Suzuki to set up vehicle plant to Ghana

Multinational automobile manufacturing company, Suzuki Motor Corporation, has resolved to set up a production unit in Ghana. Suzuki The company intends to make Ghana the hub of its operations in sub-Saharan Africa. Suzuki’s General Manager in-charge of Middle East and Africa, Koichi Suzuki, disclosed this when he called on President Nana Addo Dankwa Akufo-Addo at […]

NIMASA, stakeholders seek end to cabotage waivers

By Godwin Oritse IN a bid to actualise full implementation of the Cabotage Act, Nigerian Maritime Administration and Safety Agency (NIMASA) and key players in the maritime industry have set a plan to end Cabotage waivers for non-indigenous ship owners within the next five years. Dakuku Peterside The waivers are aimed at promoting  indigenous participation […]

FIRS refutes report of 50% VAT increase

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja. The Minister of Budget and National […]

FG Reiterates Its Commitment To Develop Capital Market – Channels Television

Minister of Finance, Zainab Ahmed,   The Federal Government has reiterated its commitment to building a vibrant capital market that would contribute to the growth and development of the country. Minister of Finance, Zainab Ahmed, said this In Lagos Tuesday at the Maiden Awards Night of the Securities and Exchange Commission, SEC tagged ‘Committed Partnership’. […]

FG committed to a stable financial system – NDIC

The Federal Government is committed to ensuring a stable financial system in the country, Managing Director/Chief Executive Officer, Nigeria Deposit Insurance Corporation, (NDIC), Umaru Ibrahim, has said. The NDIC boss stated this during a seminar organised by the corporation for management staff of the Federal Ministry of Finance, in Abuja on Monday. Ibrahim stated that […]

Equities: Analysts forecast mixed performance

By Nkiruka Nnorom THE equities market may witness a mixture of bargain hunting and sell pressure this week with bears set to dominate the market yet again, capital market operators have said. The operators, however, said that the release of 2018 financial results, which has already started coming in, would dampen the sell-offs, resulting in […]

Why LSETF under-performed on MSMEs funding – REPORT

The Lagos State Employment Trust Fund (LSETF) under-performed in the funding of micro, small and medium enterprises (MSMEs) in the state between 2017 and 2018 due to paucity of funds, a report of Social Impact Assessment (SIA) of activities of the Fund has revealed. Naira Okowa assures Deltans of security during polls The Social Impact […]

Promasidor supports 60 families with microcredit

Promasidor Nigeria Limited has provided succour to more than 60 parents of children living with disabilities through its low-interest microcredit scheme christened, We Too Can Grow, in advancement of its corporate social responsibility (CSR) policy. CPS enrollees hit 8.41m The scheme is in partnership with Children’s Developmental Centre (CDC), which supports children and young adults […]