Small businesses should be awarded 25% of contracts, SMEDAN tells FG The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Wednesday in Abuja appointed the federal government to award 25 per cent of its contracts to Small and Medium Enterprises (SMEs). This is desirable as SMES contribute about 50 per cent of the…
I will achieve success by all means necessary, vows Tinubu President Bola Tinubu has restated his commitment to leading Nigeria to a brighter future. President Tinubu, who made the declaration at the opening ceremony of his administration’s first Cabinet Retreat at the new Conference Centre of the Presidential Villa, Abuja made it clear that he…
SON D-G develops roadmap for rapid industrialization The newly appointed Director General/Chief Executive of the Standards Organisation of Nigeria (SON) Dr. Ifeanyi Chukwunonso Okeke has released a roadmap that will to actualising rapid industrial economic development and growth of the country which is in line with the the Renewed Hope Initiative of President Bola Ahmed…
Seplat Energy JV ends 2023 edition of its Energy PEARLs Quiz *Don Bosco Science Academy emerges overall winner, winning schools get project funds, scholarships Seplat Energy Plc, Nigerian independent energy company, has concluded the 12th edition of Seplat Energy JV PEARLs Quiz, which is one of its signature educational Corporate Social Responsibility initiatives. Don Bosco…
Forex ban lift on 43 items will hurt economy, says MAN The Manufacturers Association of Nigeria has criticised the Central Bank of Nigeria’s decision to lift restrictions on 43 items from accessing forex through the official trade window. MAN said the new move would result in a serious setback on the productive sector. The Vice…
MAN urges FG to review Free Trade Zone operations The vice president of the Manufacturers Association of Nigeria (MAN), South-West Zone, Dr. Kamoru Yusuf has called for immediate review of the policy surrounding operations at the free trade zones in Nigeria, which has been subjected to serious abuses with little or no value addition to…
Reps to probe N39bn meters supply loan to Ziglaks by power ministry The House of Representatives has agreed to investigate the N39 billion settlement loan granted to Ziglaks by the defunct Ministry of Power, Works and Housing to supply meters to power Distribution companies (DisCos). The Federal Ministry of Power, Works, and Housing by Presidential…
Nine months report: Dangote Cement records 15% increase by volumes in 2023 Despite the recent global economic downturn occasioned by the Russia/Ukraine war, the Pan-African Conglomerate, Dangote Cement, has in the nine months ended September 30, 2023 reported 15.2 percent increase in pan-African volumes. According to analysis, the recorded positives rose from 7.4Mt to 8.5Mt,…
CNG Buses: FG launches pilot phase, presents coverted buses to State House The Federal Government on Friday launched a pilot phase of the Compressed Natural Gas (CNG) buses, announcing waiver of Value Added Tax (VAT) on CNG purchased vehicles. Engineer Micheal Oluwagbemi, the Chief Executive Officer (CEO) of the Presidential CNG Initiative (P-CNGi) disclosed,…
Only stable, sustainable power sector can guarantee Nigeria’s prosperity, says British Envoy The British High Commissioner to Nigeria, Richard Montgomery, has stressed the critical role of the power sector in Nigeria’s prosperity. Montgomery stated this in his remark at a roundtable on the Electricity Act 2023 with theme, “Implications and Opportunities for State Electricity Markets”…
