Archives Tag: economy
BUSINESS Did You Know? ECONOMY
Three Sectors Bigger Than the Oil Industry in Nigeria
April 19, 2022
The National Bureau of Statistics recently released data on the growth of Nigeria’s economy in 2019. The GDP report showed that the country’s economy had grown by 2.27 percent in the year just passed. It had performed slightly better than many analysts (including those at the IMF) had expected. But it will need to grow … Continue reading Three Sectors Bigger Than the Oil Industry in Nigeria
NNPC and US Agency Sign $1.16 Million Deal for New Power Plant in Abuja
April 19, 2022
Nigeria’s state-owned energy company, the Nigerian National Petroleum Corporation (NNPC), has signed a deal with the United States Trade and Development Agency (USTDA) to build a new 1,350 megawatts (MW) power plant in Abuja. The agreement should see the USTDA come up with a $1.16 million grant to finance the project. The deal was signed … Continue reading NNPC and US Agency Sign $1.16 Million Deal for New Power Plant in Abuja
Five Interesting Facts To Know About Nigeria
April 19, 2022
This article obviously cannot furnish one with all the interesting facts about Nigeria. This is not even an attempt to do that, but rather, it outlines some very interesting facts about Nigeria that is often overlooked, downplayed or probably, not even known at all. Some of the facts here are already well established truths, but … Continue reading Five Interesting Facts To Know About Nigeria
By jeremiah
The CBN Is Reducing Charges on ATM Use and Bank Transfers
April 19, 2022
The Central Bank of Nigeria has announced a downward revision of a host of charges levied by banks for electronic transitions in the country. It says this move is aimed at driving financial inclusion for the millions of Nigerians underserved by the financial system. In a circular put out on Friday, 20th December, the apex … Continue reading The CBN Is Reducing Charges on ATM Use and Bank Transfers
Recap of the Lagos International Trade Fair 2019
April 19, 2022
The 38th edition of the Lagos International Trade Fair (LITF) was held at the Tafawa Balewa Square (TBS) from November 1, 2019- 10th November, 2019. Organized by the Lagos Chamber of Commerce and Industry (LCCI), the international trading platform had businessmen/women all over the world converge at Lagos State, Nigeria, Africa’s commercial hub, to carry … Continue reading Recap of the Lagos International Trade Fair 2019
By ugo-chinedu
How to Apply for the CBN’s ₦10 Million AGSMEIS Loan
April 19, 2022
The Federal Government, through the Central Bank of Nigeria (CBN), is offering agricultural businesses and SMEs in Nigeria loans worth millions of naira at a single-digit interest rate. This facility is part of the Agri-Business/Small and Medium Enterprise Investment Scheme (AGSMEIS), an initiative designed to boost the ventures at the lower end of the commercial … Continue reading How to Apply for the CBN’s ₦10 Million AGSMEIS Loan
Men You Should Know – Charles Soludo
April 19, 2022
Charles Chukwuma Soludo was born on the 28th of July, 1960. The man, popularly referred to as Charles Soludo, is a Nigerian Professor of Economics and a former Governor and chairman of the board of directors of the Central Bank of Nigeria (CBN). Soludo: Brain x Intelligence x Excellence Soludo is a core professional in … Continue reading Men You Should Know – Charles Soludo
By jeremiah
The Controversy Around the Recent VAT Rate Hike and Citizen Duty
April 19, 2022
Long after the Federal Government mulled the idea of increasing the Value Added Tax (VAT) rate, the Minister of Finance, Hajia Zainab Ahmed, announced on September 11 that the Federal Inland Revenue Service (FIRS) will be increasing VAT from 5% to 7.5% by the year 2020. At a chat with the National Assembly in March, … Continue reading The Controversy Around the Recent VAT Rate Hike and Citizen Duty
By adedoyin
What the Increase in Nigeria’s VAT Could Mean for Businesses
April 19, 2022
On Wednesday 12 September, Nigeria’s Federal Executive Council agreed to have the value added tax (VAT) on goods raised from 5% to 7.5%.  It’s widely understood that the rate hike is intended to fund the recently approved minimum wage, which has been revised upward from ₦18,000 to ₦30,000. The approval comes months after economic analysts … Continue reading What the Increase in Nigeria’s VAT Could Mean for Businesses
You Could Win ₦10 Million at the NES #25 Startups Pitching Event
April 19, 2022
If you’re part of a startup team and you’d like to get some funding to scale things up, here’s your chance to make it happen. The Nigerian Economic Summit Group (NESG) is organizing a pitching event for early-stage startups, which should see the winning team clinch a grand prize of ₦10 million. The NES #25 … Continue reading You Could Win ₦10 Million at the NES #25 Startups Pitching Event
Career Expo 2019
April 19, 2022
March 15th 2019, will be yet another memorable day that will remain unforgotten in the history of events lined up to close the gap of unemployment experienced amongst our youths. In order to enhance capacity Development Ascentech services Limited, one of the foremost Human Resources service providers in Nigeria, will be hosting over 3000 participants … Continue reading Career Expo 2019
By guestpost
Connect Nigeria Business Fair: What Is Your Customer Looking For?
April 19, 2022
The Connect Nigeria Business Fair is a grand opportunity for business owners, giving you the chance to showcase your products and services to thousands of customers and investors in one of the most suitable environments in Lagos, TBS (Tafawa Balewa Square). At a prestigious fair such as this, you will be competing against various other … Continue reading Connect Nigeria Business Fair: What Is Your Customer Looking For?
Business Growth Tip: Build an Adaptable Venture
April 19, 2022
How easily can your business adapt to changes in its operating environment? Does it embrace new technology readily enough? Will it struggle to redefine itself when the winds of the world render its products and services obsolete? What if a recession hits? Do you have at least a sketch of a plan to withstand a … Continue reading Business Growth Tip: Build an Adaptable Venture
Ngozi Okonjo-Iweala May Be Targeting World Bank Presidency Again
April 19, 2022
Former Nigerian finance minister, Ngozi Okonjo-Iweala, has suggested that she might still be interested in becoming president of the World Bank. She dropped this hint in an interview with CNN’s Richard Quest while she was at the World Economic Forum in Davos, Switzerland, last week. There’s been some noise around the top job at the … Continue reading Ngozi Okonjo-Iweala May Be Targeting World Bank Presidency Again
Did You Know? The Nigerian Stock Exchange was Founded in 1960
April 19, 2022
The Nigerian Stock Exchange has had a long, checkered life. The institution is represented in the consciousness of many people as an iconic multi-storey building located on Custom Street, Lagos Island. But while the high rise structure bearing its name has been a centre for stock trading since 1986, the NSE itself has existed for … Continue reading Did You Know? The Nigerian Stock Exchange was Founded in 1960
