Commerce and Industry

NOTN, stakeholders to unveil template for free trade agreements

Ihesiulo Grace 29 March 2023 0

By Joy Obakeye The Minister of Industry Trade and Investment, Adeniyi Adebayo, has said the Nigerian Office for Trade Negotiations (NOTN), in partnership with trade stakeholders, have concluded work on the Nigerian templates for Free Trade Agreements (FTAs) and Mutual Recognition Agreements

Commerce and Industry

Lagos, eTransact signs MOU to curb unregulated development, manage setbacks

Ihesiulo Grace 29 March 2023 0

By Joy Obakeye Lagos State Government through the Ministry of Physical Planning and Urban Development has signed a Memorandum of Understanding (MoU), with eTransact, a foremost Fintech Company, to curb unregulated development, manage setbacks and open spaces and improve the beautification of the environment in Lagos State. The Memorandum of Understanding will strengthen

Commerce and Industry

Lagos, Abuja rate below average on ease of doing business-Report

Ihesiulo Grace 29 March 2023 0

By Joy Obakeye The latest report by the Presidential Enabling Business Environment Council (PEBEC) has ranked Nigeria’s commercial hub, Lagos State and the Federal Capital Territory, Abuja below average on Ease of Doing Business (EoDB) rankings per state. PEBEC disclosed this recently in the second edition of the Subnational Ease of Doing Business Report for […]

Commerce and Industry

Energy Ghana celebrates customers, plans robust retail expansion

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye A Sahara Group Company in Ghana, So Energy Limited has reiterated its commitment to giving more customers access to top-notch customer experience through strategic retail expansion and exceptional fuel solutions. So Energy currently has 12 branded retail outlets, widely acclaimed for their imposing designs, spacious service points, modern supermarkets,

Commerce and Industry

Skills acquisition sustainable solution to rising unemployment, poverty– DG ITF

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye The Director General of the Industrial Training Fund (ITF), Joseph Ari, has explained the urgency of skills acquisition as the most viable and sustainable solution to the rising unemployment and poverty level in Nigeria. He noted that the Minister of Industry, Trade and Investment, Otunba Adebayo, and his counterpart, Amb Mariam Yalwaji […]

Commerce and Industry

FG to raise procurement standards in Nigeria, says BPP

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye The Director-General of, the Bureau of Public Procurement, BPP Mamman Ahmadu, has said the Federal Government is interested in raising procurement standards in Nigeria by observing global best practices. Mamman disclosed this in a statement yesterday in Abuja while hosting the President of the Nigerian Institution of Estate Surveyors and Valuers (NIESV),

Commerce and Industry

AATF to promote agricultural innovation through public-private partnerships

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye The African Agricultural Technology Foundation (AATF) has restated its commitment to transforming farmers’ livelihoods through innovative agricultural technologies that will improve incomes, food, and nutrition security in Sub-Saharan Africa. AATF Director, Programme Development and Commercialization, Dr Emmanuel Okogbenin, restated the commitment during the

Commerce and Industry

Deploy monetary, fiscal policies to tame inflation, LCCI urges FG

Ihesiulo Grace 22 February 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has urged the federal government to deploy monetary and fiscal policies to tame inflation. The Chamber reacting to a report by the National Bureau of Statistics (NBS), that the January 2023 headline inflation inched up by 0.47 per cent to 21.83 per cent after […]

Commerce and Industry

How inflation surge, Naira depreciation impact Manufacturers’ confidence

Ihesiulo Grace 15 February 2023 0

By Joy Obakeye The Manufacturers Chief Executive Officers (CEO’s) Confidence Index (MCCI) of the Manufacturers Association of Nigeria (MAN) has revealed that the aggregate Index Score (AIS) of MCCI declined to 55.0 points in the fourth quarter of 2022 from 55.4 points recorded in the third quarter of the year. The report noted that the […]

Commerce and Industry

Cadbury Nigeria’s net profit rises by 110.2%

Ihesiulo Grace 1 February 2023 0

By Joy Obakeye Cadbury Nigeria Plc, a subsidiary of Mondelez International, recorded strong growth in sales and profitability in 2022 with net profit doubling by 110.22 per cent. The unaudited report and accounts for the year ended December 31, 2022, showed that turnover stood at N55.21 billion in 2022, representing an increase of 30.3 per […]

Commerce and Industry

ECA urges private sectors to own, drive implementation of AfCFTA

Ihesiulo Grace 1 February 2023 0

By Joy Obakeye The Economic Commission for Africa (ECA) has called on leaders of trade and industry to “own and drive the implementation of the African Continental Free Trade Area (AfCFTA) agreement by supporting their governments. The Director of Regional Integration and Trade at the Economic Commission for Africa (ECA) Mr Stephen Karingi, disclosed this […]

Commerce and Industry

Participation in international satellite system will ensure global best practice- Jamoh

Ihesiulo Grace 12 January 2023 0

By Temitope Adebayo The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, has disclosed that the agency is participating in the testing stage of an international satellite system that will improve communication channels for vessels at sea as part of the agency’s quest to ensure adoption of global best […]

Commerce and Industry

LASG reviews memoranda on urban development policy

Ihesiulo Grace 12 January 2023 0

By Joy Obakeye Towards the formulation of the State Urban Development Policy, Lagos State Government LASG has undertaken the review of memorandums from stakeholders. This was disclosed by the Permanent Secretary, Ministry of Physical Planning and Urban Development, Engr. Oluwole Sotire at the opening of the memoranda review meeting at the Women Development Centre, Agege,

Commerce and Industry

Sahara Foundation, LSETF partner on Wecyclers to promote environmental sustainability

Ihesiulo Grace 12 January 2023 0

By Joy Obakeye Sahara Foundation and Lagos State Employment Trust Fund (LSETF) have announced a strategic partnership geared towards rolling out a series of recycling exchange hubs across 12 local government areas in Lagos state. This was disclosed in a statement by the company, stressing that the project, which is being implemented by Wecyclers, a […]

Commerce and Industry

NAFDAC begins nationwide tour over dangers in bleaching cream

Ihesiulo Grace 12 January 2023 0

By Joy Obakeye The National Agency for Food and Drug Administration and Control (NAFDAC), has said it will embark on a nationwide tour to warn of the dangers inherent in the usage of bleaching creams before the clampdown on the manufacturers and sellers of bleaching creams. This was disclosed by the Acting Director General of […]

Commerce and Industry

LCCI urges FG to boost manufacturers input to drive industrialisation

Ihesiulo Grace 12 January 2023 0

By Joy Obakeye The Lagos Chamber of Commerce and Industry (LCCI) has said the Federal Government needs to sustain its targeted interventions in selected critical sectors like agriculture, manufacturing, export infrastructure, and security. This was disclosed by the President of LCCI, Dr Michael Olawale-Cole, at the LCCI state of the economy quarterly news conference