Category: Business
Members of the Organised Private sector (OPS), have expressed concerns about growing insecurity in Nigeria, saying an unsafe environment poses a major risk to investment, even as the country recorded no improvement in the global security perception. The President, Lagos Chamber of Commerce and Industry (LCCI), Mrs Toki Mabogunje, while speaking at the chamber’s security […]
The business world has taken a new dimension, with improvement in technology and newer dimensions of practical knowledge in business management. Many businesses have sprang up, thereby leading to tougher competition in the business environment. Those that haven’t learnt the dynamics of business nature are forced to exit the scene for those who understand the […]
The suit by PPNL, a firm that “engages in the business of trading in imported plastics and petrochemicals,” and the FIRS on the Transfer Pricing Documentation filed by the PPNL “for 2013 and 2014” concerns PPNL’s “transaction with a related company, Vinmar Overseas Limited (VOL).” While the PPNL “adopted the Comparable Uncontrolled Price (CUP) for […]
As opinions vary on whether or not the Federal Government should continue to borrow from over N10trillion pension contributions for infrastructure development, the Debt Management Office (DMO), has defended that there was nothing untoward about the development. Already, as much as N7trillion of the N10trillion of workers contributions has been invested in several Government securities and instruments with which […]
About $29.91billion worth of investments were recorded in the Nigerian economy as at the end of 2019, the Nigerian Investment Promotion Commission (NIPC) report has revealed. The amount is a 67 per cent drop from what was tracked in 2018, which stood at $90.89billion, which NIPC attributed to uncertainties around the 2019 elections in the […]
As digital innovation positions as the future of payments, opportunities abound for organisations and financial institutions to solve some of the world’s biggest challenges and enhance large-scale productivity. Indeed, digital banking in Nigeria has evolved significantly to become an integral part of our daily activities, driving financial inclusion, e-commerce, utilities and effective daily solutions. For innovations around […]
By Martha Nyam (NAN) In what seems like an unusual turn, men in Jos are gradually taking over the beauty business. Years ago, the business of making women beautiful was considered a job exclusively for the female gender. It was generally the belief that only a woman knows how best to make another woman look […]
The CEO of MainOne Broadband Company and Chairperson of the 2020-2025 National Broadband Plan Committee, Ms. Funke Opeke, has stressed the need for more investments in Nigeria’s digital transformation drive in order to boost the country’s economic growth. She cited the federal government’s target of connecting 70 per cent of Nigerians to broadband services by […]
Nigerian youths in Lagos have urged collaboration among businesses, describing it as a panacea for effective growth. Under the auspices of the Young African Leaders Initiative (YALI), the youths stated this at the weekend during a workshop held in Yaba, Lagos, to discuss the potentials for business growth amid pressured economic constraints in Nigeria. The […]
According to her, this motion does not have anything to do with politics because having budgets that are disjointed and truncated has not helped Nigeria’s growth. “Budgeting itself and national planning has to be in tandem with the global best practices and our national growth plan, therefore, the budget should speak to the vision, and […]
Trading under the African Continental Free Trade Agreement (AfCFTA) begins on July 1. The trade deal is expected to open the wider African market for local manufacturers, creating a market of 1.2 billion people with a combined GDP of about $2.5 trillion. However, five months to its implementation, manufacturers are cautiously optimistic. They fear: without […]
eIn the early 1900s in the United States (U.S.), if you walked into a drugstore and went to the back office, you would probably find a few people working on book-keeping, each handling around 1,500 accounts. These were accounts of customers who had taken credit from the business. Each worker would send out monthly bills […]
A large number of student entrepreneurs on Nigerian campuses go bankrupt every year due to the inability to get their products and services to the extensive customer base of students on campus. This is essentially more difficult for them because the traditional word of mouth and wall posters are no longer very effective due to […]
Nigeria ranks low as an e-commerce nation, with average revenue per user (ARPU) going towards consumers sitting at around $44 a month, according to a report by Hootsuit. The country lags behind South Africa’s $109, Egpty, ($96), and Ghana, ($59), as young Africans continue to leverage on the proliferation of the internet and mobile phones […]
The Minister of State for Agriculture and Rural Development, Mustapha Shehuri, has said the Ministry in collaboration with the African Development Bank (AfDB), would promote and develop Special Agro-Industrial Processing Zones (SAPZS), in Nigeria. He said this will enable both local and foreign partners to advance the level of trade and investments in the agricultural […]
