43 Insurers Meet New Capital Requirement, 8 Under Review
By Oluwakemi Kindness Forty-three insurance and reinsurance companies have met the new minimum capital requirements set by the National Insurance Commission (NAICOM) following the completion of the sector’s 12-month recapitalisation exercise. The Commission disclosed this in a statement on Sunday, saying eight other insurance companies that submitted evidence of compliance shortly before the statutory deadline […]
NILDS DG calls for tougher fiscal governance at RMFAC session
By Zainab Bakare The Director-General of the National Institute for Legislative and Democratic Studies (NILDS), Prof. Abubakar Sulaiman, has underscored the need for stronger fiscal governance, institutional discipline and innovative revenue management as he inaugurated a two-day capacity-building programme for members of the Revenue Mobilisation Allocation and Fiscal Commission (RMFAC). Speaking at the opening ceremony, […]
African Policymakers Meet in Abuja Over Economic Risks
By Mardiyyah Abubakar Top policymakers, financial experts and business leaders from across Africa are meeting in Abuja to discuss ways to strengthen emerging economies amid growing global uncertainty. The seventh African Emerging Markets Forum is taking place at the Central Bank of Nigeria (CBN) headquarters. The forum has the theme: “Building Resilience Amidst Geoeconomic Uncertainties.” […]
SMEDAN Warns of Startup Investment Gap in Nigeria
By Oluwakemi Kindness The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has raised concerns over the shortage of investment-ready startups in the country, despite the availability of significant funding opportunities for entrepreneurs. Director-General of SMEDAN, Charles Odii, made the observation at the opening of the Abuja Centre for Entrepreneurship (ACE) Project’s Training of […]
Minister Urges Reps to Fast-Track AfCFTA Domestication Bill
By Oluwakemi Kindness The Minister of Industry, Trade and Investment, Jumoke Oduwole, has urged the House of Representatives to expedite the passage of the African Continental Free Trade Area (AfCFTA) Domestication Bill, describing it as essential to unlocking trade, investment and economic opportunities for Nigeria. Speaking on Monday at the public hearing on the bill […]
Reps Move to Reform Laws on Ease of Doing Business
By Oluwakemi Kindness The House of Representatives has pledged to strengthen Nigeria’s commercial laws to improve the ease of doing business, remove regulatory barriers and attract more local and foreign investment into the country. Speaker of the House of Representatives, Abbas Tajudeen, made the commitment on Monday while declaring open a public hearing organised by […]
High Production Costs Threaten AfCFTA Gains – NSDC
By Oluwakemi Kindness The Executive Secretary of the National Sugar Development Council (NSDC), Kamar Bakrin, has warned that Nigeria risks losing the vast opportunities offered by the African Continental Free Trade Area (AfCFTA) unless it urgently lowers the cost of production for manufacturers. Speaking at the technical session of the 17th National Council on Industry, […]
Ebonyi Open to Foreign, Local Investors, Says Nwifuru
By Mardiyyah Abubakar Ebonyi State Governor Francis Nwifuru says his administration is ready to welcome both foreign and local investors, describing the state as one of the safest and most attractive investment destinations in the South East region. The governor made the statement on Sunday at the Government House Chapel in Abakaliki while briefing residents […]
FG Sets Seven-Day Cargo Clearance Goal for Nigerian Ports
By Mardiyyah Abubakar The Federal Government has unveiled plans to reduce cargo clearance time at Nigerian ports from 21 days to seven days as part of efforts to improve trade efficiency and lower logistics costs. The Presidential Enabling Business Environment Council (PEBEC) is leading the initiative to speed up cargo processing and strengthen Nigeria’s competitiveness. […]
Jonathan Urges Oil Firms To Power Nigeria’s Tech Future
By Mardiyyah Abubakar Former President Goodluck Jonathan has called on oil and gas companies to play a leading role in advancing Nigeria’s technological and industrial development by investing in local manufacturing, skills development, and technology transfer. Speaking at the Sweet Crude Dialogue in Yenagoa, Bayelsa State, Jonathan said Nigeria must move beyond exporting crude oil […]