 billion for the month of September 2019
By Victor Akaa, Abuja The Federal Account Allocation Committee (FAAC), at its meeting in Abuja, shared to the Federal Government, States and Local Government Councils a sum total of N693.529 billion as federal allocation for the month of September 2019. From this amount, inclusive of VAT and Exchange Gain, the Federal Government received N293.801 billon, […]
SON Council approves 128 news standards for economic advancement
By Raphael Jov A new set of 128 Nigeria Industrial Standards have just been approved for publication, dissemination and use by Stakeholders in Nigeria to drive economic advancement by Manufacturers, Processors, Assemblers and Importers of products and services. The new Standards were approved by the Nigerian Standards Council at its 5th meeting held at the […]
PenCom to hold conference for company directors
In a bid to foster a sound pension industry anchored on good corporate governance that is consistent with international best practices, the National Pension Commission (PenCom) is convening a conference for directors of licensed Pension Operators to promote capacity building and institutional strengthening of the operators. According to a statement issued by PenCom , the conference […]
Customs collect N5bn daily during border closure –Ali
The Comptroller-General of the Nigeria Customs Service, Hameed Ali, on Wednesday, told the National Assembly members that the agency had been raking in between N4.7bn and N5.8bn since the Federal Government closed the nation’s borders. Ali stated this when he appeared before the Senate and House of Representatives joint committees on Finance and National Planning, […]
Entrepreneurship: Foundation organises contest for persons with disability
Barrister Sam Otobueze Foundation (BSOF), a non- Governmental Organisation (NGO) is to open an application portal to enable people living with disabilities with entrepreneurial ideas to compete. Otoboeze told the News Agency of Nigeria (NAN) in Abuja the idea was part of the foundation’s strategy of empowerment in rural communities. He said the portal would […]
How rates’ unification will enhance transparency, attract FDI
Telecom operators risk sanctions over poor service
The Nigerian Communications Commission has read the riot act to telecom service providers, asking them to improve their quality of service or face regulatory sanctions. The Executive Vice-Chairman of the commission, Prof. Umar Danbatta, gave the warning on Friday at the NCC Day of the Abuja International Trade Fair. A statement on Sunday by the […]
Nigeria makes World Bank’s list for top-20 “improves in doing business”
The World Bank Doing Business (DB) team has announced Nigeria as one of the top-20 improvers in doing business out of 190 countries. Dr Jumoke Oduwole, Special Adviser to the President, Ease of Doing Business, disclosed this a statement in Abuja. She said that the announcement came ahead of the Oct. 24 release of the 2020 […]
2019 AITF extended to 2nd October
The on-going 2019 Abuja International Trade Fair (2019AITF) organised by the Abuja Chamber of Commerce and Industry (ACCI) has been extended to Wednesday, 2nd October. According to a statement from ACCI which was jointly signed by the Chairman of the planning Committee, Dr. Johnson Anene and the Director General, Tonia Shoyele, the extension became necessary […]