Commerce and Industry

Lagos to boost revenue by 40% with harmonisation

DailyTimesNGR DailyTimesNGR 8 August 2024 0

BY MOTOLANI OSENI As part of efforts to make the payment of tax and levies easy for businesses in Lagos State whist boosting revenue by about 40 per cent, the state is set to harmonise the payment of levies and taxes allowing for payment on one platform. Special Adviser to Lagos governor on

Commerce and Industry

Forex Crisis: MTN Nigeria renegotiates tower lease agreement with IHS to cut costs

DailyTimesNGR DailyTimesNGR 8 August 2024 0

BY MOTOLANI OSENI MTN Nigeria has decided to renegotiate its lease agreements with IHS, in its effort to support the recovery of its capital position. Recall that, MTN Nigeria said, it had awarded about 2.5k network sites that were initially under IHS portfolio to ATC Nigeria. Further to the Extraordinary General Meeting (EGM) held on […]

Commerce and Industry

Network International processes $100bn e-transactions annually

DailyTimesNGR DailyTimesNGR 8 August 2024 0

BY MOTOLANI OSENI Nigerian banks’ payment partner, Network International, on Wednesday, disclosed that it handles more than $100 billion in electronic transactions (e-transactions) in Middle East and Africa (MEA) region, while reaffirming its dedication to strengthening the Nigerian financial ecosystem by utilising its Network One platform. As the fourth-largest GDP

Commerce and Industry

Firm reiterates commitment to exceptional workspace solutions

DailyTimesNGR DailyTimesNGR 8 August 2024 0

BY MOTOLANI OSENI MICDEE, has restated its commitment to provide innovative workforce solution for organisations. This is just as the company announced the successful completion of a high-profile project for MTN Nigeria. This marks a significant achievement in the Company’s ongoing commitment to delivering exceptional workspace solutions tailored to the unique needs of its

Commerce and Industry

Trends and Opportunities in Nigeria’s E-Commerce Industry

DailyTimesNGR DailyTimesNGR 29 July 2024 0

Nigeria’s e-commerce industry is booming, presenting a wealth of trends and opportunities for businesses and entrepreneurs alike. As the industry continues to evolve, it’s important to understand the driving forces behind its growth and the potential it holds for the future. What Are The Driving Forces Behind E-commerce Growth The rise of e-commerce in Nigeria […]

Commerce and Industry

Dangote Refinery’s Libya, Angola crude import to support growth plan

DailyTimesNGR DailyTimesNGR 25 July 2024 0

BY TEMITOPE ADEBAYO Dangote refinery is repositioning to raise production to 550,000 barrels per day (bpd) this year, equivalent to 85 per cent of capacity. The refinery is already looking towards importing crude from Libya because it needs to increase crude imports due to insufficient domestic supplies. Chief Executive of Dangote Group, Aliko Dangote said, […]

Commerce and Industry

MTN Nigeria unveils first digitalised retail store in Africa

DailyTimesNGR DailyTimesNGR 25 July 2024 0

BY TEMITOPE ADEBAYO MTN Nigeria has set a new benchmark in the retail sector with the unveiling of sub-Saharan Africa’s first fully digitised retail store in Lagos. This milestone underscores MTN’s commitment to enhancing customer service experience. Leveraging modern technology, the new store features a seamless and intuitive shopping environment where

Commerce and Industry

Nigerians to pay N7,000 monthly as Netflix jack-up subscription fee

DailyTimesNGR DailyTimesNGR 25 July 2024 0

BY TEMITOPE ADEBAYO Nigerians will now be paying N7,000 per month, as video streaming platform, Netflix, has once again increased its subscription prices with its Premium Plan going up by 40 per cent to N7,000 from N5,000 per month. Recall that Netflix has been raising the rates of its Basic and Premium plans starting in […]

Commerce and Industry

Chams to grow business activities, emerging opportunities

DailyTimesNGR DailyTimesNGR 21 September 2023 0

By Joy Obakeye The Group managing director, Chams Holding Company Plc, Mrs. Mayowa Olaniyan, has said, the company plans to finish the financial year on a strong note with three-digit year-on-year growth from expanded business activities and emerging opportunities within the group. She stated this at the fact behind the figures (FBF) presentation of the […]

Commerce and Industry

NCDMB’s support is causing us to think upgrades, additional investments-MicCom Cables boss

DailyTimesNGR DailyTimesNGR 21 September 2023 0

By Joy Obakeye The Chief Operating Officer of MicCom Cables and Wires, Bukola Adubi, has said that as a result of the support her company is getting from the Nigerian Content Development and Monitoring Board (NCDMB), through its effective and efficient implementation of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, MicCom now […]

Commerce and Industry

FG seeks support of Nigerians on economic recovery

DailyTimesNGR DailyTimesNGR 21 September 2023 0

By Joy Obakeye The Federal Government of Nigeria has canvassed the support and understanding of all and sundry to obtain the nation’s economy out of the doldrums. Secretary to the Government of the Federation (SGF),Dr George Akume,who was represented by his Senior Special Adviser, Dr Dapo Oyedemi, made the call at the Nigerian Institute of […]

Commerce and Industry

UN Women, CEOs in Nigeria launch $25m private sector-led GBV fund

DailyTimesNGR DailyTimesNGR 21 September 2023 0

By Joy Obakeye Gender-responsive private sector companies and women CEOs with the support of UN Women and WISCAR have launched a $25 million private sector-led Gender Based Violence GBV fund. The fund is expected to be a contribution from private sector organisations in Nigeria, which goes beyond corporate social responsibility to intentional gender-responsive and

Commerce and Industry

High-interest rates depriving non-oil exports, says NEPC

Ihesiulo Grace 10 August 2023 0

By Joy Obakeye The Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Ezra Yakusak, has said high-interest rates and low disbursement of credit facilities to exporters are one of the major challenges stifling the growth of the non-oil export. He disclosed this at the recent capacity building programme for bankers in Abuja, tagged: […]

Commerce and Industry

Firm invests N4bn to grow e-commerce in Nigeria

Ihesiulo Grace 10 May 2023 0

By Joy Obakeye The Chief Executive, Oscar Pierre, Spanish delivery start-up Glovo, have said the organisation has spent about N4billion to boost its e-commerce and create employment for Nigerians. He said the company was committed to supporting economic resilience as an important building block to open new pathways to business growth. Glovo, one of the […]

Commerce and Industry

IFAD provides $60m to improve food security, job creation for youths

Ihesiulo Grace 10 May 2023 0

By Joy Obakeye The International Fund for Agricultural Development (IFAD) has provided $ 60 million in support out of the total project cost of $97.8 million for the implementation f the Livelihood Empowerment Family Enterprise Project in the Niger Delta (LIFE-ND) region. Participating states include Abia, Cross River, Bayelsa, Delta, Edo and Ondo. The six-year […]

Commerce and Industry

Manufacturing sector investment drop to N145.59bn in 2022- Report

Ihesiulo Grace 10 May 2023 0

By Joy Obakeye The Manufacturers Association of Nigeria (MAN) has disclosed that manufacturing sector investment dipped to N145.59 billion in the second half of 2022 down from N160.88 billion recorded in the corresponding half of 2021; thus, indicating N15.29 billion or a 10 per cent decline over the period. It further declined by N32.8 billion […]

Commerce and Industry

Prioritise the productive sector to boost economy, MAN urges new administration

Ihesiulo Grace 13 April 2023 0

By Joy Obakeye The Manufacturers Association of Nigeria (MAN) has urged the in-coming administration to direct the Central Bank of Nigeria (CBN) to ensure it complies with the prioritization of foreign exchange to the productive sector, particularly to manufacturers to import raw materials, spares, and machinery that are not locally available. MAN, therefore, said it […]

Commerce and Industry

Fed govt signs agreement on Lagos Trade Fair concession

Ihesiulo Grace 13 April 2023 0

By Joy Obakeye The Bureau of Public Enterprises (BPE) has signed a tripartite agreement with Portman Freight Services Limited and Lagos International Trade Fair Complex (LITFC) to lease a portion of the complex to the freight service company. While signing the agreement at the conference hall of the Bureau, the Director-General, Bureau of Public Enterprises […]

Commerce and Industry

LCCI advises FG on strategies for revenue growth

Ihesiulo Grace 13 April 2023 0

By Joy Obakeye Director-General, Lagos Chamber of Commerce & Industry (LCCI), Dr Chinyere Almona, has urged the federal government look towards real estate, and infrastructure to reduce its debt commitments and improve further its fiscal situation to curtail the alarming rise in the debt portfolio. She said LCCI was feared by the continuing growth in […]

Commerce and Industry

How eradication of NTDs can improve Nigeria’s productivity by $19bn-Report

Ihesiulo Grace 29 March 2023 0

By Joy Obakeye Eliminating neglected tropical diseases (NTDs) can expand Nigeria’s economic productivity by about $19 billion by 2030, according to a study by Deloitte. The study, commissioned by the END Fund, a private philanthropic initiative dedicated to ending the most common NTDs, says that such expansion is possible if the country continues to stay […]