At the 10th edition of the LCCI Entrepreneurship Mentoring Programme (EMP) graduation ceremony, the Lagos Chamber of Commerce and Industry (LCCI) inspired 117 graduating entrepreneurs to leverage their technical expertise and resilience for community building and sustainable development in Nigeria. Dr. Michael Olawale-Cole, President of LCCI, emphasised this charge, stating, “Your technical knowledge and resilience Read More…
Business
Heirs Insurance Group donates solar power station to enhance Nigerian passport processing
In Lagos on December 5, 2023, Heirs Insurance Group announced the donation of a 30KVA solar power station to the Ikoyi Passport Office of the Nigeria Immigration Service (NIS) to enable round-the-clock passport production. Dr. Awele Elumelu, Non-Executive Director of Heirs Holdings, highlighted the initiative’s objective, stating, “Through this project, Heirs Insurance Group demonstrates its Read More…
The Alternative Bank unveils AltBiz and AltInvest at Kano Trade Fair, marks major financial milestone
In a significant stride within the financial domain, The Alternative Bank proudly presented two groundbreaking financial products, AltBiz and AltInvest, at the ongoing 44th Kano International Trade Fair. This unveiling signifies a pivotal juncture for the bank, solidifying its influential role in reshaping the financial landscape, particularly in the northern region. AltBiz, tailored for business Read More…
FIRS announces tax amnesty, offers concession on penalties and interests
The Federal Inland Revenue Service (FIRS) has introduced a significant measure, approving amnesty on penalties and interests linked to outstanding tax liabilities, as confirmed by the Chairman of FIRS, Zacch Adedeji, in a statement issued on Sunday in Abuja. Recognising the financial challenges faced by taxpayers in fulfilling their tax obligations, the FIRS has opted Read More…
Fidelity Bank Plc commits to sustainable banking, joins UN principles for responsible banking
In a significant move towards sustainable practices, Fidelity Bank Plc announced its official endorsement of the UN Principles for Responsible Banking (PRB), aligning its operations with a unified framework aimed at fostering a sustainable banking industry. The collaboration, fostered by the United Nations Environment Programme Finance Initiative (UNEP FI), promotes a collective effort among banks Read More…
Former ASAN President advocates Deep Blue Project for securing Nigerian maritime anchorage areas
In a recent development, Mr. Temisan Omatseye, former President of the African Shipowners Association of Nigeria (ASAN), highlighted the importance of utilising the Deep Blue Project as the security framework for safeguarding anchorage areas within the Nigerian maritime sphere. Omatseye articulated this stance during the inaugural Maritime Reporters Association of Nigeria (MARAN) annual lecture held Read More…
ONE Campaign exposes $343 billion climate finance gap; Nigeria left with $4.5 billion shortfall
A recent analysis by the ONE Campaign exposed significant discrepancies in climate finance commitments from developed nations, with almost two-thirds of the pledged $343 billion between 2013 and 2021 either unreported as disbursed or loosely linked to climate initiatives. Nigeria, facing a $4.5 billion shortfall, underscores the substantial deficit in pledged climate funds. According to Read More…
Lagos maintains affordable status as Singapore and Zurich top global cost-of-living index
Singapore and Zurich emerged as the world’s most expensive cities this year, followed by Geneva, New York, and Hong Kong, as per the Economist Intelligence Unit (EIU), signalling ongoing challenges in the global cost-of-living landscape. Meanwhile, Lagos, Nigeria’s commercial hub, remains relatively affordable in the latest survey, ranking 125th out of 172 cities. The EIU’s Read More…
Sanwo-Olu advocates tech-driven solutions for local challenges
Governor Babajide Sanwo-Olu has reaffirmed Lagos State’s dedication to harnessing technology for sustainable solutions to indigenous challenges. Speaking at the Endeavor Nigeria’s Annual Scale Up Entrepreneurship Summit in Victoria Island, the governor emphasized technology’s role in ensuring food security, efficient transportation, quality healthcare, and education. Sanwo-Olu highlighted the government’s initiatives, emphasizing the importance of infrastructure Read More…
Experts emphasise collaboration for Nigeria’s manufacturing growth
During the Manufacturers Association of Nigeria (MAN) Ikeja Branch public lecture in Lagos, experts highlighted the pivotal role of collaboration in fostering a robust manufacturing ecosystem and propelling industrialisation in Nigeria. Dr. Paul Alaje, a Chief Economist, underscored collaboration as pivotal in advancing the country’s industrialization. He emphasised the need for a holistic approach to Read More…