FG to set up vaccines joint venture with May & Baker
Businessam Staff
May 31, 2017
Nigeria’s cabinet approved on Wednesday a plan to set up a joint venture with pharmaceutical firm May & Baker Nigeria Plc to produce vaccines, the health minister said. The company will have an initial capital of 100 million naira ($328,515). Shares in May & Baker rose nearly 5 percent on the Nigerian bourse after the […]
Biafra prospect rising on lack of fair, just and unbiased leadership -Survey
Businessam StaffMay 26, 2017
An SBM Intelligence survey has revealed that unfair leadership, perception of marginalization, as well as restriction of economic choices may have fuelled the current secessionist agitation for the state of Biafra. The survey reveals that 31.3 percent of respondents see marginalization as the main reason the idea of Biafra appeals to them, while 25.4 percent […]
Nigeria will exit recession stronger, bigger, Osinbajo assures
Businessam StaffMay 26, 2017
Acting President, Prof. Yemi Osinbajo, on Thursday assured investors that the country would come out of economic recession stronger and bigger than before, with its Economic Recovery and Growth Plan (ERGP) policy. The acting president gave the assurance at the Presidential Policy Dialogue Session, organised by Lagos Chamber of Commerce and Industry (LCCI) in Lagos. […]
Automation of land, tax, justice administrations underway in Lagos – AMBODE
Businessam StaffMay 25, 2017
Akinwunmi Ambode, Lagos State governor, on Thursday revealed strategies being adopted towards moving the state from mega city to smart city, just as he said that his administration has put in place policy framework for a technology-driven land administration and mapping, tax administration and justice administration. In a release signed by Habib Aruna, his chief […]
Gov. Obaseki shuts down Edo Line, relocates workers to Ministry of transport (Video)
Businessam StaffMay 25, 2017
Nigeria’s Senate passes oil governance bill – Senate
Businessam StaffMay 25, 2017
Nigeria’s Senate passed a long-awaited oil governance bill following its third and final reading, it said on its official Twitter feed on Thursday. The Petroleum Industry Governance Bill is part of proposed reforms that make up the sprawling Petroleum Industry Bill (PIB), aimed at overhauling the OPEC member’s energy industry. The PIB, which has been […]
Tax: Kaduna to capture 60,000 businesses on database
Businessam StaffMay 25, 2017
The Kaduna State Government on Wednesday said it would capture about 60,000 business entities operating in the state on its electronic database. The Executive Chairman of the State Internal Revenue Service, Malam Mukhtar Ahmed, disclosed this to the News Agency of Nigeria (NAN) in Kaduna. Ahmed spoke on the side line of the three-day sensitisation […]
Made-in-Nigeria goods: Osinbajo to hold interactive session
Businessam StaffMay 22, 2017
The Presidency has promised to vigorously implement the new executive orders in its determination to significantly transform the business environment in the country. The spokesman to the Acting President, Yemi Osinbajo, Laolu Akande, made this known in a statement he issued on Sunday to give update on the new orders signed last Thursday. He said […]
Kaduna state government at war with banks over revenues
Businessam StaffMay 19, 2017
The Kaduna State Internal Revenue Service (KDIRS) has threatened to seal all banks operating in the state which failed to pay its communication mast and Signage fees as required by law. Legal Adviser to KDIRS Francis Kozah told the News Agency of Nigeria (NAN) in Kaduna on Thursday that the defaulting banks were given two […]