Tag: BUSINESS

‘100,000 businesses get N50,000 presidential grant’ Trade Minister

Aminu Imam
Trade minister

No fewer than 100,000 nano-businesses across the Federation have received the initial disbursement of N50,000 through the Presidential Conditional Grant Scheme, also known as the Trade Grants Scheme. The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, who gave the figure yesterday, through her aide, Terfa Gyado, confirmed that the disbursement began a few weeks ago and would be distributed to 1,291 nano businesses per local government area. Nano businesses are enterprises that have one or two workers and less than an annual turnover of N3 million, according to the…

Read More

Economic Growth: Dangote partners Govt, advocates commitment to local content values

Abdul-Azeez Ahmed Kadir

As the 45th Kaduna International Trade Fairs progresses, the Dangote group said it is partnering Kaduna State Government for economic growth and development, while advocating for commitment to deepening local content values across various business sectors Hajiya Fatima Wali-Abdurrahman, representative of the group made this assertion in Kaduna at the trade fair complex, Kaduna-Zaria road. She stressed that the theme of this year’s Trade Fair, “Sustaining Economic Recovery Through Deepening Local Content Values,” resonates deeply with the vision and mission of the Dangote Group, and find it a pleasure…

Read More

How to salvage naira ABCON

Abdul-Azeez Ahmed Kadir
Nigerian New Naira Notes

The Association of Bureaux Des Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) and the Federal Government to embrace practical solutions to salvage the naira. Alhaji Aminu Gwadabe gave the advice in an interview on Tuesday in Lagos. Gwadabe said there should be a convergence of monetary and fiscal policies to rescue the naira in view of the wide gap between the official and the parallel market rates. It is pertinent for both the apex bank and the incoming administration to prioritise and embrace practical…

Read More

FG is creating infrastructure for resolution of business disputes Osinbajo

Abdul-Azeez Ahmed Kadir

Vice-President Yemi Osinbajo said in Abuja on Thursday that the Federal Government was promoting the adoption of Alternative Dispute Resolution and creating the necessary infrastructure to enhance speedy resolution of business-related disputes Fielded questions at a virtual interaction session with members of the French Business Confederation, Osinbajo said governments effort was part of measures to attract foreign investors. Alternative Dispute Resolution is something that we are promoting as a government and we are trying to create infrastructure for it. And I know that most businesses do not even want to…

Read More

FG to focus on strategies for sustaining existing businesses Minister

Abdul-Azeez Ahmed Kadir

The Federal Government says one of its major areas of focus in its industrial plan, post-COVID-19 era is the sustainability of existing businesses in the country. Adeniyi Adebayo, Minister of Industry, Trade and Investment disclosed this in an address at the virtual annual conference of the Institute of Directors (IOD) where he was the Guest of Honour. Adebayo, in a statement by his Special Adviser on Media, Ifedayo Sayo, said the pandemic had brought up the need to come up with strategies toward ensuring survival of existing businesses and attracting…

Read More