Business

FG’ll use MSMEs rating to revamp economy – SMEDAN DG

Femi Folaranmi, Yenagoa The Director- General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Dr Dikko Umaru Radda has stated the Federal Government is determined to use ratings to galvanise Micro, Small and Medium Enterprises (MSMEs) and revamp Nigeria’s economy. Radda who disclosed in Yenagoa, Bayelsa State …

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Osinbajo: FG to create 5m jobs

Agency Reporter In line with the job creation agenda of the Federal Government, the Vice President, Prof Yemi Osibanjo has reaffirmed government’s commitment towards creation of five million jobs. Osibanjo who disclosed this over the weekend during the Virtual Presidential Policy Dialogue Session organised by the Lagos Chamber of Commerce …

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How pandemic is affecting prices of luxury items

By Ibrahim Apekhade Yusuf No nation has ever succeeded in taxing its citizens into prosperity. The foregoing wisecrack becomes apposite in describing the challenges facing businesses lately as they are made to bear all manner of overhead costs, which they end up passing to the final consumers. From retail businesses, …

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Hard times as COVID-19 takes toll on supermarket chains

The planned exit of Shoprite supermarket, the popular South African brand from the Nigerian market after a 15-year stint has been described as a bad omen for mostly foreign-owned retail businesses struggling to survive economic headwinds thrown up by coronavirus pandemic and other factors. Ibrahim Apekhade Yusuf and Charles Okonji …

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‘Why Nigeria’s retail sector hasn’t grown rapidly’

Mr. Ade Sun-Basorun is Managing Director/ Chief Executive Officer, FoodCo Nigeria Limited, a diversified fast-moving consumer goods company with headquarters in Ibadan, Oyo state and other outlets across southwest, Nigeria. In this interview with Ibrahim Apekhade Yusuf he speaks on the prospects and challenges of Nigeria’s organised retail sector following …

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10, 000 entrepreneurs for Savvy fellowship

As a way of giving back to the society and to encourage both aspiring and early stage entrepreneurs,’ Chidi Nwaogu, Nigerian serial tech entrepreneur and software developer has decided to impact 10,000 professionals through an initiative called “Savvy fellowship”, a global fellowship programme launching before year-end for those passionate about …

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NIPC to states investors: focus on manufacturing, others

By Franca Ochigbo, Abuja The Nigerian Investment Promotion Commission (NIPC) has urged state investors to direct their attention to manufacturing, agriculture, education, solid mineral development and real estate.The Executive Secretary, NIPC, Yewande Sadiku disclosed that the Commission is negotiating with investors on behalf of state governments in terms of their …

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OML 130: NNPC, partners end dispute, target $510m revenue

Uche Usim, Abuja The Nigerian National Petroleum Corporation (NNPC) has signed a dispute resolution agreement with its partners, China National Offshore Oil Company (CNOOC) and South Atlantic Petroleum (SAPETROL) on the development of Oil Mining Lease (OML) 130. The peace deal is expected to rev up crude oil production to …

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NB Plc restates commitment to partner media on information dissemination

Okey Sampson, Umuahia Nigerian Breweries Plc has restated its commitment to collaborate with journalists in the country in the area of information dissemination particularly during the COVID-19 pandemic. Corporate Affairs Manager (South) of NB Plc, Chukwuemeka Aniukwu disclosed this in Aba on Friday during the company’s presentation of COVID-19 palliatives …

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