The Association of Chartered Certified Accountants has signed a Memorandum of Understanding with the International Chamber of Commerce, United Kingdom. A statement from ACCA said with the MoU, ACCA joined ICC in its “Save Our SMEs” global campaign, as well as sharing professional research insights. It stated that the SOS campaign highlighted the challenges many […]
The National Agricultural Land Development Authority (NALDA) says it plans to empower 77,400 young farmers to engage in agricultural business. NALDA said the agricultural businesses would range from crop farming to animal husbandry across the country. Its Executive Secretary, Mr Paul Ikonne, said this at a news conference in Abuja on Monday. NALDA was established […]
The Petroleum Products Pricing Regulatory Agency (PPPRA), yesterday, carried out a further reduction in the pump price of Premium Motor Spirit (PMS), also known as petrol, to N121.50 per litre, N2.0 down from N123.50 per litre last month. This is the third reduction this year. In a letter to petroleum products marketers, the PPPRA disclosed […]
Local investors are taking advantage of the incredibly low prices of stocks in the Nigerian Stock Exchange, NSE, to increase their investments following the prolonged downward movement in equity valuation since the advent of the coronavirus, COVID-19, pandemic on Nigeria’s economy. Data on domestic and foreign portfolio participation in the NSE equity market shows that […]
Oramah in a statement said, Africa must leverage the opportunities that the African Continental Free Trade Agreement (AfCFTA) provides to facilitate trade and economic growth in the region. He said: “The pandemic has taught us that there comes a time when every group of people fends for themselves and there comes a time when you […]
The Managing Director and Chief Executive, Heritage Bank Limited, Ifie Sekibo, has urged Small and Medium Enterprises (SMEs), to adopt new business models and strategies, and embrace partnerships to remain competitive and overcome the challenges of the Coronavirus (COVID-19) pandemic. In a statement, he said there was a need for SMEs to continually embrace partnerships, […]
The Nigerian National Petroleum Corporation has said it’s driving down the production cost of a barrel of crude oil to $10 and below in oilfields across the country. The Group Managing Director of the NNPC, Mallam Mele Kyari, said on Thursday that the national oil firm had sustained operations despite disruptions and slowdown in economic […]
It’s been a strenuous time globally as a result of the pandemic that has engulfed nations, some developed countries have found ways to contain the effect of Covid- 19, with evidence of decreasing cases. In other developing countries, the virus is resurging or continuing to spread quickly. This is still a global problem calling for […]
In the midst of the COVID-19 pandemic and its consequent global economic crisis on small businesses on the African continent, the GreenTec Capital Africa Foundation, together with the French Development Agency, will hold a summit which seeks to support and encourage the growth of startups in francophone African countries. The GreenTec Capital Africa Foundation (GCAF) […]
In an effort to alleviate the impact of coronavirus pandemic on businesses, houses holds and regulated institutions, The Central Bank of Nigeria has said it is giving a one-year moratorium on all principal repayments for COVID-19 intervention loans through its participating Other Financial Institutions with effect from March 1, 2020. The apex bank said this […]
