Dangote, Sanusi endorse Buhari’s new economic advisory council
Businessam Staff
September 19, 2019
Omobayo Azeez Aliko Dangote, president and chief executive officer (CEO) of Dangote Industries Limited, has commended the new Economic Advisory Council (EAC) constituted by president Muhammadu Buhari to advise him on the nation’s economic growth and overall development. In a statement issued Wednesday by Anthony Chiejina, the chief corporate communications officer (CCCO) of the Dangote […]
ECOWAS parliament appeals to Nigeria to reopen bordersECOWAS parliament appeals to Nigeria to reopen borders
Businessam StaffSeptember 17, 2019
The ECOWAS parliament on Monday appealed to the Nigerian government to reopen its closed borders as it hampers on the implementation of free trade movement within the ECOWAS region. Moustapha Cisse Lo, speaker of the parliament, made the call in a statement at the opening of the 2nd extra ordinary session of the ECOWAS Parliament […]
FG mobilises committee to save local firms over AfCFTA
Businessam StaffSeptember 4, 2019
Richard Adebayo, the minister of industry, trade and investment, has stated that plans are ongoing to set up an action committee to protect local manufacturers. He said the move was imperative to address smuggling post-Africa Continental Free Trade Agreement (AfCFTA) while also tapping into the opportunities that the agreement would bring. The minister stated this […]
Climate change: 11% of Nigeria’s GDP may be affected by 2020 — Official
Businessam StaffAugust 29, 2019
Sa’adatu Madaki, an official of the federal ministry of environment says 11 percent of Nigeria’s Gross Domestic Product (GDP) may be affected by 2020 if climate change is not addressed. Madaki, a senior scientific officer, department of climate change in the ministry made this known on Thursday in Kano at a two-day youth climate innovation […]
NECA, LCCI, fault Buhari’s directive on food importation
Businessam StaffAugust 15, 2019
The Nigeria Employers’ Consultative Association and the Centre for Social Justice say the directive by president Muhammadu Buhari to the Central Bank of Nigeria to withdraw foreign exchange for importation of food is coming at a wrong time. They made their views known on Wednesday in separate statements. The Lagos Chamber of Commerce and Industry, […]
’98 million Nigerians multidimensionally poor’- UNDP
Businessam StaffJuly 12, 2019
United Nations Development Programme (UNDP) says the number of Nigerians, who are multidimensionally poor has increased from 86 million to 98 million in the past decade up to 2017. This is contained in a statement on Thursday by Lucky Musonda, UNDP’s communications specialist, head of communication unit. Musonda stated that the figures are part of […]
AfDB allays manufacturers’ fears, says factories will benefit most from AfCFTA
Samson Echenim with Agency ReportsJuly 10, 2019
By Samson Echenim with agency reports Against local manufacturers fears that the African Continental Free-Trade Agreement (AfCFTA) recently ratified by Nigeria will flood the country’s markets with substandard products from neigbouring countries, the African Development Bank has said the free trade pact will help local manufacturers most than operators in other sectors. Akinwmi Adesina, […]
Buhari inaugurates NEC for 2019-2023 session June 20, 2019 Adedeji Adekunle
Businessam StaffJune 20, 2019
National Economic Council President Muhammadu Buhari has inaugurated the 2019-2023 session of the National Economic Council (NEC). The inauguration was done at the Presidential Villa, Abuja, on Thursday. The council is chaired by Vice President Yemi Osinbajo and includes governors of the 36 states. Many of the state governors, including those elected for the first […]
Nigeria legislators threaten to arrest bank CEOs for non-remittance of stamp duties
Businessam StaffMay 15, 2019
The House of Representatives ad hoc committee investigating non-remittance of stamp duties funds into the federation account has threatened to issue bench warrant for the arrest of chief executive officers of banks and other agencies that failed to appear before it. The committee is investigating non-remittances of stamp duties, amounting to trillions of naira into […]
Wike opens criminal trial of indicted ex-commissioners over N34.5bn syringe factory
Ben EguzozieMay 8, 2019
…former health, finance commissioners to face criminal trials …factory could produce one billion syringes per annum Governor Nyesom Wike of Rivers State has opened criminal prosecution of two indicted former commissioners in the state who allegedly had a hand or two in the collapse of a N34.5 billion state-owned auto-destruct syringe factory at Rumosi, […]