Advocates of women entrepreneurs have identified inadequate finance and information as topmost challenges among the leading Non-Tariff Barriers (NTBs) facing African businesswomen. The advocates stated this on Wednesday during a webinar on the Trade Easier Platform, a mechanism for reporting, monitoring and eliminating NTBs under the African Continental Free Trade Area (AfCFTA). According to them, Read More…
The October Purchasing Managers’ Index for the manufacturing sector stood at 49.4 index points, indicating a reversal of five consecutive months of contraction which started in May. This is according to the result of PMI survey released by the Statistics Department of Central Bank of Nigeria (CBN) on Tuesday. The manufacturing PMI for the month Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has implored all stakeholders to prioritise dialogue and constructive engagement to rebuild the nation from the aftermath of the #EndSARS protests. LCCI President, Mrs Toki Mabogunje, gave the advice in a statement issued in Lagos on Monday. Mabogunje reiterated the chamber’s position on the imperative of peace, Read More…
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has advised the EndSARS protesters to progress to dialogue as the next stage of civic engagement, in consideration of economic activities. Mrs Toki Mabogunje, President, LCCI, made the appeal in a statement on Monday in Lagos. Mabogunje said the dialogue phase was necessary to reduce the massive Read More…
The Nigerian Copyright Commission (NCC) has arrested and arraigned seven suspected and notorious pirates in Court. Mr. John Asein, Director General (DG) of the NCC, disclosed this in an interview with the News Agency of Nigeria (NAN) on Sunday in Yola, where he will present a copyright certificate to a prominent stakeholder in the state. Read More…
The Federal Government, states and local government councils have shared N639.901 billion for the month of September, Mr Aliyu Ahmed, Permanent Secretary, Ministry of Finance, Budget and National Planning, has said. Mr Hassan Dodo, Director of Information in the ministry, quoted Ahmed as disclosing this in a statement issued at the end of the Federation Read More…
The National Bureau of Statistics (NBS) says inflation rate in September rose by 0.49 per cent to 13.71 per cent from 13.22 per cent recorded in August. NBS made this known in its Consumer Price Index (CPI) for September released on Thursday in Abuja. It said the increase in the inflation in September was on Read More…
The Lagos Chamber of Commerce and Industry (LCCI) has called for urgent reform of the Nigeria Customs Service (NCS) to complement government and private sector’s efforts at economic recovery. Dr Muda Yusuf, the Director-General of LCCI made the call in a statement to newsmen on Sunday in Lagos. Yusuf said the NCS procedures and processes Read More…
The Manufacturers Association of Nigeria (MAN) has called on the Federal Government to prevail on electricity distribution companies to regularise the varying costs of electricity tariffs across the states of the country. Mr Mansur Ahmed, President, MAN, made the call in a statement on Friday in Lagos. Ahmed said that the appeal for uniformity in Read More…