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 […]

Nigerians call for shutdown of South African businesses as xenophobic attacks heighten

Businessam StaffSeptember 3, 2019

Nigerians Monday called on the government to begin shutting down South African businesses operating in the country as attacks against Nigerians worsen in South Africa. The outcry is coming on the heels of Nigeria’s governments announcement to take “definitive measures” as the xenophobic attacks against Nigerian-owned businesses continue in South Africa. Describing the attacks as […]

Delta establishes investment agency to chase FDI

Ben EguzozieAugust 29, 2019

…off-take from two-year 13% growth Ben Eguzozie, in Port Harcourt Delta State, a key state in Nigeria’s oil region, has appointed persons into the governing board of a new state investment development agency (DIDA), which would coordinate the state’s renewed drive to pull foreign direct investment in its direction. Nigeria’s economy has been on marginal […]

Farmcrowdy partners with Oyo state govt. to boost state’s economy through agribusiness

August 29, 2019

Kenneth Afor with agency report Nigeria’s first digital agribusiness platform, Farmcrowdy has signed a partnership deal with the Oyo state government to engage farmers in the state to maximize the new opportunities in agribusiness which is making farmers have access to adequate funds, carry out modern farming activities and improve their livelihood. The partnership, signed […]

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 […]

Buhari seeks Japanese support to combat piracy in Gulf of Guinea

Businessam StaffAugust 29, 2019

Muhammadu Buhari, Nigeria’s president, Thursday in Yokohama, Japan, sought the support of the Asian government in combating piracy in the Gulf of Guinea as well as illegal fishing in that region. The President made the request during a bilateral meeting between the Nigerian delegation and Japanese officials led by Prime Minister Shinzo Abe, on the […]

Fed Govt, GINL to resolve Ajaokuta Steel dispute

Businessam StaffAugust 29, 2019

Alex Okoh, the director-general, Bureau of Public Enterprises (BPE), has expressed the willingness of president Muhammadu Buhari’s administration to resolve ongoing legal issues between federal government and Global Infrastructure Nigeria Limited (GINL) on Ajaokuta Steel Company Limited. He said the government was desirous to see that ASCL was completed and made operational. He therefore solicited […]

Peterside, NIMASA boss, assures Nigerians of Buhari’s economic policies

August 27, 2019

By Samson Echenim The economic programmes of the President Muhammadu Buhari-led administration are not only succeeding, but are also reliable, Dakuku Peterside, director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA) has said. Peterside stated this at the seventh edition of the Pan African International Recognition Awards/Annual Discourse held in Accra, Ghana. His remarks […]