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Afeez Hanafi  The Lagos State Governor, Akinwunmi Ambode, has commenced the Lagos@50 celebrations with a movie premiere, ‘Wakaa The Musical’, assuring youths of the government’s resolve to boost the state economy through support for entrepreneurship. He said the government would provide an enabling environment and make policies that would enhance ...

Aside from gas shortage, private investors are scared of firming up their relationship with operators in the  power sector, it was gathered at the weekend. It was learnt that many private investors expressed reservation about getting Returns On Investments   due to the poor operating environment.As a result, they are not ...

Nigeria Customs Service (NCS) Comptroller-General,Col. Hameed Ali (retd), has restricted rice import in trade free zones. Public Relations Officer of the service, Mr. Joseph Attah, made this known to reporters in Abuja at the weekend. He said the restriction became necessary because some operators were taking undue advantage of the ...

Can the Nigerian Ports Authority (NPA) dominate maritime business in Africa? Yes, says its Chairman, Mr Emmanuel Adesoye whose aim is to make the authority one of the best in the world. To achieve this, the board has introduced some innovations and reforms, such as review of concession agreement and ...

Mercedes-Benz has launched a new medium duty truck for city and short distance operations. The all-new Accelo 915C is the first Mercedes-Benz compact truck. According to Weststar Associates Limited, authorised distributors of Mercedes-Benz commercial and passenger vehicles in Nigeria, the Accelo was unveiled due to the growing demand by various ...

Mr Gbenga Kuye is the managing  director, Nigeria Export Processing Zones Authority (NEPZA). In this interview  with KINGSLEY ALU, he discusses how the export processing zones are being repositioned to drive the economic diversification agenda of the federal government, the achievements, operational challenges and lots more. Looking at the goals ...

The Central Bank of Nigeria (CBN) recently released the guidelines for the Agricultural Small/Medium Enterprises Investment Scheme (AGSMIES) an initiative of the Bankers Committee to ensure that more funding goes to small businesses particularly in the agriculture sector in an effort to help restore the  Nigerian economy. Last year at ...

The minister of Foreign Affairs, Mr Geoffrey Onyeama, has said that President Muhammadu Buhari’s foreign trips have started yielding positive results. Onyeama said at the News Agency of Nigeria’s (NAN) Forum in Abuja that the results were in the areas of the economy and national security. He said such visits ...

In its determination to ensure constant supply of foreign exchange liquidity in the market and strengthen the Naira against the Dollar, the Central Bank of Nigeria (CBN) on Friday 7th April 2017 auctioned the sum of $418 million at the retail-SMIS at a marginal rate of N310/$. The airlines, agriculture, ...

As he clocks the diamond age of 60 today, the president of Dangote Group, Aliko Dangote, has said his belief in Nigeria economic potential remains unshaken. This is even as President Muhammadu Buhari has felicitated with the Africa’s renowned businessman and philanthropist on his 60th birthday. The business mogul and ...