Business

Business

Growing Nigerian Manufacturing, Sector Via Accurate Legislations

News Introduction: 
No nation can grow without a vibrant manufacturing sector. Unfortunately, a lot of factors inhibit this sector in Nigeria. The recent 26th Annual General Meeting of the Manufacturers’ Association Nigeria (MAN), Abia/ Imo Branch, which was held in Owerri, the Imo State capital, proffered solutions to the problems bedeviling this sector. - By Okechukwu Keshi Ukegbu

The theme of the AGM “The Role of the Legislature in a Growing Economy- Reference to the Manufacturing Sector” was timely. The Chairman of the Branch, Chief Godfrey C. Ekenma set the tone for the meeting. In his address,   he urged government at all levels to provide cheap and long term funds for its bonafide members. Ekenma also called on governments to grow manufacturing in order to create jobs and wisely improve their Internally Generated Revenue (IGR).

Kuforiji-Olubi, Nigeria’s First Female Banker

News Introduction: 
When Nigerian women were still groping in the kitchen because of ignorance and lack of empowerment, Chief Bola Kuforiji – Olubi was one of the first women to pride themselves in the banking . - By Joyce Remi- Babayeju

When Nigerian women were still groping in the kitchen because of ignorance and lack of empowerment, Chief Bola Kuforiji – Olubi was one of the first women to pride themselves in the banking profession which was an exclusive for domain for men in the country.

IITA Inching On More Maize Varieties

News Introduction: 
International Institute for Tropical Agriculture, IITA takes step to bridge the short fall in maize demand in Nigeria with research on more varieties. - By Kenneth Azahan

From north to south and east to west, maize is planted in Nigeria. It is one of the staple foods; it is either boiled and eaten or processed into flour for several food uses. Aside being a food crop, maize is also a raw material for industrial production. This dual nature of the crop puts it in high demand. 
Two types of maize are planted in the country, the yellow and white varieties and due to its rate of adaptability; it is not a seasonal product.

Maximising Revenue Base Via Consultancy

News Introduction: 
Federal Government involves consultants to assist FIRS in revenue collection as step to increasing her revenue base in 2014-any hope in the horizon? - By Kenneth Azahan

In order to curtail incidences of tax evasion, the federal government says it has contracted an international tax firm to assist the Federal Inland Revenue Service, FIRS, in strengthening tax collection in the non-oil sector.
Under the arrangement, additional N75 billion is expected t be raked into the FG’s revenue within the 2014 fiscal year. The increase will be through tightening the lapses in tax collection. Also, the drive will increase the FIRS revenue target which is put at N2.2 trillion in 2014 by another N75 billion, making it a total of N2.95 trillion.

Promoting Made-In-Nigeria Goods

News Introduction: 
Efforts to draw patronage for home made goods by the federal government is gathering momentum with private sectors support. - By Rita Onuoha

Locally produced goods hardly catch the fancy of most Nigerians due to what the market observers blame on the passion for foreign goods.
Interestingly in recent times, rising campaign for Nigerian made items is reversing the situation. In this vein, series of exhibitions are being organized by the stakeholders in the country.
For instance, the made -in-Aba fair which will begins this week, it is expected to show case leather works, steel fabrication and garment home made goods.

Nigeria’s Robust Economic Potentials

News Introduction: 
Going by the rating released recently by the World Bank, Nigeria is poised to become a world economic hub. = By Kenneth Azahan

According to a recent report by the World Bank, various reform programmes initiated and implemented by the Federal Government in the different sectors of the economy indicate significantly improvement in the country’s business regulatory environment, in the last one year. 
The report is coming after a review by the International Finance Corporation, IFC, which also revealed that between June 2012 and June 2013, Nigeria moved closer to global best practices in business regulations than previously, particularly since 2009.

Improving Electricity Generation Via Coal

News Introduction: 
Human life in this modern day is unimaginable without electricity as it lights houses, buildings, streets, provides domestic and industrial heat, and powers most equipment used in homes, offices and machinery in factories. - By Olugbenga Salami

Human life in this modern day is unimaginable without electricity as it lights houses, buildings, streets, provides domestic and industrial heat, and powers most equipment used in homes, offices and machinery in factories. It is also believed that improving access to electricity worldwide is critical to alleviating poverty.

In Pursuit Of Sound Chemical Management

News Introduction: 
Nigeria recorded a feat as the Swedish sponsored, Nigeria-UNDP Project on Mainstreaming SMC into MDG-based policies and plan in the country ended in Abuja with a cheering outcome. - By Ibrahim Mohammed

For participants in the Nigeria-UNDP Project on Mainstreaming SMC, the successful completion of the one year project has boosted the country’s journey towards sound management of chemicals. Elated national coordinator of the project, Mr. Hakeem Bello Adediran, in an interview with journalists noted that sound management of chemicals is pivotal to sustainable development.

Bank Chief Bows To Pressure

News Introduction: 
EcoBank Chairman, Kolapo Lawson resigns his position as a step to save the bank’s image from allegations of financial impropriety. - By Kenneth Azahan

The decision of the Pan-African bank, Ecobank’s chairman, Kolapo Lawson to resign his position is believed to be a step to retain customer’s confidence in the institution. 
The bank announced the departure of chairman Kolapo Lawson last week in an attempt to restore confidence after a series of blows to its reputation. Hitherto,  Ecobank has often been touted as a pan-African success story due to its strong growth and aggressive expansion strategy, making it attractive to foreign investors. 

Fuel Of Africa’s Economic Transformation

News Introduction: 
Africa’s agricultural, mining and energy resources could boost the continent’s economic growth and pave the way for a breakthrough in human development

According to the African Economic Outlook 2013, which is produced annually by the African Development Bank, AfDB, the OECD Development Centre, the Economic Commission for Africa, ECA, and the UN Development Programme, UNDP, the continent’s economic outlook for 2013 and 2014 is promising. 
This confirms its healthy resilience to internal and external shocks and its role as a growth pole in an ailing global economy. Africa’s economy is projected to grow by 4.8 per cent in 2013 and accelerate further to 5.3 per cent in 2014.

Syndicate content
<

A Perspective on Poker Development in the Country And What Nigeria And other Countries Can Learn From France’s Poker Policies

Bitter Story Of Abuja Forex Dealers

Worlds Billionaires 2013