BUSINESS - The Latest News From Across The Globe

17Th NCITI: Minister urges collaboration , policy implementation for Industrial Growth

Maureen Ikpeama1 month ago1 month ago17 mins

Federal Government on Monday charged state governments to deepen collaboration with the private sector and accelerate the implementation of policies that promote industrialisation, trade competitiveness and sustainable investment, saying Nigeria’s economic transformation depends on collective action across all tiers of government.The charge was given by the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole,…

Enugu Govt , SEDC Sign MoU on South-East Agro Development Programme for economic growth

Maureen Ikpeama2 months ago2 months ago19 mins

Enugu State Government and the South East Development Commission (SEDC) on Thursday signed a Memorandum of Understanding (MoU) on the South-East Agro Development Programme, a partnership aimed at boosting commercial agriculture, attracting private investment, creating jobs for youths and positioning the state as an agro-industrial hub. Speaking at the event held in Government House, Enugu…

Dangote refinery reduces petrol gantry price by N75/litre

Maureen Ikpeama2 months ago2 months ago04 mins

Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre This was contained in a circular to fuel marketers on Monday. The refinery said the adjustment followed the de-escalation of the tension in the Middle East, which had impacted energy prices in the past three months. “Following the…

Nigeria’s poverty rate increases to 63%- IMF

Maureen Ikpeama3 months ago3 months ago213 mins

International Monetary Fund (IMF) has disclosed that poverty in Nigeria has risen to 63 per cent, with millions of citizens struggling to cope with the economic impact of President Bola Tinubu’s reformed .The IMF in a statement made available on the annual review of the Nigerian economy, acknowledged that the government’s economic reforms over the…

Enugu Govt, EU-GIZ sign Agreement to electrify Four Rural Communities within Six months

Maureen Ikpeama3 months ago3 months ago48 mins

In it’s determination to boost the economy of the state and provide renewable energy in rural communities, Enugu State Government has signed grant agreements with four renewable energy developers for the electrification of four rural communities across the state’s three senatorial districts. The Agreement was signed under the Renewable Energy Development for State Electricity Market…

FCCPC says Tinubu did not approve new airtime credit Operators

Maureen Ikpeama3 months ago3 months ago113 mins

Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming that President Bola Ahmed Tinubu approved the entry of nine new operators into Nigeria’s airtime credit market. The Commission in a statement made available by the Director of Corporate Affairs, Ondaje Ijagwu, said the commission neither submitted any list of fintech companies to the…

PEBEC holds business environment town hall in Enugu ,June 3

Maureen Ikpeama3 months ago3 months ago02 mins

Presidential Enabling Business Environment Council (PEBEC) will on Wednesday, June 3, hold a town hall and stakeholders’ engagement in Enugu as part of its nationwide tour aimed at improving Nigeria’s business climate and strengthening collaboration between the public and private sectors.The event, scheduled for 12 noon at Hotel Presidential, Enugu, will bring together government officials,…

Dangote reduces petrol price

Maureen Ikpeama3 months ago3 months ago13 mins

Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,275 to N1,250 per litre, citing declining global crude oil prices and market realities in Nigeria’s deregulated downstream petroleum sector.SThe N25 per litre reduction, representing a two per cent decrease, comes amid growing competition among fuel suppliers…

FG, Enugu, SEDC partner to raise $50m Venture capital Fund for Southeast Entrepreneurs

Maureen Ikpeama3 months ago3 months ago311 mins

Federal Government of Nigeria , Tuesday, reaffirmed its commitment to building an innovation-driven economy, announcing massive infrastructure investments and financing support for entrepreneurs across the Southeast geopolitical zone as the South East Development Commission (SEDC) formally launched its Venture Capital Programme in Enugu. President Bola Tinubu disclosed that in his speech during the launch held…

Sunbeth announces plans to establish 70,000-metric tonne cocoa, 80,000-metric tonne cashew processing plants

Maureen Ikpeama4 months ago4 months ago06 mins

As part of its long-term strategy to deepening local value addition across Africa’s agricultural value chains, one of Nigeria’s largest cocoa exporters, Sunbeth Global Concepts Ltd, has announced plans to establish a 70,000-metric tonne capacity cocoa processing factory alongside an 80,000-metric tonne cashew processing plant, both currently under construction, . The Managing Director, Olasunkanmi Owoyemi,…